Quote from: darkangel11 on January 12, 2018, 09:00:40 PM

Quote from: derago21 on January 12, 2018, 08:46:00 PM

yes it is, because many companies started accepting BTC and one example is KFC Canada.

Wow, you can buy processed chicken for BTC, how does that change anything or prove it's the currency of the future? How many people do you think will pay a fee of $10 to buy food worth $5?

Quote from: danggoron on January 12, 2018, 07:10:03 PM

Bitcoin is not suitable for use as a micro-payment due to the problem of expensive transaction fees and the confirmation time is quite long. If this mass can be resolved, then bitcoin can be a very effective payment alternative.

That's true. All we're doing here is speculating on whether it can be upgraded and fully accepted around the world. It's not that hard to make the fees lower and transactions faster. Unfortunately it requires miners to "vote" and this is a huge problem. I'm investing with a hope that we can one day reach a consensus and upgrade the network. If not my money will go down the drain.

Well, if you buy KFC for large parties of 2500 people and pay $5000, a $10 fee wouldn't really matter, would it?
Though, I must agree with you. In its current condition, Bitcoin is very incapable of doing what it's made for. It's not anonymous, not a good payment system, not very decentralized, as most of the Bitcoins are "Made in China" nowadays.
Even if we "upgrade" Bitcoin, which isn't a very easy thing to do, I doubt it would make it as good as its competitors.

I feel like we should just all switch to an other good crypto, which is actually capable of taking over the world.