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by vinniejames
2362 days ago
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A good number of these negative arguments appear to have a similar line of thinking. "I don't know much about Bitcoin, or finance in general, but I can adamantly tell you Bitcoin has no benefit, something something money laundering" |
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Real cash usage is gradually declining, but approximately zero of that difference has been taken up by Bitcoin: https://www.frbsf.org/cash/publications/fed-notes/2018/novem...
Merchant adoption is not just stagnating, it's in reverse: https://www.bloomberg.com/news/articles/2017-07-12/bitcoin-a...
If you contrast this with the speedy rise of M-Pesa, it's obviously a failure as digital cash. It's also a failure as compared with things like Venmo, which are all popular with people doing cash-like things: https://money.com/venmo-cash-app-zelle-better/
So if it's not good for the stated purpose, what's it now good for? No speculation about the future please. Just name a specific, significant group of users, state their problem, explain how Bitcoin solves it better than alternatives (better on their terms, not yours), and link to statistics showing sustained, rising adoption.