Bitcoin Forum

Your points are valid but I wouldn't picture them as fails, rather as concerns, the concerns that I too share, there is no doubt about it.

In 2008 I worked for this small internet startup streaming music online. I thought I was experienced and I joked with friends, that it is never ever going to be possible to stream good quality video, because even with our music people were unable to listen due to slow connection everybody had at that time. Look what happened: infrastracture changed, software solutions changed, high compression was used, and now you can easily stream high quality 2 hour long movie!

The same will happen to bitcoin. Just give it time!

At least I hope so.

It doesn't look like you've transacted with Bitcoin lately. I'd be surprised if you have to spend even 50 cents.

Don't be so negative about it. Bitcoin has put it's mark on the world. Look at us now, the only reasons we can talk about cryptocurrencies and a big change in the worlds financial system it's owed to Bitcoin.
It may not become the only crypto currency of the world, it may not have a low fees or fast transactions speed (for now), but it got us this far.
We are here, and we can hope for a better world in the future because of Bitcoin.

more and more local shops accepting bitcoin
more and more people using bitcoin for daily use in real life
failed:

One World, One Currency
Big Epic Failed: do you understand that people no more creating(mining)

this has never been a part of bitcoin although it is indirectly achieved. and it has not failed. bitcoin is still the same decentralized currency and if you use it as such there is no taxes. but when you treat it as an investment to make money then you also have to pay taxes on that money you made.

it is still fast and instant to send bitcoin. nothing has changed.
you are confusing high fees with speed. but they are two different things and you are right fees should not be high, i can agree that bitcoin has failed on that front thanks to a certain group of people and their fights.

bullshit.
if anything this has grown a LOT in the past year alone. right now BitPay is reporting $110 million dollar monthly payments only through their service.
then look at Japan and the millions of merchants that started accepting bitcoin last year alone thanks to tax free bitcoin payments.

more bullshit.
first of all one world one currency doesn't even make sense.
second who do you think these miners are? aliens? there are thousands of people around the world who bought 1 or a couple of ASICs and are mining bitcoin with it. you can do it if you want too.

we mined bitcoin with our pc before ASIC!

and less physical shops accept bitcoin and that is a fact, not online store.

you can't go to   shopping mall  and buy ice cream with bitcoin
in 2010 that was the idea

and bitcoin is not fast anymore every one waiting in a queue and competing with a transaction fee
to be the first to validated and there is tons of other that waiting exactly like you.

that is how PoW and because of it bitcoin works. with more adoption more people started mining, difficulty went up, new hardware called ASIC was produced to mine it and made things harder to mine with GPU/CPU.
that is the design from day 1!

that is your guess not a fact.

no it never was.
the idea was to create a "peer to peer digital cash". in other words a decentralized payment system that is resistant to any kind of censorship. and bitcoin still has that going.

as i said above the only thing that is changed is the fees and hopefully that won't last long either.

that is also by design.
the fees went up too high to an unacceptable levels because the adoption grew while we didn't have any block size increase and nobody was using the capacity increase solution which is SegWit.
but as i said above this is hopefully going to be over soon as the SegWit adoption grows more and also eventually with second layer solution which is the only way to move forward.

it just means the use of bitcoin has changed. Some people just don't want to understand.

I still hoping I just look at all the people that falling into ICO'S scam. and how they thread Cryptocurrency, only as a way to invest  and nothing more than that sure there are people that more educated about that and
thread crypto differently but the majority made crypto as "investment gratuity" and not seeing it as the world currency.

No taxes
we mined bitcoin with our pc before ASIC! so no taxes

and less physical shops accept bitcoin and that is a fact, not online store.
and many  of the online shops are scammers
you can't go to   shopping mall  and buy ice cream with bitcoin

in 2010 that was the idea


and bitcoin is not fast anymore every one waiting in a queue and competing with a transaction fee
to be the first to validated and there is tons of other that waiting exactly like you.

it's supposed to be world currency you could travel anywhere on in the world and buy in local shops
and not only over the net.

