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.
You are 100% right about BTC comparing with a pyramid scheme its' like the older investors are urging new ones to invest in it so more liquidity could be added and they when will leave the market it won't effect that much and the cycle goes on unless new buyers hesitate to invest etc. But overall it's not true that every investors or person involve with BTC is using it as investment as I have some part as investment and the remaining one I am using for for day to day expenses. 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.
For example, in simple wirds BTC miners are selling their BTC to manage their expenses, after that project owners are paying in BTC to advertise them, the ones receive these BTC are also using them for daily expenses but it's not like that we can direcly use BTC to pay for the goods and servies because in many countries it's not legal and with full privacy we can sell BTC and can acquire our local currency which also can be used to explain how BTC provides anoynmity and besides anoynmity and decentralization we must realize BTC also provides the freedom of speech.
Using ordinals we can inscribe our documents and pictures on BTC blockchain and no one can tamper or delet them.