Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Gab0
on 06/01/2018, 20:07:55 UTC
Which is why Bitcoin should be considered a decentralized, deflationary crypto asset like digital gold, that also happens to be exchangeable for goods and services like a currency. Notice I said "like a currency" because it is clear that that attribute is not its primary function nor its strength.

The word "crytocurrency" is a complete misnomer. It should have been called a "cryptoasset" from the beginning.

And once again ... Satoshi was wrong.
Good to have geniuses like your Torque. Thank you for enlightening us with your wisdom.
Now ... if Satoshi was so wrong, why do not we just rewrite the white paper?


Announcing version 0.3 of Bitcoin, the P2P cryptocurrency!  Bitcoin is a digital currency using cryptography and a distributed network to replace the need for a trusted central server.  Escape the arbitrary inflation risk of centrally managed currencies!  Bitcoin's total circulation is limited to 21 million coins.  The coins are gradually released to the network's nodes based on the CPU power they contribute, so you can get a share of them by contributing your idle CPU time.

[...]



Oh! Stupid Satoshi, you were so wrong.