Bitcoin is not supposed to be accepted widely for commercial use. It is a store of value like gold, people don't go around transacting in gold. If in future bitcoin is not as volatile as today, maybe then the society would start using it as a medium of transfer. The value of bitcoins can go up even if people are hodling as an investment.
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Someone who get's it. The retail transactional coins should be along the lines of LTC, fast & cheap.
yeah...right !!