Bitcoin is the ONLY project that matters

Salty.

>WHY we need Bitcoin
>proceeds to list propaganda written by corecuck mouthpieces ie. greek faggot who had to beg for coins

Another point I want to make is that Bitcoin will succeed regardless of your position towards it. While it is a software manifestation of a certain economic/political viewpoint (Austrian school of economics and the concept of sound money), it does not need a political agitation. It is the hardest money humanity has ever seen and ecenomic reality will impose bitcoin on population whether they want it or not. This is greatly illustrated in The Bitcoin Standard where half of the book is about the origin and history of money.

So the reason I am making this thread is not in hopes of neets purchasing a couple grands worth of bitcoin (as if it had any influence on market with 5 billion daily volume) but to offer at least some value to the unsuspecting poor souls comming to this place for information about crypto.

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Too bad Bitcoin will never be $10k again

why do you think a lot of these chink scams and shit coins trade with BTC?

So they can sell the bitcoin you gave them.

Nice try schlomo. Bitcoin is doomed.

become my mentor plz

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Can I take a pee standing up without your guidance in this rational market? The bottom line is that Bitcoin is extremely fucking boring and that's what makes it a great financial opportunity. If people can't be bothered to research the leading asset in a market that's not the fault of paid shills dude, that's just retards being retards. There may be discords punting microcaps but they're not in employment dude. The shitcoin game is more fun and more challenging and everyone enjoys that excitement. What people are shilling are their own bags and there are two modes.

I own it, it's a 100% guaranteed winner. If something bad happens to it, it's actually good
I don't own it, because it's a scam. If something good happens it's just a trap for normies

Owning BTC or any crypto is a very arrogant statement towards the current financial system. Believe a little bit in people and their instincts because people here have NEVER been much smarter than reddit.

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people are selfish cancer if we wherent the world would have been a better place. Beliving is what woman says

whether people believe it or not, it's undeniable that for any other altcoin to ever get to the point where it's treated as serious money, and can therefore carry large non-speculative value, bitcoin must be out of the picture first.

the question is what happens if bitcoin ever does get out of the picture? can the illusion of value/scarcity carry over to one alt of hundreds of others? something that will inevitably also be "dethroned" at some point in the future just as it did to bitcoin?

this is an entirely new scenario that's never played out before ever, nobody has any idea what's going to happen, but i'd rather tale the bet on bitcoin than try to pick one out of a hundred alts, that keep fighting each other for the best "tech".

Exactly. The moment Bitcoin is displaced by another crypto as the #1 is the moment crypto has lost all credibility as a reliable Store of Value. This is why people contributing to the Bitcoin protocol development treat it as the most important project of this century and emphasize the Store of Value property as the necessary pre-cursor to other functions of money - Medium of Exchange and Unit of Account.

Luckily the chances of Bitcoin being overtaken are pretty much 0 as explained in the medium.com article 'On Schelling points, network effects and Lindy: Inherent properties of communication'.

the only other valid reason for a high valuation is for security in the case of true proof of stake (not dpos) coins, but that would only work if the network itself offered something more than just being a "value" token or asset.

and i think that whole area lives or dies at this point with ethereum.

Ethereum does not compete with Bitcoin to become a global money. At this point it is dubious whether it even has a reasonable use case apart from spawning shitcoins and whether it can scale.

I think the real bubble of 2017 was Ethereum and the rest of shitcoins, all of which are still grossly overvalued and need to go down another 99%, before we can call the end of bear market. It is possible that one or two projects from current crop of shitcoins will be successful 5-10 years down the road, but good luck picking them from the thousands of scams and even if you get lucky, none of them will come even close to valuation of Bitcoin.

>I think the real bubble of 2017 was Ethereum and the rest of shitcoins, all of which are still grossly overvalued and need to go down another 99%, before we can call the end of bear market. It is possible that one or two projects from current crop of shitcoins will be successful 5-10 years down the road, but good luck picking them from the thousands of scams and even if you get lucky, none of them will come even close to valuation of Bitcoin.

very much this. too many people have been absorbed by the "crypto space" and delude themselfs into thinking, that they just have to pick the "right" project and they will be fine. they won't.

i didnt say it did complete, just that it is the only other network that i can see gaining a necessarily high valuation under proof of stake, if smart contracts ever do break out as bitcoin has already done.