Don't be so negative about it. Bitcoin has put it's mark on the world. Look at us now, the only reasons we can talk about cryptocurrencies and a big change in the worlds financial system it's owed to Bitcoin.
It may not become the only crypto currency of the world, it may not have a low fees or fast transactions speed (for now), but it got us this far.
We are here, and we can hope for a better world in the future because of Bitcoin.

even with Lightning Network people holding their coins and not really using them.

so Crypto  became trade market and not currency

if people not looking at bitcoin as currency in real life, we kinda losing the whole point of bitcoin here

ok, you might have some reason, but I also have my reasons to believe in Bitcoin and the blockchain.

not a tax for ice cream but for buying bitcoin, back their how can you pay tax for bitcoin if you mined it with your computer

I'm pretty sure another cryptocurrency will end up being the one used everywhere...

...while bitcoin will be digital gold.

This is just ridiculous. You have to pay taxes, no matter how you earn that money. If you got into Bitcoin because you want

to avoid paying taxes, then you in the wrong game. Yes, some of the early investors had these great dreams of a

technology that would give the big "FUCK YOU" to governments and that was totally unrealistic. Governments might not be

able to STOP Bitcoin {the technology}, but they can regulate it to death. {effectively banning it and making it a criminal

offense, if you were caught using it} Do you want that or do you want to find some middle ground where Bitcoin can still

be used, within the same regulated environment as other financial technologies? Pay your damn taxes and be done with these

F'ker!

I would like to express regarding the tax part. In my country, you have to pay taxes on all types of income from any investment. Bitcoins was never an exception to this and thus people had to pay taxes on profit made in trading. If you are taking about additional taxes, that is really bad for us. I think even government is milking the craze for bitcoins.

Part of the problem is the limited supply. When a currency is deflationary, people hoard it, they don't spend.

I'm pretty sure another cryptocurrency will end up being the one used everywhere, while bitcoin will be digital gold.

regardless of beleiving bitcoin or not, you can not deny that bitcoin already made us a lot of money (for who joined crypto in < mid 2017)
So that's not a problem anymore, except u re a new investor

in 2011 government treated bitcoin as "wtf is bitcoin" and relax it's not "real money"
and no one even talked about put tax on bitcoin it was not real for them

even with Lightning Network people holding their coins and not really using them.

so Crypto  became trade market and not currency

if people not looking at bitcoin as currency in real life, we kinda losing the whole point of bitcoin here

Bitcoin price rise $1 to $20,000 gave $800,000,000 to a single "cyber criminal".

A major terrorist attack looks imminent.

Gox? Oh, no, I hate to hear this name, this broken website that makes me sad.
But the arrival of the  lightning network is likely to change the current status, I think if the block of congestion and transfer speed is too slow problem was solved, so the bitcoin is entirely possible to become real currency.

Strongly agree with your points. Bitcoin "used to be" completely and truly decentralized back then. But sadly the government had to intervene and start regulating exchanges in order to take at least some control over crypto currencies indirectly.
You do know that the fees recently has fallen significantly. Fee as low as 5 sat/b will get your transactions confirmed within next 6-7 blocks.

Come on man, the solutions for for upgrading the bitcoin network won't come in a day, it takes a lot of time to do things correctly and not screw things up. Give it time, Like Antonopoulos said about the internet it was horrible in the early years, and look at it now. I wish there would be more ways to actually use bitcoin now, but I believe things will get better when riding the lightning. We'll see.

in 2012 the only question that people asked me was
"what is bitcoin?"

today only one:

"should I invest or not?"

And yes, I think that Bitcoin is a perfect investment... for the next couple of years ;)

It doesn't look like you've transacted with Bitcoin lately. I'd be surprised if you have to spend even 50 cents. Unless you're on an exchange of course, in which case it's hardly the network's fault.

