Post
Topic
Board Bitcoin Discussion
Re: Value vs. utility
by
RealBitcoin
on 12/01/2017, 11:15:32 UTC
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

As long as China has monetary problems, I dont worry about Bitcoin, since that is the main source of cashflow into Bitcoin.

But as a global vehicle for wealth storage. Well, first you have to get these smartasses to listen to you.

The smartasses who put their money in a bank at 1% interest, while the inflation is 10%. You have to educate those dumbasses first.

If they are so stupid to fall into that kind of trap, maybe they dont even deserve Bitcoin as a wealth storage.