Saturday, 8 January 2022

Are people even interested in p2p cash and using the blockchain?

We keep mentioning this as the main talking point for bch. But what about that will make the masses start using it as a medium of exchange when the other options such as fiat via zelle/venmo etc are no longer as slow?

Part of the original formula that made bitcoin successful in the beginning was the ease, speed, and low fees but banks themselves have improved in regards to this so this is no longer something that differentiates their experience, the only thing is the actual utility of the blockchain itself.

Will people actually make that change when sending fiat has become just as fast and nearly as convenient compared to 2011 ? Today people are able to buy goods and services and send money to friends and family with ease. Will the masses use the blockchain for all their purchases or just stick to the convenience of buying goods & sending money today via centralized systems ?

Perhaps we just have to wait for bch to overtake in actual crypto use and flip btc core instead of relying on people to become educated about the reality of fiat and the blockchain.

submitted by /u/Choice-Business44
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source https://www.reddit.com/r/btc/comments/ryip3w/are_people_even_interested_in_p2p_cash_and_using/

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