Topic: Debunking the Myth of Bitcoin's Use Case (Read 524 times)

TBH, you are not making much more sense. Why would anyone need to buy the system for the coins or the items to be useful when they can still use the system to send and receive the coins or the items they have bought? What else do you consider usefulness? The coins that you buy can be used to buy other items with it, you can use them to pay for things that you are buying digitally, or in some cases, you can even do it physically, so in what sense do you say the coins are useless?
 
Something that cannot be used for absolutely anything can be called useless, but something that can be used even for just one purpose cannot be considered useless and you should know this before you use the term. Bitcoin isn't useless, if you think it is, you shouldn't use it or get involved, but you can't convince us about that no matter what you say because we can see everything ourselves.

They probably should, but because Bitcoin is a more liquid currency that's easier to obtain because it's more available and it's listed in ALL crypto exchanges, Dark Markets have no choice. If they don't accept Bitcoin, they will fall behind to those services that accept Bitcoin.

Ransomware hackers use Bitcoin especially because of that fact.

I thought they switched to actual-anonymous coins such as Monero a long time ago in the Dark Markets. You know with all the transparency Bitcoin has and with what happened to that Silkroad crap back in the days...

Although illegal, the Dark Markets that were built and that are currently being built, with Bitcoin as the currency to make that economy work is a very important Bitcoin use case in my opinion. There's also the development of the ransomware "market", another very important use case for Bitcoin. It helped generate new ways for hackers to get incentivized for finding software security vulnerabilities, and it forces software vendors to release faster security updates. But people in general are too stupid to see such developments.

Better beware of the words you choose because when you call the video "educational", it means that you took away something from it that you deem educational. But the truth is that use cases make something valuable even if those use cases are not any of my direct concerns.

People buy gold because it is scarce, it can be used to produce jewelry, it can be used in electronics because of its conductivity score of 70%, gold can be used in medicine and dentistry and it is used in space exploration because of its shield properties against radiation and heat. ^source

Now what do you think how many of the use cases are people directly affected by or dealing with when they buy gold? I am sure not a lot of the investors have anything to do with space exploration or are building electronics themselves or need gold as a practicing surgeon or dentist. Yet it is a highly accepted asset class.

When someone buys BTC because of its use cases, but doesn't take advantage of all the use cases, does it mean that the use cases do not exist on an individual level and that all these use cases can't justify and increase the value of an asset for someone who doesn't make use of that asset in many ways?

BTC use cases, the whole range of it, is not yet even explored in its entirety. There is no "debunking the myth of Bitcoin's use case" here. There is only debunking of the lack of understanding of the video creator and those who distribute it as "educational material".

If you go to El Salvador, bitcoin is the legal tender and there are many shots that accept it as payment.
As first hand experience, I have seen and have also paid for physical goods in the "real world" using bitcoin in my own country.
There are countless online shops and services that accept bitcoin on the internet as well. From Microsoft to VPN companies and to all the vendors selling physical goods, both centralized and decentralized using tools such as OpenBazaar
...

As they say "there are none so blind as those who will not see".

So what's it to you? Why did you felt the need to open this account and desperately try to convince us otherwise?!

I'd even be so bold as to suggest that acting as a currency is a use case, and a pretty important one at that. For me, there's a few roadblocks from making it a major global currency:

1) Ease of use
2) Transaction fees
3) Volatility

Perhaps with time all of these things will improve, but I gotta admit, it was a recent bummer waiting one day too long the other day before cashing out BTC to pay for rent and waking up to a -10%.

But in technical terms, it does exactly what its supposed to do with marked consistency. That is a sign of strength of the fundamental building blocks of a stateless digital currency, which is also a use case.

Either you choose to follow this person or not it is your decision and just because this person provides their point doesn't mean they are right.

I can't even count how many times I have use Bitcoin to purchase items online, like expensive things, including Bitcoin mining hardwares that cost me thousands of dollars.

My bank don't have to know that I spent thousands of dollars on hardwares, since I am not using bank account or credit/debit cards to make payment.

