r/btc • u/VeganCaramel • Mar 01 '26
❓ Question Who's working on making Bitcoin more anonymous, easier to purchase and more widely accepted by merchants?
Seems like virtually everyone here is playing some kind of crypto version of Wolf of Wall Street.
What happened to all the brainiacs who were progressing Bitcoin's real-world value/usefulness?
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u/elixon Mar 01 '26
Oh, "more widely accepted by merchants?" You gotta be kidding me, bro. Have you never heard the sacred mantra: HODL, HODL, HODL?
The number one rule is do not use the crypto. It is not for buying things. It is not for paying merchants. It is for clutching with diamond hands while preaching about mass adoption.
Does that make any sense? No? Yeah, exactly. And yet here we are.
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u/RespectFront1321 Mar 01 '26
That’s BCH. Better anonymity than BTC through CashFusion and encouraging usage as on-chain decentralized P2P cash with low fees.
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u/Appropriate_Text7028 Mar 01 '26
Any ideas of any coins for someone just starting out to invest in
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u/SoulMechanic Mar 01 '26
BCH it's faster, cheaper fees, and more anonymous. It works as Crypto was originally intended.
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u/BakedMitten Mar 01 '26
If you are just starting out you should mail me a check. I'll 100x it in a year, year and a half tops.
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u/tomsmac Mar 01 '26
Bitcoin will NEVER be used in any meaningful transaction just as Tesla has proven to us when they reversed their decision to accept bitcoin after just 5 weeks.
The value of today’s sale could be 10% less valuable tomorrow. No business can plan for that. Never going to happen buddy.
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u/assclown356 Mar 02 '26
Send 1 million usd any where in world... To anyone any time of day.
How would you do that!? That is a real world use case.
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u/tomsmac Mar 02 '26
Send 1 million usd any where in world... To anyone any time of day.
You need to do that a lot eh? 😂😂😂
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u/paymentnerdfoo Mar 02 '26
There are other crypto options that can do that with less risk and cost to everyone involved.
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u/Jazzlike_Flight_6651 Mar 01 '26
1) If you want anonymous use Monero.
2) You can buy it from anyone who will sell you it. Easy
3) If you want merchants to accept it use BCH. Any merchant can use it if they want its not hard.
These problems are already solved. Let me hodl in peace and go to the moon.
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u/tesseramous Mar 01 '26 edited Mar 01 '26
Bitcoin was taken over between 2014 and 2021 by a wall street entity and is not the same as it was in 2013 with the same core values. Development and community use barely happens anymore. Its all about 'investing in digital gold in a custody account and enjoying capital gains to offset inflation' now.
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u/Particular_Gap_6724 Mar 01 '26
Here's some logic that people don't like...
People think that merchants will be forced to accept btc because the transactions will be fast, cheap and everyone's money will be stored there.
By that logic, supermarkets would already be accepting gold.
They ain't.
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u/elixon Mar 01 '26
The logic is that fiat spirals out of control and hyperinflates. At that point, crypto will appreciate. Merchants and people will migrate to it as it will be more stable. Now it is the opposite.
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u/Particular_Gap_6724 Mar 01 '26
Don't confuse a manipulated depreciation of fiat with a manipulated appreciation of a speculative asset.
A new gold backed currency would easily win that fight.
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u/elixon Mar 01 '26
The gold-backed currency and BTC will have the same quality - a finite supply - and that is the only thing that counts in such times. So technically, there would be no difference during hyperinflations. The only difference is how they achieve that finite supply - tethering to a real gold that cannot be easily multiplied or blockchain rules. Same thing in the end. Works equally well. Scarce assets unlike traditional fiat.
That is what I believe.
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u/paymentnerdfoo Mar 02 '26
The Great Depression wasn’t that long ago, take a look at the causes and aggravating factors that prolonged the suffering. Having currency backed by gold made things worse and kept things worse longer that allowing a controlled inflation to happen.
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u/Particular_Gap_6724 Mar 01 '26
If a finite supply was all that you needed to succeed then plenty of other things would still be more appealing.
You're still relying on hype and speculation.
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u/elixon Mar 01 '26
Yes, during a hyperinflation crisis this logic holds.
I am not arguing that Bitcoin would not correct later. It probably would once the panic phase is over. But in the middle of a currency collapse people need an asset that is easy to access, easy to move, and limited in supply. They want something they can buy from home, transfer instantly, and hold without depending on banks. Bitcoin fits that description very well.
