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I know lots of people that own bitcoin. I haven't met anybody that uses bitcoin to spend it on anything. It still makes front page news on reddit if someone do

I know lots of people that own bitcoin. I haven't met anybody that uses bitcoin to spend it on anything. It still makes front page news on reddit if someone does groceries with crypto: https://old.reddit.com/r/CryptoCurrency/comments/13a9q3r/yes_i_did_it_again_i_went_to_the_supermarket_here/ https://old.reddit.com/r/CryptoCurrency/comments/13a9q3r/yes... People write articles if a house gets sold with bitcoin: https://finbold.com/house-in-portugal-sold-for-3-bitcoins-in-a-historic-first-ever-direct-sale/ https://finbold.com/house-in-portugal-sold-for-3-bitcoins-in... Spending bitcoin on "stuff" basically doesn't exist. It's a rounding error.

achillean 3y ago
As a vendor that tried accepting crypto I can confirm that it's basically non-existent. And the few transactions that do take place have a lot more issues than regular payments: https://blog.shodan.io/accepting-crypto-a-vendor-perspective/ https://blog.shodan.io/accepting-crypto-a-vendor-perspective...
dopa42365 3y ago
It's almost as if people don't actually want a multiple dollar transaction fee that can take an hour (or more) to process. That may be acceptable when you use bitcoin (or more likely Monero) to buy whatever your heart desires, but is absolutely not usable for regular purchases.