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A lot of the "pivot away from ... cash ... towards store of value" was legislated into place by AML/KYC idiocy. And IRS policies. If you're referring to the b
by crotchfire 3y ago
A lot of the "pivot away from ... cash ... towards store of value" was legislated into place by AML/KYC idiocy. And IRS policies.
If you're referring to the blocksize wars, you aren't looking at a long enough time horizon. No system can afford to keep settlement records of every transaction processed by VISA/Mastercard for the rest of eternity. In order for bitcoin to finish displacing existing payment systems some sort of off-chain settlement is unavoidable.
Refusing to increase the blocksize forced people to start working on this instead of just kicking the can yet again. And hey, guess what, five years later I can use Lightning to upvote posts on https://stacker.news https://stacker.news (without even waiting for the next block to be mined!).