They (banksters) have successfully made Bitcoin unusable, I'm talking about an outdated protocol and exploiting people's mentality for greed.
I'm not surprised - they have a lot of experience and plenty of money to control the general public.
https://www.youtube.com/watch?v=eafzIW52Rgc&t=1049sSlightly less trivial argument against "Bitcoin as cash": Well, but what about the fees? First, sometimes I would have to spend $10 or more on fees to spend my BTC. And second, if everybody was now spending their BTC then fees would skyrocket to $100 or more and make Bitcoin unusable!
Answer: This topic is still a challenge, but nothing to not being solved.
- First you can use Bitcoin for relatively high value purchases only ($100-500+ depending on fee situation).
- You also can create a Lightning channel and refill it periodically.
- And there are also other second layers and altcoins you could use as a "prepaid card" in a very similar manner.
BitVM is a very promising project for sidechains.
- You could even spend your wBTC if you have some and are tired of dubious DeFi "projects" - and buy "real" BTC instead!
- And if you don't care about centralization, use Liquid, RSK or a similar centralized sidechain with small to mid sized amounts - it will also help Bitcoin!
Anything outside the Bitcoin blockchain (wrapped BTC, Lightning Network, intermediaries, etc.) is not Bitcoin - you might as well use PayPal.
Just selling isn't enough. Bitcoin isn't starving from a lack of trading - it trades a lot, what it lacks is real-world usage.
I'll tell you this: if I were buying a car, I sure as hell wouldn't pay an extra $100 fee when there are much cheaper options available.
Currently, central banks offer cheaper, faster, and more private transactions than Bitcoin, with bank-to-bank fees under $5, depending on the bank, country, etc. but I'm not going to compare all banks here, overall, it's cheaper and faster.
People mostly care about speed and fees, privacy comes later, and even later is the freedom to control it (being your own bank).
For Bitcoin to be usable, fees must drop drastically, and the only way to achieve that is by increasing block size - ideally with adaptive blocks like Monero.
But we know how that would go: another split. And why even update Bitcoin to improve it when there are already other forks with bigger blocks? That's a dead end.
At this point, we can only assume that Bitcoin is just another investment stock - a decentralized one - but who cares? It doesn't change our lives the way we wanted.
All in all, Bitcoin is just another brick in a wall of other stocks.
