[hapnin]

Of course only small communities have a majority of btc. Too many people - geeks included - spent too many years believing the fud being broadcast about Bitcoin while others were collecting btc. I've seen the blistering scorn from some here on HN over the years.

When I first ran across Bitcoin in 2010, I thought it was a scam but was intrigued by the tech. After studying it for about a month, I realised it wasn't a scam (though scamsters abound in cryptocurrencies, as in all things money) and went around to my friends in the tech community in my city to show it to them. They know me to be literate in networks and cryptography but only one person in the ten or twelve I approached was equally interested. The rest poopooed Bitcoin, some outright laughing me out of their offices.

Institutional thinking is what kept a lot of smart people from even looking at Bitcoin early on. The findings in this study shouldn't be surprising. In five years, should the internet still be functioning, Bitcoin will be more spread out than it is now.

[eksemplar]

What are you basing this on, your gut feeling? If I look at where I can actually use bitcoins, or crypto currencies in general, the list is dwindling. A few years ago I could buy coffee with crypto, I can’t today. A few years ago I could buy certificates (if I could also pass them) and other Microsoft products with crypto, I can’t today. A few years ago I could rent an vacation home with crypto, I can’t today. Hell these days I can’t even conver crypto into actual money in my country.

Maybe it’s not like that in the US, but the only useful thing I can spend crypto on as a Scandinavian is paying for my domains.

[hapnin]

I'm basing it on eight years of experience in Bitcoin.

"Bitcoin for coffee" and the like is a waste of the tech, imo. Buying network services such as you described is a better use as intercountry payments with debit cards isn't always feasible.

Bitcoin's use is better as a transnational currency when traditional payment channels are cumbersome. To be frank, Bitcoin still has some work to do in the payment channel dept but Lightning Network is getting there.

In the US, there are more than a few places where you can trade out btc for gold/silver and sell the metal for fiat. It's preferable to selling on an exchange, imo.

If you can't spend now, hang onto your btc until you can. Saving is always a good idea.

[qplex]

>Saving is always a good idea.

Not really.

Bitcoin has lost over -50% of its value in the last 6 months.

[hapnin]

Bitcoin has more than doubled in price in the past year.

On an even longer timeline, we're all dead.

[imrehg]

I think Gandi does still accepts bitcoin just fine for their services https://wiki.gandi.net/en/billing/means/bitcoin I was renewing a domain this week,and Bitcoin was listed on the checkout page, and I'm pretty sure it would be for all domain services (such as certificates).