Much of the debate surrounding bitcoin's scaling problem seems to stem from two different visions of what bitcoin should be right now: a store of value or a peer-to-peer digital cash system. Both sides agree that in the long run both of these properties should be met, but the question is: Will bitcoin hold value even if TX throughput does not scale soon or do we risk losing our first mover advantage if bitcoin is not able to fulfil its promises as a peer-to-peer cash system soon.
I would love to hear some arguments from both sides of this debate
i do not agree with this statement be with "or" or "vs" these two need an "and" because they go hand in hand with each other.
if the peer-to-peer digital cash system part fails then in my opinion bitcoin is a number on the screen that people pay real money for, and nothing more.
the adoption as currency can help bitcoin more forward, not having a small group of traders buy and sell bitcoin from each other until they get tired and move on. when new merchants start accepting bitcoin, new services start adding bitcoin payment,... more people will come and price goes up too. and for that we need bitcoin to be able to handle more transactions as it does now.
and as i said these go hand in hand, as people use it as store of value and a trading toy, price becomes volatile and it prevents the other side (being a currency) to shine and be a viable option.