They are parts of Bitcoin history, as fuel to help Bitcoin growing up more and stronger with time. They are like necessary vitamins for Bitcoin growth if you look backwards but in present time, their critics and fud can make newbies so panicly.

How many times they tried to do this and Bitcoin is not dead.

What has bitcoin achieved recently? Getting in more exchanges, getting in ETFs and wider access to traditional markets? Sure. Mining becoming an industry? Ok, let's count that too. Does that mean bitcoin is being appreciated for its values of decentralization and immutability? Probably not.

While all this is happening bitcoin fees reached historic lows, which is a sign that there's very little demand to actually transact bitcoin.

We spent so much time talking about lightning and layer two solutions while on-chain transactions can now even be send with a cost of close to nothing and decently fast confirmation.

People know that if we all started transacting in bitcoin tomorrow fees would go crazy though. The lightning network is far from usable and even for it acceptance is even lower than bitcoin.

But people still don't want to use bitcoin for everyday transactions. El Salvador wanted to pivot to bitcoin to save money on predatory remittance fees and boost its ailing economy that was based on two currencies, a national one and the USD. Still people don't bother to adopt the technology

and El Salvador still nearly went bankrupt and had to scrap nearly all bitcoin related plans to receive a small IMF loan.

Bitcoin remains hard to use, mining continues to be environmentally damaging to a very large extent while it also becomes more centralized and scalability remains an issue. This price boom changes nothing in terms of fundamentals. Bitcoin's price went up mostly due to external factors but that doesn't solve the issues related to adoption.

Maybe though in the end, adoption doesn't matter? What are your thoughts?

Maybe you’re just focusing on the negative side,  but how about looking at the positives?

- Bitcoin is a good hedge against inflation.
- Bitcoin is decentralized.
- Bitcoin has a limited supply, unlike fiat currency, where governments can just print more.
-Bitcoin is considered digital gold.

Even just those points are already very positive. Sure, it might not compare to regular digital cash in terms of speed or free transactions, but its transparency is what really sets it apart and makes it valuable.

Ever since bitcoin's early days most people didn't show appreciation. While acknowledgment of bitcoin has increased and demand has risen a lot, it's not necessary that those criticizing bitcoin were wrong.

What has bitcoin achieved recently? Getting in more exchanges, getting in ETFs and wider access to traditional markets? Sure. Mining becoming an industry? Ok, let's count that too. Does that mean bitcoin is being appreciated for its values of decentralization and immutability? Probably not.

While all this is happening bitcoin fees reached historic lows, which is a sign that there's very little demand to actually transact bitcoin. BTC/USD is near ATH levels and yet we're still here, many people want to trade BTC than ever but almost no one wants to transact with it. We spent so much time talking about lightning and layer two solutions while on-chain transactions can now even be send with a cost of close to nothing and decently fast confirmation.

People know that if we all started transacting in bitcoin tomorrow fees would go crazy though. The lightning network is far from usable and even for it acceptance is even lower than bitcoin.

But people still don't want to use bitcoin for everyday transactions. El Salvador wanted to pivot to bitcoin to save money on predatory remittance fees and boost its ailing economy that was based on two currencies, a national one and the USD. Still people don't bother to adopt the technology and El Salvador still nearly went bankrupt and had to scrap nearly all bitcoin related plans to receive a small IMF loan.

Bitcoin remains hard to use, mining continues to be environmentally damaging to a very large extent while it also becomes more centralized and scalability remains an issue. This price boom changes nothing in terms of fundamentals. Bitcoin's price went up mostly due to external factors but that doesn't solve the issues related to adoption.

Maybe though in the end, adoption doesn't matter? What are your thoughts?

While all this is happening bitcoin fees reached historic lows, which is a sign that there's very little demand to actually transact bitcoin. BTC/USD is near ATH levels and yet we're still here, many people want to trade BTC than ever but almost no one wants to transact with it.

Does anyone think critics will ever stop criticizing BTC? Whether it's about those who do it professionally, or those who are just jealous that they didn't invest on time and want the whole thing to fail, it doesn't matter at all - it's important not to pay too much attention to such things. I wouldn't say that those critics were completely right, because you have to remember that many of them said that BTC would disappear in a few years, and it's strange that some stick to that same story even today.

Of course, BTC as a currency is not something we can say has succeeded yet, but I think many people are under the misconception that BTC was supposed to replace fiat currencies, when in fact it was supposed to be an alternative to the existing financial system - and I think that for the minority that has accepted it in that way, it is doing an excellent job. The fact is that anyone can make a transaction at any time without depending on a bank, an agency, or seeking permission from anyone, and that is actually a great success.

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I would disagree that the difficulty of use is a problem that prevents people from using BTC in everyday life, because anyone can install a BTC wallet on their smartphone in a few steps, buy BTC on CEX/DEX or some third-party method, and then send it to a BTC address - is it that hard to choose the amount, copy the address, and click send? Maybe for some people it's difficult, but realistically it's something that an average intelligent person can master in 5-10 minutes.

What surprises me is that you, as a senior member of this forum, think that BTC mining is a process that harms the environment, while it has been proven countless times that this impact is minimal and that more than 50% of the energy used by mining farms comes from renewable sources. 5-6 years ago, BTC consumed about 0.2% of the total consumption of electricity, which was somewhere around 200 TWh, while the losses in the electricity network were around 50 000 TWh globally.

As for centralization, once the problem was China, today it might be the USD - but I think we can never achieve perfect hash rate distribution around the world, because miners always go where the conditions are more favorable for them. In addition, in about 5 years (a little more) the amount of BTC that will remain for mining will approach 1%, so this current fever will probably stop.

In my opinion, fewer miners in the future could be a much bigger problem than the fact that today 35%+ of them are stationed in one country.

Honestly I think Bitpay when they had their crypto credit card through VISA network or maybe it was Mastercard, that made it so convenient to spend your Bitcoin integrating into the already laid payments fabric.

But that isn't true P2P Bitcoin transacting. I feel like there just needs to be like a card like element and integrations with like card networks if you really want to make it easy to spend and transact with your bitcoin

While all this is happening bitcoin fees reached historic lows, which is a sign that there's very little demand to actually transact bitcoin. BTC/USD is near ATH levels and yet we're still here, many people want to trade BTC than ever but almost no one wants to transact with it. We spent so much time talking about lightning and layer two solutions while on-chain transactions can now even be send with a cost of close to nothing and decently fast confirmation.