3 ms·
Who’s to say what “the original goal” was? Satoshi wasn’t that vocal and explicit about their vision in many ways. As for the early community, there may be as
by 3np 5y ago
Who’s to say what “the original goal” was? Satoshi wasn’t that vocal and explicit about their vision in many ways.
As for the early community, there may be as many narratives as there were bitcoiners.
And even if satoshi would have posted a more explicit manifesto, who’s to say that they are the authority to dictate the goals of a project they abandoned almost a decade ago and that others have picked up?
Saying “nobody buys their coffee settled and priced in bitcoin; that was the whole point and should have happened in <10 years” is simply a straw man.
Hell, several of the “failures” points the author brings up are considered features by some.
The existence of permissionless and liquid cryptocurrency markets have political and economic implications. That you do not agree with them does not make it a failure; you just have a different perspective.
All that aside, I think it’s too early still to call Bitcoin’s success or failure.
- sweetbitter 5y ago"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."
- 3np 5y agoThat’s been the case for years. One self-hostable payment solution is btcpayserver (also supports lightning). (PayPal recently rolled out allowing users to use crypto assets including btc for any PayPal payments but arguably that is not “real adoption” in context of payments, as merchants still get paid in fiat with PayPal’s partner Paxos acting as intermediaries)