Post
Topic
Board Bitcoin Discussion
Re: Bitcoin gave us something more than the protocol
by
nutildah
on 18/12/2018, 07:29:39 UTC
It also gave all of us the "idea" of something like "Bitcoin", a form of "money" that is not controlled by the state, is achievable.

Bitcoin might fail, but the idea lives on to make a better "Bitcoin".
Bitcoin was first created to become the future currency, but what is happening now is that Bitcoin has changed its function, becoming a traded commodity asset, so this is not a failure of Bitcoin, but a setback in digital currency technology, because if this happens then the function from bitcoin only as a digital asset, bitcoin should be returned to its original function as a payment tool, because bitcoin has the potential to become the world's single currency.
FTFY: a commodity is a raw material used to create products.. bitcoin is a asset currency.

Actually its both currency and commodity -- to claim that its not will only confuse people (in the US) that are considering paying taxes on it:

https://www.cnbc.com/2018/03/07/cryptocurrencies-like-bitcoin-are-commodities-us-judge-rules.html
https://www.newsbtc.com/2018/09/29/bitcoin-price-analysis/
https://www.danielstrading.com/2017/12/12/bitcoin-commodity-currency

what i view as occuring was 2009-2013 bitcoin was a open free choice asset currency to be the opposite of what fiat is.
what i view as occuring of 2013-2018 bitcoin is closing off as a free choice asset currency to become just another "new state" fiat.

So basically you're saying that the Bitcoin Core devs are a "state"? You're welcome to have your own opinions but I'd rather go with the reality of the situation, which is that bitcoin is highly decentralized in comparison to actual state currencies, and most other cryptocurrencies. If you look at the dispersion of mining and nodes in BTC compared to "other bitcoins" like BCH and SV, there's no comparison -- BTC is far more decentralized.