Quote from: MainIbem on Today at 06:48:38 PM

Quote from: we-btc on April 17, 2024, 01:26:41 PM

I ask this question because I wonder what Bitcoin will become now that the financial institutions and meme coin advocates have taken over.

If Bitcoin is not peer-to-peer electronic cash then how do you see it?

I wonder where you go the idea that bitcoin is no longer a digital currency, If bitcoin is no longer a digital currency then what do you think it is?
Also I think your choice of topic is not accurate because I'm still trying to figure out if you're asking a question or saying it cause it's true. If your question is whether bitcoin is no longer a digital cash the answer is no, it can't be held physically like other fiat currency or gold, bitcoin is a digital currency created by Satoshi and would continue to be a digital currency whether the financial institutions or meme coin advocates have taken over like you claim, but I also doubt if that's possible cause it's the most superior cryptocurrency and can't be controlled by any government or institution.

I think what the OP meant is that it is not a mainstream digital currency that people would want to use to buy everyday things. It's not impossible to buy your lunch with Bitcoin, but almost nobody would want to do that since it's impractical.

All that, and also that Bitcoin is, defacto, almost never used that way today, and is instead an investment instrument like gold, stocks, or whatever.

You could also use shares of AAPL or slivers of gold as a trading mechanism too, but... why would you?