Bitcoin is still absolutely useless as a currency and a technology. It's still cryptobros waiting on a foolish bag holder to take the L. But its price is skyrocketing since Nov 5th, because everyone thinks that Trump and Vance will dump this loser of a technology on the American tax-payer.
At this point there's nothing to stop them from doing that.
On the other hand, India's UPI system does around 15 billion transactions a month, most with zero transaction fees.
1/N
~500 million people a day buy something real using UPI. Almost no one buys anything real with Bitcoin. UPI is backed by a real currency. Bitcoin is make believe, made up, monkey money. UPI is a real thing. Bitcoin is not.
I'm not going to rehash all of my criticisms of Bitcoin. Just read @molly0xfff .
As users, you didn't choose Bitcoin. Collectively, you rejected it. It failed in the marketplace. So now, dudes are trying to force it being chosen for you, by a government end around.
2/2
@mekkaokereke @molly0xfff And all without boiling the seas to do it.