Post
Topic
Board Bitcoin Discussion
Re: Has Bitcoin FAILED?
by
irixo10
on 26/12/2020, 11:36:02 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??

Bitcoin has not failed and of course it is better than ever. Let's go this way, if really it has failed do you think it would have grown this much? Do you think it will be getting the attention it is getting now? do you think it would have set a new ATH? I don't think so, but because of the value within it, because of the potential it offers and because of what lies in the future, Bitcoin has grown to be the best cryptocurrency. So to the best of my understanding, Bitcoin has not failed. In the aspect of Shops accepting, this is based on opinions, I think I have come across some platforms or shops that accept Bitcoin but can't really recall them, the fact is, the more the knowledge of Bitcoin spreads the more people will come to accept it. Bitcoin is not getting away from anyone or moving to a particular set of individuals, rather it is still open to everyone, remember there was a time it dumped this year, many ignored and many bought, thus it all depends on we humans and what we want.
Lastly, which better suited cryptocurrency will take over from Bitcoin? None because they lack what it takes, and if truly they have what it takes they would have given Bitcoin a run but yet, they are still far below it.