Means nothing to me. I mean, I get it, but it's not why I bitcoin.
I don't know if that's really what would convert normies. I mean, how many of us understand how a card really works at the store? We can guess parts, but most people don't need to know "what's going on under the hood" to know that it's easier to use a card linked to our bank account than to get cash for each transaction.
Thatβs not really what this means though.
The difficulty adjustment isnt an orangepill, but it appears to be a threshold where no critics can cross without first understanding Bitcoin which then stops them from being critics.
Ah I see. It's coming from the perspective of someone who understands the difficulty adjustment. And that none of those people who have gotten to that point would then also think bitc is worthless. Cause they clearly just know too much to not swe the value.
At first I thought you were asking why people needed to understand the difficulty adjustment in order to under the value of bitcoin. Oops.
Scarcity.
When gold gets more expensive, more people mine gold.
When Bitcoin becomes more expensive, there is still the same amount of new coins.
Paradigm shift.
People go where there is value and most of the time value comes when there is scarcity so no one not even one single person who understands difficulty adjustment can say that Bitcoin is worthless