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by eric_cc 1501 days ago
> when it was clear it would never be a currency

But it IS a currency.. It is uses for daily payments and legally considered a currency in multiple countries today. I fully expect that list to balloon up over time.

You're talking about USA in 2022 and not the rest of the world or the future.
1 comments
nwiswell 1501 days ago
Turns out it doesn't matter if the currency is trustless if you still have to trust your counterparty anyhow. In fact it's worse in most cases, since you can't seek recourse from trusted financial intermediaries (chargeback, etc).

For 99.9% of daily cash-equivalent transactions it is significantly clunkier than the new "FinTech" solutions: Venmo, CashApp, Zelle, etc. For purchases, credit cards generally actually offer a kickback so it's not even a contest.

El Salvador gave everyone $30 of free bitcoin. What happened afterward speaks volumes.

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eric_cc 1501 days ago
> Venmo, CashApp, Zelle, etc.

These are layers on top of the dollar. I agree they’re a great consumer experience.

Why not equally nice layer on top of bitcoin?

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