Post
Topic
Board Bitcoin Discussion
Re: Bitcoins and other cryptos will never become mainstream before...
by
legiteum
on 16/01/2024, 00:58:54 UTC
Everybody knows the name "Bitcoin" and it's a meme worth over one half trillion dollars. What more do you want?
I disagree with you that Bitcoin is a "mem". That is far from the truth and seem to me like FUD. If you have not used Bitcoin, then you will never know the power it carries. If you come from a country like mine where there are several restrictions to FX, you will appreciate Bitcoin better. We cherish Bitcoin here because we know how difficult it is for the average man to do business across the globe even in remittances. So Bitcoin is far from being a meme.

Um, I've used Bitcoin. Many times. It didn't make me feel any different Smiley.

I can certainly see where Bitcoin will have niches e.g. countries where the government is corrupt and unstable, and I should have qualified my comment above.

However, as it's mainstream appeal, Bitcoin is an investment, and it's an investment in a "name", not an investment based on it's practical use (there are thousands of other cryptocurrencies that do what Bitcoin does for your country, and now pure digital currencies that will serve as a means of value transfer far better than Bitcoin or any blockchain-based currency.