Yeah, cash is an option in Spain, however, most people, specially young people, is more likely to just carry their card and no cash.
Bitcoin was announced in 2008. That’s 15 years ago.
So when is all this stuff going to happen? Every time someone comes up with a criticism the solution will come later because it’s “early days”.
The iPhone, and the following smartphone revolution, absolutely changed the world. That’s been… 16 years. One more than bitcoin. And it was obvious the smartphone changed everything 10 years ago.
So far the blockchain has used up a bunch of resources, produced tons of scams, and enabled ransomware.
I’m still waiting.
Should we have given up on the internet by 1981 then?
Sometimes new technology takes a few (human) generations to take off. I know everyone wants instant gratification these days, but try to be patient.
It isn't going to happen
The bitcoin developers are too hard headed and there's too much infighting for anything to go ahead. And they still have to decide if it's a store of value, a payment means or a speculative asset. Hence the heads banging together
No wonder the main "stablecoins" are not distributed
One has to wonder how much waste heat has been produced, plus the associated carbon release from non renewable sources of electricity.
And with enough events like this, the young will learn why the old carry at least some cash.