Bitcoin is 'useless as a payment mechanism and ridiculous as a store of value,' ex-PayPal CEO says
Away from emotions, his words contain a kind of honesty.
Bitcoin in its current form
is not appropriate:
- As a payment mechanism for daily transactions "or to everyone."
- Make quick purchases.
- As a Payments to large merchants.
On the other hand, a store of value, high fluctuation in value makes it unsuitable to be a store of value.
Perhaps after the activation of solutions such as lightning network, and control/regulation on the exchange platforms resolved all these restrictions.