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REV · 3w

People Aren't Using Bitcoin As A P2P Currency

Bitcoin was meant to serve as digital cash—yet it’s rarely used as a means of payment, with most holding the cryptocurrency for speculative purposes. Bitcoin was originally billed as "a peer-to-peer electronic cash system," but most cryptocurrencies aren't used for payments. Surveys have shown that the majority of Bitcoin is held for speculative purposes. While some retailers accept Bitcoin, purchases have suffered from higher drop-out rates than cards and cash payments Even the cost of transaction on the Bitcoin network is high enough to pursue business men
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