Post
Topic
Board Bitcoin Discussion
Topic OP
Bitcoin will just atrophe?
by
Galahad
on 01/11/2014, 15:32:23 UTC
What do you think of this article?

http://fortune.com/2014/10/24/bitcoin-fraud-scam/

The problem of merchant acceptance is not resolved and without it Bitcoin is just valueless tokens. There might be a limited supply but a limited supply of something that is not used for anything.

The biggest hurdles have been the interface between fiat and Bitcoin, and merchant acceptance. People can't buy in to use them and retailers don't seem to be all that interested. They may trial it but then discontinue again several months later after receiving no payments. Why is this suddenly going to work?