OP, the fact that you asked that shows that you don't truly understand what actually Bitcoin is. It's not merely a cheap consumer product, plus if it doesn't solve an inefficiency, then it wouldn't be used.
If you want to insult me like that, at least quote me, and then do it.
I don't understand bitcoin? Really?
Well, I've only been here since 2012. I clearly don't understand bitcoin. In all that time, I've been faking it.
I don't understand that bitcoin, as a protocol and currency is completely decentralized.
I also don't understand that bitcoin gets distributed through a proof of work algorithm and that there is no central authority. I don't understand that it works using cryptography.
I don't understand the mantra "not your keys, not your bitcoin"
Given all that my post is clearly stupid and I was waiting for you to enlighten me. Now you have shown me the error of my ways.
If you want to post on a thread, please make an effort to follow what has already been said, just skimming it is fineI've already made my points clear so I won't re-iterate them. But you can have another crack at me if you'd like.