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A comment on Bitcoin, I've Been Here Before. Parent comment

Re:Bitcoin, I've Been Here Before by brucephillips on Friday December 22, 2017 @06:49PM (#15991870)
> I speculate that at first people want to use it as a store of value, but after a critical amount of holders, and having a lighting network, users and merchants could also adopt it as a currency.

Why would they? Why should I buy things with BTC instead of USD? The fact that I've yet to hear a convincing answer to this most fundamental question is the strongest indicator that BTC is a bubble.

I do agree that BTC could become gold, though.

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Re:Bitcoin, I've Been Here Before by nadam on Friday December 22, 2017 @07:07PM (#15991964)
If you already adopt it as a store of value it can be convenient to use it also for payment if:

- it is convenient

- has low transaction fees

- fast

But I agree, store of value is the most realistic mainstream usecase of cryptos.

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Re:Bitcoin, I've Been Here Before by brucephillips on Friday December 22, 2017 @07:10PM (#15991992)
USD beats BTC in all of those features.
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