Post
Topic
Board Bitcoin Discussion
Re: Bitcoin For Purchasing Goods and Services Mainstream>?
by
Silberman
on 24/04/2024, 06:30:32 UTC
As right now BTC is more of a store of value. The value of it is not high enough to be able to use mainstream for the global market as the money system. For all markets to be based on.
Do you think that if ever there becomes more adoption, BTC would be and able to be used for mainstream like a global money? Does the tech work enough that it could handle the global market?

why or why not?
This seems difficult for many reasons, to most obvious one is the technical aspect, bitcoin will need to process transactions way faster than what it does right now, and as we could see just a few days ago, some greedy people were enough to push the fees to the highest levels we have ever seen, the second problem is political, since even if bitcoin was able to achieve this feat, would governments support such system? I do not think so, so while bitcoin can be used as a way to transfer value all over the world and can do this job relatively well, to become the mainstream way in which people all over the world do this is not likely at the moment.