[nunyabuizness]

Well it's pretty easy to spend an asset that's consistently increasing in value... the real test of it's utility as money is how many businesses and people have started accepting Bitcoin recently.

[mrb]

160k merchants, 3-6 million users. https://www.jbs.cam.ac.uk/fileadmin/user_upload/research/cen...

[grwthckrmstr]

You should also look at this as % of merchants and users in the world.

Is it 10%,50%,or 0.001%?

[oh_sigh]

What percentage of merchants and users accept HKD?

[TomK32]

100% in Hongkong, which is also where the most HKD are circulated.

[mrb]

Pointless comment. Bitcoin is a borderless technology. There will never be, by design, a "Hong Kong-sized" area with BTC accepted everywhere. That is, unless BTC achieves world domination :-)

[oh_sigh]

OP asked "in the world"

[vsl]

If BTC was circulated in only a Hongkong-sized area, that would be a fair comment. It isn't, the area of its circulation is the world.

[whateverman2]

Or hamburgers? After all, you can trade them for the local currency. Hamburgers must be a currency!

[ForHackernews]

Why would you ever want to spend an asset that's increasing in value? Seems like a useful currency should be mildly inflationary.

[Buge]

Why not dump your entire life savings into it right now?

Because there's risk, it fluctuates, there's no guarantee it will always go up. People need to decide to what degree do they want to invest and be exposed to the risk and reward. Say someone decides they want 1BTC of exposure, and are contemplating buying an item of 0.01BTC. Would that really be a big deal? Small changes in the degree of exposure shouldn't be a financial problem to worry about.

[ForHackernews]

> Why not dump your entire life savings into it right now?

Plenty of the bitcoin true believers have.

Everything you're talking about makes sense for investing in a commodity, not for a currency.

[mrb]

The answer is very simple: no one is absolutely sure BTC will always gain value.