4 ms·
> 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 i
by 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.