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It is plenty proved. Nobody accepts BTC as payment for goods and nothing is priced in BTC.

SaltyBackendGuy 9y ago
> Nobody accepts BTC as payment for goods Well not nobody. https://steemit.com/bitcoin/@steemitguide/2017-top-list-of-big-companies-that-accept-bitcoin-and-cryptocurrencies https://steemit.com/bitcoin/@steemitguide/2017-top-list-of-b...
- JonnyNova 9y ago
  Printed 7 months ago. Steam and Microsoft have stopped accepting bitcoins. I don't know offhand but suspect many of the other ones probably have as well.
  - jhall1468 9y ago
    Microsoft added it back a week ago and several companies have since been added to the list. So your original statement is wrong as is your suspicion.
    - JonnyNova 9y ago
      Because of the falling price forced people out of the network and reduced both network congestion and transfer fee prices. Moon or payments? Pick one. https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m https://bitinfocharts.com/comparison/bitcoin-transactionfees... https://blockchain.info/charts/avg-confirmation-time?timespan=30days https://blockchain.info/charts/avg-confirmation-time?timespa...
- deleted 9y ago
  [deleted]
cocktailpeanuts 9y ago
That has nothing to do with the current crash. The price has been going up for a long while even when everyone knew about this. Also this "nobody accepts BTC anymore" phenomenon is something artificially caused by the BTC devs. They could have increased the block size even to just twice the size and tried to figure out the real solution in the meantime, but instead they decided to be stubborn and kick out everyone who disagreed with them. This is not a "proof" that the Bitcoin model itself has failed. It's just that one implementation has failed, and that's fine.
shawnz 9y ago
So after introducing a new currency, how long is the window for people to begin accepting it before its "proved unnecessary"?
inferiorhuman 9y ago
Well, Overstock takes BTC and BCH. https://krebsonsecurity.com/2018/01/website-glitch-let-me-overstock-my-coinbase/ https://krebsonsecurity.com/2018/01/website-glitch-let-me-ov...
Torgo 9y ago
Listing your altcoin on an exchange is priced in BTC, but I don't know if that helps or hurts your claim.
jhanschoo 9y ago
Bitcoin is plenty accepted in the DarkNet.

> Nobody accepts BTC as payment for goods Well not nobody. https://steemit.com/bitcoin/@steemitguide/2017-top-list-of-big-companies-that-accept-bitcoin-and-cryptocurrencies https://steemit.com/bitcoin/@steemitguide/2017-top-list-of-b...

JonnyNova 9y ago
Printed 7 months ago. Steam and Microsoft have stopped accepting bitcoins. I don't know offhand but suspect many of the other ones probably have as well.
- jhall1468 9y ago
  Microsoft added it back a week ago and several companies have since been added to the list. So your original statement is wrong as is your suspicion.
  - JonnyNova 9y ago
    Because of the falling price forced people out of the network and reduced both network congestion and transfer fee prices. Moon or payments? Pick one. https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m https://bitinfocharts.com/comparison/bitcoin-transactionfees... https://blockchain.info/charts/avg-confirmation-time?timespan=30days https://blockchain.info/charts/avg-confirmation-time?timespa...
deleted 9y ago
[deleted]

cocktailpeanuts 9y ago

That has nothing to do with the current crash. The price has been going up for a long while even when everyone knew about this. Also this "nobody accepts BTC anymore" phenomenon is something artificially caused by the BTC devs. They could have increased the block size even to just twice the size and tried to figure out the real solution in the meantime, but instead they decided to be stubborn and kick out everyone who disagreed with them. This is not a "proof" that the Bitcoin model itself has failed. It's just that one implementation has failed, and that's fine.

shawnz 9y ago

So after introducing a new currency, how long is the window for people to begin accepting it before its "proved unnecessary"?

inferiorhuman 9y ago

Well, Overstock takes BTC and BCH. https://krebsonsecurity.com/2018/01/website-glitch-let-me-overstock-my-coinbase/ https://krebsonsecurity.com/2018/01/website-glitch-let-me-ov...

Torgo 9y ago

Listing your altcoin on an exchange is priced in BTC, but I don't know if that helps or hurts your claim.

jhanschoo 9y ago

Bitcoin is plenty accepted in the DarkNet.