Bitcoin doesn’t need more hype. It needs more adoption.

[sunsilk]

There will be hypes about gold and Bitcoin but both Bitcoin and gold have reached to matured phase so that communities will make hypes. It's different with altcoin projects, scam projects which have to do marketing, create hypes in order to scam victims.

Clearly, Bitcoin has communities to do that, and Bitcoin does not need to scam anyone.

Even there are companies and Ponzi projects that try to use Bitcoin as part of their advertisements for Ponzi scams, it does not make Bitcoin as a Ponzi, and does not turn Bitcoin to a scam coin.

It has already been known and there's already the stable market that it has got, so both gold and bitcoin have their respective market stability and communities are leaning towards that.

You're right that there's no need to do anything for bitcoin just to get noticed. It's even the media that's going near to it and covers movements of it for their contents.

While both share the same sentiment that they're being used for scams for people who have lack of idea about it, scams are everywhere in real world.

[Patikno]

The interesting part is watching Bitcoin move from digital gold to infrastructure people can actually build on.

Native BTC lending, staking, payments, DeFi the next phase is about putting the Bitcoin people already hold to work without giving up custody.

What do you think will be the biggest use case for BTC beyond simply holding it?

In my opinion, the biggest use case for Bitcoin is its unlimited transaction capabilities. Whether it is for everyday payments, healthcare, public services, living expenses, and so on. However, I believe the government should be involved in implementing such a system. In fact, governments benefit greatly from integrating Bitcoin because they can easily verify every transaction on the blockchain.

This makes me wonder: why are so many countries still reluctant to accept Bitcoin ? Yet, they can also benefit from it, including profit and convenience. I hope that there will be a push that will make Bitcoin widely adopted, even in remote areas.

[Bitcoin_people]

I think Bitcoin isn’t for everyone; it’s not true that anyone can use Bitcoin. Bitcoin adoption has potentially reached one of its peaks; the rest is linked to derivative systems that use Bitcoin. For example, buying Bitcoin ETFs is not adoption but speculation, and the same applies to the whole system linked to futures and perpetual contracts. The true use of Bitcoin involves having a wallet and directly holding sats without any third parties involved.

Anybody that think he doesn't need Bitcoin has not seen the reason why Bitcoin is needed until they get into one problem. Some countries today have money in other countries like US, but they can't access it because they are sanction by US due to political conflict. If their money was in Bitcoin, that can never happen because you control the key to your wealth, not another man or another country.

There are vast benefits to why holding Bitcoin is very necessary, however, I think people don't care until they need it. If you see any person says he doesn't need Bitcoin then he hasn't gotten a reason to hold Bitcoin.

Those who think that there is no need for Bitcoin, if they face a problem at some point, they will understand how important Bitcoin is for a person. Yes, we have seen that many countries do not use the US dollar, especially we can see this because of political signals. Those who cannot withdraw their money due to the US inaction face a lot of danger, in this case, if they use Bitcoin, they can withdraw it very easily. Bitcoin always has its own control, no government or any central bank can control it, you have the key to Bitcoin. How important it is for us to use Bitcoin is what people say when they face various problems, and Bitcoin users certainly know how reliable a virtual currency it is. If someone is advised about Bitcoin and thinks that Bitcoin is not necessary for them, then I think they should not be persuaded too much, rather, those who believe in Bitcoin with their own knowledge always want to hold Bitcoin.

[As-Soon-As]

Bitcoin brings you benefits in all aspects, only you can get the benefits of Bitcoin by using it. If you use Bitcoin for transactions, then you can complete transactions with Bitcoin from one country to another at any time using an internet connection over long distances. And there are other aspects where this Bitcoin is most effective against inflation.

What do you think will be the biggest use case for BTC beyond simply holding it?

If you use Bitcoin for holding purposes, it will provide you with more savings in the future, because if you use fiat money, your money will not maintain its value in the future.
So if you hold this Bitcoin in the future, then of course you will be able to achieve great economic success here. And your economic lack will be eliminated in the future, so Bitcoin will help whoever uses it in the same way.

