[berbec]

Can I buy a cup of coffee with bitcoin? See above

Can I pay my rent in bitcoin? No

Can I buy my groceries in bitcoin? No

Can I expect bitcoin to hold any semblance of a stable value, like an actual 1st-world currency or standard, quality investment product no?

So if it's not useful as a currency and not useful as a store of value, what is Bitcoin? I really want to trust in the brave new world, but I just can't.

[xorcist]

You can't pay your rent in yen either, but that doesn't make it a failed currency.

I'd be pretty surprised in you could even get that cup of coffee for yen.

[berbec]

But Bitcoin is supposed to be a currency without boarders. If it can't make it in a country with the level of tech-adoption like the USA for the above simple tasks, please help me understand the use case.

[kobasa]

Seems you haven't looked up the history of "1st world currencies" and how they don't in fact retain value over time. Even the almighty US dollar has lost 97% of its value over the past century and it's the reserve currency.

[hudon]

Who cares? No one stores their wealth in USD. You simply buy treasury inflation protected bonds. Problem solved. You only keep in USD your working capital.