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Are there no valuable use cases with Bitcoin?

• rsynnott 9y ago
  Arguably it has actually become less useful in the last few years, in that the transaction fees that you actually need to get a transaction through in realistic time have skyrocketed. And I gather it's beginning to be displaced on the tor drug markets.
• jonknee 9y ago
  It seems to be not very useful as a currency (transaction costs are surging, it's slow, can't scale, etc etc) and instead has proven much more useful as a vehicle for every sketchy investment scheme you can imagine. I think blockchain as an idea is more valuable than Bitcoin as an idea. But that's me.
• companyhen 9y ago
  I know fees are higher now, but a big use case could potentially be people sending money to friends/family overseas. They're much lower fees comparing them to Western Union. Saw that in the Banking on Bitcoin documentary on Netflix, I recommend watching!
  • jonknee 9y ago
    Possibly lower fees than existing solutions, but you have to factor in converting currencies, crossing the bid ask spread twice on different exchanges and the risk of volatility during the transaction. If you want a low cost transfer you're much better off using something like TransferWise.