Post
Topic
Board Bitcoin Discussion
Re: Bitcoins and other cryptos will never become mainstream before...
by
Darker45
on 21/12/2023, 02:26:37 UTC
The reality is that, why should people be buying water bottles with Bitcoin? If we consider the practicality of it all, why should we choose Bitcoin as payment for our cup of coffee? Sometimes I wonder whether those videos of children buying a piece of banana or a glass of lemonade using Bitcoin is the best way to promote Bitcoin. Cold cash would be best. Perhaps Bitcoin's whitepaper is where the point is, that it is an electronic cash, that it is for online payments, for eCommerce purposes.
Yes, and in the modern era like today, Online transactions are needed, Bitcoin is a good option for Online payments and ecommerce.
But Bitcoin's current problem is scalability, which has recently been paralyzed by an increasingly dense buildup of transactions and this has brought traffic jams with fees rising dramatically.
The Lightning network could be a solution, but there are those who oppose it and development is also lacking.

Bitcoin has grown into something else, or at least it has more than one function now. It isn't anymore just the internet money that it used to be mainly about. I don't know whether the thing that paves way for monkeys and punks and rocks and shrooms is essentially a bug or a vulnerability or a feature, but it seems obvious to me that Bitcoin is primarily for monetary or financial purposes. Now, it's kind of funny how the main purpose has to take the alternate route such as LN because the main network is busy with inscriptions.