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by earnesti
780 days ago
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> I think it has worked well for a lot of people as an investment. Not so much as a replacement to normal money. Replacing normal money altogether would anyway be an huge goal. Personally I believe, long-term Bitcoin is getting there. I've been using it for payments, now and then, for about 10 years. Mostly as an experiment, but sometimes it also is more convenient to pay with BTC. In general there has been slow, but increasing acceptance of BTC as a payment method. For some things it makes more sense than others. The biggest issue was the early misconception of it being good for microtransactions. I would say that it is more for macropayments. |
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It used to be fantastic for regular transactions, such as paying on Steam or to Stripe.
But alas both Steam and Stripe dropped support for Bitcoin due to high fees and long waiting times due to blocks being backlogged.
Adoption for Bitcoin payments peaked years ago.