[andrewmcwatters]

I have no horse in this race. I don't own any BTC. What I find fascinating about Bitcoin is how completely unapproachable it is. All of this technical bullshit is too much for a layperson, let alone an uninterested developer. If you want normal people to use this as a meaningful currency, the currency has to just work.

So far Bitcoin has proven to me over and over again that it just doesn't work.

What the fuck is "Emergent Consensus" or "Segregated Witness" or any of this? From the perspective of a regular person, I just don't care. I don't see why anyone else should, either. Why is one Bitcoin worth more than thousands of units of the strongest currencies in the world?

[Rmilb]

As a lay person they shouldn't care unless it solves a problem they have. It is only too much for a layperson until bitcoin is a good answer for the problem they have. From women in Saudi Arabia who cannot own bank accounts, to the people of Argentina and Venezuela who are desperate to move their wealth into another asset, bitcoin still offers them an answer despite its great volatility.

One bitcoin is worth more than the current world reserve currency because the market demands it. Even if it is mostly speculators with cheap money that flows from all of the central banks printing it and offering negative interest rates.

[solotronics]

this is the point where you leave the decision making up to those that fully understand. Just because you don't understand how something works doesn't mean its not useful. Do you know exactly how the internet works? probably not. Do most people understand exactly how dollars come into creation? no. Are these things valuable? yes.