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Apart from the first 8 and a half years when speculators were predicting it would replace fiat for everyday transactions, you mean?
by highace 9y ago
Apart from the first 8 and a half years when speculators were predicting it would replace fiat for everyday transactions, you mean?
- TomMarius 9y agoTheir prediction wasn't based on speed and low cost.
- dboreham 9y agoEvery single piece I read or heard on Bitcoin talked (only) about how Visa et al skim off excessive fees and Bitcoin would be so much cheaper. I don't remember hearing anything about speed, probably because at the time nobody realized Bitcoin wouldn't be transaction latency-competitive with traditional payment solutions.
- TomMarius 9y agoSee and everything I saw was about decentralization and other blockchain/cryptography-related things. I of course saw some people talk about Bitcoin as "cheaper than bankwire", but I definitely wouldn't say that was the main driving point of all Bitcoin adopters; not even a significant minority.
- spookthesunset 9y agoUm, bitcoin was for years touted as "free and instant".