And another good reason why Bitcoin is useful is because you are a step ahead of the banks, no monitoring from the centralised leaders, you can be a millionaire in Bitcoin and nobody will know, not even your banks.

My life changed thanks to Bitcoin, the life I am living today is all because of my investment with Bitcoin, investment wise Fiat can never make me this rich, Fiat only knows how to shrink your worth, unlike Bitcoin.

Sure, whenever you transfer an item from one buyer to another you are using some system. But we are talking about the usefulness of the item not the system. That's why I said that you buy coins not the system when you buy Bitcoin. It is the coins what is useless.

Regardless aren't you using that system when you buy and trade that coins?  We cannot ignore the fact that the time we bought that coins, we are using that so-called protocol, I am not debunking your idea that when you buy Bitcoin and pay it to our purchases, we are simply trading that coins to other people but there is a system lying behind that action that we are using that is included in our Bitcoin transactions.

Fiat useless? How is something that can save millions and millions of people from liens that banks have on their cars, houses, land and other property useless? How is something that can pay off government bonds and thus benefit taxpayers, useless? Why are you Bitcoin evangelists playing dumb all the time? Aha, I get it. You want to dump your digital snake oil on someone else. You want to get as much of useful fiat as possible in exchange for your useless coins. You were tricked and now you want to tricks someone else. Gotcha.

What technology are you talking about? You have a simple protocol that connects computers to transfer useless virtual coins from one address to another. It is those coins that you buy not the protocol and computers.

That's one hell of a stupid video, if you can say that none of us are using Bitcoin but trade it, then Fiat currency is also useless, what is Fiat currency useful for than means of trading and medium of exchange? Bitcoin also do the same.

The use case doesn't end there, I trust Bitcoin more than Fiat, because it is decentralised, while Fiat is centralized, I stop using my bank account as my means of storing my funds, Bitcoin just works better for me than fiat, still think that Bitcoin has no use case?

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The person who wrote the script for the video is the one who can't find a usefulness for Bitcoin, in his own world...

1. No store of value.
2. No ROI.
3. No need for decentralisation.
4. No medium of exchange.

But for many people, Bitcoin is more useful than anything else, its the peoples coin, only if people can see its usefulness.

Well, Fiat (Paper) currency have a good "use case" ... you can wipe your ass with it, when it lose all it's value in the coming years. 🙄 You are doing the exact same thing with Fiat currencies, because it gets issued and it goes from customers to merchants to Banks and back to customers via the Bank and then from customers to hookers panties and back to Banks... etc.. etc. (Or the nostril of a drug addict)

That is basically how any "currency" works.... you trade one thing for another... and with Fiat currencies it is the worthless piece of "paper" with a government signature on it or a digital entry on a Bank database or a digital token on a Blockchain.

Just one question, when you trade Bitcoin aren't you using the technology behind Bitcoin? And as far a I know that Bitcoin isn't just a cryptocurrency to trade but a system that has its own structure and function, also called a technology...,

There's literally no difference between trading any item - it just means transferring it from one buyer to another. But again, the video doesn't debunk the myth of trading Bitcoin, but the myth of using it. Literally every item traded on the market except Bitcoin and its children called crypto currencies, has a use. They have both a 'trade case' and a 'use case'. Bitcoin, on the other hand, has only a 'trade case'. It can only go from one buyer to another. That's a fact. Then, you Bitcoin evangelists come along and start engaging in rhetorical tricks and semantical manipulations by declaring that trading an item is the same thing as using it. Even though you know it is not. Basically you're playing dumb. You deliberately misrepresent reality because you want to dump your useless Bitcoin on someone else. You're selling digital snake oil by using tricks and manipulations. It's really that simple.

Ever think the use of capital B and small b when we talk about Bitcoin?

I agree that when we pay for something we are trading like paying bitcoin for bills and other purchases but little we know that when we do trade in bitcoin we are using the Bitcoin network to transfer units of Bitcoin.  That itself conveys the real life use case of Bitcoin.  Trading bitcoin make use of the Bitcoin network now @OP how can you debunk the fact that when we trade Bitcoin we are using very network of Bitcoin itself.


