Post
Topic
Board Bitcoin Discussion
Re: Please stop blaming "the government" for lack of Bitcoin mass payment adoption
by
ABCbits
on 26/02/2024, 10:42:07 UTC
These are the reasons there is not mainstream adoption of Bitcoin for everyday payments, not some conspiracy by "the government".

But without Bitcoin legal status as currency/payment method, merchant can't just accept Bitcoin which also hinder adaption.

When you can go on the Internet and buy Bitcoin in five minutes with your credit card and the US government will not arrest or otherwise penalize you for doing so, this is what I call "perfectly legal". Maybe your definition of that is different, but that's how I use the term.

compared to how things were pre 2013. things have changed
compared to how things were pre 2015. things have changed
compared to how things were pre 2017. things have changed
compared to how things were pre 2020. things have changed

one note, just to poke
many exchanges now dont accept credit card, they prefer wire transfer (avoids chargeback scamming)

many exchanges now require KYC which takes upto 24 hours to validate before you can exchange

so ill ask you
When can you go on the Internet and buy Bitcoin in five minutes with your credit card ?

None. At best, you can find P2P marketplace or instant exchange with optional KYC (they can ask for KYC under certain condition). And such place usually have bad exchange rate or high fees.