Quote from: wheelz1200 on December 10, 2019, 09:22:57 PM

Quote from: lbassotto on October 04, 2019, 05:37:27 PM

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

I disagree, if nobody spends bitcoin as a means of payment then it will never become a solid form of payment. It needs to be accepted as a means of bartering a good or service in return for bitcoin. If no one spends it, it will never qualify as money. Some people do hoard bitcoin and that is fine for them, but many others use it as a daily currency which I encourage.

Well according to me bitcoin isn't going to become solid form of payment because it is a means of speculation and investment for most of the people now and only a few people are using it as a form of payment. A small cap coin should be used as a means of payment just because of low transaction fees like ethereum, as it is having a pretty fast chain and low fees which is quiet the opposite of bitcoin.