Post
Topic
Board Bitcoin Discussion
Re: seems like bitcoin is too slow to progress
by
avikz
on 15/06/2020, 17:26:18 UTC
ok, let's be more specific
Satoshi designed bitcoin as electronic money for all people, for their independence from governments

Electronic cash is correct but I don't remember "independence from Government" is one of his agendas for creating bitcoin. That's definitely one of the benefits of bitcoin but that was not the reason behind creating bitcoin.

Quote
Now bitcoin is not money at all because of fees and velocity. No ideas how to correct this excepting lightning, which is close to fail.
And bitcoin is actually controlled by centralised agents.
All we have - the moon idea. I do not understand your optimism guys but will be glad if I mistake

LN is not anywhere nearing fail. Around 13000 active nodes are running for LN. If you really want to know its stats, click below,

https://1ml.com/statistics

I do agree that ETH is definitely doing well and creating vast real world applications for future sustainability and bitcoin is lagging majority of such aspects. But we can't disagree to the fact that,  the cryptospace started with bitcoin only. Pioneers always have additional values associated to them and that's what is happening to bitcoin.

Millions of dollars are invested worldwide to set up gigantic bitcoin mining operations. This is what is giving values to bitcoin besides all other aspects.

We must welcome new technologies but that doesn't mean we have to forget our root.