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Personally, I disagree with your premise and I do think the killer app for Bitcoin is to be transactional--unlike Ethereum you can't build anything on top of it
by timfrietas 9y ago
Personally, I disagree with your premise and I do think the killer app for Bitcoin is to be transactional--unlike Ethereum you can't build anything on top of it, it's just "money" or "wealth" which do need to be spent, although you can think of the current incantation of Bitcoin as "wire transfers" (a few hours to a couple of days to get your money) instead of a "debit card" (instantaneous transactions).
However, I do not at all understand why you are apparently being downvoted for a calm and logical counter argument supported with good use cases.
- panarky 9y ago> unlike Ethereum you can't build anything on top of it I see the cryptocurrency ecosystem as several layers used in concert. -- Apps & Exchanges -- -- Smart Contracts & Tokens -- --Slow, Reliable Store of Value & Large Trans-- The internet isn't just one giant site that does all things for all people. Similarly, the "internet of money" has multiple components that each do one thing well.
- 0bsidian 9y agoTHIS. Thank you for this. I will quote your response in the future when this point comes up again, if it's OK? I was listening to Naval Ravikant who makes exactly the same point about Bitcoin.