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>This is a valid concern. In fact, Bitcoin Core is largely run by engineers who work for Blockstream. They took VC investment from PayPal and other companies wh
by etrabroline 5y ago
>This is a valid concern. In fact, Bitcoin Core is largely run by engineers who work for Blockstream. They took VC investment from PayPal and other companies who demand a return-on-investment. The product they pitched is called Liquid. Liquid itself depends on Bitcoin not processing very many transactions on-chain.
This is the key point that small-blockers kept denying and obfuscating.
> The wild volatility in cryptocurrencies, in large part, is due to the issuance. [...] The volatility makes them useless for denominating business contracts.
Gold is "issued" at a slow and predictable rate just like Bitcoin and was very stable when it was used as currency. The volatility in Bitcoin is because most transactions are speculation instead of real commerce, just like gold is today.
- micropresident 5y ago> Gold is "issued" at a slow and predictable rate just like Bitcoin and was very stable when it was used as currency. The volatility in Bitcoin is because most transactions are speculation instead of real commerce, just like gold is today. Oh really? Why does it go parabolic? Bitcoin issuance is nothing like gold. Gold supply responds to demand. The more people mine the more gold goes into circulation. With Bitcoin the more people mine, the same amount of bitcoin is issued.