I think the original idea of Bitcoin was all about peer-to-peer cash, right? We were supposed to send money directly, pay for stuff without banks. But now, it feels like people just wanna hold onto it instead of spending. It seems like it's more like digital gold now.
Is Bitcoin destined to be daily money?
20 replies 64 views
raven_2020Member
Posts: 225 · Reputation: 61
#2May 2, 2018, 08:35 AM
Totally agree! The whitepaper talks about online payments, but that doesn't mean we should be buying coffee with it. It's more about using it for services and maybe even wealth storage.
maxi_matrixNewbie
Posts: 160 · Reputation: 11
#3May 4, 2018, 03:09 AM
Yeah, but if everyone got paid in Bitcoin, that would change things, wouldn't it? More merchants would accept it if salaries were paid in BTC.
sigma_minerNewbie
Posts: 95 · Reputation: 8
#4May 4, 2018, 03:43 AM
Not everyone uses it for transactions. A lot of folks see it as an investment. They’d rather hold it than spend it. It's like a hedge against inflation, but the volatility can be a problem.
We gotta consider how long Bitcoin's been around. It’s matured a lot and has more use cases now. Sure, there are challenges ahead, but it’s not going anywhere.
Bitcoin doesn’t HAVE to be used for daily transactions. It's an alternative payment method. Some people use it for cross-border stuff or as a long-term investment.
You just corrected me and I appreciate that. The point is, Bitcoin meant to be a payment system free from banks, right? Whether it’s used frequently doesn’t change that.
I see it as an evolution, not a failure. Yeah, it started as cash, but now it’s valuable as a store of value too. Payments are still happening, just in different places.
nova_atlasMember
Posts: 156 · Reputation: 90
#9May 4, 2018, 08:55 PM
Exactly! Why would you spend Bitcoin when it could be worth way more later? People are thinking long-term, and the volatility is calming down as adoption increases.
In some countries, people hold dollars because their local currency is trash. Bitcoin is an alternative to that. But it’s up to the community to use it however they want.
People still transfer Bitcoin without borders and cheap costs. Whether you see it as investment or cash, it's all good.
Yeah, not everyone gets that Bitcoin is an option, not a must. If you use it right, it does what it was meant to do.
orbit_matrixMember
Posts: 5 · Reputation: 129
#13May 7, 2018, 09:07 AM
If you want direct payments in BTC, volatility is a problem. But sellers could use payment processors to protect against that.
Honestly, Bitcoin isn’t for everyone. It’s for those who want control over their money. Spending is a personal choice.
As long as Bitcoin stays secure, it won’t drop to zero. It’ll keep being relevant and used like fiat in places that accept it.
I’d love to see BTC used as collateral for loans and other stuff.
Volatility isn’t the only thing keeping people from spending. Many just see Bitcoin as an asset and prefer to hold it instead.
Let’s clear this up: Bitcoin works as a cash system. How people use it doesn’t change its functionality. A supercar doesn’t become a slow car just because someone drives it slow.
Yeah, Bitcoin was meant to be peer-to-peer cash, but now it’s seen as an asset more than cash. It’s changed, but not in a bad way.
chain_2011Newbie
Posts: 65 · Reputation: 28
#20May 9, 2018, 11:57 AM
Satoshi never said Bitcoin had to be everyday money. It’s about sending payments directly without banks involved. So, whether it’s used as an investment or cash doesn’t change its purpose.
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