Post
Topic
Board Bitcoin Discussion
Re: Has Bitcoin FAILED?
by
ven7net
on 11/12/2020, 16:57:04 UTC
We have all heard the story of the pizza guy getting paid in BTC, yet some 10 years after Bitcoin was made, hardly any shops accept BTC in the great scheme of things.


It started off as a project that would enable the regular guy with a modest pc to mine BTC, now you need a huge farm to be able to mine effectively.


Bitcoin is getting further and further away from the guy in the street, and is now some rich hedgefunds 1% elite plaything.


What is the future of Bitcoin in your view, will it render itself useless and be taken over/killed by a better suited cryptoproject, or are we stuck with it??

I believe that the story of the pizza for BTC is a fiction, which is used to attract the attention of investors to both BTC and other cryptocurrencies. As for BTC itself, I believe it was created as a temporary counterbalance to fiat money and other assets. As for its future, it will probably continue to be used, but if we talk about adoption in the world, then I am more inclined towards the emergence of state cryptocurrencies.