Quote from: Blackdeath on December 13, 2019, 04:54:31 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 think you are getting the wrong idea about bitcoin because if bitcoin was not made to spend what will the reasons why a lot of people are buying bitcoin for them to earn money and used it to provide their necessities. Bitcoin is also a currency, so it was also made to spend it and it is also the reason why it is the number one cryptocurrency in the market.

It is really made for us to use it in our daily transactions an to store in our wallet. The use of bitcoin is really depend on the users. There are people who prefer to store their bitcoins in their long time because they are hoping that its value will go up so it is simply investing. The other users like me are the ones who using bitcoin in my daily lives like buying goods, services and commodities.