Is Bitcoin Useless?
Forts says "Imagine spending 8k on an unusable product".
Here are my thoughts!
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▶️ 3Speak
Bitcoin must get faster so that it can be used like a debit/credit card when purchasing in stores like in starbucks for example.
That's kinda like saying cars need to start flying because then we'll have flying cars,
without taking into consideration all the trade-offs that need to be made to make that happen.
Personally, I don't want a vehicle that gets 1 mile to the gallon.
Have to agree with Edicted. But thank you for sharing your perspective!
Well, here's the thing, Bitcoin was likely meant to still be in the bear market somewhere around $3000 or so, but suddenly it went bullish all by itself, leaving everything in the dust.
This was odd to quite a few people that had reconized that it went bullish much faster than would be expected. Eventually, people began to figure out the source of this bull market was none other than a ponzi called Plus Token.
Well, now that ponzi has a lot of the network's bitcoins and has been dumping some of them, hurting the price. Ponzis come and go, but this particular ponzi got an enormous amount of the bitcoins. I think it is unrealistic to believe Bitcoin is going to perform well for quite some time due to the massive dumping that is inevitably coming.
It’s a store off value for me at the moment. Thanks mike
The best store of value, in my opinion :)
Gold stores value.
Bitcoin generates it.
@tipu curate
Upvoted 👌 (Mana: 0/3)
Bitcoin will be very useful at the right time.
I can’t use physical gold but I want it lol
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No
Great response to a dumb comment about BTC being useless - great store of value, currently slow and expensive means of purchase
Yes! Great SOV, poor MOE (for now, hopefully not forever)
The question itself is flawed and subject to unit bias.
Not only is the idea that we have to own a full coin ridiculous,
but it leads people so say even more ridiculous things like:
Just bought $1's worth of Bitcoin on Coinbase...
That's 11k Satoshi... kk thanks.
I'm obviously preaching to the choir here but simply the fact that Bitcoin can't be counterfeit (financially unviable) makes it an extremely useful product.
Everything else is just icing on the cake.
Amen!
Blockstream destroyed BTC. BCH is better in so many ways. So many better alternatives. Especially private coins like XMR that are actually FUNGIBLE.