Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
We should absolutely avoid the danger of instilling into Bitcoin users some kind of belief that they have a right to free transactions.
This post is full of misguided assumptions.
It should come as a rational observation considering the shortcomings you have pointed out that there exist absolutely no incentive to purchase bitcoins to make purchases.
As is yours. Making the assumption that bitcoin was never intended to be a transaction system is probably the biggest assumption of them all.
Were do I mention that Bitcoin is not intended for transactions?
I see. Maybe that came off wrong but that wasn't my point. The point being it makes little sense for the average consumer to have to jump through all the hoops of buying bitcoins just to make a purchase. Now don't get me wrong it might serve some niche use cases but this is simply not something you can sell to mainstream consumers, even if they can make 100000000000000 transactions for free.
Technology changes, systems change. Today you are right, nobody (I know) ever buys bitcoin for purchases because of simplicity or tangible rewards. However, that may not always be the case.
What bothers me about this debate is you have two sides, but only one side wants to declare now what Bitcoin's future should be, the other treats bitcoin more like infrastructure and is willing to support ANY future or features that may come on top of that infrastructure.