Bitcoin's use in commerce keeps falling

[Jamie McKane]

Bitcoin's use in commerce keeps falling

Who’s using Bitcoin to buy and sell goods and services?

A lot fewer people than you probably would have guessed. After peaking at $411 million in September, the amount of money the largest 17 crypto merchant-processing services received in the best-known cryptocurrency has been on a steady decline.

[Bloomberg]

 

[leon.davibe]

Yea agreed bitcoin has lost its way

Peaked last year and at its peak did 500k transactions on that small block drove the fees to all time highs

A just yesterday in a practice session/independence day of bitcoincash's celebration on its 1 year anniversary of the split from bitcoin chain

Bettered Bitcoin's record

Mustering 637k transactions
With a AVG fee of 0.003 USD

And this is warm up day

Keep an eye out for 1 sept actuall stress test day

Seems bitcoin can scale with low fees who knew just by sticking to the original plan outlined in the white paper outlined by bitcoins creator satoshi's nakamoto

Trying to get to grips what bitcoin is?

Step one read the white paper
Hint

The title is important

It reads very clearly peer 2 peer cash.

Not get rich quick investment scheme

Bitcoin is a revolution,
Permissions-less money system send your cash where and when you like

No permission needed from your bank government etc

No age limit too ie my 14 yr old
Can use it the banks only want to give him permission to manage his bank account via web when he is 16

which he has been using for 4years + already to do online purchases