If someone buys BTC thinking it is "Bitcoin, a peer to peer electronic cash system" they are being scammed.
Serious question: Have you ever read "
A Cypherpunk's Manifesto? Please read it, it will only take you a few minutes. It explains perfectly what is meant by 'electronic cash'. It has nothing to do with (unsafe) 0-confirmation transactions or low transaction fees.
Quoting myself, would love to hear Roger answer.
I originally read it in the late 90's, and read it again just now.
It has everything to do with safe 0-conf transactions and things like the Silk Road.
The very things I've been very supportive from day one. I even helped fund and implement the very first wide spread privacy tool for BTC (Cash Shuffle inside the blockchain.info wallet that was eventually destroyed by the full blocks), and that's why I'm now busy funding and implementing things like
cashshuffle.com for BCH today.