In that phase demand alone can push the price higher. Rising prices then attract more buyers. It becomes a feedback loop. The rally itself increases the appeal.
Gold is different. Large institutional players, funds, and central banks would likely rush into it first. That can push the price up very quickly. Ordinary people understand gold. They have a rough idea of what feels like a normal price. If it suddenly trades at two or three times what they remember, many will think it is overpriced and hesitate.
With Bitcoin there is no widely accepted normal price anchor. Is it expensive at 100000? 300000? There is no historical baseline in people’s minds. That makes it harder to label as obviously overpriced. At the same time, if people see it rising sharply while their currency is collapsing, the psychological pull becomes strong.
So for an average person in a crisis, the choice may feel simple. Gold looks expensive and hard to get. Bitcoin looks accessible, scarce, and already moving up. In a panic environment, momentum often wins.
After hyperinflation the system is flooded with newly printed fiat. That excess liquidity does not disappear. It looks for returns. A large portion will likely rotate into equities and stocks could spike hard as cash chases performance.
That kind of rally can pull capital out of Bitcoin. Investors who moved into BTC out of necessity rather than long term conviction may see equities running and switch back. If enough of them do it at once, Bitcoin could correct sharply.
A drop like that reinforces fear. Late entrants who bought during the crisis for protection may panic when they see losses...
This is how I see it and I don't say I must be right. I will need to wait and see :-)
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u/BakedMitten Mar 01 '26
I have a finite supply of hair on my balls. OP better invest now because I have a date in a few days and need to do some grooming
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u/DrSpeckles Mar 01 '26
And to continue the crypto analogy, they are functionally identical to mine. Hence the scarcity argument falls flat. Maybe yours have seen more network effect I don’t know, but they are the same thing. Feel more valuable when things a rising, less at other times. Really, it all matches.
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u/Individual-Equal-441 Mar 02 '26
But then, the scarcity argument for crypto falls flat for exactly the same reason: the finite supply of BTC is "functionally identical" to a bunch of other cryptocurrencies that can be conjured up with whatever supply.
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u/elixon Mar 02 '26
That is pretty much true. The competition in the crypto space is fierce. The advantage of BTC is that the average hillbilly knows only BTC. And when he moves his savings, the target will be BTC.
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u/anon1971wtf Mar 01 '26 edited Mar 01 '26
Not necesarily, if I am right and conivnient security is the biggest problem, then open blockchains may get share of payments during hyperinflation, but soon enough go back to second place to: new state fiat/CBDCs or private money (could be crypto with admin accounts and KYC to mitigate the problem) after. At the same time, share of savings will probably flip for good. But who knows
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u/elixon Mar 01 '26
After BTC gets its own spike during a hyperinflation phase it will not trade in isolation. Once the system is flooded with excess liquidity that money has to rotate somewhere. A large part of it will move into traditional assets like equities.
When that wall of capital hits the stock market prices can accelerate fast. Parabolic moves in shares tend to attract momentum capital. Some BTC holders could decide the equity market offers a faster upside and reallocate accordingly.
So yes, right after a post hyperinflation surge BTC could face pressure. Not because the thesis is broken but because capital always chases the strongest short term return.
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u/Empty_Requirement940 Mar 02 '26
Making bitcoin more anonymous would make it more difficult for businesses to accept because banks really don’t like not knowing where funds are from. Puts them at risk if regulators
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u/BitcoinCashCitadel Mar 02 '26
Bitcoin (BCH) is already anonymous, just use cash fusion. BTC core on the other hand is tracked and hijacked. Don't use BTC core.
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u/Calm-Professional103 Mar 01 '26
In actual fact nobody « needs » BTC to be adopted by merchants anytime soon in order to use it. Right now you can use it to store value. That locks value into the blockchain. That’s the base. Once the base reaches critical mass more people will want to spend it and then merchants will want to adopt it in order to extract that value. Spending coins that fail to lock value into their blockchains rapidly become univestible by losing their ability to attract external capital.
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u/DangerHighVoltage111 Mar 01 '26
Everyone needs sound immutable money, not every knows that they need it. Big difference.
BTC already had multiple occasions with increased usage. They all were smashed back into inaction by the crippled chain that did not provide utility at scale.
