I understand what you mean, and do understand we see bitcoin as cash, and not exactly a bank account, but then I feel like bitcoin is a lose lose.
when I hand my friend 20 dollars over, it is an instant transfer with no fees. When I pay for a pack of gum at the shady stop and shop, we have no trust in each other, but he takes my money, checks to see if it's counterfeit and transaction is done. With 0 transfer fees. Sounds like USD is simpler and easier this way.
Now let's use a bank account example. If I send you 100 dollars right now because you're a nice person on here and deserve a donation (and you need that 100 dollars right now because your electric is about to be shut off today by COB unless you pay the 95 dollar bill, and you have no money) we can make this happen with alternative ways like zelle or venmo.
Now let's change the scenario to bitcoin...
I give my friend 20 dollars and use a low fee because he's in no rush. I lose a dollar on the transaction... ok.. oh well. lol
I pay for a pack of gum at the shady stop and shop. We don't trust each other. How will he feel if I give him money and he will hopefully get it tomorrow?
and the 100 dollar donation scenario. Well... it's not gonna work. You're screwed, you'd be better off me sending you zelle, or maybe an alt-coin. Bitcoin loses in all scenarios
I'm new here and I'm not trying to dis anything. I just want to learn and understand it better. I bought .01 btc on gdax few days ago at 7950 and kept watching it drop to 7300 yesterday and today. Finally we broke 8000 USD and now it's going up and up. So I'm happy. I truly do see bitcoin going up and up, but I'm having a tough time understanding it's application in everyday life. I just see it as an investment tool as of now, because it sure makes money. I'd be a millionaire had I invested in this 5 years ago when I heard about it lol.