Though I might be wrong on this but I think the main or the core reason of creating bitcoin was to use it to trade p2p which is to buy goods and services online but that part or function of bitcoin creation is not working perfectly yet and I don't know if it will work in the nearest future. Because everyone one is going into the investment aspect of it and not the goods and services function. As for me the most interesting part of bitcoin is the part you can use it to buy something like Laszlo Hanyecz who used bitcoin to buy Pizza.
The main reason for creating bitcoin cannot work at the moment, so it's not surprising that it is still yet to start functioning, and one of the reasons why we still don't get lucky to be using bitcoin in the way it was created is because the way currency is, nobody regulates it; it controls itself, including the market, and it's a decentralised currency. Since we can't use it without government approval, you can see that there is no way we can use bitcoin as a means of making payments in our respective countries, and you know the government won’t allow something they won’t take their part or control in the country.
However, another thing is that all these big investors and businessmen and women are not ready for bitcoin. Although some of them knows that it has many freedoms that will make their business easier without them stressing themselves, the only thing here is that these people are not ready to learn, and some of them are still scared of bitcoin since the government has made it prohibited for them. If they start using it in their stores, they may later lose the funds. That is what some are thinking.
While some did not want to learn, sit down and learn the whole process of bitcoin transactions as it will take their time before they understand the process, so they feel it is better to continue using their fiat currency that is regulated by the government. There is still the problem of how people view bitcoin in your area because some people who are unaware of it still think bitcoiners are fraudsters. They use it for fraud, which is why they can’t accept it, although to me the only obstacle that bitcoin is still having is the government.
I like to do that but no store in my area is accepting bitcoin in fact they don't even know the name. And those who use exchange to buy bitcoin because it is the fastest way to acquire bitcoin.
Yeah. Bitcoin cannot be accepted because of the government. In my opinion, those who buy good and sell will find it difficult to do that because they go and buy from another store to sell, so what if they accept and where they are buying something does not accept? If you can see that, it will be a very big challenge for them.
However, let me just say that bitcoin is for the new generation as everybody is adopting the cryptocurrency, and of course, I think these investments are pushing people to learn about bitcoin, so to me, it’s perfect when we have millions of investors, even if the government later accepts it as another means of making payments in a country. They already have people who know about it, so they will teach others who don’t know anything about it.
People who buy bitcoin in exchange know that many people are doing p2p, so they buy it and move it to their wallets, where they can store their bitcoin. As you know, exchange is not safe for storing bitcoin.