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I'm not arguing one way or the other about Bitcoin, but just pointing something out in general: "designed to be" doesn't mean it actually is. Engineers can des
by MerelyMortal 5y ago
I'm not arguing one way or the other about Bitcoin, but just pointing something out in general: "designed to be" doesn't mean it actually is. Engineers can design things however they want, but that doesn't mean it always holds up.
- KoftaBob 5y agoSure, but the OP saying “bitcoin isn’t a currency” isn’t accurate. It’s a currency that happens to be popular as a store of value. It was designed to be a currency, and so for it to be good at that design, it should do currency things well, like broad support from point of sale systems. The fact that gold doesn’t have broad support from POS systems is irrelevant to its intended purpose in that context, of being a store of value. Their analogy doesn’t work because they’re comparing what bitcoin was designed to do, with what gold isn’t designed to do.