Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is a revolutionary currency but a fairly inefficient payment network
by
Backside walkaround
on 18/10/2016, 23:35:36 UTC
Yes, bitcoin is a near perfect currency on the on-chain settlement layer but very inneficient as payment network, since it can't scale on-network, therefore it will need offchain solutions like lightning network and such.
I think, bitcoin is more of a crypto-asset than a crypto-currency. It lacks many properties a currency is supposed to have...

franky1 incoming in 5....4....3....2....1.....
Who's franky1?
I enjoy it as a crypto-asset (I like that name) much more so than a currency, and I've said that many times.  I hold it like I'd hold gold or silver.  I have yet to actually use it to buy something, and I have no desire to do so.

Aside from that, I'm glad other people are smarter than me and can make arguments like OP, of which I didn't understand a word.  Smiley