I think the idea of “hodl” bitcoin wasn’t there. One thing that changed in my perspective is that bitcoin transactions were always destined to be more expensive than I had dreamed. In my mind, I thought transactions would be fast and free of cost. In reality, there are reportedly fewer than ten thousand full nodes.

Everyone thinks of bitcoin in terms of “how many USD is it?” I don’t know what the solution is but as long as we think of bitcoin as a perverted asset like housing - apparently people once again believe we will not allow housing prices to fall to any significant degree - there is no reason to use bitcoin as a currency. With so much speculation, the price is too volatile.

I don’t know what the solution is but I believe transaction costs should be minimal if not zero. I don’t know how we will achieve this but apparently there are other projects that try to get much closer to zero transaction fees. I think that is the future