I believe the creator of that video had missed something important and that is Bitcoin being the decentralized digital currency system or what we know as the Bitcoin blockchain Technology.

There's literally no difference between "trading" bitcoin for a new TV or "trading" dollars for a new TV. Your argument (which has been wholly disproved six was from Sunday in this thread already) has now been diminished to a matter of meaningless semantic differences.


You're right, that is complete nonsense, and it has nothing to do with what I was saying at all.


Simply repeating your initial thesis ad nauseum does not make it true. People are out there using bitcoin for several different reasons on a daily basis, without your knowledge or permission. They will continue to do so, regardless of and contrary to your personal beliefs.

Not used as a currency, but traded as a currency. Even useless items can be traded as a currency given that general acceptance is the only requirement to meet the definition of a currency. Also, the term "used as a currency" is meaningless given that "currency" is a generic term. When we go to specific examples only then we can talk about use. In the past, gold was a currency. Currently, the dollar is a currency.  The first is used as jewellery, an electroplated coating, dental restorative material, etc. The second is used for satisfying debt owed to commercial banks and FED. So basically, when you say that Bitcoin is "used as a currency" you're suggesting that Bitcoin is used as jewellery or for satisfying debt owed to FED, which is a complete nonsense. Bitcoin cannot be used for anything. It can only be traded. It is hilarious how you people use rhetorical tricks and semantical manipulations to try to argue that Bitcoin has a use case. When you buy Bitcoin you're witnessing first-hand that you cannot use it for anything. But regardless, your are spreading that myth about its use case. Indeed hilarious.

Well it worked because it was a good exercise to remember wherein the primary value of bitcoin lies, which is the fact that it is actually used as a currency, as per the creator's intentions. Sure FOMO pumps and pure market manipulation can be fun but the adoption of bitcoin managed to get where it is today not just because of its usability but the brilliance of its underlying technology.

You perfectly expressed the myth debunked in the video. This is how stories about Bitcoin look like. You deny reality and misrepresent 'trade case' as 'use case'.

You sincerely don't have enough evidence or points to back this up right?I see you're new here and you really need to go hard on this;on facts,and this journey of bitcoin mastery.
Its not everything you see or hear about bitcoin is exact.Some items and opinions that you seek comes from learning and research.Some of this clips you'll normally watch can misdirect and inculcate you wrongly.

Exhibit a good study habit,grind and chew every piece of information into perfection and an effective knowledge/ understanding.
You can as well have an undeniable and quality time while studying Bitcoin white paper by satoshi Nakamoto.

It's not words. It's real life. In real life whoever buys Bitcoin cannot do anything with it which is why they must dump it on another buyer. Investing, paying, buying, transferring... all these words mean the same - dumping coins on someone else. You know very well that the coins have no use. But you cannot admit it because you want to dump them at as high a price as possible. All holders want to do that. They know the truth that the coins are useless - after all, they are witnessing this first-hand. They know they need new suckers to dump the coins on them. In the process, they want to profit as much as possible. Telling the truth would thus go against their interests. So they naturally spread the myth debunked in the video. Or play dumb like you and other responders here.

though its merchant adoption is not as universal as fiat.. its a currency because i can pay my bills with it. and i have/ do

though right now in 2024 im more of a holder as the bitcoin market speculates and im not ready to sell, previous years i used it to buy things
 plane tickets, furniture, fast food, novelty items, asics, home appliances.. heck i even bought alot of stuff like:
blankets, cellphone-battery-backups, underwear, socks, hats and other things when i donated goods to a ukraine refugee supply run campaign.
but thats previous years. i personally havnt checked recently

yes its not as universal and easy to just walk into any shop and pay with bitcoin without research prep to know which merchant to use... but there are alot of places that you can finds goods for bitcoin if you really look..

edit:
i just thought of a random purchase and checked if i can do it with bitcoin in 2024.. and yep..
the random thought was a movie ticket for the new godzilla movie.. and yep. i can

edit 2:
another random purchase thought.. socks.. again yep i can

edit 3:
another random purchase thought.. plane tickets.. again yep i can

so yea still a currency

I'd actually even be fine with OP arguing semantics, if their arguments would be internally consistent. But as soon as the argument gets extended to fiat currencies these are miraculously exempted from their particular definition of "use" by some handwavy reference to government backing. It's almost as if their whole argument is not actually... useful.



