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Making traditional payments at places like bars and coffee shops isn't really a good usecase for bitcoin in today's environment. It can be fun for enthusiasts,
by sharperguy 7y ago
Making traditional payments at places like bars and coffee shops isn't really a good usecase for bitcoin in today's environment. It can be fun for enthusiasts, or useful for people who get paid in bitcoin and want an easier way to spend it aside from just selling it. But for people paid in local currency it just adds unnecessary complication.
There are some retail use-cases that make sense, mostly when whoever you're buying from isn't well supported by the banking system. E.g. gambling sites, marijuana dispensaries , VPN services, countries that don't have paypal or VISA etc.
Other than that monetary sovereignty, censorship resistance, evading capital controls and speculation are the name of the game.
- panarky 7y agoExactly. It's like complaining about how difficult it is to get a cup of water to drink from Niagara Falls.