Why use Bitcoins ?
I keep seeing threads on “why don't people” ? The real question to me is Why would they ?
-The average consumer will go way out of their way to save money. Bitcoins cost more.
-The average consumer will usually pay a little extra to have convenience. Bitcoin is less convenience and more hoops and complications.
I just cannot see any reason for the average consumer to use Bitcoins. Until average consumers start using Bitcoins they will just be an experiment and a small speculative bubble.
I have my personal reasons, I am interested Bitcoins them as a tech person, speculative investor and person that follows evolving treads and markets. I am just struggling to see any.. benefits for the average consumer at this stage.
why use bitcoin? because bitcoin It’s fast When you pay a cheque from another bank into your bank, the bank will often hold that money for several days, because it can’t trust that the funds are really available. Similarly, international wire transfers can take a relatively long time.
Using banks can be hustle! Many people like to be off-the-radar and
bitcoin is perfect for them. Using bitcoins have that advantage that you
can control your money and you can sent it to anyone without going to
the bank and answer on questions why do you wish to send someone
$500k and then filling the forms that you own that money and you earned
it in legal way.
I do not use my bitcoins, I am buying and saving them. Using them now
is giving them away for cheap price. In that context it is not good to use
bitcoins.