Yesterday, on Bitcoin's 14th Birthday, a prominent Lander on Torum posed this question: "How do you think we should increase the adoption of Bitcoin in society and where do you think Bitcoin will be 10 years from now?"

This is one of my favourite thought experiments to tackle… in fact, I wrote a two-part article about this very subject over a year ago. I issued the 100,000 BTC challenge to the mega-whales , which, of course, remains unanswered. Surprise! :D
https://www.publish0x.com/web-30-and-cryptocurrency-insights/the-100000-btc-challenge-part-1-by-tigerius-von-torum-xoojzjd

My views have evolved somewhat, with so many layers of crypto knowledge added, but their roots remain the same. Indeed, the only path to true adoption remains decentralisation. And DEcentralisation, a.k.a. mass adoption stems from utility and trust--NOT hoarding and concentration/centralisation of wealth.
The other ingredient is sincere cooperation between Crypto projects. Crypto projects can't make meaningful progress if they waste time and energy fighting, back-stabbing and undermining one another. By cooperation, I do NOT mean the sneaky, parasitic vampire attacks we witness today, but genuine, ethical and mutually-beneficial cooperation. More like chambers of commerce, where businesses engage openly and in good faith for the common good. 

But I digress... Back to Crypto mass adoption. It is understandable that the priority for retail investors, i.e., all of us, tiny ‘crustaceans’ is to HODLBTC, become illustrious WHOLEcoiners and then borrow against our savings. The problem is that large institutional players also tend to adopt this same myopic outlook, rather than step back and invest in a grand strategy to usher in mass adoption of crypto and oust the replete bankster parasites who are gorging on the lifeblood of the civilised world—its economy.

CZ said: “If you can’t HOLD you won’t be rich.” But for institutions the wiser path of greater returns is not only to only hold, but ALSO to spend/invest some 5% of their holdings into future opportunities such as opening up new markets. If they usher in mass adoption and cut out the governmental and TradFi parasites, that 5% will grow into 1000% ten-fifteen years down the road.

To you and me, giving away Bitcoin is, perhaps, at best akin to charity. But institutions, such as Tesla or Microstrategy, should view giveaways through the prism of investment in future opportunities. A promotional or lobbying action also costs a fortune, but in this case rather than lobby some corrupt politicians with a 4-year shelf-life… this would be a mass-liberation on an industrial, national AND GENERATIONAL scale! Imagine the brand loyalty that could be harnessed... THIS is how they could end world hunger, terminate illiteracy and save the unbanked from being cornered and squeezed by the tyrannical bankster mob.



I would like to reiterate that I am NOT suggesting that WE, the retail investors should spend BTC for mass adoption. No, our strategy was/is/will be to

However, if the big institutions (e.g., Grayscale) and exchanges (Binance & Co) wish to see the mass adoption of BTC (not XRP, XML, ALGO, HBar, ADA or some other alt), then THEY need to do something to decentralise and make it accessible to more people.
If they don't take steps to incentivise other nations to follow El Salvador's footsteps, BTC's dominance will continue dropping and it is they who will lose the most.
Transitioning to the BTC standard would NOT mean always buying stuff in shops using BTC, any more than transitioning to a gold standard means that we all run around with pouches full of physical gold like in the 10th century... No. But millions of people need to be exposed to BTC and convinced to HODL their pensions and rainy-day funds in Satoshis. THAT would be global mass adoption = complete trust in a fully decentralised system and trustless/permissionless transactions! Either way, the blockchain tech is here to stay, come what may!

BTC is a store of value, it’s not really ‘money’, as most people who receive it, prefer to sit on it and wait for the value to go up against fiat, rather than spend or convert it right away. I used to think that if Michael Saylor and his avaricious ilk hoarded 10-50% of all BTC in existence, the system would be doomed to collapse on itself, as people would lose trust in it and elect to use a different SOV. However, I now understand that this scenario is more likely to apply to PoS Cryptos with a finite supply (so ADA would be much more susceptible than ETH or DOT).
Furthermore, I’ve come to realise that we don’t really care about the mass adoption of Bitcoin per se. BTC is, by far, not the only game in town. Store-of-value may be an important niche, but it only scratches the surface of what’s possible with blockchain tech.
Privacy and our Digital Identities are much more important aspects, as are DeFi, Metaverse/P2E, Oracles, Asset Tokenisation and so much more innovation that is far beyond the scope of BTC.
Thus, imo, 10 years from now BTC will still be at the top of the conversation, but barring any revolutionary upgrades, it will be nowhere near as dominant as it is today. I expect under 25% dominance, all things being equal.

