Quote from: yefi on December 08, 2018, 03:11:41 AM

Quote from: QuestionAuthority on November 08, 2018, 04:30:31 AM

Jay, people need to start using bitcoin as a currency and not just an investment. Bitcoin is a failure if all its ever going to be is an etf or a penny stock.

How you going to use it as a currency when 1% or less of the population believe in it? You need coincidence of wants for trade, and you need coincidence of belief in a medium for it to act as a currency. We have far to climb yet before two strangers can break bread in the bit-church, but climb we must.

You are not really saying anything different from me, yefi, yet can't we concede that there has been a whole hell-of-a lot of development, adoption, and even public consciousness in bitcoin between 2013 and today, yet perhaps bitcoin grew from .05% to .75% of world adoption. Great progress, but holy shit far from being able to serve anything like a currency - even while liquidity is way better, so for example, from almost anywhere in the world, if you can get an internet connection, you can transfer various amounts of money for almost free an no one can stop you.

Of course, some places it is going to be difficult to figure out how to cash out your bitcoin, so there may be some fees involved, but bitcoin definitely gives options to people - and peeps are going to come to this better mouse trap, even though it could take 50 years for people to figure out - including getting distracted by the multitude of shit coin imitators who are building and selling fake mousetraps.