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> Coffee shops don't accept gold bars either, yet gold has certainly been money (not so much these days). This is true but it's largely because of the logistic

> Coffee shops don't accept gold bars either, yet gold has certainly been money (not so much these days). This is true but it's largely because of the logistics. It's not that coffee shops don't want gold, it's just that it's too inconvenient to accept it. Bitcoin, on the other hand, is incredibly easy to accept. And unlike gold, Bitcoin can't be counterfeited. I know, in the USA at least, "digital gold" is the current narrative. But "daily currency" is just around the corner.

lurking15 3y ago
What I'm saying is that bitcoin mostly serves as a reserve asset and store of value, and as a unit of account it's great. For daily transactions and payments you end up relying on layer2 options (again totally in favor of those but there's a nuance to this since bigoted people jump at that aspect and say it "disproves" bitcoin) which is somewhat different than saying you're using bitcoin, it's a roundabout way of using bitcoin much like no one pays for things with US treasuries, but they do use notes which derive their value from treasuries.