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More of the same arguments that have been going around for 10 years. Meanwhile adoption and price continues to increase over time. https://99bitcoins.com/bitco

by rdbell 7y ago

More of the same arguments that have been going around for 10 years. Meanwhile adoption and price continues to increase over time. https://99bitcoins.com/bitcoin-obituaries/ https://99bitcoins.com/bitcoin-obituaries/

Nextgrid 7y ago
> adoption [...] continues to increase over time. Is it? Outside of the crypto bubble I still don't see a reason to hold cryptocurrency, and in fact, even as a tech guy I don't hold any. I still can't use it anywhere, especially not in the physical world. The best I can do is sell it for fiat (with a hefty commission) using some of those Bitcoin ATMs and most of them have complicated ID verification procedures (so you need to carry a form of ID and it isn't as fast as a normal ATM) and then use that fiat to buy my morning coffee or breakfast. I could just use my normal payment card directly and bypass the whole process. The community is plagued by fragmentation about minor technicalities (Bitcoin Cash being the "one true Bitcoin" and then Bitcoin Cash itself splitting into yet another variant called Bitcoin SV (Satoshi Vision) that again claims to be the One True Bitcoin) instead of solving the main blockers behind cryptocurrency adoption which is the user experience for the masses (the common arguments in favour of crypto like decentralisation, trust-less-ness, etc aren't actually compelling for the majority of people, so it has to be better than their day to day bank account for them to use it, and from a UX perspective it's definitely not).
skookum 7y ago
> adoption continues to increase over time I see this statement over and over and wonder what it's backed by. Anecdotally it feels like adoption at the "businesses that take Bitcoin" level has been dropping steadily for the past few years - announcements of "X will start taking Bitcoin" have all but dried up and many of the businesses that did take it seem to have given up, especially so at the local level in locations that I am familiar with. I have no insight into adoption at the person-to-person private transaction level. Is there some reasonably balanced source that has a good analysis of adoption or is transaction rate being used as a proxy for adoption in these claims of increase?

by rdbell 7y ago

Nextgrid 7y ago

> adoption [...] continues to increase over time. Is it? Outside of the crypto bubble I still don't see a reason to hold cryptocurrency, and in fact, even as a tech guy I don't hold any. I still can't use it anywhere, especially not in the physical world. The best I can do is sell it for fiat (with a hefty commission) using some of those Bitcoin ATMs and most of them have complicated ID verification procedures (so you need to carry a form of ID and it isn't as fast as a normal ATM) and then use that fiat to buy my morning coffee or breakfast. I could just use my normal payment card directly and bypass the whole process. The community is plagued by fragmentation about minor technicalities (Bitcoin Cash being the "one true Bitcoin" and then Bitcoin Cash itself splitting into yet another variant called Bitcoin SV (Satoshi Vision) that again claims to be the One True Bitcoin) instead of solving the main blockers behind cryptocurrency adoption which is the user experience for the masses (the common arguments in favour of crypto like decentralisation, trust-less-ness, etc aren't actually compelling for the majority of people, so it has to be better than their day to day bank account for them to use it, and from a UX perspective it's definitely not).

skookum 7y ago

> adoption continues to increase over time I see this statement over and over and wonder what it's backed by. Anecdotally it feels like adoption at the "businesses that take Bitcoin" level has been dropping steadily for the past few years - announcements of "X will start taking Bitcoin" have all but dried up and many of the businesses that did take it seem to have given up, especially so at the local level in locations that I am familiar with. I have no insight into adoption at the person-to-person private transaction level. Is there some reasonably balanced source that has a good analysis of adoption or is transaction rate being used as a proxy for adoption in these claims of increase?