Most people think of bitcoin as a digital currency that you can use to buy and sell things online. That is technically correct, but that is not bitcoin's real value.
Bitcoin aren't really feasible for everyday transactions, and we're nowhere near being able to walk into a starbucks and pay for our coffee in bitcoins. but why is that? Wouldn't make sense for the makers of bitcoin to implement it as a real alternative to other currency, and thereby increase the value of bitcoin?
Well, the reason that hasn't happened is that the bitcoin blockchain is slow and expensive. it's nowhere close to meeting the standards for payment technology as the bitcoin network can process up to six transactions per second, while the VISA network can process over 1600 transactions per seconds.
The only way the general public will adopt to the decentralized network is if it will be fast and convenient as existing payment networks. Unless that happens, bitcoin will be used mostly as an instrument to store value.
