nai06 said:Algorithmic Epiphany said:nai06 said:
If it's a currency, surely I can use it to buy groceries from my local supermarket right? I can use it anywhere I use cash right?
No matter how much you want it to be a valid currency, it's not. It lacks stability and acceptability which are pretty important when it comes to deciding if something is a currency.
Does your market accept cigarettes or shells or Rai stones as currency? Does that change the fact they've all been used or are used as currency? Africans can use bitcoin at their stores, El Salvador everywhere.
The level of effort to "turn on" accepting bitcoin is a few lines of code on your POS. Takes seconds to onboard, once you've figured out your corporate tax/treasury strategy which was only recently laid out here in MURICA and the US government is definitely dragging feet to give clarity in taxing purposes, to the detriment of Americans like you. https://www.irs.gov/newsroom/treasury-and-irs-announce-that-businesses-do-not-have-to-report-certain-transactions-involving-digital-assets-until-regulations-are-issued
To see known bitcoin treasuries https://bitcointreasuries.net/
Now. Tomorrow you walk into whichever grocery chain and they got a little button you can click that says Bitcoin on the CC terminal, do you breakdown in tears and scream "it's not a currency!!" Over and over until police escort you out? Do you think you'll have made a difference then?
So you just confirmed it lacks widespread acceptability making it, not a currency. You also conveniently let out it's issue of stability.
Then there's the issue that it becomes completely useless if the power goes out.
I only confirmed that your depth of experience is inadequate for this conversation, and that this depth has remained static for nearly a decade.
Were you in an accident that prevents you from performing certain tasks to gain experience or was this purposeful?
It's all very confusing seeing people in this state. I don't know whether to help or put them put of their misery.
Alright, I'll pretend your capable.
Why does the definition of currency have such a hangup for you? Fine, call it a commodity that people trade, store and value at increasingly higher rates day over day, hour over hour. Hell call it anything you want.
Bitcoin adoption is happening quicker than most new technological adoptions have ever taken.
If you need to use a different term, just call it a protocol. That's all it is. Lines of code that have been distributed across the surface of the earth, above and below it.
A protocol is a set of rules governing the exchange or transmission of data between devices.
Bitcoin is rules, without rulers.
Those rules make it operate "better" than existing currencies, hence the consistent price increase across ALL known currencies.
Label it incorrectly all you want, get into the weeds on definitions all you want.
When you release your Arrogance, hubris and fear of death you may be able to walk a new path.
