But the costs associated with Bitcoin transactions are massive compared to credit cards, and as far as regulations, Bitcoin’s policy-making is quite centralized

But the costs associated with Bitcoin transactions are massive compared to credit cards, and as far as regulations, Bitcoin’s policy-making is quite centralized within a few groups (big mining pool operators, mega-exchanges, Core developers). On top of that, the throughput is orders of magnitude less than the credit card networks. And it’s not all that anonymous, either. The blockchain is a revolutionary technology, and I think one way or another it’ll change the world. But Bitcoin? I’m just not seeing it. The first implementation of a revolutionary technology does not often look like the implementation that ultimately changes the world. I think people forget that when they buy Bitcoin, they’re not betting on the usefulness of blockchains, they’re betting on this specific implementation of one. It’s a little like buying a bunch of dot-com IPOs in 1998 because you’ve figured out that the Web is the future. Your vision is right, but you’re still going to lose all that money.