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There's a lot more adoption going on with big business. In addition to the most powerful people in government looking at crypto seriously, both Visa and Stripe

There's a lot more adoption going on with big business. In addition to the most powerful people in government looking at crypto seriously, both Visa and Stripe are heavily investing in crypto teams and infrastructure. https://cointelegraph.com/news/stripe-builds-new-crypto-team-for-payments-three-years-after-dropping-bitcoin https://cointelegraph.com/news/stripe-builds-new-crypto-team... https://cointelegraph.com/news/visa-working-on-blockchain-interoperability-hub-for-crypto-payments https://cointelegraph.com/news/visa-working-on-blockchain-in... Not really sure how someone can claim crypto isn't a big thing now.

chinathrow 5y ago
It might be big in numbers but I will still not take part in a system which has so much waste and means to launder money built in.
- capableweb 5y ago
  You seem confused, seibelj is talking about Bitcoin adoption, not cash.
- celticninja 5y ago
  Do you sit out capitalism as a whole? Or looking at your username surely the CCP also fits that definition, are you chinese yet refuse to participate in the economy?
gruez 5y ago
>Not really sure how someone can claim crypto isn't a big thing now. I think skeptics have moved from "it's not going to be a thing (ie. get acceptance)" to "it's a scam/environmental disaster and government will/should crack down on it".
paulpauper 5y ago
people said this in early 2018 and late 2017 too. price proceeded to fall by 70%. I don't see evidence of adoption. Most merchants do not accept bitcoin , and if they do few customers use it
- capableweb 5y ago
  The all time high at those dates was $20K, today is closer to $65K, how is that considered a "fall" for you? Sure, zooming in at specific points in time you can find good/bad numbers, but the only thing that matters is what the current price is, not what it was before.
  - paulpauper 5y ago
    the market is a forward indicator. this is already priced in . The ETF alone probably added 10k to the price
- xiphias2 5y ago
  Capital gains tax make it hard to pay with Bitcoin, so the network is not used as much as it could be, but Lightning Network is improving continuously (there are still lots of interesting and important developments going on that can scale it up). The first real world usage that is happening in real time is remittance. It’s really hard to remit money between countries (it takes days to send money from EU to US for me, and my bank asks for $20).
NicoJuicy 5y ago
"Heavily investing" Eg. Stripe = 1 guy and 4 additional staffers. That's really peanuts for a company with > 4000 employees. They already did it in the past and abandoned it then. Seems more like FOMO, just because a competitor is also doing it ( eg. Paypal). As a reminder, there were similar "investments" in 2017 and the only one that remained from then is Square, which has the same CEO as Twitter... Let me see the % of payments in crypto versus other payments methods and we'll see. I don't think anything changed.
- celticninja 5y ago
  got a source for those numbers?
  - NicoJuicy 5y ago
    Stripe's staffing was included in the article. I'll look up if i can find the old article about % of payments in BTC. I'll edit the comment here then, but it's a long time ago.
    - NicoJuicy 5y ago
      Okay, I've found a reference by coincidence. BitPay, established since 2011, processed one billion in payments and had 23 million of revenue per year. Mostly gift cards... That's laughable for such a hype.
- keymone 5y ago
  lots of companies with btc on balance sheet: microstrategy, stripe, tesla, spacex, etc. mutual funds and non-us etfs. us etfs since yesterday. adoption can look different from what you expect.
  - benwad 5y ago
    Half of those companies you listed are owned by the same guy, who has a significant interest in pumping the price of BTC. When was the last time you made an everyday purchase like food with BTC?
xiphias2 5y ago
El Salvador putting BTC ATMs in US and El Salvador just started, but already is having a great impact, as it’s much cheaper to remit money using Bitcoin than with Western Union. Other companies will need to compete with Strike when it launches in EU.

chinathrow 5y ago

It might be big in numbers but I will still not take part in a system which has so much waste and means to launder money built in.

capableweb 5y ago
You seem confused, seibelj is talking about Bitcoin adoption, not cash.
celticninja 5y ago
Do you sit out capitalism as a whole? Or looking at your username surely the CCP also fits that definition, are you chinese yet refuse to participate in the economy?

gruez 5y ago

>Not really sure how someone can claim crypto isn't a big thing now. I think skeptics have moved from "it's not going to be a thing (ie. get acceptance)" to "it's a scam/environmental disaster and government will/should crack down on it".

paulpauper 5y ago

people said this in early 2018 and late 2017 too. price proceeded to fall by 70%. I don't see evidence of adoption. Most merchants do not accept bitcoin , and if they do few customers use it

capableweb 5y ago
The all time high at those dates was $20K, today is closer to $65K, how is that considered a "fall" for you? Sure, zooming in at specific points in time you can find good/bad numbers, but the only thing that matters is what the current price is, not what it was before.
- paulpauper 5y ago
  the market is a forward indicator. this is already priced in . The ETF alone probably added 10k to the price
xiphias2 5y ago
Capital gains tax make it hard to pay with Bitcoin, so the network is not used as much as it could be, but Lightning Network is improving continuously (there are still lots of interesting and important developments going on that can scale it up). The first real world usage that is happening in real time is remittance. It’s really hard to remit money between countries (it takes days to send money from EU to US for me, and my bank asks for $20).

NicoJuicy 5y ago

"Heavily investing" Eg. Stripe = 1 guy and 4 additional staffers. That's really peanuts for a company with > 4000 employees. They already did it in the past and abandoned it then. Seems more like FOMO, just because a competitor is also doing it ( eg. Paypal). As a reminder, there were similar "investments" in 2017 and the only one that remained from then is Square, which has the same CEO as Twitter... Let me see the % of payments in crypto versus other payments methods and we'll see. I don't think anything changed.

celticninja 5y ago
got a source for those numbers?
- NicoJuicy 5y ago
  Stripe's staffing was included in the article. I'll look up if i can find the old article about % of payments in BTC. I'll edit the comment here then, but it's a long time ago.
  - NicoJuicy 5y ago
    Okay, I've found a reference by coincidence. BitPay, established since 2011, processed one billion in payments and had 23 million of revenue per year. Mostly gift cards... That's laughable for such a hype.
keymone 5y ago
lots of companies with btc on balance sheet: microstrategy, stripe, tesla, spacex, etc. mutual funds and non-us etfs. us etfs since yesterday. adoption can look different from what you expect.
- benwad 5y ago
  Half of those companies you listed are owned by the same guy, who has a significant interest in pumping the price of BTC. When was the last time you made an everyday purchase like food with BTC?

xiphias2 5y ago

El Salvador putting BTC ATMs in US and El Salvador just started, but already is having a great impact, as it’s much cheaper to remit money using Bitcoin than with Western Union. Other companies will need to compete with Strike when it launches in EU.