Post
Topic
Board Bitcoin Discussion
Re: Why use Bitcoins ?
by
faadhilah
on 14/01/2018, 05:32:53 UTC
Why use Bitcoins ?

I keep seeing threads on “why don't people”? The real question to me is Why would they?

-The average consumer will go way out of their way to save money. Bitcoins cost more.
-The average consumer will usually pay a little extra to have convenience. Bitcoin is less convenient and more hoops and complications.

I just cannot see any reason for the average consumer to use Bitcoins. Until average consumers start using Bitcoins they will just be an experiment and a small speculative bubble.

I have my personal reasons, I am interested Bitcoins them as a tech person, speculative investor, and person that follows evolving trends and markets. I am just struggling to see any.. benefits for the average consumer at this stage.  

Bitcoin was not designed in the way you are describing it. Bitcoin was not made for people to use it to buy groceries and everyday spending with. It is meant as an investment option, similar to gold.

Bitcoin is also fairly anonymous, especially if you use multiple addresses. Think of bitcoin as gold and compare them. They re both investments but Bitcoin has the ability to be spent online.
Yes, I agree the Bitcoin is not as you might think. True we liken the Bitcoin-like gold. But the advantages of the Bitcoin can create assets could also make transactions Online world. If the gold surely can't it.