Quote:
Originally Posted by Jason14h
It isn’t a catch 22 - because this isn’t the “does Bitcoin meet the definition of a currency “ thread
You are just constantly obsessed with trying to make it that , despite literally the rest of the world moving to accept forms of crypto currency and non traditional banking methods
If you don’t think Bitcoin end up being part of the ecosystem there’s nothing wrong with that - there’s tons of issues with Bitcoin itself . This is very common being first in a new tech - everything that comes after can improve on the issues
It does however also get the advantage of being first from an acceptance and ownership standpoint, which makes it valuable to people, hence the price
The problem is that certain people in this thread (and in most circles , places etc) have so little knowledge of the crypto ecosystem , how it works, and what it is trying to accomplish the argument always seems to come down to “Bitcoin is a scam vs Bitcoin going to a million “
Meanwhile , every bank , payment provider , and even credit cards are getting involved and the way financial ecosystems work will drastically change over the next decade
It may not be Bitcoin - in fact I think Bitcoin sucks for most of where the ecosystem is going - but we’re going in this direction
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How does everyone not have the knowledge but accept it as a currency? These two statements don't make any sense, most people have no clue what Bitcoin is, including most of their crypto bros.
Also "and even credit cards" is such a weird statement since Mastercard has had various projects with various companies for over 5 years now.
Banks see an opportunity to make money from Cryptocurrency, banks are run by their capital market teams, and those teams see massive value in exploiting cryptocurrency.
Payment providers are hit or miss as to if they support cryptocurrency and a lot have tried and some have failed. Will Shopify succeed? Maybe.
Also, when did anyone post that Bitcoin is a scam in this thread recently? I follow this thread religiously and I have not seen anyone call Bitcoin a scam, maybe I missed all these posts by "certain people". Lots of discussions about other coins and tokens being scams, because they are, cryptocurrency is FULL of scams.