Aside from reasons related to drugs or child pr0nz or wild speculation (profitable and easy trading of a volatile asset), who is using BTC? Mostly people who already own bitcoin for these purposes.

Why should the average Joe buy bitcoin and use it as a currency, if he is not interested in the use cases I just mentioned?
I mean, why are you here? Why do you own bitcoin? For speculative purposes amirite?
Me too tbh, to trade it.
Now why should the average Joe give two shits about all that?

-as a store of value? bitcoin is a shitty store of value, you said it yourself in a post recently. And 2014 clearly shows it (a whole year of terror if you hodled like a fool).

-because no fees? Volatility can fuck that over real good, so no point in saving 1-3% when you can lose 10-30% in a few days. You might argue that over time (IF bitcoin succeeds) volatility will gradually decrease. While I have doubts about that, in the long run bitcoin transaction fees will be higher anyway. I guess you know that miners “need to be paid” in order for bitcoin and the blockchain to exist, whether thanks to ridiculous inflation, or transaction fees. The blockchain is not gratis.
Peter Todd said it himself: “regarding fee economics, we’re fucked”.


So why should the average Joe put up with bitcoin’s volatility and the possibility of having his funds easily stolen (if he has to move his money around, you can’t just keep it in cold storage forever you know) and no consumer protection?
Why?


For musical chairs-ponzi speculative purposes or drugs or child pr0nz, that’s why. But guess what, not enough people care about that to justify a high BTC price.


The masterplan for bitcoin’s world adoption and earth domination might not work out as expected I’m afraid…