YouTube views, presumably.

LOL
you are just playing with words because you want to prove your wrong view of Bitcoin's usages. It's like arguing that we are not currently "communicating" with each other because this is in text form and without "voice"

No my dude, each time anyone gets paid in bitcoin, uses bitcoin to purchase something, and even when they invest in bitcoin they are using bitcoin. That is the definition of use cases of money. You use it as a medium of exchange and you use it for store of value.

The real remaining question that got me curious is what is your goal?

So, you engage in red herring because you're unable to provide a rational response to the video. Gotcha.

This video was uploaded one day ago by a newbie Youtube account that nobody follows. So I am going to assume it is your account and your video. It seems to be an AI voice reading a bullshit text that you wrote yourself and are now trying to pass it off for as some kind of actual knowledge.

You have no idea what you are talking about and your video version of a spam text was unnecessary. Thanks for wasting everybody's time.  

edit: enough posters have provided an adequate response to the video. Everyone seems to be in agreement that it is not factual. There is not one person in this thread that is in agreement with OP.

So, what anyone can do with Bitcoin besides selling it to someone? Currently, you have the whole army of holders. You have masses of people who bought Bitcoin. What can they do with it besides transferring it to other market participants? Or take the following thought experiment because you Bitcoin supporters love to compare Bitcoin to fiat money:

Suppose you hold all the issued dollars and bitcoins. Question: what can you do with them without selling them on the market?

Let's start with dollars. The dollar is debt owed to banks. It goes into circulation when commercial banks issue loans to individuals and companies or when the Federal Reserve purchases government bonds. Consequently, the banks take it back for paying those loans and bonds. So with your dollars, you can benefit millions and millions of people by repaying their loans and removing liens on their cars, houses, land, etc. Also, you can repay government bonds subscribed to by the Federal Reserve. In that way, you can benefit taxpayers. An item that can benefit so many people without being sold on the market is obviously useful.

Let's now go to Bitcoin. So you hold all of its supply, which is around 19 million bitcoins. You hold virtual coins that were advertised as being fast, secure, immutable, decentralized, scarce, liberating, etc. But what can you do with them? Well, literally nothing. That anonymous guy Satoshi Nakamoto who put them into circulation via his protocol is not like banks. He doesn't take back issued coins in exchange for some benefit, such as removing a lien. Bitcoin, unlike the dollar, is not debt. So essentially, you're left with just watching the number 19 million on the screen. You have something that everyone can have in an instant by pressing keys on a keyboard. As no benefit can be derived from that, your holdings are totally useless.

No, investors are not just passing Bitcoin to one another for no reason. The reason is to profit from passing it. But still, Bitcoin is useless. When investors acquire it they can only sell it other investors. It's simple.

No, you're not using Bitcoin to send money. You are spending money on a useless coin. As long as there are new buyers of that coin you can get your money back. But if they stop buying you are in trouble because the coin cannot be used for anything.

The "trading" is the use case because that is the use case of currency, which Bitcoin is. "No one who buys it can use it for something"... that makes no sense at all because it can be used as a currency by non-market participants. Like I said, I don't even use an exchange anymore. You're being ridiculously hard headed for the sake of defending an easily debunkable thesis.

Guess if you're right, the price of BTC should be dropping to zero any moment now.

