All novelty acceptance to be hip and cool.
What is the maximum theoretical rate for Bitcoin transactions per day? Research that.
I’m not talking about the scalability to completely replace all other currencies across global markets. I was addressing your claim that you can’t just walk into retailers and make purchases with it. That isn’t the case. At least, not entirely. Cryptocurrencies are showing significant upticks in retail market acceptance through a number of avenues like apps and services that bridge the divide between the retailer’s aging point of sale system and the new cryptocurrencies.
But now that you mention it, scaling beyond a certain point really isn’t that important since you have credit systems functioning as buffers. There aren’t 4,000 individual US Dollar transactions happening at Starbucks each day. What’s happening are 3,990 credit transfer transactions between the cardholder issuing bank, the payment processor, and the merchant’s acquiring bank. Those credit transfers can be denominated in US dollars, bitcoins, Japanese yen, or in Xanxabarian mud shoes. What actually needs to hit the blockchain in that case are periodic settlements between the buffers. So 4,000 transactions at Starbucks, times 15,000 Starbucks locations becomes 100 bank-to-bank blockchain transactions instead of 60 million individual transactions.
This is how the larger economic financial system operates these days.