It's not everyone that will adopt bitcoin which will make it impossible for everyone to use bitcoin to pay for goods and service online. Bitcoin blockchain is not designed to carry to big load of transactions and that will become a problem if everyone start paying with bitcoin.

High transaction fee have discouraged a lot of people who planned to add bitcoin as payment method to their businesses because if the blockchain is congested, payment with bitcoin becomes fucking expensive. Lastly, if businesses start accepting bitcoin as payment option, many bitcoin hodlers wouldn't want to spend their bitcoin, because they want profits from it.

It's a gradual process where we will have unlimited payment process with Bitcoin. Today we are talking about stablecoins been signed into law to be used as payment options, this wasn't the discussion years back, this new development is a stepping stone,  I've read in different news where countries of the world are bringing up their own stablecoins, as against the usual sanctions that we use to witness or hear about. All this executive orders Donald Trump have signed into law especially when it comes to cryptocurrency, they are all driving towards bitcoin gradually as that is their main am, they are just dilly-dallying the main purpose.

Making payments with BTC is not the main issue. I think what you really mean to say is the government making Bitcoin an alternative legal tender, where businesses are authorised to make Bitcoin a means of payment and are mandated to accept it should a customer or client offer it.

This will take time before the government implements it, if the government even has plans of doing so. Back to us bitcoiners: many still see Bitcoin more as a speculative asset than a currency. They would rather hodl it for profits than spend it.

To buttress your point more here is a report by watcher Guru about what the director of digital assets has to say about the so called Genius act. It is actually clear that their intention is nothing other than giving relevance to the dollar. I said this that the US government seem to be more inclined to the crypto adoption because they think having the title the crypto capital of the world can help them save the dollar too from this constant dedollarization threats how is what I don’t know.



As an alternative to legal tender I don’t think the government needs to actually make any announcement about that or pass any bill, for me; the government making cryptocurrency a legal is already ok to give the business enterprises the freedom to accept bitcoin as form of payment not that they have to make it any more announcement about that.

Using bitcoin for payment still doesn’t affect one investing into bitcoin and holding it. If you wish to actually use bitcoin to pay for anything you can simply use the fiat intended for this to change to bitcoin without having to touch your holdings. Someone would say why go through this route instead of using fiat straight up. This is because some cross boarder transactions are a problem with fiat due to difference of currency.

I completely agree with your view. I’ve always envisioned a time when Bitcoin and stablecoins would become normal payment methods online and with recent moves like the GENIUS Act, it feels like we’re closer than we've ever been.  Crypto simply offers a level of freedom and convenience that traditional banks can’t match especially in countries where spending limits are frustrating. Imagine being able to pay for anything online without worrying about restrictions, limitations or delays. I’m also eagerly waiting for big platforms like Amazon their likes to adopt BTC payments. Honestly, I think it’s just a matter of time before we see these things becoming a reality.

It’s definitely a good start. We can’t expect for bitcoin to be immediately used by everyone as everyone else will still need to get used to things but the good news is other countries might follow the US and we will soon have bitcoin mass adoption

If you take the time to learn about the GENIUS Act, you will see that its focus is to establish a complete legal framework for stablecoins. The goal is to make stablecoins more trustworthy and popular, the bill does not mention nor has any direct connection to bitcoin or altcoins. This means that if other countries follow the US lead, stablecoins will be more widely adopted and will be the top choice as a payment method. This also means that bitcoin's opportunity is shrinking, not expanding, because they have found an alternative and it is not bitcoin.

Let's face it, the chances of bitcoin becoming a payment method are very low, and it has never been an option for governments.

True, governments are not the cause why Bitcoin is not popular as a means of payment, most businesses are not willing to accept it likewise holders are not willing to spend it. The main reason being that is volatility, no business wants to receive Bitcoin as payment and it dumps the next minute when they need to use the capital to restock immediately. Also transactions fees can be a discouragement for means of payments and lightening network is not widely used.

I see stablecoins being used more in the future because they are stable, people don't like volatile currencies for everyday usage.

If it was a global thing, then I am pretty sure it would be more like the normal banking transactions. I also can't sent million dollar to somewhere without getting approval from the bank. Yes the idea of "I can't send my money wherever I want even though it is my own money" makes sense.

But that was put in there for security reasons and if you do not agree, then you can personally go to your bank and increase it. Mine was just 3k dollars, I had a business to deal, not my own money obviously, but I had to move 500k in and 500k out in the same day, so I got that approval, and now I can spend 500k even though I would never have that lol. So yeah, bitcoin would become like that too, you would have a limit, but can go to bank and increase it.