And bitcoin cannot offer insurance, or retirement and estate planning, it cannot take my company public or help me raise money on the bond market. It cannot facilitate a repo transaction on my real estate portfolio, and it cannot offer me a mortgage to purchase a home.
Citation needed.
Citation that counters that perception: https://bitcoinmagazine.com/business/bitcoin-uses-less-than-...
> If the bitcoin network were to move quadrillions of dollars per year, it would probably have to use more energy than we are capable of producing
Sigh, this gets spouted like it's the truth by people who don't understand the simple fact that the energy usage in bitcoin is NOT used on transactions! and it DOES NOT scale with the number of transactions!. [1]
> And bitcoin cannot offer insurance, or retirement and estate planning, it cannot take my company public or help me raise money on the bond market. It cannot facilitate a repo transaction on my real estate portfolio, and it cannot offer me a mortgage to purchase a home.
These are the usecases for subsequent layers, and there are services popping up for these already! bitcoin is a relatively young system that is purely community driven.
[1]: https://www.coindesk.com/frustrating-maddening-all-consuming...