[hd49728]

Bitcoin brings you benefits in all aspects, only you can get the benefits of Bitcoin by using it. If you use Bitcoin for transactions, then you can complete transactions with Bitcoin from one country to another at any time using an internet connection over long distances. And there are other aspects where this Bitcoin is most effective against inflation.

For transaction purpose, Bitcoin blockchain is very secure and with more confirmations, a Bitcoin transaction will be settled deeper on the blockchain and will be impossible to reverse.

Depending on your transaction value, you can wait for 1, 3, or 10 confirmations before complete a trade with your trade partner.

How many Bitcoin confirmations is enough?

1 confirmation: sufficient for small payments less than $1,000.

3 confirmations: for payments $1,000 - $10,000. Most exchanges require 3 confirmations for deposits.

6 confirmations: good for large payments between $10,000 - $1,000,000. Six is standard for most transactions to be considered secure.

10 confirmations: suggested for large payments greater than $1,000,000.

[Faisal2202]

You can imagine that large companies such as merchants or Microsoft are international companies that are known to the majority by using one of the crypto payment gateways such as Bitcoin, Have you not noticed that if you make a transaction with Bitcoin, your transaction cannot be disturbed, blocked by any party, not the same as traditional banks and others, isn't that the biggest use of Bitcoin apart from storage and investment assets.

I can't agree more that unlike banks and other centralized authorities, your transaction can't be blocked. Although once you broadcast the transaction and it becomes valid after validation, miners can choose not to add it to their blocks because they usually prefer the ones with higher fees, but that does not mean all of them won't add your validated tx. Eventually, they will, but there is a downside to it which we must mention.

Which is when miners do this, like when they become greedy for tx fees, which I won't even say is greed, but this can ultimately delay your transaction and your invoice time could end, as sometimes it can take longer. So for a normal Joe who doesn't know how to bump it, hell, who even doesn't know if this exists, they see it as a bad method.

Although that's the start of two things. One, they will abandon it. Second, they won't and will learn about it to solve the issue. As the payment is stuck, so they will learn how to bump it, ask questions, and eventually they will come around. That's why many vendors complete the deal even at 1st or 2nd confirmation. Some can wait for more, but unlike banks, once the tx is confirmed, it won't return back and no one can scam anyone.

[Johnlomape]

Bitcoin brings you benefits in all aspects, only you can get the benefits of Bitcoin by using it. If you use Bitcoin for transactions, then you can complete transactions with Bitcoin from one country to another at any time using an internet connection over long distances. And there are other aspects where this Bitcoin is most effective against inflation.

Bitcoin is anonymous in transaction although it does not mean that people will not be able to see the transaction on the blockchain but it has the privacy standard to make it hard for people to know who actually owns a wallet that must have made a transaction on the blockchain. It is only when a wallet address is linked to a centralized exchange that can be easily for the exchange to know who actually owns the wallet since all centralized exchanges often ask for KYC information from their users.

There so many purposes people are holding Bitcoin and it can be for investment purposes or for trading. Everyone uses Bitcoin different to carry out transactions without a centralized platform in charge.

[MusaMohamed]

Bitcoin is anonymous in transaction although it does not mean that people will not be able to see the transaction on the blockchain but it has the privacy standard to make it hard for people to know who actually owns a wallet that must have made a transaction on the blockchain. It is only when a wallet address is linked to a centralized exchange that can be easily for the exchange to know who actually owns the wallet since all centralized exchanges often ask for KYC information from their users.

Bitcoin is not a privacy and anonymous blockchain, it is unlike Monero blockchain.

Bitcoin users have to learn and practice well to achieve privacy and anonymity but what they achieve will still be less than with Monero blockchain because Bitcoin blockchain basically us a public one, and it's traceable.

From non custodial wallets, change addresses, UTXO selections, and Tor for privacy and anonymity.
General guide for Bitcoin transactions.
Bitcoin privacy [Guide].

[healthrebuild]

I completely agree with this perspective. Speculation and price hype can bring short-term attention, but true value comes from real-world utility. For Bitcoin to mature, it needs to be integrated into daily transactions, global remittances, and peer-to-peer support systems, especially in areas where traditional financial architecture is restricted or failing. Focusing on scalable solutions and making the technology accessible to everyday users is what will drive organic, long-term adoption.

