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Bitcoin's first block dates back to January 2009, or 13 years. POS devices have existed since, at least, 2017, or five years. Despite that people are using cryp

Bitcoin's first block dates back to January 2009, or 13 years. POS devices have existed since, at least, 2017, or five years. Despite that people are using crypto less as a currency today than they ever have. What are the next 8 years going to bring us that the past 13 haven't? It seems like as time goes on crypto becomes less useful rather than more as a general utility for buying stuff. Most crypto "currencies" are also a not a great store of value currently. Just for context, the Ukrainian Hryvnia has lost less value since the Russian invasion than bitcoin has lost today. A financial system more volatile than the economy of a country outmatched in a war with a superpower, is perhaps, not a system you want doing things that require stability.

eric_cc 4y ago
> It seems like as time goes on crypto becomes less useful rather than more as a general utility for buying stuff. I said: Bitcoin. Not crypto. (The longer I’m in this space, the more I realize that scammy crypto is one of the biggest enemies of bitcoin adoption.) It may seem this way to you but you’re clearly not paying enough attention. Adoption curve is up. Many advancements have been and continue to be made on the front of consumer products. Let’s face it, companies like Square will drive mainstream usage. Consumer products will only get better and better and over time will be on par with products that use the dollar under the hood.
- dghlsakjg 4y ago
  My arguments is even less generous and more applicable if you scope it only to BTC. Bitcoin as a common currency is basically a non existent use case for most people. So let me amend my argument: It seems like as time goes on, bitcoin specifically, has seen decreased general use as anything but a speculative greater-fool investment. As far as I can tell, the only people that use bitcoin as a currency are 1. trying to prove a point, or 2. doing illegal shit. That used to be less true 5 years ago. Why would square drive mainstream usage? Square needs people on both sides of the transaction to have already adopted in order to drive business.

eric_cc 4y ago

> It seems like as time goes on crypto becomes less useful rather than more as a general utility for buying stuff. I said: Bitcoin. Not crypto. (The longer I’m in this space, the more I realize that scammy crypto is one of the biggest enemies of bitcoin adoption.) It may seem this way to you but you’re clearly not paying enough attention. Adoption curve is up. Many advancements have been and continue to be made on the front of consumer products. Let’s face it, companies like Square will drive mainstream usage. Consumer products will only get better and better and over time will be on par with products that use the dollar under the hood.

dghlsakjg 4y ago
My arguments is even less generous and more applicable if you scope it only to BTC. Bitcoin as a common currency is basically a non existent use case for most people. So let me amend my argument: It seems like as time goes on, bitcoin specifically, has seen decreased general use as anything but a speculative greater-fool investment. As far as I can tell, the only people that use bitcoin as a currency are 1. trying to prove a point, or 2. doing illegal shit. That used to be less true 5 years ago. Why would square drive mainstream usage? Square needs people on both sides of the transaction to have already adopted in order to drive business.