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• Bitcoin gave us a unique opportunity to think about things on a truly global, decentralized scale.
• Most humans have some form of bias based on their geography and direct use case. Americans and Europeans (on the whole) are not bothered enough about debasement and payment frictions to care about crypto.
• Bitcoin has found a more captive audience as a store of value and medium of exchange in countries with rampant inflation and capital controls. Think Venezuela, Turkey, etc. It is the ultimate form of currency that is independent of governments and institutions.
• Emerging markets set the trend and developed markets follow. This is the reverse adoption curve for almost all existing products. As someone with experience developing global products it is still counterintuitive to establish PMF in small developing markets.
• Stablecoins (I hope running on Bitcoin rails) are the first large (yet boring) use case that could be truly global in adoption. Most users care about being 24/7, fast and inexpensive more than they do about immutability, decentralization and security.
• The more developed a market the more this is true.
• Product builders need to make the case for the real benefits of blockchain technology (or not).

Personally, I care about the philosophy of Bitcoin, but there will be periods where getting a product into as many hands as possible is more important 📈