In this context that you're explaining it will mean that trading an item or using the same item as an exchange for something means the same thing, because whatever fiat currency can be used to purchase, Bitcoin can also be used to purchase, so it depends if they're accepting a perticular fiat currency or Bitcoin at the point of payment. So inasmuch as fiat currency has use cases, Bitcoin also has use cases, because they're both used for payments, only difference is that fiat currencies are centralized, meaning that they're owned by governments, while Bitcoin is a decentralized digital currency that is not controlled by any governments. So your definition of Bitcoin, not having any use case and useless is very wrong, please get your fact right.

Bitcoin has high liquidity, so if one buys Bitcoin at a market price, one might not be able to sell it for $1 million in the future, but one can surely sell it for a price that's close to the buying price.
I don't find the trade vs use distinction from the video convincing. Trading is a way of using, so trade case is a part of use case.
Bitcoin has been growing and has been gaining reputation for a long time, without the approval of an "educational video" with less than 50 views on YouTube.

Yeah definitely. It's not easy stumbling upon a video on YouTube with less than 30 views.
Don't really like replying thread with this much reply since I believe others have already spoken my mind.
When I saw debunk I was expecting something that's uncommon.
I never knew there was a myth about Bitcoin use case.
Would OP debunk the myth of Dollar use case?
The uses of Bitcoin are broader than just been a p2p exchange method.
Bitcoin was adopted because there was a market to satisfy.
What's Bitcoin used for?
To serve as a peer to peer exchange method.
Make you your own Bank.
Even the introduction of ordinals has shown it can be used to save datas, images without fear of it been re-branded like history.
Are these trade case or use case?

the video talks about the underlying value backing a currency

bitcoin has a mining cost behind it.. and a security cost.. now go check how much it costs to print a $100 bank note($0.086)
FIAT underlying value is not secured by its minting/printing cost. as that amount is super small
its only backed by laws that enforce its use like fines, taxes and minimum wages which assert people need to use, account and measure their time, labour, crimes and participation as a citizen in fiat

bitcoin does not need the laws of participation to back it. instead people participate freely(freemarket) without force. thus back it along with the mining cost to give it underline value without force, but instead freedom and desire of its abilities and functions and utilities

bitcoin does more functions than fiat does.. it even works as a deflationary currency instead of inflationary fiat, so has many advantages

if the world cannot mine bitcoin for less than $25k a coin, that gives it initial underlying value to pay alteast $25k for it.. then the freedom of participation (desire to use it) adds on the rest
yes the participation is not forced and instead just freely given. but thats the advantage, you are not forced to give a bitcoin government 20%-40% of your participation to a bitcoin government. instead you just use bitcoin because you want to not because a government made you do it

bitcoin has utility beyond fiat capability. which is why people are willing to buy it and use it

Its very simple to understand, you don't have to believe in whatever thing you watch on youtube, some are only there to gain followers and they will say all manners of things to get the attention of people like you, aal i  know is that the use case of bitcoin is multi-functional, you can use it as an asset and a digital currency in making payment, since people believed in its value and uses, we can make it applicable to any interesting aspect of the financial economy in solving our day to day problems, anything contrary to this and not also stated on it whitepaper should be disregarded.

By your definition returning it to its issuers for satisfying a loan or bond debt is only "trade" though, and not "use".

You are not "using" the dollar for anything. You are "trading" it for something you bought in the past.

OP seems to advertise his Youtube channel like other posters discovered.

Endthefud.org is a good website with collective comprehensive resources to debunk many fud against Bitcoin.

There are many use cases with Bitcoin and it depends on people who use bitcoins. Bitcoin use cases aren't depended on Satoshi Nakamoto's vision or our opinion. Like Silk Road, people used bitcoins to buy things on Silk Road years ago and fact is, we can not deny that it is one of use cases of Bitcoin even for purchasing stuffs on dark markets.

Okay, we understood that Bitcoin's use case is a myth but does it really matter whether we use the term trade or use? I use Bitcoin to send money in a way that my privacy is more protected compared to fiat transaction. Is it also a use case when someone sends jpeg image with Bitcoin Ordinals?