Related:
> An (Institutional) Investor’s Take on Cryptoassets
s3.eu-west-2.amazonaws.com/john-pfeffer/An Investor's Take on Cryptoassets v6.pdf

>Ether bearish Thesis: The Flippening of Market Irrationality
s3.us-east-2.amazonaws.com/tetrascapital/Tetras Capital - Ether (ETH) Bearish Thesis.pdf

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...

So the only reason why any other altcoin can't follow the path on the pic is what?
>muh BTC was first
It's not a good enough reason.
Digital scarcity is DIGITAL. Anyone can make their own coin.
BTC shot itself in the head by choosing the LN path. It will now give a chance for other coins to be THE coin.

Read this article and stop being a desperate deluded bcash bagholder. You will feel liberated, I promise.

'On Schelling points, network effects and Lindy: Inherent properties of communication' medium.com article

?

and thats exactly why the concept of scarcity for "value" altcoins is already a shattered illusion. altcoins are infinite, and what makes altcoins non-infinite are centralized properties.

for any alt to matter it has to gain the social momentum bitcoin has been able to, ethereum made a little jump given so many shittokens and other developers rely on the ethereum network, but thats because they were the first truly different blockchain project, and had something immediate to offer users, not just "blockchain 2.0" so you can infinitely scale your value token nobody wants or accepts.

>I own shitcoins because i was too dumb to get bitcoin for a couple buckos please pump my bags

BTW these are also good analytical articles about the current state of market.

tl;dr stay away from shitcoins, accumulate as much BTC as possible before the next wave of adopters

>normies (which have no money) matter
how dumb you have to be

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No matter how hard you try, lightning network will never work, guaranteed.

Get rid of that tumour while it's still manageable.

I never said BTC won't get a high valuation. I'm saying it's not going to fix anything for common people. There will be no monetary self-sovereignty. There will be no future as described in the white paper.

who wants to be common people anyway?

Get 21 BTC and enjoy local mogul status in 10 years.

Lightning Network is only one of several layer 2 scaling solutions. It's success or failure will not endanger the success of base layer protocol called Bitcoin. Which is the exact point of layered approach.

And as far as I know Lightning Network is shaping up very nicely and will have many amazing applications.

I read it now.
He claims in short that platforms tend monopolize to whatever comes early, is slightly better than competition and is good enough to actually be used.
Firstly I don't think the hardware analogies really apply here since it's a software and you only need to download another wallet to start using other currencies + the methodology is exactly the same: using private keys and QR codes for transactions.
I also don't agree that BTC has some supreme monetary policy that others don't. BCH would only become centralized if it grows too fast. Right now it can handle up to 30x more transactions without centralizing anything.
The better store of value is just because of higher market cap - the price has more inertia. Any other coin will have the same inertia if they're deflationary.
BTCs strategy is like: let's keep using dial-up modems. If you want a faster connection with somebody, just carry a cable to him or hope that one of your friends already did. Also these cables will wear out after transmitting 200 MB of data, so just make a new one.
BTC-s approach just isn't good enough for mass adoption. All these bankers and SEC people and institutions don't understand the technicalities, they just see it as some meme token that nerd use.
You're talking like everybody already uses BTC and it's too late for others. Hardly anyone uses crypto at all nowadays so this clearly not the case.

Dumb piece of shit. Enjoy your future high crime violent revolution powder keg dystopia from your mansion, with your detail of 2 cars with bodyguards to prevent you from being kidnapped like you're in venezuela or brazil.

>the.lightning.land/candy
>youtube.com/watch?v=iUHoJYnP5lA&feature=youtu.be

Imagine being able to do this with micro payments to feed stray animals.

when it gets to global money, the transaction fee will be around $500?

Pic related is you

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you don't have to own cars or mansions. You rent everything from DAO companies. You just have to keep your private keys safe - nobody knows how much money you have so they can't rob you.

>All these bankers and SEC people and institutions don't understand the technicalities, they just see it as some meme token that nerd use.

Yeah man, these idiots just don’t *get it* like we do!

*sips Mountain Dew*

You’re a fucking idiot if you really believe Bitcoin is too complex for highly educated attorneys and bankers to figure out, fucking retard. Classic Jow Forums poster thinking he’s the smartest monkey in the room.

Bch pls! Were you planning to feed mice?

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Thank you, the only reason to buy shitcoins is to sell them higher to retards to get more bitcoins.

They know the current finance world way better that I'll ever do. They won't ever understand tech/programming like I do.

