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Maybe Bitcoin is a disaster from the perspective of solving all of these problems, but alt-coins have solved a lot of them. The idea of Bitcoin as a digital gol
by rglover 6y ago
Maybe Bitcoin is a disaster from the perspective of solving all of these problems, but alt-coins have solved a lot of them. The idea of Bitcoin as a digital gold has always made the most sense to me. While the initial goal may have been to use it as a literal form of digital cash, what it's evolved into isn't exactly a failure imo.
It seems that instead of wiping the slate clean, it'd be better to more actively promote Bitcoin as just that, gold, not cash. Then, on the technical side, focus on making the conversion of that "gold" to a more cash-like cryptocurrency as easy as possible.
I'm not terrible well-versed on the technical side of Bitcoin (just a high-level understanding), but this post seems kind of fatalist. Bitcoin is a success purely on the basis that over a decade later, after countless claims on its death, it's still chugging along. That resiliency deserves credit.