> The big payment processors process up to over a billion dollars of completely normal white market payments per year.
I would love to see your data for that.
But "big payment processors" are definitely the opposite of "peer-to-peer electronic cash". We already had big payment processors. Those are much more efficient.
> fact that Bitcoin has value at all is an astounding success
It strikes me as a pretty uninteresting kind of success. Tulip bulbs and Beanie Babies both had very high valuation for a while. But in the long term, prices generally fall back to what's sustained by use.
I would love to see your data for that.
But "big payment processors" are definitely the opposite of "peer-to-peer electronic cash". We already had big payment processors. Those are much more efficient.
> fact that Bitcoin has value at all is an astounding success
It strikes me as a pretty uninteresting kind of success. Tulip bulbs and Beanie Babies both had very high valuation for a while. But in the long term, prices generally fall back to what's sustained by use.