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Bitcoin Forum / Re: What Happened To Bitcoin?
« on: May 10, 2024, 02:00:16 PM »I agree. I think one of the reason why people are only watching the price momentum because of the fact that we treat Bitcoin as the best investment rather than using it as payment method. The potential of making Bitcoin as an investment is quite huge and it offers tons of opportunities we can grab compared to using it as a payment system dwhich is for me not an option anymore due to some reasons like high fees.
On chain Bitcoin network can't be use as a normal transaction, as long as Bitcoin network is designed to prioritize transactions, it wouldn't work. You don't expect people to pay $10 dollar because they want to get something across street and they have to wait for the transaction to be comfirm in some minutes and if mempool get charge with more transactions, you will have to wait until it cool off with transactions.
Bitcoin can only be as utility investment to the people and not really as settlement currency but maybe you can say Lightening network but it doesn't have liquidity like the main chain.