Real cash usage is gradually declining, but approximately zero of that difference has been taken up by Bitcoin: https://www.frbsf.org/cash/publications/fed-notes/2018/novem...
Merchant adoption is not just stagnating, it's in reverse: https://www.bloomberg.com/news/articles/2017-07-12/bitcoin-a...
If you contrast this with the speedy rise of M-Pesa, it's obviously a failure as digital cash. It's also a failure as compared with things like Venmo, which are all popular with people doing cash-like things: https://money.com/venmo-cash-app-zelle-better/
So if it's not good for the stated purpose, what's it now good for? No speculation about the future please. Just name a specific, significant group of users, state their problem, explain how Bitcoin solves it better than alternatives (better on their terms, not yours), and link to statistics showing sustained, rising adoption.
The best resource is financial twitter (fintwit). The news breaks there, the discussion happens there, and loads of meme-ing also takes place (which is always a nice to-have in a serious place). The only drawback is that most of them lean exactly the way I do. So I can bear the place, but I miss out on a bunch of opposing opinions and it's always a challenge finding someone on the opposite side of the fence.
Do existing approaches have problems, especially the legacy ones? Sure. Nobody denies that. But Bitcoin needs to be better in practice, not just in theory.
I'm sure you do believe that Bitcoin is on the cusp of change. But Bitcoin has been on the cusp of change for 10 years. It's the same routine some Christians have been running for 2000 years: Jesus is coming back any day now. When they predict a specific date, they always turn out to be wrong, but that does not change things: https://twitter.com/williampietri/status/1071833726294749184
I was very interested when Bitcoin appeared a decade ago. It's an interesting idea backed by interesting technology. Of course, so was 3D TV. In both cases, however much the respective fan groups are sure it's superior, in practice the great majority of humanity turns out not to care because the other options turn out to be as good or better for their actual needs.
or hasn't tried to fund their IRA via an ACH transfer but their bank won't allow it bcs rules..
or hasn't wanted to wire money (or receive a wire) for a fraction of the price (and hassle) of a wire transfer.
I have sent hundreds of bitcoin transactions. And I admit that it's not perfect. There's lots of room for improvement. But even given bitcoin's flaws, there are times where bitcoin is massively, gobsmackingly better than the traditional US banking system.
And the US financial system has been around 10x+ as long...
So much expectation born of such ignorance. It's a common problem for bitcoin. But not new. And it hasn't stopped bitcoin yet. and I doubt it will.
I believe we're on the cusp of a state change in the world of digital bearer assets. It's not that bitcoin will simply survive, it's more that programmable digital assets and digital bearer assets will steadily win over most other forms of value.
Unfortunately this isn't the kind of conversation that's likely to change minds - forum chats just don't tend to move the needle for most people who are entrenched in their positions. If we were to have a face to face conversation, I suspect we'd be able to find more common ground.
Oh well, I've watched the tide steadily turn over the last 7yrs. And I'll gladly watch opinion continue to shift over the next decade.