[vog]

> In terms of convenience, security, and ease of use it (Bitcoin) is clearly worse.

Not just that, but most importantly in term of scalability.

At the moment we have less than 5,000 transactions per 10 minutes, which are less than 100 per second. Compared to what old-fashioned fiat banks handle, this is a joke.

Bitcoin does have its place in the world, but not as a full substitute of fiat currencies.