[ForkMeOnTinder]

It's been fun watching the goalposts move over the years.

2011 - it's a scam, nobody uses it

2013 - it's a scam, only criminals use it

2015 - it's a scam, no companies accept it

2017 - it's a scam, only small companies accept it

2019 - it's a scam, no countries officially recognize it

2021 - it's a scam, only small countries officially recognize it

2023 - it's a scam, it's not the world reserve currency

[automatic6131]

Wow, it's 2023 and 1 (one) small country officially recognises it (and no one actually[1] uses it there, except for small tourist attractions), no companies accept it, and criminals don't even use it anymore.

[1] Number Go Up by Zeke Faux tries actually using BTC in El Salvdor. Many don't know how, some people tell him to leave, some try but it's strictly inferior to existing payment methods.

[beardog]

>2015 - it's a scam, no companies accept it

I have actively tried to use bitcoin to pay for daily life stuff in 2022/2023 and its basically impossible without converting to fiat. The only 2 bills I can pay directly with it is my VPS host and AT&T. I can't buy groceries with it, pay my rent, fuel my car, or see a doctor. I was once able to buy steam games and Chinese food with it but both have since dropped it.

I would not call bitcoin a scam but I also would not say it is useful currency for Americans.

[lm28469]

More like:

2023 - still nobody uses it

[anon1199022]

2023- Some people don't even know what "nobody" means? But still use it in a sentence. Wow.

[lm28469]

Yadda yadda yadda... and the year of the linux desktop is coming soon(tm) (I promise guys for real this time just hodl(tm) one more decade)

[paulpauper]

BTC evangelists a decade ago were promising mass adoption by now. they were way wrong. no getting around this.

[I_Am_Nous]

I remember John McAfee promising to eat his own dick if Bitcoin wasn't worth $500k in 3 years. He later said those hyperbolic statements were just to onboard new users (making them lies? fraud?) which makes sense as he was doing a daily coin/project shill for a while which pumped and dumped various coins he held.

A real world example of how Bitcoin didn't work, even though it could have worked is Steam[1]. They tried, and while gamers are more likely to be able to handle the intricacies of crypto than most of the rest of the population, there are just some really difficult issues to solve with using raw Bitcoin.

Virtualized networks on top of Bitcoin like Lightning[2] seek to solve some of those issues, but bring their own complexity and issues including finding enough VC money to bootstrap the network into even having money to function.

1. https://steamcommunity.com/games/593110/announcements/detail...

2. https://finance.yahoo.com/news/bitcoin-lightning-network-sca...

[thelastgallon]

Aswath Damodaran: https://www.businesstoday.in/crypto/token/story/currency-tha...

Bitcoin is the currency that nobody uses and a collectible that doesn't behave like a collectible.

He also questioned its role as a hedge, stating, "It's gone up as stocks have gone up, it goes down when stocks go down. This is not the way a collectible is supposed to behave."

[bugglebeetle]

2023 - its what intelligence services use to monitor and steer criminal activities

[anon1199022]

2009 - CIA invented Bitcoin.

With that logic.

[andruby]

I'd love to get some closure in my lifetime about Satoshi and the creation of Bitcoin. Which human(s) actually wrote the paper and the initial code?

Afaik that's still an unsolved mystery with several competing theories.

[anon1199022]

Literally this is what they said for years.