no. because not all cryptos are decentralized. Like for instance XRP. Its centralized and controlled by a company- ripple. Again, thats the beauty of bitcoin. Its decentralized, meaning not controlled by anybody in particular, but rather the collective consensus of all nodes. its like this:
I have to disagree. If anything its decentralization strengthens its use case as a currency. The only thing holding it back is that transactions have a cost (albeit small) and that the network is still too slow for everyday transacting. But as I said there are new programming layers coming that speed it up to modern standards, so all of that could very well change.
i know right. Businesses are adopting bitcoin daily. Bitcoin ATM's all over all the malls in my town. Bitcoin ATMs in costco now.
www.bitpay.com
It doesnt meet the basic criteria of a currency, with many significant road blocks
As a matter of fact here is a listing of business that now accept bitcoin-
Who Accepts Crypto? 250+ Stores Where You Can Spend Bitcoin + Crypto | BitPay
Visit BitPay.com to see hundreds of companies and stores that accept Bitcoin and other top crypto. Find all of the best places where you can spend crypto from any wallet.
Oh boy. Where do I start here.
Not AI alone. Quantum Computing AI will be key in curing many sicknesses including cancer. Definitely slowing and possibly halting aging. For absolute sure if it doesnt decide we're useless to it and turn on us. You are talking about an entity that is more intelligent than the collective intelligence of human history. and its basically here. We're months away from the singularity and a few years away from super-intelligent AI's.
I mean now we're truly getting into speculation. Im regurgitating what most computer scientists and engineers have said about super-intelligent AI's. Bitcoin is not nearly as speculative as all that. I agree there is a degree of uncertainty with just about every and any investment out there. I would say bitcoins uncertainty is far less than that of the average S&P 500 stock.
1. Transaction cost. With bitcoin, its paid by the user. With cc, its paid by the vendor. Massive psychological difference in terms of utilization. I profit from using my cc. I lose money using bitcoin.
1. mmk. I know many businesses which charge the 2% surcharge only on credit card transactions, and they flat out tell you this up front. With bitcoin it may be paid by the user but its a very small amount. Again as I mentioned this will likely improve soon. Is there an echo in here?
1. Ah yes, they charge 2% and then the cc gives you 2% back in rewards. Heck, amazon gives 5% back. Plus fraud protection, and the myriad of cc benefits. What benefits would i get with bitcoin? None.
crystalintelligence.com
1. You are reaping "rewards" on the backs of other poor souls who actually pay these evil schmucks interest on their credit card balances. You want my opinion? Credit cards are one of the worst things to happen to America financially. Its a broken system. What do you think credit cards just conjure money to pay you for just simply using their card? Of course not. For every one of your type that never have a running balance, there are 10 who are dumb enough to fall for the bait and then they cant pay it off. Do you know that the avg american carries something like $6k in credit card debt on a month to month basis?? Thats ****ed. Dont talk to me about your credit card benefits. I bet you use anecdotal evidence to make medical decisions too.1. Ah yes, they charge 2% and then the cc gives you 2% back in rewards. Heck, amazon gives 5% back. Plus fraud protection, and the myriad of cc benefits. What benefits would i get with bitcoin? None.
Also, i have to BUY the bitcoin, with currency, instead of just using the currency, or using a cc. All of which require far fewer steps.
2. Ah yes, that what all currencies are intended to do? Appreciate over time? Thats deflation. Causes lots of problems...and depresses consumption and spending.
Oook. But then whats your target appreciation once its stabilized? 2% per year? 5%? 10%? If its going to beat stocks, then it needs to go up at least 8-10% per year. If it changes in value 10% per year, thats incompatible with use as a currency...so then its a store of value.
Again, it cant be both and be effective
3. Scammed out of 26k? Bitcoin doesnt prevent your uncle from being catfished either
Wallet stolen? Lose a $100 did you. Far different than having your whole bitcoin wallet stolen (would be similar to your chase acct being stolen). How many millions have been stolen and consumers ****ed from banks?
The 10 Biggest Crypto Hacks in History
Crystal updates the 10 biggest CEX crypto hacks, from the $105M CoinBene theft in 2019 to the $1.4B Bybit hack in 2025. See the full list below.
Those folks made whole? Nope
4. Who care? How can it be a currency when it cant be used to perform the basic everyday tasks of a currency??? Your response is "who cares"?? Uhh..everyone who you expect to use it as a currency might want it to be able to handle the everyday transactions that currency handles
5. Again, you keep jumping back and forth. Is it a currency or a speculative investment? You argue that its a currency on the cusp of being mainstream...when it doesnt even accomplish some of the basic daily tasks of a currency, let alone do them BETTER than existing methods (which is required to displace the existing currency)
Speculative investment (with a few fringe currency uses) absolutely. So companies and investors can speculate all they want.