>They won't ever understand tech/programming like I do.

Dude, I worked in a bank as a developer. Let me tell you something : Banks have the best developers in the world. The kind of systems they develop is amazing. But since it's internal to the bank it is less visible than open soucre projects.

Also they only 'respect' BTC specificly because the market does.
The current market is 95% speculation where BTC only stays on an exchange and no blockchain transactions are actually done. So the market doesn't really know the technical limitations of BTC yet.

It will be much higher than equivalent of todays 500 usd on the base layer (blockchain) as the fees have to substitute the current inflationary incentive for miners. This is the exact reason why Bcash will sooner or later raise the coin cap, if it doesn't die long before that.
Individuals will be using second and third layer solutions, some trustless like Lightning Network and some trusted like Bitcoin backed banks (equivalent of 19th century gold standard).

Your misconception is that Bitcoin is just some app for making payments and that users can just switch to whatever they fancy. Bitcoin is a permissionless sound money protocol for communicating value globally and trustlessly.
Protocols do converge into one - which is the reason why we are communicating in English despite me not being native speaker. Also let me know when tcp/ip and https will be overtaken, its just a software afterall.
Millions of people are actually USING Bitcoin everyday to store value, something that bcashers have problem comprehending. Bcash cannot be a store of value as it schizophrenically mixes keynesian horseshit with the concept of sound money ("Its method of payment!" "We need vendors to accept it" "Fees have to be low, so I can purchase cofee"). The several hardforks bcash went through are solid evidence that it is centralized and that they will have 0 problems rasing the 21 million cap to keep miners incentive.

>Banks have the best developers in the world.
I do believe you.
But would you say that the following claim is legit?
>The people in charge of institutions and banks listen carefully to the advice of their best developers and have concluded that BTC with LN is the most technologically advanced/mature solution is is thus the only viable potential global currency.
I still think their guess is as good as mine or yours.

>Bitcoin is a permissionless sound money protocol for communicating value globally and trustlessly.
Any other crypto can still be that
>Also let me know when tcp/ip and https will be overtaken
it was good enough, BTC is not
>Millions of people are actually USING Bitcoin everyday to store value
Only maybe people in Ukraine/Venezuela/Turkey is it for that because their own currency sucks. Nobody else does, it's too soon for that right now. Also they're still mining it so there's no advatantage compared to other inflationary currencies

no, i'm talking like any possible social accumulation around altcoins will have to overcome equal or higher social accumulation by bitcoin.

and again, if you're argument is that some altcoins will gain social accumulation faster than bitcoin, then we're back to square one, with alts having to fight for their life against other newer better alts coming out every day, with better tech, more hype, and more speculators.

the alt cycle will never end, and it's only becoming exponentially harder for any altcoin to break out of that tech/hype churn.

>Bch pls!
This is how we know you are a thirdworlder

>Any other crypto can still be that
No it can't, as any kind of flippening will forever destroy the confidence of crypto being a store of value. If it can happen once, it can happen again and therefore it cannot ever happen, otherwise the whole crypto thing is done.
>it was good enough, BTC is not
That is your uneducated opinion. You can stand by it get rekt by the market, I don't really care.
>Only maybe people in Ukraine/Venezuela/Turkey
Even the best fiat currencies suck at keeping value compared to Bitcoin for obvious reasons. Once again, you can stand by your dumb opinion and store your value in fiat. It will workout great for sure!

While your point is true, my experience tells me that the altcoin market is 96 percent speculation where alts only stay on an exchange and no blockchain transactions are actually done. So the market doesn't really know the technical limitations of the various competitors yet, either.

I believe this helps cause the market to be out of touch with its own products from time to time

I do agree that there will always be better technology, but at some point it will be good enough and people won't care about the improvements.
I'm just very doubtful that BTC and LN will be good enough.

We? Bitcoin was meant to bring economic freedom to thirdworlders.
Its seriously fucked up when people are defending (((elite))) and claim to be bitcoin maximalists...

