Thanks for the reply and for raising a valid concern. Bitcoin is not perfect and echo chamber thinking is useless. I agree that transacting with Bitcoin is somewhat cumbersome. This is because for me in the US, it does not enjoy legal tender status.

For what it’s worth though, I think fiat is also quite (if not more) cumbersome. We have just gotten used to the ways in which it is inefficient.

As an example, say a new crypto was developed that had an unlimited supply that was wholly controlled by a bunch of unelected people, could only be transferred M-F 8a-5p, took weeks to reach final settlement, required armies of lawyers and accountants to track, etc, etc. People would laugh at it and refuse to touch it.

Now let’s say you managed to make that crypto legal tender. Sure, that would still make that crypto easier to use than #Bitcoin but I think you see why that doesn’t really make much of a difference to me considering all of its other failures.