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.
Bitcoin was not designed in the way you are describing it. Bitcoin was not made for people to use it to buy groceries and everyday spending with. It is meant as an investment option, similar to gold.
Bitcoin is also fairly anoymous, especially if you use multiple addresses. Think of bitcoin as gold and compare them. They re both investments but Bitcoin has the abilibity to be spent online.
I think you are wrong, sir!
Bitcoin is not intended to become just an asset, a gold, or a gem to be kept. On the contrary, it is meant to be used as a form of money to be spent for the things you need and you want, regardless of whether is groceries or a cup of coffee. This is a decentralized form of payment, a mode of payment that does not pass through some medium or central authority, peer to peer, in other words. Remember that during the early days of bitcoin, the first famous transaction was when a pizza was bought with 10 bitcoins.
Bitcoin is to be spent. That was the vision of Satoshi Nakamoto. It was not foreseen though that the value would appreciate so much so quickly that people would no longer want to spend it.
