[Paul T]

Originally Posted by cockerpunk

no one is adopting it.

there is no value proposition.

i first encountered bitcoin on the deep-web in about 2010, when it was about 17 dollars a coin. it was scam then, its still a scam. it was used to sell drugs on the internet. like if your not selling drugs on the internet, it does nothing for you.

I agree, no one is adopting it, they are just trading it. It's been around for how long now and it's not even close to being relevant as a means of paying for goods and services. It's a purely speculative play traded amongst the same folks more or less. Institutional investment does not give it any credence IMO because those guys will chase ANYTHING that has the potential to make $$, regardless of real world utility. I read the other day that something like 15-20% of the fixed supply of BTC is gone forever - just *poof* evaporated, never to come back. If you accidentally sent Bitcoin to a dead address those coins are gone forever. You can NEVER get them back, they cease to exist. Imagine inheriting some Ford stock from your Uncle or something only to be told you can never have it because you lost the secret password. That's pretty much crypto and why, at least IMO, it will never reach widespread acceptance. Hell, half of the county is afraid to invest in the stock market? You think they'll embrace something where misplacing a passcode means their "asset" is lost forever? Have fun trading it, but this will never, ever become a true currency adopted by the masses.