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The first sentence of the bitcoin whitepaper is literally "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from
by squeaky-clean 6y ago
The first sentence of the bitcoin whitepaper is literally "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
- chillacy 6y agoI think it's safe to say that the BTC community has pivoted to a more fitting use case for their technology. The Bitcoin Cash fork and Litecoin made scaling choices that make it better for payments.
- EpicEng 6y agoAnd if they said it were a unicorn, would that make it true? It's not a currency because you can't use it as a currency.
- eloff 6y agoIt doesn't matter what it was marketed as. It matters what it is. But they made it deflationary and a good currency needs to be inflationary otherwise you just hold onto it instead of spending it. Which had made it more like a digital gold. It has totally failed as a system for payments for this and other reasons. It is also too slow and too expensive per transaction.