Quote from: darkangel11 on Today at 07:55:21 PM

Quote from: legiteum on Today at 06:56:54 PM

Bad: This event underscores what many of us have known for a long time, which is that Bitcoin will never be a real mainstream currency and doesn't need to be.

The original thesis of Satoshi N. has now been thoroughly discredited, as the blockchain architecture has proven itself impossible to scale to even a ten-thousandth of the volume necessary to service the world's current transactions. Almost no holders of Bitcoin keep their own private keys, which means they are kept in some institution, which is kept in some centralized database somewhere, making a mockery of the original vision of Bitcoin.

How do you see it as a global currency if it's incapable of managing millions of transactions every hour? It's not built to do so without second layer solutions, so maybe its role is not to be a currency but a store of value? You say it yourself that it's impossible for it to serve the whole world in its current state, so I don't see this as a bad thing. You can't expect a pig to fly, so it's not a bad thing that it doesn't.

I don't see Bitcoin as a global currency. And I agree, it's not necessarily a bad thing. Lots of technologies start off as one thing and evolve into something completely different.

Bubble wrap was originally created as a wallpaper, for instance:

https://www.businessinsider.com/successful-products-that-were-originally-intended-for-a-completely-different-purpose-2016-3

Grin