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> Is it meant to be a payment method or is it an investment Ideally it should be both. > This means that the only real reason to spend Bitcoin or otherwise us
by lawn 10y ago
> Is it meant to be a payment method or is it an investment
Ideally it should be both.
> This means that the only real reason to spend Bitcoin or otherwise use it as a payment is for situations where that's the only option and right now, and for the foreseeable future, that means assorted illegal or at best borderline illegal products
There are plenty of legal products you can buy.
> Perhaps a blockchain-based cryptocurrency might in the future resolve these issues, but otherwise it's a doomed product that I wouldn't put a single penny (or watt of household electricity) into.
The only real issue you're pointing out is the finite supply (volatility will sort itself out in time) which for example Monero answers with a "tail emission" meaning there is an ever increasing amount of coins.