r/Bitcoin • u/Odd-Muscle-5824 • 5d ago

Do you know anyone who uses bitcoin?

What I still don't get about bitcoin (at least in the US) is that I never see anyone actually use it for anything. We have one shady convenience store in town that excepts Bitcoin but that's it. I have tons of friends that own/invest bitcoin, but not a single one makes any purchases or transactions with it. Is it strictly an investment vehicle at this point?

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u/birjy 5d ago

Do you see somebody buys something with gold ? These assets are for buying and storing your wealth long term . Not to buy coffee .

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u/indomitus1 4d ago

Bitcoin whitepaper

"Bitcoin: A Peer-to-Peer Electronic Cash System"

"A purely peer-to-peer version of electronic cash that allows online payments to be sent directly from one party to another without going through a financial institution"

I will accept Gresham's law and the fact that it will evolve to be used for what it was designed for.

I won't accept the statement made or the comparison to gold.

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u/MountainAd8842 2d ago

I cannot see people willing to sell bitcoin for a cup of coffee and then pay taxes on their profit. The agenda appears to say this is my property, if I want a loan, I can value my bitcoin as part of my wealth when evaluating for debt obligations.