⭐ Merited by manchester93 (2)
Why has Satoshi's vision for the Bitcoin as a peer-to-peer electronic cash system failed?
What was "Satoshi's vision" -- exactly? And how has it failed?
Today, payment channels are being integrated, just like the original client. And fees have also dropped to the point where I barely notice them. I'm paying < 5 satoshis/byte now. When I first started using Bitcoin in 2013, the recommended fee was 0.0001BTC/kB, or 10 satoshis/byte. Some clients defaulted to 0.0001BTC regardless of transaction size, and IIRC some clients defaulted to 0.0005 BTC.
Here's a trip through memory lane: https://bitcointalk.org/index.php?topic=245552.0
So, I'm paying significantly lower fees today than I was in 2013. I could probably pay even lower fees, but I haven't found a good way to estimate Segwit fees yet.
How did the investors ruin the vision which was similar to the Napster where data was shared at its own expense and received free of charge?
The investors ruined the vision by......using Bitcoin?
