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> To be fair the developers of Bitcoin seem to have abandoned the original vision of Bitcoin, peer-to-peer digital cash, and has moved towards being purely a st
by runeks 9y ago
> To be fair the developers of Bitcoin seem to have abandoned the original vision of Bitcoin, peer-to-peer digital cash, and has moved towards being purely a store of value.
How, exactly, has this “original vision” been abandoned? By supporting a maximum block size?
- lawn 9y agoBy making it clear that being able to use Bitcoin to pay for stuff isn't prioritized. And yes forcing a 1MB blocksize totally destroys Bitcoin being usable as digital cash. When average and median fees are $30 - $100 it simply doesn't make sense.
- waytogo 9y ago> destroys Bitcoin being usable as digital cash. So what? I value the use as store of value much higher than a cash system and I don't care if this was the initial use case. Go and find a better store of value (won't be easy) but it's easy to find another cash system (FIAT-based ones likes CCs or new upcoming ones like Stellar).
- lawn 9y ago> Go and find a better store of value Monero is far superior as it's fungible and private. Bitcoin Cash is also technically the same as Bitcoin while being cheaper to use and by virtue of being actually useful as cash has more uses which helps price growth and liquidity.