It seems that you have put some time in your video but don't ever think that such a video will go viral. They won't, because you touch the subject that no one cares about. I and billions of people will say "I use Bitcoin" because we call it an use when we can do something with it and that includes any kinds of trade.

BTC is a digital currency, it does not have centralized issuers like fiat, neither is it a physical coin that can be forged into another thing of value, and so on that basis you conclude that it isn't useful. I don't know what's your own definition of use case, but to anyone with understanding, BTC is useful and has its own use cases, some of which i am sure you know of, but you just seem to be trolling here.

I reckon you're the author of that video?
You're just using false dichotomy to make an impression of creating some novel thought.
Not to mention other things, you failed to explain why can't "trade" (of any sort) be considered a "use".

You might as well "debunk" the use case of bicycles in your next video, creating a division between "use" and "ride".

BTC>
I think there are many facets and interpretations of the term ‘use case’.

For instance, from a software design and engineering perspective (ISO/IEC/IEEE 42010:2011, Systems and Software Engineering — Architecture Description), the use case could be the problem bitcoin solved, which is ‘double-spending without a central authority.’ As far as my understanding goes, Satoshi was a great maestro in putting all the software stack together to achieve that goal, as we can learn in the research by Narayanan, A. and Clark, J. (2017) ‘Bitcoin’s Academic Pedigree: The concept of cryptocurrencies is built from forgotten ideas in research literature,’ ACM Queue, pp. 20–49. Available at: https://doi.org/10.1145/3134434.3136559.

If I am not mistaken, the OP video reference has a more socio-economic application of Bitcoin.
The core argument of the video is that the only thing you can do with Bitcoin is to trade it on the market, there is no actual use for Bitcoin.

This argument ignores the great invention that Bitcoin represents solving the double-spending problem without a central authority. This is a breakthrough in computer science and cryptography that enables a new form of decentralised trust and digital scarcity. Bitcoin is not just a trading asset; it is a paradigm shift in how we can exchange value and coordinate with each other online.
BTC>

I see you're stilling creating new thread which recycle your points from many previous threads. I've also watched the videos since it's only 3:58 long.

Source: https://bitcointalksearch.org/topic/the-stories-on-bitcoins-value-5476352


Source: https://bitcointalksearch.org/topic/bitcoin-and-the-urban-myth-of-the-money-of-the-future-5474861


Source: https://bitcointalksearch.org/topic/a-simple-reason-why-bitcoin-is-not-money-5472154


Source: https://bitcointalksearch.org/topic/a-simple-reason-why-bitcoin-and-crypto-prices-must-fall-to-zero-5467415


Anyway, when i purchase something with Bitcoin, personally i consider it as usage.

Lol bitcoin wouldn’t have its price today if it did not have any real world use case, do you think investors are just passing off bitcoin to one another for no reason at all?

The reason why people are so eager to buy bitcoin no matter how expensive it might get is because there is functionality if you own a coin. People are purchasing different kinds of goods that are only being sold in exchange of bitcoin so I wouldn’t call that exactly useless.

No, because money such as the dollar, besides being traded on the market, can also be used for returning it to its issuers - banks for satisfying loan or bond debt that was created by putting the dollar on the market. Money such as gold, besides being traded can also be used as jewellery, an electroplated coating, dental restorative material, etc. So, no, money is not useless. Only Bitcoin.

So by that definition, money is useless, right? So, do you want to Venmo me, or go via PayPal...?

But it is true. Bitcoin is useless. Saying "using Bitcoin to purchase something" means "trading Bitcoin."  You can as well say "I am using my car to purchase dollars" when you want to express the fact that you're selling your car. But that's nonsens because it is obvious that cars are used for driving. So, you are not using Bitcoin when you press sell button on your mobile app. You're just transferring its ownership to another holder. Bitcoin cannot be used.

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Paying, buying, selling, transferring, exchanging... All that means trading Bitcoin. It means that Bitcoin can be exchanged among market participants, that it has a 'trade case'. But no one who buys it can use it for something. That means that Bitcoin lacks a use case.