Other than that, it's cool. We all have different reasons for believing, and if you feel Bitcoin is no longer that, then by all means make your exit. I still believe in Bitcoin as a currency. It's still in its infancy as far as the technology goes, and improvements like the Lightning Network are going to make it more and more viable.

but why?

can you explain why to invest besides "it's going to grow up"  "buy it while you can"
well in  2011-12 I could explain why to   "invest" or not to "invest"
explain to people why bitcoin as a technology and practical use in life
and why the price is going to blow up in the future.

but not now

Yes, I can. But first, I’d like to tell that perfect investment to me means 50%-100% yearly. And I believe that the auditory of bitcoin will hit the maximum value in the next couple of years. And it will be the moment to sell it. More precisely it will be the moment when my grandma decides to buy bitcoin.

I like it for the tech and possibilities. Yes it's treated like a commodity now perhaps it will stay that way perhaps it will change. Currencies are traded like commodities. The idea of Bitcoin is much cooler than it what it has become. I do think one of these, be it btc, eth or ltc will eventually be used as currency. For now I want to see where it goes. As far as it being an investment yes, I do invest in it, but I invest like I invest in Apple, not just for value but I beleive they can do great things in the future. I stay away from those pump and dump alts, they really twisted the idea of btc. Anyway I get your points it's not like they don't have validity

It's funny how people come out of the woodwork and say they no longer believe in Bitcoin, now that it's popular and is starting to be used by everyone as it was originally intended. Were they only interested in it when it was only them and their friends who knew about it?

Moan moan moan moan moan. That's all I read. Noone saying what's good about Bitcoin and noone seems to appreciate it. Humans are great at pointing problems out and moaning but not too good at solving them. I use Bitcoin very often and the fees are fine. If you want bitcoin to do well and used as it should be then lead by example and actually start spending some and stop using Fiat so much.  Stop relying on fiat people. Fiat is the devil's work!!!

It's funny how people come out of the woodwork and say they no longer believe in Bitcoin, now that it's popular and is starting to be used by everyone as it was originally intended. Were they only interested in it when it was only them and their friends who knew about it?

Well said, I really loved it.
It is not FUD. It is the truth you are trying to say here.
I hope this could open the minds of those who are just here to have knowledge about bitcoin. About the truth. It cannot be just invest and all about money.
There should be a good purpose in the future and that should also be the aim.
For now, I am giving it some time. Maybe it will change. Maybe they will see that someday.
All maybe's but the good thing is I dont lose hope.

For the development of the crypto currency as an absolutely new type of financial relations, about ten years, this is very small. This is a completely new phenomenon that we have never met in the history of mankind. So why wonder if bitcoin now has temporary difficulties with scalability. This only indicates that initially the developers did not expect such an interest in it. It's the opposite in its kind of victory. It's just a problem to be solved. and maybe it will be solved by the introduction into the bitcoin of the lightning network or even by its more perfect analog, called a phantom.

I believe that, on the contrary, at this moment we are in one of the best scenarios that nobody ever imagined for bitcoin: a team of developers committed to giving true functionality to bitcoin as cryptocurrency (at this moment I am transferring bitcoins from my favorite wallet for only 1000 satoshis of fee), many governments in the world discussing about the possibility of regulating its use to get it out of the dark, big business projects developing with blockchain technology, and institutional investment funds interested in bitcoin . I believe that bitcoin still has a lot to offer to the global economy, but you have the right to give up this magnificent opportunity.

if you are not believing in bitcoin as digital cryptocurrency why  are you  here and you asking on that question you are the only can answer to yourself why your believing in crypto sorry do not offended. we should all know the cunrently real money, paper money or fiat money anything what is the right called for there are not easy to remove in the circulation of world currency. on more reason why world banker hate crypto because have possile to closed bank because of digital currency, digital currency treated as a bank the online wallet system. so if you are convince to belive crypto thats your choice.

BUT WHY??
you just saying the same thing as other its a good "investment"
to invest you just saying you will get 50% but why? can you justify your words?

maybe in the future bitcoin will lunch an aircraft or maybe some country will declare it as their currency

besides saying you will gain 50 or 100%  more do you say to people
"it's decentralized" "more shops will accept it to keep it"
soon everyone will use bitcoin this was the words I used to convince people to use bitcoin in 2011-2012

this was the point of my post people look at bitcoin only as a momentum to invest it becomes "casino chips" you just hold to cash out

but no one can really justify their words and explain why to invest in this "bitcoin"

Things are still in the development mode and yet there is huge scope for the growth. The core values of Bitcoin are based on the decentralization principle and it makes sense to use it as a payment system. Ideally, it might not follow the criteria of the traditional currency but it is definitely a good option having potential to emerge as a payment system.

it may look like the OP was having bad times since then, that is why he's been mad about trusting bitcoin. Well we can't blame him either but if you look at the bright aide of this picture, there are lots of improvements lately and since the first launch and still it keeps running up until now.

