jimmysong
· 6d
The reason for Bitcoin's success is that it is a great savings vehicle. It has so little competition in that regard that every other use case is a rounding error. I know people don't like hearing that...
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Ideally, lower transaction costs will provide the natural incentives for the world to eventually adopt bitcoin payment rails - even for those who don't actually want to hold bitcoin themselves; but in the meantime, swapping from bitcoin savings to fiat spending when necessary is good enough for now for the vast majority of use-cases.