> Even the cryptocommunity is starting to accept that Bitcoin has effectively failed as a payment network.
Where are you seeing evidence of this?
Where are you seeing evidence of this?
Almost nowhere accepts bitcoin anymore because they failed to solve the issue that transactions cost on the level of dollars to process so its only useful as a speculative investment and not a practical currency.
Cryptos have basically burned the idea and the general public will probably not care of any future solution since all of the previous ones were scams or not very useful.
These cryptos all promise the world and deliver nothing.
For example, Uniswap is a decentralized exchange living on top of Ethereum that frequently has volume higher than Coinbase. A couple years ago that was the "end vision". Now it's an everyday reality.
Loans, mutual fund like assets, lending etc. The ecosystem is booming.
Ethereum is absolutely fulfilling it's mission.
I even see it myself, and I don't speak for anyone in that community. I bought some BTC ~4 years ago to buy something and did the math on current value. It's kind of shocking.