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by pooploop64 5 days ago
We're talking about two different things. I've never doubted that there will always be some people out there pumping and dumping their meme asset until we're all dead. There's still people trying to rally the gamestop thing. But I wanted a currency man. I wanted to buy stuff from artists and tradespeople without christian fundamentalists at some credit card company having to like it. I wanted to truly own my money. And I wanted to be able to buy stuff like food with it, WITHOUT losing money to exchange fees before I can ever use it anywhere. In those regards, distaste for bitcoins many showstopping flaws absolutely made crypto in total go away. Even the people who like it won't talk about it anymore because it's embarrassing. If it was common knowledge that there are other currencies that don't have Bitcoins problems, we could have been in a very different place. But almost 20 years later I still can't use any cryptocurrency for anything except an alternative to Western Union for the literal one person I've ever known who's actually willing to use crypto for a real purpose. As for the air conditioning or whatever, it doesn't matter. Everyone already left.
1 comments

I share your frustration with the sluggish uptake as everyday currency. This is, however, a social and political issue rather than a technical one. People don't see the problem with just using US government dollars; they buy the energy FUD; they see the IRS telling you that you need to track and pay capital gains on your 5000 sat coffee purchase, and they walk away. A new blockchain with a different monetary base and different technical properties isn't going to change this. Most people just do not yet understand why one would want an uncensorable, self-sovereign money. This will eventually change - maybe within our lifetimes - and when it does, Bitcoin will still be there.