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Bitcoin is many things, and the most important thing is it's a currency outside of the control of governments. Right now that's new enough that it's primary val
by rothbardrand 9y ago
Bitcoin is many things, and the most important thing is it's a currency outside of the control of governments. Right now that's new enough that it's primary value proposition is anti-inflation (in venezuela) and "digital gold" in much of the world. Is there no legitimate value to letting chinese people move money?
Also, between SegWit, Lightning Network and side chains, the scalability is going to be nearly unlimited in about two years, so the idea that it's not a "viable transaction processing system" seems a bit silly. In fact it works now, globally, without serious problems.