Re: If not a "store of value" or "medium of exchange" ...

bitcoin is a store of value. as it first needs to be a store of value to then be a medium of exchange.
by this i mean if having no value, people wont want to exchange it.

I'm not trolling, OK? But I believe we debated about this before, and you said that Bitcoin should be a medium of exchange first to be valuable, and that because of small blocks, Bitcoin cannot be a medium of exchange. Or am I confused?

It must be 'easy' exchangable to get value at all - if u cannot transfer, nobody wants it / can handle it -> useless Wink

Bitcoin should be P2P cash - per definition. so it should be free to transfer

But if no one wants to hold it, no one would accept it as a medium of exchange. "Medium of exchange" is not only for its sake. It also has to be a store of value, for later use as a medium of exchange. Cool

We know, it is chicken & egg.

But Bitcoin is fully digital / electronic

So it MUST be the cheapest and easy medium of exchange - it's purely intuitive and it is even TOP LEVEL ADVERTISED as the NEW e-cash

so what is the issue ? BTC is not Bitcoin and money any more - it cannot be a store of value for its only sake Wink

I would say yes to all of that, if the technical solution was as easy as increasing the block size to increase transaction throughput, BUT without preventing the network from scaling out.

Bitcoin was designed to be digital - it does not need artificial barriers - it can do, what computers can do - so let it do - it is honest by design

You're trolling.

Newbies, in reality there are barriers to scaling. It can't scale on-chain without centralizing the network, and giving up some of its actual value proposition, which is censorship-resistance.

If u are losing on arguments, u go name calling?

Nope, scaling means real scaling, and not little ( by little Joe, little RasPI,...)

Miners have done this step already, they have invested and installed high tech level network over the past years, in a still enough decentral way, and that is as industrial grade scaling has to be done for global networks,
Nothing new.

It stays decentral enough over time cause competition is maximum open and everyone can build high level efficient mining equipment and join every time, that will challenge any monopoly over long term. Perfect open rotation.

Little joe RasPI pies were never ever of relevance, they only run their wallet clients, when miners run the server farms, as Satoshi designed it.

Meh