So... would we really care if Saylor man cornered the gold market? Nope. Not one bit in fact. I don’t own any gold and am just fine. I don't miss it. The same will, eventually, apply to BTC. Those who bought 5-10 years ago might still hold... For the rest of us there will be more lucrative plays.
Yes, BTC will be centralised by institutions, but it’s not vital for blockchain tech to exist. It’s an SOV and the true OG of the Crypto world. It will always be relevant and respected, but it is not vital. What we really need is mass adoption of CRYPTO and the blockchain tech. I.e., the right to claw back our financial sovereignty from our vampiric, nanny governments and the right to privacy and self-custody of our assets, i.e., self-determination of our fates. To end corruption and governmental overreach, we NEED a separation of state and currency. Bitcoin is our banner, but we CAN fight without it too.

I still maintain that the only way to save Bitcoin and the Crypto industry is a horizontal hierarchy and complete decentralisation, so that those seeking to gain an unfair advantage would be unable to mobilise/corrupt any 'key individuals' and seize control to rule over the majority. But as I have shown, even if Saylor and his pals control 90% of all BTC, there is little they can do with it without rendering their holdings worthless, which is exactly what over-centralisation would do. BTC's essential value is inalienably tied to it being the most decentralised cryptocurrency. Take that away and you have dust. Indeed, it is not we, but THEY who should be scared. For it is THEY who need and crave the mass adoption of BTC. We need the mass adoption of the blockchain!

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UPDATE: Jan 09 2023:
This article won FIRST place and I was awarded a Satoshi's Blessing, the ultimate Torum Gift, worth 1,000XTM!

THANK YOU, #TeamTorum!
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Mass adoption solution from Part 2 of my last year's article:
“Calling all Bitcoin whales, you are whaling wrong! Here is a challenge worthy of your bloated wallets: create an anti-IMF. Pool together a fund of just 100,000 BTC and donate… NOT LOAN, i.e., no strings attached, 2,500 BTC/country, to the next 40 countries with populations north of 2 million inhabitants, to adopt BTC as their national currency.

All the nation would have to do is pass the required laws, purchase 1,000 BTC and follow El Salvador’s model, as well as airdrop (fairly distribute) at least 50% of the 2,500 BTC you donate to the general population—beginning with non-governmental workers.

At the time of writing, the intrepid nation of El Salvador owns around 1,500 BTC. That’s a nation of nearly 7,000,000 people. For perspective, Microstrategy holds 122,478 BTC in its coffers, as of Dec. 08 2021.
Given that back in the day, the greatest Bitcoin maximalist to ever walk the face of this Earth, Max Keiser a.k.a. Scarceface, gifted a friend 10,000 BTC, (which, the said chap, subsequently, proceeded to lose on a sinking vessel: news.bitcoin.com/alex-jones-lost-laptop-10000-bitcoins)… A fund of 100,000 BTC should not even put a dent in the collective hoard of the top 100 BTC wallets. I am positive that no BTC has EVER been spent on a worthier cause than the 100,000 BTC proposed here.
It’s quite easy to forecast Michael Saylor’s answer, but what about the rest of you? You want mass adoption to happen within the coming 10 years? It’s yours, take it.


“I don’t think you should ever give up any Bitcoin.”
—Michael Saylor, Invest Answers interview October, 22nd 2021

Cursed are the institutional whale HODLERS, for their greed will cost Bitcoin the world!
Enough blustering interviews and ‘visionary’ tweets, while hoarding ridiculous piles of wealth. IF Bitcoin truly has fixed YOU, then put your mouths where your Bitcoin is, chaps and truly fix the world. You have the power, but not the excuses. Do or do not--there is no 'try'.
Checkmate!”


#TorumDiary #HappyBirthdayBitcoin