Post
Topic
Board Bitcoin Discussion
Re: Is now Bitcoin being that was supposed to be?
by
KingScorpio
on 30/12/2018, 17:25:36 UTC
When I read original White Paper, there is only mention one purpose Bticoin to be "Electronic Cash System", "Electronic Payment System" no words as "Electronic Currency", "Cryptocurrency", "Be like own bank". When I am reading White Paper it is obvious to me that Bitcoin was to be something like PayPal but works without censorship and permission-less. But in some time narration were changed to "be like own bank", "global currency" and so on, this sounds like fraud from people that was bag holders in early time of Bitcoin

no, it was originally meant to be a currency, but it became then through speculations a "storage of value" due to extreme transaction costs, till it then became a "burning dumpster of value"

i expect the next step in the evolution to be

-> Burning dumpster of value and obvious attention hack

that would be another low.