Replying to Avatar Mike Dilger ☑️

Bitcoin usage is a chicken-and-egg problem. Most businesses to not accept bitcoin because most other businesses do not accept bitcoin. I don't think any other problem is anywhere near as significant as that one. Why would I accept bitcoin if I can't find anywhere to spend it?

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LuisSP 2y ago

also... If one has BTC because one does not trust fiat, then... one wants to hold BTC and spend fiat.

I would seek to spend fiat even if I could spend BTC. And all merchants are obliged to accept fiat.

and every bitcoiner on 'hold' means BTC does not circulate, and thus privacy never happens.

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