Pic related is you

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> user are you sneak FUD’ing? Bch IS bitcoin
Roger Ver, Jihan Wu, Calvin Ayre, The 8btc mod (19hZx234vNtLazfx5J2bxHsiWEmeYE8a7k), Jiang Zhouer, the bitcoin.com cofounder, the Coinbase founder - all BILLIONAIRES who can complete the flippening with their own cash TODAY.
They're not doing so because they'd rather invest in BCH adoption. BCH adoption is skyrocketing while btc adoption is dropping.
In a few years both St Kitts and Antigua will use BCH as their main currency (Roger is working on St Kitts, Calvin is investing in Antigua more money than their GDP exclusively because of BCH adoption), Craig Wright will increase transaction counts by circumventing corrupt governments in Africa for money transfers (this one is not certain but very possible considering his funding), Roger is speaking to VIP-s every other day, including Japanese bank CEO-s, stock exchange owners, etc. Brian Armstrong will push BCH and shit on BTC subtly every chance he gets, bitcoin.com wallet is the most popular mobile wallet and it literally shits on BTC, propaganda/censorship effects are fading, Purse just added BCH meaning that normies can use it to get 20% discounts on amazon, Koreans love BCH and they seem to matter at least as much as Americans and significantly more than eurofags, miners are looking for ways to destroy BTC in the next few years otherwise their profits will crumble, LN is proving more and more of a failure every single day, Wright will patent-troll startups into moving into BCH, tipping on github is now possible with bch, smart contracts are coming in November, stress tests are a massive success, charities are popularizing BCH in struggling countries (Venezuela today, others will join in if trouble arises), Free Society project is progressing well, Circle is adding BCH next few weeks, Ayre who became a billionaire from gambling is going to create BCH-only online casinos

>BCH would only become centralized if it grows too fast.
>what are spam attacks

Can't wait for your shitcoin to be cluttered in september.

BTC+LN is way better than anything third worlders could dream of.

>Dumb piece of shit.
That's you. We already live in such world. Just replace off-shore stuff with BTC. All they rich want is to preserve their wealth from getting cucked within the next Panama Papers leak.
You either join them or you get cucked.

>Ethereum does not compete with Bitcoin to become a global money
t. delusional bitcoin bagholder
ethereum flipped bitcoin on everything except pure speculative interest, while being technically superior in every possible aspect

Ark is going to export and offer its DPOS consensus mechanism to its forks and anything else. Its the most decentralized and lean consensus mechanism and not possible unless bribing (extremely costly and near impossible) the 51% of the voted delegates upon which the corrupted delegated can be quickly voted out and the network forging properly and everything reducing to normal (minutes-hours).

How could you use bcash as your main currency when it takes 10 minutes to send.

>Digital scarcity is DIGITAL. Anyone can make their own coin.
They can’t taking the hashing power with them. A lot of people don’t understand this yet it’s 2018.

It’s instant, brainlet. 0-conf

???

No one talked about the decentralized oracle solution. Gulp

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lol

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imagine

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how is Bitcoin ever gonna be a medium of exchange and global currency when its unusable as p2p cash? I hold mostly BTC but lets face it, the bankers bought it and its never gonna be used as money. best case is they'll use it to build an entire new monetary system on it (aka LN) and trade IOUs. then sooner or later they will decouple those "paper BTC" from BTC altgoether, like it has happened with gold over and over in the course of history.

because (((their plan))) is to introduce liquid tokens on the sidechains that act as a promissory note. how is this not obvious? "bitcoin is a store of value?"

>he doesn't know about the citadels

>will decouple those "paper BTC" from BTC altgoether
you cant, that's the whole point

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of course you can they did the same with gold you mong

my post went over your head it seems.

>inb4 that's not a problem because I use myetherewallet
I swear ethereumtards are mentally retarded

if they use the lightning network they won't be able to.
Lightning is just another transport mechanism for bitcoin transactions. These transactions have to be valid for them to be accepted.
Lightning is not going to be the cause of the banking system because you cannot issue credit, you can only transport bitcoins. If there is ever a layer 3, in which you can transfer credit, then that layer will be the banking system.

>If there is ever a layer 3, in which you can transfer credit, then that layer will be the banking system.
oh that layer is coming this is how (((they ))) roll and how theyve done it for thousands of years. they used to shave off edges from gold coins and dilute the gold with lesser metals and then eventually you got worthless paper and no gold whatsoever. oldest trick in the book but the goyim keep falling for it

>digital asset that can be easily transfered from anywhere to anywhere within one hour will become just as centralized as a physical asset, that is super expensive to store, guard and transport