[ruykeri]

Bitcoin brings you benefits in all aspects, only you can get the benefits of Bitcoin by using it. If you use Bitcoin for transactions, then you can complete transactions with Bitcoin from one country to another at any time using an internet connection over long distances. And there are other aspects where this Bitcoin is most effective against inflation.

Bitcoin is anonymous in transaction although it does not mean that people will not be able to see the transaction on the blockchain but it has the privacy standard to make it hard for people to know who actually owns a wallet that must have made a transaction on the blockchain. It is only when a wallet address is linked to a centralized exchange that can be easily for the exchange to know who actually owns the wallet since all centralized exchanges often ask for KYC information from their users.

There so many purposes people are holding Bitcoin and it can be for investment purposes or for trading. Everyone uses Bitcoin different to carry out transactions without a centralized platform in charge.

If Bitcoin adoption increases then maybe this exchanger will not be needed. Then people will do direct Bitcoin transactions among themselves. And I think the purpose of KYC of exchanges is related to security issues in addition to this, they can also do this to get personal information. It might be possible to control security issues without Direct KYC, but maybe if someone intentionally cheats during a P2P transaction, then if the amount is large, the exchange can lock that person's account or the fund already sent to other wallet address then they may give the cheater's personal information to the person who was cheated, so that he can take action against that person. Although I have not seen any case where an exchange has given information to a person. But it is not impossible. If a person requests help through law enforcement, then maybe the exchange can give the information who cheated. But it is right that complete decentralization is not possible when using exchanges. Because personal information and wallet information are being given to an organization.

[ZAINmalik75]

What do you think will be the biggest use case for BTC beyond simply holding it?

For what it was originally created for: using it for making payments and p2p transactions. I believe this is already in the second position when it comes to Bitcoin's use cases, the first position is obviously occupied by investors and long-term holders, but the second position is still held by Bitcoin being used for payments and transactions, and it will surely increase as we move into the future because as more people understand the importance of this use case, they will surely use it this way as well instead of just buying and holding it.

One of the biggest advantages of Bitcoin's this use case is probably cross-border payments that can be made without any hassle with Bitcoin whereas traditional banking channels would make you do a bunch of paperwork, waste so much of your time, and might even charge you a hefty amount for it, but with Bitcoin, it can be done within a few minutes that too with minimal fees if the network is not congested. As more people start to understand these simple things, they will surely prefer Bitcoin over traditional modes of sending such payments.

[Queen uloma]

For me, payment will be one of the biggest use cases for BTC beyond just holding it. If bitcoin can become more easier and less expensive to use for our everyday transactions, most especially across borders, it will make more  sense. The thought of using your BTC without giving up custody is also interesting.

[Antotena]

Everything you're saying is a product of a centralized platform. Bitcoin never offered loan products, staking, or anything like that – it's just decentralized money. The products you're talking about come from third parties, and when someone uses those products, it means they've already been given up custody and are trusting a third party to manage their assets. So basically, they no longer have full control over their assets, and whatever policies that third party has, they need to comply with them in order to keep accessing those features.

Anything outside Bitcoin is created by centralized services. There is nothing like lending and borrowing including lock up period where exchanges gives peanut percentage to people to lock their funds. All this strategies is to get liquidity from customers and in that period, they get back more after using the money for what they want. The exchanges are literally like bank, they feed on people with different services and gain from their liquidity while they get peanut.

What's intriguing about centralized exchanges is that they are all feeding on the glory of Bitcoin. They make money when Bitcoin see adoption, they make money when Bitcoin makes bull run, they make money when something good happens around Bitcoin, they literally makes money from Bitcoin and don't pay anything to anybody other than tax they pay and some don't even pay. This alone tells you more about Bitcoin adoption.

[lionheart78]

For me, payment will be one of the biggest use cases for BTC beyond just holding it. If bitcoin can become more easier and less expensive to use for our everyday transactions, most especially across borders, it will make more  sense. The thought of using your BTC without giving up custody is also interesting.

I also agree, being acknowledged and promoted as a mode of payment will definitely boost the adoption of Bitcoin.  With that, I believe that Bitcoin needs to upgrade the volume of transactions processed every second and at the same time shorten the time for payment to be settled, or at least make a way on enabling payment completion without waiting for the default confirmation just like lightning network. 

