Bitcoin doesn't have to work for "a 55 year old female office administrator from Doncaster" to be successful, valuable or long lasting. It's a totally ridiculous stretch that all products and services have to work in all situations.
All that 99% of Bitcoin holders care about is reaching the point where they can convert their crypto into fiat, for a satisfactory profit. You are all just looking for that 'exit', in fiat, and none of you have any real problem with holding cash or other asset classes and making transactions in cash.
1% have some sort of left field utopian libertarian vision of a world without central banks and taxation, a world which will not and can not ever exist.
Or we could just forget the above and I'll predict a Bitcoin market cap of $21 trillion if you want, which is what a $1 million bitcoin value would mean... which is where it is heading if you listen to people who have taken a hell of a lot of LSD in their lives (e.g. McAfee).
Give me a list of the things that you can do with Bitcoin that you can't do with conventional money?
Give me one reason why I should go and buy a Bitcoin now, other than to speculate on being able to sell that Bitcoin for more fiat at a later date?
I find that Bitcoin advocates are really disingenuous.... almost all of them. They try to convince people that Bitcoin has a real world purpose, when it patently doesn't, and they only do that because they are hoping the price with reach 'x' point so they can walk away with more fiat.
All of you just want to exit with a big ROI... then you don't care if it dies. That's why people call it a ponzi scheme, even if it doesn't tick all of those boxes. You all just want loads more newbies to speculate on Bitcoin to prop up the value of your holdings, and one day the world will run out of naive newbies and you will only care about that if you hadn't managed to complete your exit before that point.
That describes pretty much every Bitcoin owner... hardly any of you actually believe in the project or what it could be in 25 years, you care about whether the price will hit $25k this year so you can walk away with a nice big lump. Nothing wrong with that, but it would be more honest for people to just say that instead of arguing that Bitcoin has some sort of great life changing purpose but then being completely unable to list a single valid one.
Mrs Office Administrator from Doncaster will be told to "buy some Bitcoin because the price is going up, you w gillet really rich"... that's the reason why everybody buys Bitcoin. And that's why it will fail, because there's only so far that can go.
Blockchain technology is interesting though, for security purposes and for elections and stuff...
The time to have exited is when the founder of Litecoin sold up... he knew what he was doing, played a blinder, and still bagholders are in denial about that
