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BTC was never meant to be used to purchase groceries (transaction fees + limitation on the number of tx/s). There are other cryptos which (could) do that very w
by WinstonSmith84 6y ago
BTC was never meant to be used to purchase groceries (transaction fees + limitation on the number of tx/s). There are other cryptos which (could) do that very well, however. But large bank transfer may be convenient with Bitcoin: have you ever purchased a used car, not for $500USD, but for $10k+? Arguably, it's a legal, but definitely an edge case. Just giving an example :-)
Speculation is one thing, but BTC is going nowhere and in a world hit by an incoming significant inflation, many have understood that Bitcoin is simply an easy place where to safeguard your wealth if the outlook is at least +5 years, not days / months. That's why people buy Bitcoins at the moment.
- vanschelven 6y ago"small casual transactions" is described as a goal of Bitcoin in the opening paragraph of the introduction of the whitepaper
- zekrioca 6y agoPaper which was written in 2007/2008. Who would have thought that the ARPANET would be the basis for today's Internet.. and still, here we are..