>> The capital gains tax issue isn't stopping your average person from wanting to use Bitcoin How are you so sure? if I had to report and fill forms for every

>> The capital gains tax issue isn't stopping your average person from wanting to use Bitcoin How are you so sure? if I had to report and fill forms for every single transaction that I do, like say buying coffee or video games I would be put off with trying to use the currency. it is a way to cripple it's usage. >> The bottom line is that rational consumers like the features and services offered by traditional banks and credit cards. >> If someone steals your credit card and spends a ton of money, you just call up the credit card company and get your money back. >> If someone gets access to your Bitcoin wallet and takes all of your Bitcoin, that's it. Game over. Should have had better OPSEC, grandma. >> Likewise, people don't want to manage wallet passphrases and key files themselves. They want an exchange to handle the details for them, including as much risk as they can move to the exchange. >> The reality is that Bitcoin is still far and away an inferior experience to traditional payment methods. If I pay with Bitcoin, I have to deal with transaction fees and variable network delays and I have zero recourse if the vendor simply steals my money. With a credit card, the bank literally pays me 1-3% to use their credit card, payment is instant, and I can simply call the bank up and reverse charges if something goes wrong. I completely agree with these points. And I hope the ecosystem improves on these. Still the advantage of Bitcoin's fixed supply and it's ability to hold value vs fiat systems whilst it's capacity to also act as a currency is still something valuable. While it doesn't do everything the way horses (fiat) are now, it will get better as it is the car in the race.