BECAUSE ITS NOT A PHYSICAL OR RAW CASH

It doesn't look like you've transacted with Bitcoin lately. I'd be surprised if you have to spend even 50 cents. Unless you're on an exchange of course, in which case it's hardly the network's fault.

Other than that, it's cool. We all have different reasons for believing, and if you feel Bitcoin is no longer that, then by all means make your exit. I still believe in Bitcoin as a currency. It's still in its infancy as far as the technology goes, and improvements like the Lightning Network are going to make it more and more viable.

Based on my experiences, it made me believed that bitcoin is not also a currency because it is more on being an asset or an investment because you cannot use it to pay things and use as a regular currency for a regular basis and one of the reason also is the high fees and also slow confirmation speed that makes bitcoin not qualified as a currency.

I understand your concerns and you are partially right. A lot of people decided to hold their bitcoins instead using them because it became extremely profitable. However, I don't agree that transactions take a lot of time to confirm. Fortunately, it seems that even transactions with 1 sat/b go through right now. Many shops still accept Bitcoin. Some companies announced that they are removing Bitcoin support but a few days after that they brought it back.

I in the crypto world since 2011-2012
and for me as a tech guy more interest in the blockchain technology a special when Namecoin
was released and actually utilized the blockchain for DNS chain, from that point it changes the way
I look at bitcoin and truly understood the power of Blockchain and Cryptocurrency and the future of Bitcoin as currency
and not only investing without understanding what are the benefits and how and why
this sweet digital currency set out to change global finance and the world.


 I think people that in bitcoin after 2016-2017 and maybe 2015 will not understand this post they
look at bitcoin as an only investment and nothing more.
 just started with bitcoin and another crypto because they how the price jumped out and how you can turn "500$ to 4M"youtube videos.
and the tv and media that talked about that.

and people like me before the ICO's and SMART CONTRACTS
and all the exchanges look differently at bitcoin.

we believed that in the futures more bitcoin jobs and people will get paid in bitcoin
and you able to travel around to world with one currency
and pay in local shops


"Bitcoin is peer to peer payment network digital currency "

do bitcoin really doing this in 2018
are people really using this as currency
is more and more local shops accepting bitcoin(physical store not over the internet)
do we get more job places and people got paid with bitcoins?
do new people look at bitcoin that way or only as a momentum to invest, and make 500$ to 4M?

and this is few of the things we believed at that time

no taxes
since no regulation, it's a coin for the people and minted by the people

failed: more and more countries trying to control and regulate Bitcoin and implement taxes since nowadays you mostly buy bitcoin and not
mining using your pc, we had only 2 options
mine it or
Damn you Mt.gox
and no taxes because of bitcoin was mined by us the people and no ASIC  that time

and bitcoin for the government wasn't real
and it wasn't an investment but some "idiots solving mats stuff with their computer" and as a reward getting some
"crypto Coins" that have no real use and not real money!
it's only in past serval years they change their mind
I talking about 2011-2012, not 2018!

I am not talking about a tax for buying a product with bitcoin but for buying bitcoin, back their how can you pay tax for bitcoin if you mined it with your computer
now you can't you go to exchange and must pay taxes for something that several years ago:

"what is bitcoin"
"it's not real why should I accept it"

fast and instant
you can send even small amount as 1$ instantly to anyone in the world and pay a super ridiculous low fee

failed:
and even with the LIght Network!!
new or average bitcoin user who is holding a few dollars can’t actually use bitcoin as money because the fee is higher than the money they’re holding. (we talking about few dollars not thousands)
if you received your 1 dollar with 100 of small transaction you will pay for the bytes and most likely it will cost you more.


