Quote from: o48o on March 15, 2024, 11:34:20 PM

Quote from: Vincom on February 25, 2024, 02:00:51 AM

-cut-

Dozens of companies accept Bitcoin payments^[2].

-cut-
[2] Who Accepts Bitcoin as Payment?
-cut-

This is actually misleading statement. Most of companies that are said to be accepting bitcoin / crypto don't even see that crypto. They accept payments via third party service that converts it to money before it gets to that company. Only thing that makes it more handy to crypto people is that they don't have to convert it to money themselves. But in many cases they do need to reveal their ID while purchasing something and it gets linked to the wallet / transaction they made.

And difference to internet is that back when internet was just in the beginning, it benefited students and scholars as they were able to be connected instantly. That was revolutionary. Coders were very interested about everything related to that. These days every coder that i occasionally ask about blockchain, smart contracts and web3.0 are mainly laughing at the idea. They see the meme worth of it, but not any practical applications that couldn't be done with local databases faster and cheaper.

Who knows where this is going, but i still see some crypto believers talking about "it's not about the cryptocurrency, it's about the blockchain and the tech" or even more hilarious "lose the cryptocurrency and leave the tech". And seeing those people praising the tech without understanding the point of incentives makes me believe that adoption (what ever that means) isn't even close. Because buyers/speculators don't understand anything about the tech. It's all just meme money. And that's ok to me.

Yeah that's a very good point that you raised I think so that blockchains have to work on technology and they have to to come up with a good usage option so that people can get benefit of using them over other transaction networks.
when the benefit will be provided in the transaction and fees will be lower than companies will start to adopt cryptocurrency directly because people will be more interested into using cryptocurrency for payments then any other option.

Blockchains like Etherium, SOL ,Layer2 chains and Bitcoin have done it that's why they are more in demand than any other coin. Now the layer 2 Technology has been raised in the blockchains like Etherium and Sol working on them so they are being advanced in every field. Trying to regulate what they have done into the past so that's a good sign and it will be a bright future of Cryptocurrency in nearby if they focus on what they are doing right now.