So, for payment method adoption, Lightning Network promotion must be emphasized much better if developers can develop a more advanced 2nd layer than the current Lightning Network technology.

[batang_bitcoin]

For me, payment will be one of the biggest use cases for BTC beyond just holding it.

It is the first feature that has been introduced and we're using it still today as is. So that won't be the hype that it will have, no hype needed and that's right. But we can't stop each other from by holding it.

If bitcoin can become more easier and less expensive to use for our everyday transactions, most especially across borders, it will make more  sense. The thought of using your BTC without giving up custody is also interesting.

There's the lightning network and the speed is still the same but the fees have dropped a lot significantly for each transfer.

[Obim34]

For me, payment will be one of the biggest use cases for BTC beyond just holding it. If bitcoin can become more easier and less expensive to use for our everyday transactions, most especially across borders, it will make more  sense. The thought of using your BTC without giving up custody is also interesting.

Less expensive, as in fees?

Fees are expensive when sending from a centralized exchange, from a non-custodial wallet, fees are cheap and affordable. One can also adjust the fees, making it cheaper. Using Bitcoin to pay for smaller services like coffee may not be very comfortable, but the fees could cover most daily expenses, whatever cross-border payments, Bitcoin is highly functional.

[laspol65]

Bitcoin always has its own control, no government or any central bank can control it, you have the key to Bitcoin. How important it is for us to use Bitcoin is what people say when they face various problems, and Bitcoin users certainly know how reliable a virtual currency it is. If someone is advised about Bitcoin and thinks that Bitcoin is not necessary for them, then I think they should not be persuaded too much, rather, those who believe in Bitcoin with their own knowledge always want to hold Bitcoin.

There are the most advantages of using Bitcoin, you can make transactions with Bitcoin at any time at any moment. No need to maintain any kind of serial, it is possible to send Bitcoin anywhere using only an internet connection. There are more advantages in holding Bitcoin than in transactions, that is why I want to say that people face various obstacles and refrain from using their domestic currency. And gradually they start leaning towards Bitcoin, that is why the interest in using Bitcoin is the most due to the most advantages in Bitcoin and people are using it with more and more reputation in different countries

[Rengga Jati]

There so many purposes people are holding Bitcoin and it can be for investment purposes or for trading. Everyone uses Bitcoin different to carry out transactions without a centralized platform in charge.

So far, these are the most commonly utilized or encountered benefits. We understand that, in some respects, we might hope for more. But, holding or even trading Bitcoin is currently highly valuable. Furthermore, the benefits available can vary. Especially when specific platforms offer particular services involving Bitcoin. As a currency? Of course. that is precisely what we look forward to. Unfortunately, but, it remains prohibited in some countries, posing a significant obstacle to Bitcoin's progress in those regions.

[RGBTC]

The thought of using your BTC without giving up custody is also interesting.

That is impossible to do; if you want to spend, you must relinquish ownership (the Bitcoin must leave your custody). This concept is nothing new; DeFi lending platforms, in particular, coined those slogans to make users feel as though they still own their Bitcoin when in reality, they don't. Furthermore, this only heightens the risk of exploitation, as users' Bitcoin is aggregated into a few hot wallets controlled by smart contracts that are generally vulnerable.

[shinratensei_]

The thought of using your BTC without giving up custody is also interesting.

That is impossible to do; if you want to spend, you must relinquish ownership (the Bitcoin must leave your custody). This concept is nothing new; DeFi lending platforms, in particular, coined those slogans to make users feel as though they still own their Bitcoin when in reality, they don't. Furthermore, this only heightens the risk of exploitation, as users' Bitcoin is aggregated into a few hot wallets controlled by smart contracts that are generally vulnerable.

Closest thing to it might be Trustless Bitcoin Vault and it's pretty interesting concept currently on testnet even though you're right on point with the smart contract vulnerability and illusion of self custody, even though TBV branded itself as trustless but it's better to understand it as bypassing the need to mint and bridge instead of spending without giving up custody which the sentence itself is oxymoron. Can't use bitcoin as collateral if the collateral can't get liquidated because the collateral was not on the custody of liquidator.