re: Crypto bros., why isn't Bitcoin more widely used?

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Using the dollar bill to whip your arse is almost cheaper than toilet paper. Almost. Getting closer everyday.

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So you use bitcoin instead of the USD to buy stuff?
Like what?

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I'm sorry you got in too late

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The thing is there is still plenty of growth left in crypto as regulations come and utility coins are actually used for their designed purposes.

The naysayers continuously overlook the fact that cryptos besides Bitcoin and to a lesser extent ETH have lacked clear regulations which has prevented wide scale adoption. Trump's administration is working to correct that.

The GENIUS act has led to stable coins expanding and the rate of adoption will only increase and provides a worldwide market for US Treasuries which helps lower US debt cost.

CLARITY Act, and the Anti-CBDC Surveillance State Act will eventually be passed and will allow other cryptos to be used on a mass scale. Many real-world assets ranging from property to traditional finance instruments like bonds, stocks and derivatives will be tokenized on blockchains.

99% of cryptos are actually shitcoins and no one should invest in meme coins etc. But serious utility coins like SOL, XRP, HBAR, LINK, ADA etc. will revolutionize finance in the years to come.

It will be like the dotcom bubble and there will be a shakeout, but the winners will create massive wealth, even from current price levels.

Some of us have seen this type of event before. There was once a thing called the “dot com boom.” Then there was big data. Now there is AI and crypto. I will agree there is a place for crypto, but get rich quick investing is not it.

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Crypto bros., why isn't Bitcoin more widely used?

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It's definitely growing in adoption. It's a completely transparent shared ledger and is the most secure network ever created. People that think Bitcoin is like Tulips based on nothing but hype are just stupid as shite

Bitcoin has never been hacked and never will in our lifetime. Bitcoin blocks are solved every 10 minutes . You have 10 minutes to hack any Bitcoin block which is currently impossible. Quantum Computers will not be able to hack it. If they start evolving to the point of being a threat, Quantum proof code will be deployed in a soft fork of the Bitcoin block chain.

Looking at where we are now, the gap between current quantum capabilities and what’s needed to break Bitcoin’s security is vast. Breaking Bitcoin requires thousands of Quantum Computing logical qubits, while current quantum computers only have hundreds of qubits making it infeasible, especially within 10 minutes. The computing resources required to make the leap to crack the current Bitcoin network are astronomical. Expert opinions, such as from Crypto.com and Forbes Councils concur that practical quantum threats are decades away. Bitcoin’s open-source framework allows for adaptation, with research into post-quantum cryptography (PQC) ongoing to stay ahead of any threats with soft forks of the network.

So just forget about Bitcoin ever being hacked. There is no computing network that is even close to being as secure. There is tremendous value in its security

Bitcoin's native scripting language is intentionally simpler than Ethereum's, Solana, focusing on security and preventing complex computation that could be exploited.

But even with Bitcoin's super secure network, most people are just plain ignorant of Bitcoin's growing Smart Contract capabilities. They just either don't comprehend it, are too lazy to try to understand it, or just don't want to understand it and instead want to disregard it's value.

The Ordinals protocol, enabled by SegWit and Taproot, allows data, including code, to be inscribed directly onto individual bitcoins (sats), representing a step towards tokenizing data and executing more sophisticated applications directly on the Bitcoin blockchain.

Evolving protocols like the BRC20 token standard are also exploring ways to integrate EVM-like functionality, creating new avenues for smart contract-like applications on Bitcoin.

Projects like Rootstock (RSK) build sidechains that run parallel to Bitcoin and are compatible with the Ethereum Virtual Machine (EVM), allowing developers to create and deploy complex smart contracts .

I'm not explaining anything more.

Just know there is a significant number of developers around the world continually working on improving the Bitcoin network. There are a few hundred active core Bitcoin developers, with estimates around 250 to 300 monthly active developers contributing to the Bitcoin Core project, while the broader Bitcoin ecosystem, including layer-2 solutions and related projects, engages several thousand developers, with one estimate placing the total at over 1,000 active contributors in late 2023. The exact number is fluid and includes full-time, part-time, and one-time contributors across many interconnected projects.

I think this answers some of your questions. However, your question "How can we make buying an Icee at your local convenient store with Bitcoin easy?", that will only happen when laws are passed to make at least small Bitcoin transactions not taxable. Once transactions are not taxable, spending Bitcoin will be more desirable as you don't have to deal with determining and paying income taxes on gains.

Layer 2 solutions riding on top of Bitcoin will make it easier to use over time.

I understand Bitcoin and appreciate it's value. It's not thin air like some of the dumb arses on this forum think it is. They are missing a great opportunity to jump on this new asset class. I started investing in Bitcoin and GBTC back in 2016. I retired early because of Bitcoin and make a lot of money today volatility trading between cash and Bitcoin derivatives in all of our Roth and and Traditional IRA and HSA accounts.

A lot of you aren’t on the money board so this is your first interaction with him but there’s a longstanding rule not to engage Slidell on crypto. He’s not interested in a discussion, he finds some type of joy in posting the same thing 50 times in a thread. It’s not worth your time.

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Wow, you must hang out with some real winners. It’s only gone up 600+% since November 2022. Wasn’t very hard to have success. The only real factor was to not be dumb.

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You do understand that this is not about trading on the stock market, but actually being able to use it as currency long term, right? All of these responses I'm getting are about "look how much I made". I don't care what you made on the stock market. You will lose all value when that scam is dumped.

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The US Dollar is backed by nothing more than “the full faith and credit of the US Government” …. which has a steadily declining credit rating . The USD is simply the least dirty shirt in the dirty laundry of world currencies

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Baloney. The USD is backed by both the full faith and credit of the US, the largest economy in the world and…..massive nuclear capability. The latter is implied.

If you think the US government is going to let Bitcoin or some other crypto diminish its US dollar, think again. Governments love their currencies

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why isn't Bitcoin more widely used

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Its a scam. If it weren't it would have been more valuable when there were fewer of them instead of when a select few had the majority of them to claim their value.

Diamonds on steroids.

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Its a scam. If it weren't it would have been more valuable when there were fewer of them instead of when a select few had the majority of them to claim their value.

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Another guy that missed out and has no clue what he is talking about.