Re: Bitcoin is a revolutionary currency but a fairly inefficient payment network

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...

Quote from: RealBitcoin on October 18, 2016, 11:29:28 PM

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.

I do heard a lot of people complains about the inefficient as payment network, but for now most people are using it as investment and many people used it not only for as currency but they used it for many reason, some used it for gambling some used it for trading, so even though it has disadvantage in payment network but it also has a lot of advantage that keep bitcoin alive