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I would argue yes. No one legitimately uses Bitcoin as a form of currency. The two types of people buying it are (1) those currently using it as a volatile inve
by lawrenceyan 9y ago
I would argue yes. No one legitimately uses Bitcoin as a form of currency. The two types of people buying it are (1) those currently using it as a volatile investment vehicle and (2) those currently using it as a means of illicit transactions.
Any other play is a losing one as your risk of huge devaluations in trying to use Bitcoin like cash make it incompatible to the average person. The usage of Bitcoin as it was originally envisioned is far from the truth.
- kenpomeroy 9y agoYou can't be serious... you are literally responding to someone who told you they use bitcoin more than credit card, and yet you still maintain that "No one legitimately uses Bitcoin as a form of currency." You think all of us who use bitcoin to buy things are just lying?
- lawrenceyan 9y agoI apologize. Perhaps I should have been less colloquial with my writing. My meaning was meant to generally imply a lack of usage by the main stream population. Niche users who are generally early believers / proponents of a decentralized currency like Bitcoin, which I should point out I very much am and hold definitive stake within, don't count. Until Bitcoin as a whole stabilizes, the original vision that Bitcoin and other cryptocurrencies that soon arised were meant to advocate for, will never be realized.