Quote from: adzino on August 10, 2021, 01:50:35 PM

Quote from: Helen-cty on August 10, 2021, 08:19:14 AM

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For me, I would like to see more merchants willing to accept cryptocurrency payments, but I will not use cryptocurrency for payment.
The technology of cryptocurrency has become more and more mature, and what still needs to be strengthened is the regulatory level. From the perspective of circulation, we can see whether the future of cryptocurrency is valuable.

You want to see more merchants accepting cryptocurrencies, but you won't be using it for making payments. Then wouldn't that just put off merchants from wanting to adopt/accept the cryptocurrencies? It's totally understandable as to why you don't want to use bitcoin to make payments, but the more the people use it, the more the world will be accepting towards cryptocurrencies. As people become more accepting, we will be see rapid development where solutions to the current problems with crypto currencies can be found. And with this, we will see the true value of crypto currencies reflect.

The situation with the use of bitcoin as a means of payment is indeed a big problem for cryptocurrency users. Bitcoin is now bought mainly as a store of value, hoping that due to the rise in its price, it will be profitable. Therefore, it makes no sense to buy goods and services for it, because the transaction time and transaction costs are large compared to other cryptocurrencies.
At the same time, if bitcoin stops growing in value at its current rate, people will switch to another cryptocurrency unless bitcoin fixes problems with low scalability and high transaction costs. There is a problem and it needs to be solved.