Re: Will anyone admit that bitcoin is looking like a sophisticated ponzi scheme?
You see, it doesn't matter how high you can pump the price of something, if it's not useful to people, they won't use it. It's as simple as that.
yeaa... wait until you'll get to save transaction fees from the average products and services you buy.. worldwide..
Most people don't buy worldwide, they buy local. On top of that, Bitcoin's not useful because it is poorly distributed and slow. For remittences, there are already better options. Just because Bitcoin was first, doesn't mean it will be here in the end. As a long time Bitcoin bear, none of this is surprising. It was inevitable. People can't spend, what they don't have.
well, one of the major groceries stores from where i live is going to implement bitcoin payments within this year.
