I never said it couldn't be :). But with bitcoin's significant transaction fees, it's much less useful as a medium of transaction (for small value transactions).
Remember just a year or two ago when it was cool to buy your coffee at a shop that took bitcoin? You wouldn't do that now, since your coffee would cost the equivalent of $20 ($4 for the coffee, $16 for the transaction fee).
It's also painful to realize how much bitcoin some of us have spent on little things in the past. I've had some coffees that are now worth $300 a cup had I treated the btc as value store rather than currency ;).
Sure but hopefully if all this nonsense ends with couple stable currencies, the price will stabilize and younwill be able tobuy your coffee with bitcoins again or moneroj, or hell if i know.
I think it will. The internet has been around for 20 years, and we're only just figuring out some of the good things to do with it (and stumbling over a million crappy ways to use it).
I see bitcoin as a proof of concept that was much needed, so it grew legs and became a "real thing". Something better will replace it (and I wish I knew for sure which it would be so I could "bet" on it now! ;) ).
