Post
Topic
Board Bitcoin Discussion
Re: Please stop blaming "the government" for lack of Bitcoin mass payment adoption
by
stompix
on 25/02/2024, 05:26:58 UTC
These are the reasons there is not mainstream adoption of Bitcoin for everyday payments, not some conspiracy by "the government".

Neah, you missed the most important one:
"Why should I spend my coins when the havening is near and the new ATH will be over $200k"

This is why Bitcoin fails as a payment method, because the vast majority of "users" are not interested in actually using as in returns.
The fees and the slow time for confirmations are excuses, we had last year weeks of 1satvb next block transactions being possible, what did that mean? That there was no actual usage, what happened with ordinals was just a different issue, yo can see how fees are going down right now back to 10sat/b , you can get a tx for half a dollar not $30 as you mentioned, this means only one thing, there is no actual demand for those tx!

As long as there is hope of making 4x 5x in a year just by holding coins you will see no use of it as a mainstream payment method!