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Originally Posted by ShopCat
No offense, but I feel like this sentiment is extremely out of touch. I'm not saying Bitcoin will end up the currency of the future, but there are MANY places you can spend it directly if you wish, and many more places that are accepting things like flexa which allows you to pay with crypto currency through an app. I know people who have been spending it on legitimate items for 7+ years. I agree Bitcoin itself probably wont be the one, unless the devs work out the issues, fees have already been cut significantly with native segwit, but the real issue is transaction limit is currently 400,000 per day. That is a problem some other coins have solved though.
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You said you disagreed with me, but then you reiterated my entire point about Bitcoin. Anecdotal evidence is fun to hear about (example: "my friends use Bitcoin all the time"), but the current facts just don't support it.
https://economictimes.indiatimes.com/markets/stocks/news/what-can-you-actually-buy-with-bitcoin/articleshow/80830177.cms?from=mdr
I'm happy to listen if anyone wants to post links of people using Bitcoin to buy things at McDonalds or even Best Buy. Right now, the data seems to point to it's use in illicit trade and also people just buying it as a storehouse for wealth.
Quote:
Originally Posted by ShopCat
Also, the gold analogy is the whole idea behind the halving and mining, some of the original devs first published ideas about a "bit gold" before Bitcoin ever came along. Maybe Bitcoin as the original and most recognizable crypto doesnt become the actual digital currency, but the digital gold standard.
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I think there's been almost unanimous agreement on this thread (very unusual) that Bitcoin is an excellent first version of the technology, but not terribly practical for too much of anything (except for gambling on how high it will eventually go).
-Wayne