Post
Topic
Board Bitcoin Discussion
Re: Please stop blaming "the government" for lack of Bitcoin mass payment adoption
by
franky1
on 25/02/2024, 06:14:21 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!

i have been to many countries spoke to many people as individuals and businesses and when many speak of bitcoin in less developed countries, they liked the idea of a currency that can remit and offer payments for commerce.. but then returning years later they said the fee's were the reason they stopped accepting bitcoin as payment
they also noted the temporary drop in fee's didnt last long enough to promote accepting bitcoin for goods again before the spam restarted..
never did they say they stopped due to preferring it as investment, nor did they say about customer preferring to hoard for fomo.. they were annoyed by the fees.

countries were $1 is a days wage is why developing countries dont adopt bitcoin as a payment option for commerce
(and dont reply thinking its an opportunity to promoted the flawed sandbox tex of bugs of the subnetwork you think billions of developing countries should use, so dont try advertising it as much as you have at as many opportunities as you have.. stick to caring and concentrating on BITCOIN not other network promotions)