I think that bitcoin will never become mainstream due to the nature of it. The only possibility I can see that it will get mainstream is via centralized parties, like easy-to-use exchanges managing the users coins.
What are the arguments that support bitcoin will go mainstream? Any argument I can find online is something non-related to bitcoin itself - For example, if the US government buys bitcoin, or Tesla accepts Dogecoin it isn't something that (in my opinion, at least) makes bitcoin more accessible for the normal, non-technical every day person.
I think bitcoin became a scam not by purpose. see, these days people on social media just tell you to buy it, because it's a currency and its price will go up. but what makes bitcoin a currency? its community? but most of its community just bought it as an investment, not as a currency - as an asset. it's like a pyramid scheme.
Bitcoin does bring some good things to the world, where free (as in freedom
) digital money is inaccessible, but to the western world, what it brings? gambling? crime? mostly. some will argue privacy, but what exactly is private about bitcoin?
It also grows exponentially in terms of energy and resources needed to operate it, which is a total waste.
Some will argue it's a "new kind of global currency". but again, most bitcoin users don't use it for daily transactions. you might say, how do I know that? simple - because all the data on the blockchain is completely public.
And it's overpriced.
Leave your comments.
How can you say that Bitcoin will never become mainstream while it's actually a mainstream? Look at Bitcoin's market cap and compare it to other coins, it's bigger than all coins taken together. Compare Bitcoin's market cap to companies like Microsoft, Alphabet, Apple and others. It's definitely a mainstream and from this point, any argument that says it's not a mainstream and will never be, is simply not valid.What are the arguments that support bitcoin will go mainstream? Any argument I can find online is something non-related to bitcoin itself - For example, if the US government buys bitcoin, or Tesla accepts Dogecoin it isn't something that (in my opinion, at least) makes bitcoin more accessible for the normal, non-technical every day person.
I think bitcoin became a scam not by purpose. see, these days people on social media just tell you to buy it, because it's a currency and its price will go up. but what makes bitcoin a currency? its community? but most of its community just bought it as an investment, not as a currency - as an asset. it's like a pyramid scheme.
Bitcoin does bring some good things to the world, where free (as in freedom
) digital money is inaccessible, but to the western world, what it brings? gambling? crime? mostly. some will argue privacy, but what exactly is private about bitcoin?It also grows exponentially in terms of energy and resources needed to operate it, which is a total waste.
Some will argue it's a "new kind of global currency". but again, most bitcoin users don't use it for daily transactions. you might say, how do I know that? simple - because all the data on the blockchain is completely public.
And it's overpriced.
Leave your comments.
The fact that people buy Bitcoin for investment purposes doesn't mean that Bitcoin is a pyramid scheme. Everyone buys it for different reasons. There are lots of people who buy it because they appreciate all the benefits that Bitcoin brings. If you want to know more about them, please read Bitcoin Whitepaper, you'll understand what is the real pro of Bitcoin and what problems this invention solves.