I trade my useless paper i.e. fiat for Bitcoin.

I use Bitcoin to stay away from useless paper, increase my privacy and have full control over my coins.

If you think it's not the use case of Bitcoin, you need to tell me which asset that can be owned as much as possible and no one can see that, no one can access the asset except someone who know the password, can be carry in anywhere, and the value keep increase overtime.

Bitcoin is a P2P Electronic Cash System^[1], its major use case is to allow people transact easily without the need for a third party.

A use case broadly refers to a situation where a product offers a solution to its users. If I anted to trade with you, I would without Bitcoin, I will need to know which country you are in, register on a payment platform supported by both countries, pay good fees and sometimes wait for a while for the payment to be transferred, with Bitcoin I do not need any of that, does not matter if you are my next door neighbor or if you are all the way around the world. And no third party can stop or regulate our transaction.
We are both also assured that our transactions are immutable.

There is no other way to use a digital currency.

[1] https://bitcoin.org/bitcoin.pdf

- Jay -

I don't need to further watching the video because the While I've gone was already fictional forgery of inaccuracy and misrepresentations.

If bitcoin is not a Coin in used aside trading and holding for assets then I'd recommend you on a clear conscience to checkout on El Salvador Adopted Bitcoin as an Official Currency.

You can also check out on most top trading firms which accepts bitcoin for means of payments such as the Microsoft, Newegg, Jamashop, Pacsun and many others evening my locality there are individual running small business firms who accepts bitcoin.
What do you think is the used of multiple bitcoin installed there in Walmart for it it's not for payments and exchange purposes.

I find this video clip irritating not because it's against bitcoin but it's illiciting of false rumours towards a bitcoin technology with series of potentials. I should just let you know that the primarily purpose of bitcoin is alternative means of payments before considering the other potentials of holding for assets.

Don't be fooled for the dollar in question is also traded for assets uses in the local countries as the USD is a universal currency so also the bitcoin is not segregated to be limited in used to other countries unless the individual countries choose to have it on hold but yet it never changes the global attributes of bitcoin being a global digital currency.

You definitely need to get your facts checked because a lot of people around the globe are successfully using Bitcoin for a lot of things and not just buying or selling it. Some months ago, there was news that people in Argentina were using Bitcoins to buy properties. What do you call that then? Isn't that a use case? And if not, then even fiat currencies don't have any use case because if you are using fiat to buy a property, you are trading it for another item and not using it, hence no currency in the world has any use case or anything in general.

Bitcoin can be used just as any other currency in the world as long as there are people willing to accept it for goods and services, and there are some who are accepting Bitcoin which means that it does have use cases and isn't just a coin that is traded in the markets. You probably need to do more research before you reach conclusions or start making assumptions on things.

In the video you said that you can not return bitcoin to its issuer but that is because no entity owns the entire bitcoin network. We, the society, get to decide whether we would want to own it or not.

Calling bitcoin useless is a bit reaching. I do get the logic behind your ‘trade use’ but bitcoin being used to purchase something else is still useful. It might not exactly have the same meaning you keep saying of a use case but it’s also not fair to just straight up call it useless.

Exactly. That what you call 'use' is actually 'trade'. You just transfered the coin to another buyer or you were the buyer to whome the coin was transferred. None of you were 'using' the coin but just trade it. Whoever buys the coin is forced to sell it - to dump it on someone else, exactly because the coin cannot be used for anything. It's completely useless. That's the whole point demonstrated by the video.

OK, so you're telling me all the times I ever got paid in Bitcoin for services/products, that wasn't a use?

All the times I ever used Bitcoin to purchase any sort of physical or digital item, that also wasn't a use?

Seems like the person who wrote the script for this video has extremely limited hands-on experience with Bitcoin. I don't even have an account on a single exchange anymore.

A short educational video explains the difference between 'trading an item' and 'using an item' to show that there's no such thing as a 'Bitcoin use case': https://youtu.be/uNzs9JAKjMY