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Help me understand adoption rate
I can’t see how btc will continue to follow the law of diminishing returns or powers law and take a gradual path. Unlike the adoption of the internet, cellphones,etc. Btc has game theory, meaning if you’re late you have to pay a higher price because others have bought it up, whereas if you’re late to adopt a cellphone, you just missed out on using a cellphone earlier. So it makes more sense that once people, nations understand Btc, it will quickly rise in price and be used as a store of value and money Am I missing something? submitted by /u/mydevice [link] [comments]
I can’t see how btc will continue to follow the law of diminishing returns or powers law and take a gradual path.
Unlike the adoption of the internet, cellphones,etc. Btc has game theory, meaning if you’re late you have to pay a higher price because others have bought it up, whereas if you’re late to adopt a cellphone, you just missed out on using a cellphone earlier.
So it makes more sense that once people, nations understand Btc, it will quickly rise in price and be used as a store of value and money
Am I missing something?
[link] [comments]