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I don't doubt it. We must be vigilant for that layer. However, we must keep in mind lightning is not that layer. Lightning is a positive innovation. It is absolutely needed to reduce the number of on chain transactions. If we can build lightning out successfully, as in have each shop run a lightning node, etc., we might be able to rebuild out society so we can't issue credit. Credit cards, and other debt slavery devices will not be available to the general populous.

you still dont get it, do you? it doesnt matter one bit if its gold or BTC, they will simply come up with some bullshit reason. at one point in time when the entire financial system runs on BTC as reserve they will simply be like "oy vey we have this paper BTC and it works really well. but this outdated real BTC thing, oy vey goyim, it takes a lot of electricity, it needs all these computahs. think about the environment goym. how about we just get rid off it altogether and just trade paper BTC, its much more convenient." and retards like you will fall for it as they always have. this cycle has literally been playing out since thousands of years. they are already pretesting bullshit (((narratives))) like "btc creates climate change" if you havent noticedd. and thanks to (((blockstream))) and their bullshit block size limit transfers will be so ridiculously expensive that nobody can afford to send real BTC anymore. if you werent such a newfag maybe you remember what happened with tx costs during the last bullrun. btw you should google dunning kruger, you are embarrassing yourself trying to make fun of posts you obviously dont understand.

>We must be vigilant for that layer
just like we should've been vigilant when the fucking rothschilds bought out blockstream and decided to irreversible alter the code with (((segwit))) and take transactions offchain eh? the damage is already done dude. its always baby steps and people are too retarded to notice. LN effectively destroyed the original idea of BTC as a p2p decentralized cash.

You are delusional.
Bitcoin will never reach widespread use because the UX is dogshit which makes it hard to use by both normies and merchants.

You are just trying to reassure yourself because you are realizing altcoins are booming everywhere developing fast and coming with new solutions for user experience and scalability while Blockstream is going at snail pace and selling you promises that maybe one day (in few years) it will actually not be slow as shit, of course it doesn't tackle the fact it's still too hard to use for normies.

Bitcoin maximalists are terrified to be the Myspace of a coming Facebook, reminder that Teamspeak lost to Discord, direct current lost to alternative current and steam engine to combustion engine.
It's not enough to be decentralized (arguable for Bitcoin) and secure, you have to be usable by the plebs and Bitcoin is a mess when it comes to that.

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That's why core cuck maximalist want layer 2. Because layer 1 is incomprehensible to most normies who do not know (nor want to know) what the fuck a block is.
Core cucks are scared of tier 3 and 4 chains coming online that not only capture more use cases, but also have no fees and instant transactions. The two things required for normies to use without understanding

Except bitcoin was created precisely to deal with this scenario. There are hundreds of BTC whales who will never give up their private keys and the moment someone tries fractional reserve fuckery with Bitcoin, these whales will perform speculative attacks on the paper currencies. And at that point the fractional reserve banks are fucked because there is no lender of last resort to provide liquidity (aka central bank).

It's funny how Dunning Kruger is always name dropped by the living examples themselves. Additionally its not suprising that conspiracy theorist using ((())) is also a bcash idiot.

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>Conspiracy theorist using ((()))

Are you retarded?

all segwit does is move the signatures into a seperate data structure, called the witness. They're still there, and their hash is included in the blockspace, (I believe in the coinbase of a transaction if I'm not mistaken). The reason why we needed it was to fix transaction malleability (where bitcoin transactions can be modified and rebroadcasted by a malicious actor).

There's nothing wrong with taking transactions off-chain, so long as they are valid bitcoin transactions. There is no difference between a lightning transaction and a bitcoin transaction. They are the same. They are both equally as valid. The difference between them is distinguished by who actually actually is receiving and validating the transaction. On chain transactions are validated by the whole world (which is obviously more resource intensive), and off chain are validated by the party you are transacting with.

You can open a lightning channel with any party you wish. It is still p2p, its just another way of transacting.

i still won't touch it ever.
all it took was one hard fork for the wrong reasons to put it to shitcoin category for all eternity.

>and again, if you're argument is that some altcoins will gain social accumulation faster than bitcoin, then we're back to square one, with alts having to fight for their life against other newer better alts coming out every day, with better tech, more hype, and more speculators.

But that relies on the false premise that Bitcoin works fine as a payment protocol so that there is only space for marginal improvement which aren't worth the hassle, protip: it's not the case.

In all technologies at some point you hit a plateau, a good example are transport planes which base design didn't change that much in 70 years after a technological boom between the beginning of WW1 and the end of WW2. Bitcoin right now is the fucking Wright Flyer, not the Boeing 707.

