Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin Really The Future Of Money?
by
benzen
on 12/11/2017, 14:48:53 UTC
All I can say is the future of money does not move at 7txps and have fees of $5 per transaction. Now you can argue we will overcome these crippling limitations as technology progresses, but the way I see it, it hasn't changed substantially in almost 8 years. Clunkiness seems to be an innate feature of Bitcoin due to the excessive confirmations that are needed to verify transactions. However one could argue it's the future of censorship resistance of assets. I don't think our current society needs these features of Bitcoin (at least for the price it costs). It was designed for a lawless and trustless society, a libertarian utopia. Bitcoin and libertarianism are part and parcel, it's just that the frenzy and the profits have obfuscated the obvious bond between the two. I don't see the world turning libertarian anytime soon.