[bart_spoon]

> Bitcoin is working

It isn't working though. It isn't practically useful for anything. They only people getting value out of bitcoin are doing so by converting it back to fiat. You can't buy virtually anything with Bitcoin.

If Bitcoin was meant to be a pyramid scheme where you get rich by convincing others to prop it up long enough for you to cash out, it is working. As a currency, its a total failure.

[derangedHorse]

This is a false statement, communities have found value in Bitcoin. El Salvador being the go-to example but we're also seeing adoption in other places, exemplified by the acceptance of Bitcoin at the Venezuelan airport. In addition to that we're seeing companies dedicated to the ad-hoc conversion of crypto to local currencies using specialized debit/credit card. This will effectively help facilitate the move to the ubiquitous spending of crypto.