Post
Topic
Board Bitcoin Discussion
Re: People are underutilizing Bitcoin
by
TimtheYoutuber
on 22/12/2019, 13:38:25 UTC
Full article: https://www.forrestvisions.com/blog/people-are-underutilizing-bitcoin

People need to start accepting Bitcoin and keeping it, not converting it.

If you think of Bitcoin as just a virtual placeholder for fiat currency, stable coins will be the future and Bitcoin will slowly fade away.


Thoughts?
Bitcoin has not become a universally accepted means of payment in the world. During these ten years, it was generally used as a speculative means for profit. However, this is not the main and especially not the only function of bitcoin. Now, like all decentralized cryptocurrencies, he will have to compete with stable state coins and I’m not sure that Bitcoin can withstand such competition.

Competition is always nice because it gives people options. If bitcoin can be accepted for its properties then It can succeed, however if people only look at it for the pegged fiat then it will have some trouble.