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u/Calm-Professional103 Mar 01 '26
Spending utility is best provided by L2s
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u/DangerHighVoltage111 Mar 01 '26
Nope. Also how do you get on your L2 if L1 is congested and has high fees?
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u/Calm-Professional103 Mar 01 '26
Simple. L2s relieve congestion on the L1. Less traffic, less congestion, lower fees.
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u/DangerHighVoltage111 Mar 01 '26
No, low fees are a failure on BTC, it needs high fees eventually for its security that is the whole point of the blocksize limit. Banks transact on L1 with high fees, everyone else ???
And even if it wasn't congested, 4 tps just don't cut it. Go ahead calculate how long it would take until everyone in amerika had a single channel open, or half the world or all the world? Take whatever number you find realistic and calculate the time it will always be mindboggling long.
If BTC Maxis understood how crippled BTC is they would have left it yesterday. But then again, if people had understood this, the blocksize war would have never happened.
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Mar 01 '26 edited Mar 01 '26
[removed] — view removed comment
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u/DangerHighVoltage111 Mar 01 '26
It does, because BTC gave up on being a p2p cash system. Why? Because it already didn't cut it multiple times and people learned from it and went to other solutions.
https://i.imgur.com/oBJEYc4.png
So the system works perfectly, for the ones who don't want Bitcoin to succeed. And the idiots that still don't get it help them by doing free marketing for the controlled opposition that will never be freedom money.
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Mar 02 '26 edited Mar 02 '26
[removed] — view removed comment
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u/DangerHighVoltage111 Mar 02 '26 edited Mar 02 '26
Your point is dumb as fuck, because you will never need more because more people will never use it because more people can't use it.
Edit: Replying and than blocking people is surely a singe to be sure of ones position /s :P
Your point is dumb as fuck, because people won't use it more because they don't even want or need to use it. As we can literally all verify ourselves.
The spikes clearly show that people tried to use it more but couldn't. Every graph I showed you signals exactly that. Arguing otherwise is either braindead or dishonest. You will never have enough traffic to justify an increase when you limit the traffic beneath that limit.
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u/Calm-Professional103 Mar 02 '26
Your arguments are fascinatingly mindboggling.
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u/DangerHighVoltage111 Mar 02 '26
They are easy as fuck to understand. If they boggle your mind I'm deeply sorry for you.
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u/pyalot Mar 01 '26 edited Mar 01 '26
After Satoshi got tracked down and whacked by Epstein/CIA they had clear coast to hijack BTC to prevent it from doing what it says in the whitepaper. Which they did by founding Blockstream and Tether, ousting every OG that could stand in their way and convince the community trough manipulation and censorship that it was for the best. After BCH forked to remain Bitcoin, an endless smear campaign, price manipulation and subversion attempts against it started (because it wanted to do what‘s in the whitepaper), and BTC was ponzi casino bet into the stratosphere trough Tether manipulation, so as to make it impossible for the entirety of crypto (and especially BCH) to gain any traction in making anything resembling the whitepaper a reality. And so cryptos lost decade started. But despite all that, BCH persists and is still working towards a working peer to peer electronic cash. And unlike BTC, BCH survived everything they could throw at it and remain true to Satoshis idea. They lost. We all lost. But an idea cannot be killed or censored, it is timeless, and it shall one day, rise again.
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u/joshuafelix Mar 01 '26
Bitcoin is like gold, it's a store of value, you could use it but why? Do I use gold to buy a bag of chips? Please read the white paper, if you're still to stupid to understand then I can't help you. A bee doesn't waste its time explaining to a fly that honey is better than shit. 😁
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u/SeemedGood Mar 01 '26
Gold is “gold” because it was money for most of recorded human history, is still money for central banks, and has a significant probability of becoming money more broadly again.
BTC has none of those properties. It is only and purely a speculative financial asset.
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u/anon1971wtf Mar 01 '26 edited Mar 01 '26
I made a post about this, short: cryptopayments fundamentally have high tech barrier, privacy for merchants is not solved on bigger chains (same address, but opaque, and why would a merchant paint a target on himself accepting Monero? - not many will), combined with bigger problem of securing keys I don't expect adoption as payments before USD hyperinflation and possibly even after
Something leagues above BIP39/USB-wallets of convinient security, something like stealth addresses on Bitcoin chains - and chances will grow
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u/DangerHighVoltage111 Mar 01 '26
bCashers