Quote:
Originally Posted by CoolTimer
Maybe we should autopost 'Bitcoin is not paypal 2.0' every ~100 posts. The entire security model of Bitcoin is designed to do 1 thing. Take a guess at what this is, I can tell you it was never designed to be an efficient payment processor.
Tell this guy. The bulls need to get their story straight:
Quote:
Originally Posted by Zenzor
I genuinely don't see how a borderless digital cash has no use-case while a $600bln remittances industry still charges a flat fee of $10 + excessive currency conversion rates. The banking system can be avoided entirely if/when crypto achieves scale and merchant adoption, which I do believe is a high enough probability to be invested in this space.
CoolTimer, if it can't directly be used as a fast reliable currency then Bitcoin is dead, because it will be replaced by a cryptocurrency that CAN be a fast reliable currency (as an example only, Bitcoin SV, which is ripping again today to $150) with ease and speed, as well as do other blockchain functions.
If this isn't obvious to you, you haven't thought this through. Bitcoin as multi trillion dollar digital gold is a farcical concept. A global blockchain that does fast highly scalable currency functions+ many other blockchain functions isn't a farcical concept, because the economics of security work. Bitcoin core is Myspace with child porn, drug, gambling and extortion payments handling, and a ponzi thrown in for good measure.