You are correct. Credit cards frequently lead to unsustainable debt for a typical user. But that goes to show that consumers will use credit cards DESPITE the fact that they end up racking up debt BECAUSE they are fast, regulated, convenient, easy and universally accepted and fill a need (a way to purchase without carry cash). Bitcoin isnt any of those things.
What happens if you get in to a car accident and can't remember them and your family needs that money to take care of you or your bills?
Doomsday. So funny. Banks go under all the time. People get their assets seized all the time.
You must have been living under a rock these past 15 years. Bitcoin went from nothing to 2 trillion market cap and rapidly climbing. Its now legal tender in 2 countries. USA, China, UK, Ukraine, Bhutan, El salvador, Finland, and unofficially Russia and North Korea all have substantial bitcoin reserves. Blackrock, state street, vanguard etc amassing bitcoin and filing for bitcoin ETF’s. Organizational investments from multiple s&p companies as well as top companies in other countries. Zero signs of slowing. Are you mental?
You’re still not understanding the power of bitcoins decentralization. The government cant do anything about it. They cant put that genie back in the bottle. Will they persecute people who use bitcoin? Maybe but it would be unwise, because people would flee. The whole entire beauty of bitcoin is that its NON-SOVEREIGN. I dunno how else to explain this to you. The government does not get to control or uncontrol bitcoin. They can only control and inflate their own crap fiat. Bitcoin got to this point all on its own by the choice of the people. The people chose to opt into a system free of fiat slavery.
Have they accepted gold? No. Still a $22 trillion market cap.
Its both. A guy paid for a pizza with 10,000 bitcoins once. Its just a currency in the “early adoption phase”. Look up the phases of adoption of currency. And soon here it will be in the “early widespread adoption” phase. The fact that there are bitcoin atm’s all over the malls in my town tells me its a currency. As a matter of fact, here, you can use this to see how many bitcoin atms are near you.
bitcoindepot.com
What a wonderful illustration demonstrating bitcoins superiority to gold.
In what way? Like the bank could get robbed and you'd lose all your money or are you talking about something else?
Nvidia went up by alot too. Doesnt mean its a currency.
You can trade a pokemon card for pizza too. Doesnt mean its a currency.Its both. A guy paid for a pizza with 10,000 bitcoins once. Its just a currency in the “early adoption phase”. Look up the phases of adoption of currency. And soon here it will be in the “early widespread adoption” phase. The fact that there are bitcoin atm’s all over the malls in my town tells me its a currency. As a matter of fact, here, you can use this to see how many bitcoin atms are near you.
Homepage
Find the nearest Bitcoin ATM with our Bitcoin ATM Locator Map. Easily buy bitcoin with cash at one of over 15,000 Bitcoin Depot Locations.
Thats right. For me its also reserve capitol for the long term.
Can you exchange pokemon cards for cash at an atm? Or vise versa? No. Pokemon cards are not durable, divisible, fungible, therefore they dont have the properties of currency, ya dodo. The definition of a currency is a standardized quanta whose purpose is to act as a medium of exchange. Bitcoin ticks all those boxes, even more boxes than fiat.
Where can you exchange pokemon cards for cash? They are called stores. And you can go to those stores, and they will give you back cash in exchange
Thailand is one the most bitcoin friendly countries out there. They also have bitcoin atms everywhere. But you dont even need atms. You just need an exchange app on your phone linked to a bank account. In fact there is a guy gamed didi, hes famous because he sold his house and cars and all his other property to buy bitcoin. Guess where he moved to. Thailand. Lived there for a few years until recently moving to spain due to security concerns.
You dont understand currency. Ive read entire books on currency. What you’re saying is completely stupid. Comparing bitcoin to pokemon cards. You could compare meme coins to collectibles. You might have called bitcoin a collectible or a novelty in phase 1 of its adoption, before it was actually worth much and wasn't being posted on exchanges along with all other credible currencies. The same way people used seashells as currency before gold. We’re long past that.
Oil is a commodity. Sheep is a commodity. Gold WAS a currency, now its a commodity... outside of 3rd world countries. Know anyone that buys groceries or pays employees in gold? Dont think so
Its just shocking how people come on here and **** on btc like they understand their a$$ from their elbow. I legitimately wonder if some of them are really that stupid or if they are just bad actors, and want to sabotage people.
I think you lose all credibility when you aay Gods money.
Good God. Ive never seen somebody use such ignorant arguments while clearly demonstrating they have no depth of knowledge on the subject. I mean, you are making a fool of yourself. You clearly dont understand how an exchange on goods or services works using currency, or what properties make up a currency. Just stop.
