Post
Topic
Board Bitcoin Discussion
Re: 55% of bitcoin circulating supply have not moved since 2018
by
mk4
on 17/03/2021, 15:54:50 UTC
I am not sure about the integrity of this data but if it is true, it shows that people are considering bitcoin purely as an invest rather than a currency. So I believe what Mr. Nakamoto dreamed about bitcoin, is failed miserably! Because people are indeed considering it as an investment only!

So there's nothing to feel proud about! Not a great progress in anything rather than price!

Like it or not, and this may or may not be foreseen by Satoshi, but you can't have a decentralized asset/currency to be decently stable enough to be used as a day-to-day currency in it's first few years; And you can't get to the decently-stable stage without the traders and the speculators. Both kinds of users are essential in the price discovery stage of literally any asset.

And scalability is another thing, because layer-2s are not like "there" yet. Bitcoin simply grew too fast for the technology to adapt.