Post
Topic
Board Bitcoin Discussion
Re: Bitcoin will never become mainstream
by
WhiteRhino333
on 01/12/2024, 08:36:41 UTC


I accept that fact, but that brings the contradiction with it. If bitcoin is an investment and not a currency, than this means the only reason it goes up is because people think that other people will buy it, and thus its price will go up, not because they want to use it as a currency.

Satoshi's intention in creating bitcoin was to make it a currency but we should adapt to everything and not be stubborn in thinking that it has to follow the original intention to be called mainstream. What Bitcoin becomes and how it is applied to life is not so important because sometimes we need to change to adapt, the important thing is that it has brought many benefits to everyone.

It has helped people reduce their dependence on third parties and have full control over their money due to its decentralized nature. It has brought financial improvement to many people and that number will continue to increase over time. That's enough to become mainstream in this world, what more could you ask for?




One issue that concerns me is whether the accumulation by large companies or states, such as Guatemala or Microstrategy, leaves room for such decentralization. Hoarding too much bitcoin can lead to manipulations of the market price and therefore a “centralized” control of the value of the currency.
On the other hand, I believe that the difficulty in the way of having your cryptos, without the intervention of third parties, makes it difficult for most people to make daily transactions with this currency. Also, if I am not mistaken, the transaction rate of bitcon is about 7tps while visa is about 1700tps. These impediments may prevent it from becoming a common currency in the short term.