Many persons really does wants to use Bitcoin for payments but adoption has been one challenge that seem to have stopped many and that is why there's a lot of advocacy out there for adoption. If Bitcoin has gained probably global adoption,  it becomes easier to spend it like you do with your fiat, at that point you can go out there with your Bitcoin known everyone is willing to accept it as a form of payment, so when you walk into a store or you are been offered a service,  you can opt to pay for it eith Bitcoin without having to feel you are doing  something awkward or illegal because there are countries where its considered as such using it to make payments.

So in the mean time, seeing that its does better with value over time, people now prefer to make it a store of value against inflation and other monetary economic situations that may arise. Even with Fiat if invested over a period of time, it could be taxed when there's a value increase on it,  this we can see in traditional banks when you fix deposit your funds,  so that isn't much of a reason for Satoshi to feel disappointed,  it only needs some more time and Bitcoin will be exactly what you are thinking it should  be (as a payment method).

Mind you, in some countries,  its now a legal means of payment,  so people pay with Bitcoin and its considered a legal tender there, so Bitcoin as a payment method hasn't been defeat after all, its still in process and some has adopted it already.

Bitcoin transactions have been never ruined by governments and if you can see any ruin from this chart, please tell me.
https://bitinfocharts.com/comparison/bitcoin-transactions.html#alltime

Number of transactions in blockchain per day is almost x 4 since 2018, is it an indicator of ruin?

Governments did not succeed with their attempts to filter and censor Bitcoin transactions, together with increasing transactions number daily over years, there is no ruin by any reason, not only by governments.
https://b10c.me/projects/016-miningpool-observer/

I don't agree that the government is responsible for making Bitcoin a store of value. They might have played a role, but it is a very small role.
It's normal behaviour for people to start holding anything that appreciates over time. If the dollar starts appreciating so much against other currencies over a long time, you would see that people will start holdingg the dollar just as they hold Bitcoin. It doesn't mean people won't spend the dollar, but they would preferee to hold it.
Obviously, it would be different with the dollar because it is already a legal tender.


Capital gains, simply means "profit on your capital". If you spend it then you have not made any profit off of your bitcoin, so there is no way you can pay capital gains tax from it.
You only pay tax when you have made a profit from your bitcoin holding. So you don't pay capital gains tax on Bitcoin you spend, except you've held it long enough to get profit.

Anything that is profitable and has monetary value, the government will intervene. That's expected when the price of bitcoin cannot be ignored anymore because it just keeps on rising.

I don't think that the government ruined bitcoin for its transaction but the decentralization.

And that is because when we deposit it to the exchanges and we want to buy/sell it, we're all required to verify our identities (KYC).

If you convert the bitcoin to fiat, first it will be taxed after you converted it, and also it will be taxed if you use the bitcoin converted to fiat is used to buy something just as fiat are taxed.

People prefer to just hold bitcoin instead. Some people still use bitcoin sometimes to buy some things. It may not be common, but use it when they have the opportunity to use.

Not destructive, but the government can not control it, so that's why until now most governments will not accept bitcoin payments in a country.

Which country is it when you hold bitcoin continues to rise in price then the government will impose taxes? I have not looked for any information, which is clear when you want to exchange to fiat in cash then the tax is imposed on the exchange, that's why the government strictly regulates the exchange in order to get taxes from there.

Regulations in most countries basically don't encourage Bitcoin payments... Most countries prefer regulations that emphasize Bitcoin as an investment asset rather than a digital currency to prevent more people from using Bitcoin as payment instead of their own currency... For example, in my country, it is prohibited to use other than the country's official currency for payments, and violating it can be subject to sanctions... These regulations somewhat hinder people from using Bitcoin for payments because they don't want to deal with potential legal issues just for using Bitcoin in their transactions.

The government truly does not encourage the use of Bitcoin for payment, they only encourage it as an asset or commodity that can be traded which is otherwise a store of value. No government would want their own local currency to be sidelined by their own nationals or citizens for a digital currency which is understandable hence they see Bitcoin as a commodity to trade o so that they don't stop their citizens from owning Bitcoin. As far as they get their tax from the platform that ply the Bitcoin trades, they have nothing to worry about as all they are just after is to get revenue to run the government and platforms that does business with crypto within such jurisdiction definitely would comply to the government regulations because they too want to benefit from the crypto community.

To me this thread is somehow not different from this
https://bt.irlbtc.com/view/5597193.msg67251702#msg67251702

This topic was also earlier created today in this same board and it discussions will probably be no different with that will be said to you here.

You should also visit the thread if you want more opinion on your first paragraph question.

No, there are medium where Bitcoin is used for payment of digital goods and services, I've seen great numbers of platform where Bitcoin is used to purchase site domain on whogohost platforms and other hosting sites. These vendors appreciates the important of crypto by accepting it for purchasing products.

The problem with this is that, few numbers of users are actually using Bitcoin to purchase than store of value. Almost everywhere in the space are talking about value and not real a means of payment.