more and more local shops accepting bitcoin

I remember  the first coffee shop in my town accepted bitcoin as
a payment that was for me like buying something for the first time with
my own money, felt like this is the moment all bitcoin
users was waited for

more and more people using bitcoin for daily use in real life
as more shops  accepting bitcoin more users start using them

failed: as the bitcoin network became heavy
and the price of bitcoin went super crazy up
fewer people actually using Bitcoin in daily life
and holding it as casino chip waiting to cash out
as a result of this fewer shops accepting bitcoin
because no one uses them but just holding as an
Investment.

and besides who wants to accept currency
when you just want to buy a coffee and wait
30 minutes to 2 weeks for a transaction
approved depending how much fee you paid

sure if you buying a car you willing to wait 2 days or even weeks
but not when you buying a Fre@king coffee.

and yes even with the light network

Bitcoin is not fast anymore every one waiting in a queue and competing with a transaction fee
to be the first to validated and there is tons of other that waiting exactly like you.


and the most important of all

One World, One Currency
The supply and minting of a global currency not regulated by a central banking but decentralized,
no age sex or geolocation discrimination Currency for the world people and   minted by the world  people,

it's supposed to be world currency you could travel anywhere on in the world and buy in local shops
and not only over the net.

imagine a world where you can go to your shopping mall and buy an ice cream or ticket to the movie
and then go out with your girlfriend to eat in a restaurant.


Big Epic Failed: do you understand that people no more creating(mining)
this Currency unless you got sh**load of money to buy your self ASIC, and honestly I will not be surprised if we find out that huge corporation  or even some countries owning the majority of huge "ming farms"



So people not using bitcoin the way it should be only as "casino chips"
and this the manly problem with ICO'S scam and any other investment in cryptocurrency.




people forgot that in Cryptocurrency you have Currency, so stop treating as "opportunity to invest".
sure it's investment but back in 2011 we at least knew why to invest in bitcoin and how it's really goind to change the world.

and the only question I got asked that time was:

"what is bitcoin?"

and I was explaining them about blockchain and that it decentralized
and people still was confused asking me why should I put real money into
this "virtual" thing

and I was nailed my explanation with only one sentence

"dude its free money"

and that worked every time.

remember you could mine it with your pc no ASIC was at that time
and butterfly labs just was a baby and doing their  "Pre-sale"

so yeah it's basically was the global world free money

today people only ask one question:

"should I invest or not in bitcoin?"

and many if people look at this as real life-changing and real currency that you can use in your daily life
and that there is a technology behind it

how can you claim in "Crypto We trust"
if the majority of people use it only as "Casino Chips" and  "opportunity to invest".
you really think with that thinking there is a real-life use for cryptoCURRENCY


people think twice next time before buying some cheesy ICO's or investing in coins that have no real life use

look if it really going to do something and if the world really needs it.

I think we destroyed Bitcoin and what Bitcoin stands for, so at least let's save the
future of other cryptocurrency and helpful we truly see crypto in real life
and every shop will accept it as their payment


and besides how can you claim bitcoin will replace gold and money if

today you able to buy a house with it and tomorrow you can't even buy bread, so how can you trust that as money replacement.

and I do believe in cryptocurrency I just not believe in bitcoin as a global currency
because what other people made him, and not in bitcoin itself

and the whole point of this post is to raise the awareness of people how they thread cryptocurrency
and understand why they invest in "token" or coin there is something behind it and not only "take my money" but WHY
and once again I could buy my self a coffee without waiting 2 weeks and pay a high fee

people still investing in tokens and thinking that tokens are cryptocurrency
and the blockchain is Bitcoin and not a technology.

and in 2011 I was conflicted with people
"what is bitcoin" and was always defending
today it's useless most of the people that replying to my post
don't understand that I talking from the point of view and  believes we had in 2011
regarding bitcoin on back there, we believed that bitcoin replace the money
and later that bitcoin is digital gold

today it's completely different people look at bitcoin only as an investment
and for me holding bitcoin and using every time I see a local shop that accepts it
was a great deal in that time

