189723234

>I can't really think of many reasons why you would use crypto to pay for a coffee or a sandwich if you live in the West (or frankly, even most developing nations).

If you had the choice between a form of currency not controlled by a bunch of extremely corrupt entities that is much more convenient and cheaper in terms of storage and transactions, why would you use traditional money? I can't even transfer money to my friend overseas, it is too difficult.

I feel that bitcoin is unstoppable.

It offers massive, tangible benefits. Money that is not controlled by corrupt institutions completely changes the game.

There is an entire industry being built around it. Thousands of engineers are creating new businesses as we speak.

It has different properties to stocks. The more people that convert their money to bitcoin, the more use it has. This is a basic property of currency. While people will say you can't buy much with it now, the very fact that massive amounts of people are now acquiring bitcoin gives incentive to people to start accepting bitcoin as a form of payment.

Most governments can now no longer make it illegal. The horse has bolted. By the time it is made illegal, millions of people will have bitcoin and you will be committing political suicide. They will try to regulate it in a way that benefits large corporations though.

I believe the transfer of money away from questionable stocks like facebook, into something based on real value like bitcoin, will crash the share market.