What is the use case for BTC?

The thought running in my mind right now seems very interesting. Sitting in front of my computer watching the crypto market chart, and watching BTC go down, I asked myself a question 'what is the real-world use case for BTC?', I wondered what's the buzz about it. It's just too volatile to be used as a global currency. It appears to be far too volatile to be considered digital gold. No application is built on it, such as NFTs on a variety of ALT coins or remittance mediums. It appears to be little more than rich people's bragging rights, a tremendous resource drain, and a mechanism for them to dominate the market and extract millions from investors who haven't asked the most fundamental question. What are its real-world use cases?

When you ask the question in any Bitcoin discussion group or forum, no one wants to think about what the true use case is. Everyone wants to speculate. No one wants to think about the real-world use case. Everyone wants to make a quick buck and see the value of their BTC go up. The true use case of BTC as it is right now is: it's a mechanism for people, who are already rich, to dominate the market, extract billions in wealth, and extract millions of dollars from the little people, such as us: investors, entrepreneurs, and so forth.

Unlike Etheruem, Solana, and BCH which have a lot of applications built on them, there is nothing whatsoever that has been built on BTC. The only real-world use case is extracting wealth from investors, and the only real-world application is the BTC market. It doesn't matter if it goes up, down, sideways, or flat, it is still extracting wealth from the little people. The real-world use case for BTC is simply to extract wealth, power and control, and dominance of the crypto market.

BTC has no use cases. You can't do anything with it. It has no intrinsic value whatsoever. It has no unique feature. It is just a digital token that investors are trading like stocks, bonds, futures, and forex. BTC is nothing more than a casino game that people gamble with real money in an attempt to get rich quickly. The big difference between BTC and other financial casino games is that BTC pays no dividends. Just because BTC goes up, down, sideways, or flat, there is absolutely nothing whatsoever that anyone can do with it.

I am trying to find a single use case for BTC but I couldn't find any other than being a medium for wealth extraction from naive or greedy investors.

those who think that BTC is a good thing don't realize that BTC has no use cases other than as a medium of wealth for people who think it will be valuable in the future. So the only real-world use case for BTC is to extract wealth and power from gullible people, and since the price is not correlated to the number of goods and services that can be bought with it, it is nothing but an empty bubble.

I know that this is harsh, but the truth is that no one wants to think about the real-world use case of BTC because then they would have to come to terms with the fact that a real-world use case does not exist.

I have been following BTC from a distance and have read a lot of material online about its development. I can tell you that no one uses BTC in the real world. The bulk of transactions occurs on exchanges, which is the opposite of how a currency should work. All you have in the BTC community are investors in BTC who are only interested in the token value and are too focused on the price rather than on making BTC more accessible. The developers, who are too focused on making a better protocol rather than developing services that people actually want to use.

BTC does not provide any added value for the network or its users. The only thing is that it is the first and the oldest. But it doesn't mean that it's better than others. Its transaction fees are too high, not to mention the long confirmation time which makes BTC more of a store of value rather than a means of exchange. Ethereum is hosting some of the most successful ICOs and dapps on top of their platform with the use of ETH tokens. BCH is just like ETH but cheaper, faster, and more dependable, which makes it a more efficient means of exchange.

A project has no use cases, no real consumer application on its chain besides the trading. When a project is focused on supporting and building consumer applications on its chain, then we can say that it is moving towards cryptocurrency mass adoption.

So in order to help you understand the problem with BTC use cases and why BTC may one day go into extinction, we have to go back and understand the only use case for BTC which is payments. This one use case is about to be taken over by Lighting Network soon since BTC has become too cumbersome to use for payment, which will leave BTC with no use case, if not already.

The problem with Lightning Network is that it is the most centralized system ever built in the name of money. Only big players will be able to run payment channels and these payment channels will be connected to each other. So what does this mean for the average Joe who wants to run a small business on the network? Nothing. If you want to pay for a coffee, you will have to route your payment through a hub and pay a large fee in order to do so. What LN does is not decentralized in any way.

I know that this post sounds extreme and my argument is completely in-your-face. I am also not trying to sell you on an investment or anything, I am simply saying that BTC has a very poor use case, unlike ETH and BCH. This is the truth and no amount of convincing is going to change that, hence why BTC is very likely to die as a cryptocurrency. If I wanted to, I could be wrong and it may survive for another few years but I don't believe in it. I think it is a bubble which will soon burst and its value will plummet to zero.