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Gold wasn't originally a store of value nor used in technology. The world is filled with companies that started as one thing and ended up completely different.
by ThomPete 9y ago
Gold wasn't originally a store of value nor used in technology. The world is filled with companies that started as one thing and ended up completely different.
In reality, it's not an argument, there isn't some supreme court of judges sitting there valuing the intent vs. the outcome.
You are creating your own arbitrary rules for judging BTC. That's fine but it's not an argument.
- prostoalex 9y agoLet’s say the BTC network moves towards store of value instead of “Peer-to-Peer Electronic Cash System“. Fewer transactions result in fewer blocks. Fewer blocks result in fewer miner rewards. Decreased profitability of block creation will have to be compensated by increased transaction fees. Increased transaction fees will lead to fewer transactions. What’s the incentive for miners to stick around in a store of value environment?