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It’s both. It’s not a scam in a sense that it is a store of value(digital property) to a small degree. But a scam in a sense that it can’t power every day trans
by e9 5y ago
It’s both. It’s not a scam in a sense that it is a store of value(digital property) to a small degree. But a scam in a sense that it can’t power every day transactions or day to day needs etc
- synesso 5y agoThe early narrative around paying for coffee didn't pan out. But right now it is it's an extremely valuable global settlement system.
- ertian 5y agoThere are a dozen different approaches to solving the bandwidth problems. IMHO, it's safe to say one or more will succeed.
- e9 5y agoPretty much all of them require to do transactions outside of Bitcoin network and making parts of the system more centralized and more vulnerable.
- tuesdayrain 5y ago>But a scam in a sense that it can’t power every day transactions or day to day needs etc It's not supposed to. No need for a permanent ledger to store cheap day-to-day transactions.