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With so many strains of bitcoinism being whittled away, just a few remain: -if we can't do mainstream payments, we'll do payments for the excluded -digital gold i.e. bitcoin isn't for paying, it's for hoarding -bitcoin isn't a monetary technology, it's a gambling technology
Right, it's digital gold. I listed that strain of bitcoinism.
Bitcoin is unlike anything else. Trying to pigeonhole it will not shed much insight. Arguing over whether it satisfies this or that arbitrary term is just word salad.
Agreed, what matters is whether it satisfies any real world need. Is there any actually-useful function that a proof-of-work chain can serve in a cost-effective enough way for its block space to remain in high demand forever? If not, analogies and narratives won’t save it.
Exactly. Bitcoin will definitely shape us more than we can hope to shape it. The wise thing to do is to learn and adapt, because Bitcoin will not adapt to fit anyone's pet narrative.
not out of touch, just willfully misrepresenting bitcoin to push a contrary narrative. it's rather deliberate
“Chancellor on Brink of Second Bailout for Banks, because ACH.”
Engagement-bait.
I just wonder if we read different white papers, or read different forum posts, or read about a different Cypherpunk past, or...
Bitcoin to me was (and still is) 21 million of something the government couldn't take away. Visa was always fast enough.
People continue to not see the difference between a savings account and a checking account.
Probably not even secondarily
The fact that JP refuses to sell his bitcoin while lambasting bitcoin indicates how seriously he takes his critiques. History will view him as the yellow-pages sales boy decrying the Internet. Good luck selling shining rocks, JP.https://twitter.com/dstadulis/status/1152034845578551296 …
What is it about? Is it about an unforgeably costly representation of scarcity that’s easily verifiable and can be used for settling transactions in an environment of extreme mutual distrust?
Because that’s cool (and I agree) but then Bitcoin has clearly limited growth potential. It’s only useful so far as there’s an environment of extreme mutual distrust. Otherwise much more efficient options will be available to do the same job, as OP implies.
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