Bitcoin is far too slow to be used as a currency (without external layers that compromise decentralization and/or security). Also, the limited supply of BTC will eventually cause massive deflation (which is worse than inflation).
Also, why would you spend an asset that could double in value in a matter of weeks.
Conversely, why would you accept payment in a currency that might drop sharply in value?
BTC may evolve into a decent store of value, but I hope not, due to the massive amounts energy that mining consumes.
“You can fool all the people some of the time and some of the people all the time, but you cannot fool all the people all the time.” Lincoln
Excellent info, thank you!
Bitcoin is far too slow to be used as a currency (without external layers that compromise decentralization and/or security). Also, the limited supply of BTC will eventually cause massive deflation (which is worse than inflation).
Also, why would you spend an asset that could double in value in a matter of weeks.
Conversely, why would you accept payment in a currency that might drop sharply in value?
BTC may evolve into a decent store of value, but I hope not, due to the massive amounts energy that mining consumes.