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Comment by JonnyNova | Hacker News Reader

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JonnyNova·

It is plenty proved. Nobody accepts BTC as payment for goods and nothing is priced in BTC.

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> Nobody accepts BTC as payment for goods

Well not nobody.

https://steemit.com/bitcoin/@steemitguide/2017-top-list-of-b...

Printed 7 months ago. Steam and Microsoft have stopped accepting bitcoins. I don't know offhand but suspect many of the other ones probably have as well.

Microsoft added it back a week ago and several companies have since been added to the list. So your original statement is wrong as is your suspicion.

Because of the falling price forced people out of the network and reduced both network congestion and transfer fee prices.

Moon or payments? Pick one.

https://bitinfocharts.com/comparison/bitcoin-transactionfees...

https://blockchain.info/charts/avg-confirmation-time?timespa...

Well, Overstock takes BTC and BCH.

https://krebsonsecurity.com/2018/01/website-glitch-let-me-ov...

So after introducing a new currency, how long is the window for people to begin accepting it before its "proved unnecessary"?

That has nothing to do with the current crash. The price has been going up for a long while even when everyone knew about this.

Also this "nobody accepts BTC anymore" phenomenon is something artificially caused by the BTC devs. They could have increased the block size even to just twice the size and tried to figure out the real solution in the meantime, but instead they decided to be stubborn and kick out everyone who disagreed with them.

This is not a "proof" that the Bitcoin model itself has failed. It's just that one implementation has failed, and that's fine.

Listing your altcoin on an exchange is priced in BTC, but I don't know if that helps or hurts your claim.

Bitcoin is plenty accepted in the DarkNet.

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