You should understand the difference between Bitcoin supporters and Latter Day Bitcoin Supporters
You should understand the difference between Bitcoin supporters and Latter Day Bitcoin Supporters. Bitcoin supporters: Bitcoin can work as a p2p cash system Bitcoin can scale! Bitcoin supply should remain capped to ~21M Bitcoin needs high transaction volume to succeed Bitcoin needs low fees to remain competitive Bitcoin can be energy efficient if it processes lots of transactions 0-conf is fine for certain payment cases (depends on amount, physical good or not, etc) Infrastructure costs will be low enough over time to enable Bitcoin to scale up on chain as demand increases Blind auction artificial fee market would severely harm or destroy retail adoption Not needing third parties (intermediaries) is a key strength of Bitcoin Latter Day Bitcoin Supporters: Bitcoin could not work as designed Bitcoin does not scale Bitcoin is a terrible payment system Retail payments is not an interesting use case Bitcoin is supposed to be store of value Bitcoin needs Lightning Network to work Bitcoin is digital gold first and foremost Bitcoin is more decentralized than any other crypto Bitcoin can succeed if people only HODL Bitcoin is not for poor people Bitcoin development is not centralized It's not bad that Bitcoin uses so much energy for very few transactions 0-conf is always insecure Bigger blocks would terminally centralize Bitcoin Lightning Network can scale Bitcoin adoption without big blocks Just use custodial services and don't worry [sponsors]
4 comments
Now i understand very well,thanks very useful,keep it up congratulations
Good article.
You're just explaining the same group of people though. And post-2017, Blockstream really decided to cripple Bitcoin's scaling. Those that were kicked out, the big blockers, created Bitcoin Cash.
The truth is that for an ordinary person like me, aspiring to have 1 Bitcoin is a fantasy. The interesting thing is that if I can pinch others like the Bitcoincash and that I love it.