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Certainly as a payments system, Bitcoin looks to be failing/has-failed/will-fail. But there is another possible future other than being a fake-internet-money "a
by strgcmc 6y ago
Certainly as a payments system, Bitcoin looks to be failing/has-failed/will-fail. But there is another possible future other than being a fake-internet-money "asset class for speculation... devoid of fundamentals": a long-term return to something akin to gold-backed aka bitcoin-backed fiat currency.
Personally, I don't think deeper integration with traditional fiat currency/banking systems is a sign of failure; rather, it's the first step towards this possible future (which of course, is highly unlikely still, but 20 years ago it was 0% likely, 10 years ago it was 0.00000000001 likely, and now, who knows maybe 0.0001 likely?).
Of course, this too, is all speculation. It's hard to predict the future.