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You're confusing Bitcoin and Ethereum. Ethereum is the platform that supports smart contracts. Bitcoins intent is to be a simple ossified protocol used as a sto
by Zetaphor 5y ago
You're confusing Bitcoin and Ethereum. Ethereum is the platform that supports smart contracts. Bitcoins intent is to be a simple ossified protocol used as a store of value, akin to digital gold.
- gaogao 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. That's Bitcoin's intent as the first sentence of the original whitepaper. The intent is on transactions. In practice, it's an ossified store of value now.
- astrange 5y agoOf course, it's not that because you can't actually store value. Saving money works as a temporary defection from everyone else trading it; the trading is what maintains the value.