Quote from: o_e_l_e_o on August 24, 2019, 07:12:50 AM

Quote from: deisik on August 24, 2019, 06:36:26 AM

If that relates to you as adoption, I think you have to reconsider your perspective

I wasn't using that as an argument to say adoption is widespread; I was using that as argument that people spend their bitcoins

It is a difference that makes the difference, right?

The point being that even if you didn't mean it that way, it still resonated like adoption is anything including what actually constitutes a fiat payment. More specifically, you may think like you are paying with crypto while your coins simply get converted to fiat in the process. And how is it different from you converting crypto to fiat yourself and then spending the proceeds? I don't know about you, but to me, conceptually, it is six of one and half a dozen of the other

Quote from: o_e_l_e_o on August 24, 2019, 07:12:50 AM

And I spend bitcoin directly with merchants who accept them several times a week. Incidentally, one of these merchants is a local small business who I spoke to about using bitcoin several times, and now they do. If you want to see adoption, then go out and create demand for it

Yes, I understand your pains

But you can't really expect people to go out and demand cryptocurrency payments. People want adoption, I mean real adoption, but they don't want to do anything to that effect themselves, i.e. to actually promote such adoption. If things were different, we would have already been there by now. But since we are not, that instantly sends us back to square one (read, no adoption of crypto as a full-fledged and self-sufficient means of payment)

Quote from: o_e_l_e_o on August 24, 2019, 07:12:50 AM

Quote from: deisik on August 24, 2019, 06:36:26 AM

And the next bottom line in this series of posts is that whenever given a choice, people will hoard their coins and spend fiat instead (as per famous Gresham's Law).

Totally incorrect. If given the choice, I would pay with bitcoin 10 times out of 10.

I think the issue here is that you are assuming that everyone is a holder like you, who is only interested in accumulating more. There are also plenty of people like me who are keen to spend their coins and support bitcoin's growth whenever possible

I'm not a holder, and far from being one

I'm more of a trader type (if that makes any difference in your internal hierarchy of the cryptocurrency folk), so crypto for me is like capital. Well, it is indeed working capital for me and spending it is a big fat no. If I didn't have a fiat option, I would be forced to spend coins, of course (as I sometimes still do in the way described above), but other than that, it is the last thing that I would willingly do