I just disappointed that some people still don't understand that bitcoin suppose to be
digital money and not only a digital asset

and nothing wrong if you invest and hold it just understand why and in what you invest.

ohh yeah and sometimes they add "it's anonymous", or decentralized but without any blive into it but only pure "invest" invest and invest!

and today if you ask someone do you believe in bitcoin??
and did you invest in bitcoin

most likely will be "yes" but why?
and they replay with something like "I believe the price will go higher 20000"
"the price will go up" "invest"
you will not hear a good explanation why da hell they investing in bitcoin
and you will not hear  "it's the money of the future" "more and more shops accepting it" "it's going to be the world money" but just invest invest invest!!!!!


we knew that this kind of thing
have a future so we knew why to hold and invest.





and remember it's crypto---->>>>>CURRENCY so threat that as CURRENCY

Don't be so negative.

Bitcoin is not issued by a specific monetary authority, which is generated by a large number of calculations based on a particular algorithm.

BTC itself is central bank and currency! And the number of BTC is certain!

Bitcoin is not issued by a specific monetary authority, which is generated by a large number of calculations based on a particular algorithm.

BTC itself is central bank and currency! And the number of BTC is certain!

I think that in the near future we will really pay with the crypto currency. Therefore, it is better at this stage to fully study it and be ready for future events. Crypto currency is our future.

I totally agree with OP.
I myself never view bitcoin or any crypto token as currency but that doesn't mean it can't be. It's just the time isn't right. It's too volatile to be use as daily life currency right now. Maybe things will get better after the price is more stabilize in the future, 20 years from now.

i really hope so :-) :)

We do have different interpretations about bitcoin, some are not believing bitcoin as a currency some are also looked at it as a currency but we have to respect each others opinions. Well for me, bitcoin is still not considered as a currency because the fact that we still have to exchange or convert it into fiat is the one reason that hinder bitcoin to be called as a currency.

Although it's grown we are still in the beginning stage of btc adoption. Yes, a lot of people think they will get rich but I still think btc is like any other new technology and will have many morphs along the way

In fact still there are such places where people still do not have any idea about bitcoin. I think in such i do not think that they will believe to invest their fiat for making money and they will even not believe on bitcoin as currency, but later on when they will comes to know about bitcoin and they they will see or come to know about in vesting their money there will start believing of online purposes.

I in the crypto world since 2011-2012
and for me as a tech guy more interest in the blockchain technology a special when Namecoin
was released and actually utilized the blockchain for DNS chain, from that point it changes the way
I look at bitcoin and truly understood the power of Blockchain and Cryptocurrency and the future of Bitcoin as currency
and not only investing without understanding what are the benefits and how and why
this sweet digital currency set out to change global finance and the world.


 I think people that in bitcoin after 2016-2017 and maybe 2015 will not understand this post they
look at bitcoin as an only investment and nothing more.
 just started with bitcoin and another crypto because they how the price jumped out and how you can turn "500$ to 4M"youtube videos.
and the tv and media that talked about that.

and people like me before the ICO's and SMART CONTRACTS
and all the exchanges look differently at bitcoin.

we believed that in the futures more bitcoin jobs and people will get paid in bitcoin
and you able to travel around to world with one currency
and pay in local shops

and why did we belived in that?

bitcoin at that time wasn't real for most of the people and the only way to accept
something as a payment or is to put some trust to this
without it, bitcoin is just software on a computer

remember that time most of the people

"what is bitcoin"


so with that believes with time people were willing to accept bitcoin
and invest in this "future money"


for us, bitcoin is  "Bitcoin is peer to peer payment network digital currency "
that will change global finance and the world.

and we going to be part of this huge thing(it's not only about money and investment that time more important was to raise the awareness about bitcoin)

but do bitcoin really doing this in 2018?
are people really using this as currency
are more and more local shops accepting bitcoin(physical store not over the internet)
do we get more job places and people got paid with bitcoins?
do new people look at bitcoin that way or only as a momentum to invest, and make 500$ to 4M?

and this is few of the things we believed at that time

no taxes
since no regulation, it's a coin for the people and minted by the people

failed: more and more countries trying to control and regulate Bitcoin and implement taxes since nowadays you mostly buy bitcoin and not
mining using your pc, we had only 2 options
mine it or
Damn you Mt.gox
and no taxes because of bitcoin was mined by us the people and no ASIC  that time

and bitcoin for the government wasn't real
and it wasn't an investment but some "idiots solving mats stuff with their computer" and as a reward getting some
"crypto Coins" that have no real use and not real money!
it's only in past serval years they change their mind
I talking about 2011-2012, not 2018!

