Quote from: The Sceptical Chymist on Today at 03:34:24 AM

Not likely, because that's sort of where bitcoin began and over time it morphed into what it is now (or at least what many people consider it), digital gold. I'm not saying I disagree with you, but when big money players are buying up bitcoin by the truckload and never intend to use it to finance anything, it isn't likely anybody else will.
(though it's always been that, it was never exclusively that if you know what I'm saying).

I don't know where you get this from, my friend. Precisely what the big players are doing is buying bitcoin to finance purchases without selling it.

Quote from: The Sceptical Chymist on Today at 03:34:24 AM

Seriously, who here uses bitcoin to buy anything anymore? I barely even see it being discussed on the forum like it used to--whenever there used to be a big merchant who started accepting it, it was a huge deal. Now? Nobody seems to be pushing for that, nor are merchants announcing anything of the sort. Things can and do change over time, but I didn't think I'd ever see people stop celebrating the adoption of bitcoin for anything other than a tool for making money (though it's always been that, it was never exclusively that if you know what I'm saying).

Well, I would say on a small scale many people on the forum make small purchases with bitcoin. But spending a lot of bitcoin doesn't make sense. Scalability issues aside, 99.9% of people who have bitcoin also have fiat. What are you going to do, spend bitcoin and not spend fiat? It doesn't make sense. What makes sense is to hold as much bitcoin as you can and spend the fiat.