When it snows, how many people call in and don't go to work? because they don't want to risk it, they say "health and life worth more than any money" because they know there is a risk of driving to work. Yes there are those who risk it and still go to work, but BTC was built to be currency, money that people use on the internet, why would you use your money in a store where you may get robbed? and I heard people got robbed from almost every single website out there.
Many people who don't use websites also get robbed. The only way to make sure that you don't get robbed is not to posses anything (money or property) of value at all.
Also so far, most people are buying BTC only for 2 reasons:
1- trade
2- save for the future for the hope and dream
Now the above 2 things made BTC something like either stock or gold, so BTC actually is not a currency anymore. So the "currency" purpose is dying.
Tell that to TigerDirect.com, and Overstock.com, and bitcoinstore.com, and The D Las Vegas Casino Hotel, and Golden Gate Hotel & Casino, and all the other hundreds of merchants that are all accepting bitcoins as payments.
Another thing is: BTC was built based on anonymity
No. It wasn't. A lot of people think it was. Those people are all wrong. Then they tell their friends that wrong information and even more people have wrong information that they share with others, and so on. Bitcoin was NOT built based on anonymity. It was built based on pre-determined inflation schedule, pseudonymity, and decentralized consensus.
now notice that websites that deal with BTC, every time they increase their security measures then the anonymity is disappearing slowly.
you can't even move money into the website without recording a movie of yourself with your credit card, or link your bank account, add ten password, 3 paragraphs and 5 photos of yourself.
This is not a Bitcoin requirement. This is a non-bitcoin requirement. These security measures are necessary because fiat money (non-bitcoin local currency) is being exchanged and the government requires these processes for the exchange of their local currency. If you don't like this, then it is a very good reason to stop using your local currency and use bitcoin instead.
OMG, most of us people who were trying to hide our identities and bank info, actually did some stuff that can make us lose all our saving someday just so we can get to buy few coins! Anyway the point is: eventually the anonymity will be gone
And you can blame your government and your local currency for that.
BTC was built to have a very extremely low transaction rate, well after you count the deposit cut on the website, the trade fee of the website, moving from wallet to another (cause people don't trust to leave their coin on the exchange websites anymore) so they move it to trade website when they trade and at the end of the day they move it back to personal wallet, more and more fee.
So the purpose of low transaction fee is dying too.
I get paid in bitcoins. I make purchase with bitcoins. There is no "deposit cut on the website", there is no "trade fee of the website", there is no "moving from wallet to another". You choose to pay all of these fees because you still use and hold your local currency. These are not bitcoin fees. These are local currency fees. These are the fees you have to pay to get rid of (or to acquire) your local currency.
When I bought BTC, I was looking to new currency that doesn't inflate!
You are wrong. Bitcoin will be inflationary for your entire life. The inflation schedule is publicly known and can't be changed (which is good), but the supply is inflationary right now.
the way people are treating it is making it like metals (gold, bronze or whatever) which bring the question: if I want to buy metal, why don't I buy gold???
It is quite difficult and expensive to use metal to make a payment to someone who is far away. It is more difficult and more expensive to store it securely. It is more difficult and more expensive to carry it with you if you travel.
more secure
Can you create a backup of your metal? Can you encrypt your metal with a password? How difficult would it be to securely hide $10,000,000 worth of gold?
and I can put it in a safety deposit box and keep it for the next 20 years which I know many people did.
If that is important to you, you can print out a paper wallet and do the same with bitcoins, and you can send more bitcoins to the wallet that is in the safety deposit box without having to leave your house.
So we actually killed the main purpose of BTC
No we didn't. The main purpose is still alive.
due to the few little weakness of BTC which was taken as advantage by hackers too.
[/quote
Which weakness is that?
I understand that it is new and people still don't know how to handle it and they are losing all this money, but again by the time BTC get secured then all the above and more purposes for BTC will be gone!
The original purposes aren't going anywhere.
So now we just sit and wait hoping that either Walmart announce someday that they accept BTC and then BTC price jump up, or we just make it a fun online trading game between some people who will try to make $50 a day for living, or someone someday come up with a more secure digital currency and then all BTC will drop to Zero.
You can do that if you want. I prefer to participate more constructively in the community.
However for the credit, all countries, businesses and rich people in the world noticed one important thing: that is people loved the idea of digital currency!
And that is a very important thing for future entrepreneurs.
This is true.