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that logic just doesn't follow, because if the tech ever gets "good enough" then it's not going to only be one alt that has "good enough" tech, it's going to be tens, maybe even hundreds.

and tech is literally the least important part of making a cryptocurrency money. look at bitcoin, arguably the largest protocol in cryptocurrency with the least number of significant changes in the past few years, and yet it's good enough to stay well ahead of everything else.

tech doesn't drive the valuations, it's the other way around. become valuable, used, cared about, and everyone will work their asses off to make sure it can scale, stay secure, and usable.

it's already been thoroughly explained why ethereum can't just become bitcoin, or a better store of value. ethereum's valuation has to be down to its utility, and the dependance of monetary value controlled by that utility. anything less is speculative, and not sustainable in the long term.

dpos is a failed system, developed by people too eager to move away from proof of work, without understanding how to make an equally secure and decentralized consensus mechanism. ark is yet another failed altcoin.

zero-conf is just as usable on bitcoin as any bitcoin copy+paste/fork. i.e., entirely unusable, because the tx pool is not part of the consensus and miners a couple of years after bitcoin was created, decided that they would modify their tx selection by fee, not time.

using the archive node size is meaningless because nobody needs all the past states of the ethereum blockchain to validate it back to genesis. ethereum is capable of much more granular pruning and in the future deletion of past data that the at rest size of the blockchain is the least of ethereum's scaling concern.

ironic considering you don't even understand the issue you replied to.

i dont think you really understand what you're typing. the miners are the ones so terrified of any layered solution that they went and forked bitcoin just so they could hope no layered solution would be necessary, of course that didn't work out.

your hypothetical layer 3 and 4 are exactly what people want to see, because they all cement bitcoin as being a "global" currency. nobody that supports bitcoin other than the mining middlemen are against layering. it was a talking point ever since bitcoin was created.

if anything is going to cause long term problems for ethereum, to the point where adoption is impossible, it's definitely the dao bailout

no, it relies on the assumption that adoption follows tech, which just isn't the case for 99.9% of altcoins out there, and 100% for any alt that doesn't do anything other than "payments".

the developers, whether contributing to the blockchain client itself, or layers built on top, or just tertiary services, exchanges, wallets, merchants, all follow the crowd, and teh crowd doesn't follow tech, it all follows itself.

yea obviously

First post, worst post

Just buy the dips dummy

Whenever the price inflates suddenly don't freak out and start panic trading. Just keep calm, and buy the dips each time.

The bigger the dip, the more money you should be putting down.

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>I also don't agree that BTC has some supreme monetary policy that others don't
10 years of not being hacked Sweetie.
Good luck catching up with that.

>op deliberately avoids mentioning eth
you can feel the sweatdrops from here
yes, yes, for you it's a shitcoin
just another shitcoin, right?
just another shitcoin, in no way different, and certainly not a threat
bitcoin will prevail!
:)

>every ethereum user should run an archive node else it's not decentralized
>but it's ok for asic megacorps mostly located in china to own 90% of btc hashpower, and to trust LN operators for your transactions

>the developers, whether contributing to the blockchain client itself, or layers built on top, or just tertiary services, exchanges, wallets, merchants, all follow the crowd, and teh crowd doesn't follow tech, it all follows itself.

And the crowd bought Bitcoin it went up and dropped it like a sack of shit just after the trend stopped.
Why? Because it's crappy, it doesn't work as intended: a way to transfer value and a payment protocol.
Bitcoin adoption has made no progress, in fact it has been severely hampered by the high fees and for the few normies who did more than buying some coins on Coinbase (ie: actually tried to use it) saw it was complicated, slow and with crazy cost.

I don't own any BCH but I can totally understand why Ver went his own way after shilling for years for Bitcoin when Blockstream refused to up the blocksize because in the process they sabotaged a golden occasion to convert normies when they finally got their attention (something that will not come back anytime soon), in fact iff BTC was usable and accessible we would maybe still be in a bull market right now because it would be unstoppable until the government and banks decided to go full militarized action against it by attacking the network and the market.

Now it's done for, Bitcoin will always retain this image of "not ready" prototype that is fundametntally too flawed to handle what it was created for, not only that but they are tens of thousand of developpers out there who observed the failure, formulated potential solutions and are all coming with their own stuff while Bitcoin is suffering from an enormous inertia.