I am not saying that the P2P use case itself is foolish. I am calling those people foolish who are spending this scarce asset like Bitcoin, on ordinary goods when they have an alternative currency available for the same freaking transaction.

I do not think you know what you are posting regarding this.

But if we leave that aside, what if someone do not invest in bitcoin, such people are also foolish? Or peoplke like Warren Buffet that speak against bitcoin and he made his money in traditional assets. Is he foolish?

People have their own choice to make.

Bitcoin has been existing for so many years now and different people use it in different ways and every one has a reason for adopting it and when Bitcoin is mentioned, the first thing that usually comes to most of our minds is buying and holding it as an investment but it far more that that Bitcoin can actually be used for more than just trying to make a profit from it have actually see so many people use it to send money across borders, receive payments, make donations, or make transactions without relying entirely on local banking systems, and in some countries, the ability to access your money internationally can be very useful most especially when banking services is limited or expensive.

There are individual buyers, long term holders, businesses, and people who use Bitcoin for payments or as an alternative to keep their money away from banks and if more holders continue accumulating and holding, and that also makes people to adopt bitcoin and it keeps growing as new investors are coming.

So what do you personally feel is the most useful purpose of Bitcoin besides investment, and what useful case do you think deserves more attention?

So instead of spending it, I do rather hold it and potentially make good profits in the future.

People are praying day and night for the different country government to adopt bitcoin as their legal tender so that citizens will use bitcoin as their p2p transaction daily and every second and you are calling it a "foolish thing". I don't know what to say on this. I saw your comment but I was like why?

These are some of the foolish things I have seen people do with Bitcoin. I mean we all know that the supply of Bitcoin is fixed and we also know how valuable these coins are. Instead of accumulating them, people are just spending them?

This is like a barter system where you give away gold to get a TV in exchange. There is no doubt that Bitcoin has excellent potential as a payment method, but treating it as a digital asset has more value than using it purely as a payment method. Personally, I believe in HODLing my coins. I have seen Bitcoin grow from 400$ to over the 100k usd mark. So instead of spending it, I do rather hold it and potentially make good profits in the future.

So what do you personally feel is the most useful purpose of Bitcoin besides investment, and what useful case do you think deserves more attention?

I am not saying that the P2P use case itself is foolish. I am calling those people foolish who are spending this scarce asset like Bitcoin, on ordinary goods when they have an alternative currency available for the same freaking transaction.

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Bitcoin is traceable but it is governmental permissionless and with a Bitcoin non custodial wallet, Bitcoin users can control their coins, use them easily without any dependence on governments and banks.

No risk of confiscation by government or bank by online ways. They only can take your bitcoin if they arrest you and get your Bitcoin wallets from you.

Even with a good use case doesn't mean it's a good one. Let me give you an example. There's an existing system already with fast payment and one comes to say Bitcoin is fast too. That's a use case but it isn't really a good one because there is one existing already. It has to solve a very pressing need by many people before it gets that title of recognision if it being a good one. And Bitcoin has proved to be that in several ways. The most important one is security. Where one controls it's wealth.