Replying to Avatar BitcoinStu

I don't think it will. Bitcoin will only be the primary medium of exchange when fiat is gone, and that might be awhile, if ever.

A decentralized ledger is the most inefficient way of computing in the history of computing and to use such a method must be justified with a very good reason. The reason is censorship resistance, that is the only reason bitcoin is used as a means of exchange. And in the vast majority of cases this is unnecessary. So all the extra redundant computing is pointless if you do not need to protect yourself from censorship.

I don't think people are going to use bitcoin as a method of payment anytime soon. Only ideological bitcoiners who want to drive adoption would spend their time and energy doing such a thing. The vast majority of humans will simply use the cheapest and easiest way, and that is with a centralized database. If you do not need censorship protection, you will not use it.
a6
unknown 1y ago

I’ll use myself as an example. I been in bitcoin for about 4 years but only truly started understanding it in the last year. Now I’ve bought as much bitcoin as I can safely buy and now I’m stuck. So because I see it going up in the future I now want to acquire more. And I’m now wondering why I can’t be paid in bitcoin. I spoke to my boss who laughed. I’m also thinking there must be some way to earn it. I’m looking into small internet businesses which I can start and earn in bitcoin. So I’m not even considering censorship resistance or tax implications. I just want the better money. Other are going to go through this same process.

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BitcoinStu 1y ago

I don't see the problem. Get paid in fiat, buy bitcoin. It's like a few mouse clicks to do this. You want your boss to change his whole accounting system to accommodate you're lack of desire to set up an auto-buy with river or some other exchange?

You can set it up so it just autobuys. I really don't see the problem. You make it sound like it's impossible to just buy bitcoin with fiat.

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BitcoinStu 1y ago

it seems like this issue you are having boils down to "I want my boss to buy the bitcoin for me instead of doing it myself" and I really have no idea why it matters to you who does the actual buying, you or him.

I dunno, I'm quite confused by your dilema.