BitcoinStu on Nostr: I don't think it will. Bitcoin will only be the primary medium of exchange when fiat ...
I don't think it will. Bitcoin will only be the primary medium of exchange when fiat is gone, and that might be awhile, if ever.
A decentralized ledger is the most inefficient way of computing in the history of computing and to use such a method must be justified with a very good reason. The reason is censorship resistance, that is the only reason bitcoin is used as a means of exchange. And in the vast majority of cases this is unnecessary. So all the extra redundant computing is pointless if you do not need to protect yourself from censorship.
I don't think people are going to use bitcoin as a method of payment anytime soon. Only ideological bitcoiners who want to drive adoption would spend their time and energy doing such a thing. The vast majority of humans will simply use the cheapest and easiest way, and that is with a centralized database. If you do not need censorship protection, you will not use it.
A decentralized ledger is the most inefficient way of computing in the history of computing and to use such a method must be justified with a very good reason. The reason is censorship resistance, that is the only reason bitcoin is used as a means of exchange. And in the vast majority of cases this is unnecessary. So all the extra redundant computing is pointless if you do not need to protect yourself from censorship.
I don't think people are going to use bitcoin as a method of payment anytime soon. Only ideological bitcoiners who want to drive adoption would spend their time and energy doing such a thing. The vast majority of humans will simply use the cheapest and easiest way, and that is with a centralized database. If you do not need censorship protection, you will not use it.