Who Wants P2P Electronic Cash?

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Satoshi Nakamoto... what a guy. He gave the world an immensely valuable gift--Bitcoin--for free. A gift that has the power to empower every individual of the earth. A gift that can make everyone their own bank. A gift that can make the transfer of value between individuals fast, cheap, reliable and irreversible. Imagine, cash money that individuals can exchange without permission and without censure. That was the original promise of Bitcoin. Peer to peer (P2P), individual to individual, electronic cash.

But who wants that original promise fulfilled today? Not the mooners, they just want to cash out their Bitcoin to fiat to buy their moon lambos. Not the HODLers, such as institutional investors like Micheal Saylor, who just want to sit on their bags of Bitcoin forever. And not the Bitcoin Core developers, who again and again have worked against that end.

The HODLers

HODLers are those who buy Bitcoin in order to... hold it. As far as I can tell, a HODLer is a HODLer for life and will never sell or spend their Bitcoin. For a HODLer, Bitcoin is not cash, currency, or money, but a speculative asset or a something akin to a stock or share. This, of course, doesn't make sense because if Bitcoin is never sold or spent then any gained value can never be realized by the HODler. In principle it shouldn't matter to a HODLer if Bitcoin goes to zero or goes to the moon, because they won't sell or spend it either way.

The Mooners

Mooners are those who buy Bitcoin as a speculative asset. The speculate it will "go to the moon" and then they can cash out their Bitcoin to their local fiat currency to by Lamborghini--lambo--motor cars. They don't want P2P electronic cash, they just want a get rich quick scheme. The only spending mooners will do of their Bitcoin is at an exchange so they can buy fiat and in turn use that to buy a Lamborghini or whatever is their Lamborghini substitute of choice.

The Bitcoin Core Developers

The Bitcoin Core developers don't want P2P electronic cash. How can you tell? Because they endless make choices to make Bitcoin less and less usable as cash. Once Bitcoin was fast, cheap, reliable, and irreversible. How about today?

Fast transactions? Nope, not anymore. The tiny block size has "solved" the "problem" of transactions being fast.

If Bitcoin is not fast, then at least it is low cost? Nope. The Bitcoin Core developers have celebrated the Bitcoin "fee market" where you must place a high bid to get your transaction in the next block.

If Bitcoin transactions are not low cost, then at least they are reliable. Right? Well... no... not anymore. If your transaction fee isn't high enough, then your transaction will become stuck in the queue of transactions and might even be purged and never processed

But surely Bitcoin transactions are irreversible? Yes... until they weren't, thanks to "replace by fee" (also called RBF), which allows an unscrupulous Bitcoin user to send a Bitcoin payment to a merchant, walk off, and then undo the payment by sending the same payment back to themselves but with a marginally higher fee.

Who Does Want It?

I've seen enough videos of Roger Ver, the Bitcoin Johnny Appleseed, to know he genuinely wants P2P electronic cash.

The Bitcoin Cash developers want it, too, which is why they work towards it.

My Polish friend wants P2P electronic cash and uses Bitcoin Cash everyday in his community for everything from food to haircuts.

My Indian friend wants P2P electronic cash so he can travel the world and use one currency everywhere.

I want P2P electronic cash, too. No permission, no borders, no censure.

What do you want?

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