Post
Topic
Board Speculation
Re: The adoption boom is coming
by
buwaytress
on 29/11/2016, 04:32:45 UTC
Eh, I'll believe it when I see it.  I do think something along these lines is coming, but none of us knows when or to what extent adoption is going to rise.  Having hope and really bullish thoughts doesn't really help anyone, and that sort of thing can be detrimental to your wallet.

People need a real reason to use bitcoin over fiat, and so far I haven't seen really compelling reasons.  That's heresy, I know, but to me bitcoin works much better as an investment tool and store of value than as a currency to be adopted for spending.  But we'll see.

But without real utility, why is it a good investment and store of value? without a reason to use it, why does it have any value at all?

This is exactly the question to put forward when prediction of increased adoption is suggested.

The simple "here and now" benefits of crypto that would spur adoption are the low fees and anonymity. The fees are climbing and exchangers nullify anonymity.

And there is no real utility. All utilisation now is created and not meeting existing needs.

Change that and adoption will spiral out of control=)