I am not talking about a tax for buying a product with bitcoin but for buying bitcoin, back their how can you pay tax for bitcoin if you mined it with your computer
now you can't you go to exchange and must pay taxes for something that several years ago:

"what is bitcoin"
"it's not real why should I accept it"

fast and instant
you can send even small amount as 1$ instantly to anyone in the world and pay a super ridiculous low fee

failed:

new or average bitcoin user who is holding a few dollars can’t actually use bitcoin as money because the fee is higher than the money they’re holding. (we talking about few dollars not thousands)
if you received your 1 dollar with 100 of small transaction you will pay for the bytes and most likely it will cost you more.


more and more local shops accepting bitcoin

I remember  the first coffee shop in my town accepted bitcoin as
a payment that was for me like buying something for the first time with
my own money, felt like this is the moment all bitcoin
users was waited for

more and more people using bitcoin for daily use in real life
as more shops  accepting bitcoin more users start using them

failed: as the bitcoin network became heavy
and the price of bitcoin went super crazy up
fewer people actually using Bitcoin in daily life
and holding it as casino chip waiting to cash out
as a result of this fewer shops accepting bitcoin
because no one uses them but just holding as an
Investment.

and besides who wants to accept currency
when you just want to buy a coffee and wait
30 minutes to 2 weeks for a transaction
approved depending how much fee you paid

sure if you buying a car you willing to wait 2 days or even weeks
but not when you buying a Fre@king coffee.


Bitcoin is not that fast anymore every one waiting in a queue and competing with a transaction fee
to be the first to validated and there is tons of other that waiting exactly like you.


North American Bitcoin Conference (TNABC) 2018, bitcoin announced they have stopped accepting bitcoin payments for conference tickets due to network fees and congestion.
https://news.bitcoin.com/miami-bitcoin-conference-stops-accepting-bitcoin-due-to-fees-and-congestion/

and the most important of all

One World, One Currency
The supply and minting of a global currency not regulated by a central banking but decentralized,
no age sex or geolocation discrimination Currency for the world people and   minted by the world  people,

it's supposed to be world currency you could travel anywhere on in the world and buy in local shops
and not only over the net.

imagine a world where you can go to your shopping mall and buy an ice cream or ticket to the movie
and then go out with your girlfriend to eat in a restaurant.


Big Epic Failed: do you understand that people no more creating(mining)
this Currency unless you got sh**load of money to buy your self ASIC, and honestly I will not be surprised if we find out that huge corporation  or even some countries owning the majority of huge "ming farms"



So people not using bitcoin the way it should be only as "casino chips"
and this the manly problem with ICO'S scam and any other investment in cryptocurrency.



but there is always a bright side:

with the time Light Network
 going to speed things up, lower the fee's, and  more shops will get back to accepted bitcoin as payment
and maybe in the future, we really going to see more job places that pay their workers with bitcoin.

 but it doesn't solve the problem that people just holding their bitcoins, as "casino chips" and in the right moment cash out.


instead to understand what is actually bitcoin, and how can you use it for your daily life, and of course why.


Bitcoin is blockchain technology that created to be decentralized for to all people around the world and to use &  utilized for their needs to serve a specific  purpose.

And Bitcoin is a  "peer 2 peer payment network" and not only "peer 2 peer Crypto Stock Exchange  network"

and that  applies to all cryptocurrencies
 

even with Lightning Network people holding their coins and not really using them.

so Crypto  became trade market and not currency

if people not looking at bitcoin as currency in real life, we kinda losing the whole point of bitcoin here