Post
Topic
Board Bitcoin Discussion
Re: Stop adding features to Bitcoin that don't facilitate its use as electronic cash
by
Fivestar4everMVP
on 18/03/2024, 15:00:55 UTC
What are those features?
Ordinals, Runes and anything that is decreasing the efficiency of the network while increasing fees. The purpose of the network is to provide a "peer-to-peer electronic cash" system.  Anything that is not directly related to this mission should not be in the code.
Well, as much as I will love to agree with you, let's also not forget that high bitcoin transaction fees have existed even far before ordinals and all of other features you mentioned came into the picture.

And sorry to also say this, if you really think that bitcoin can only serve as an electronic payment system, even at this point; bud, wake up from sleep for you must be day-dreaming.
With all the current developments around bitcoin, with all its achievements so far, it is crystal clear that the majority of bitcoin buyers are not buying to spend it on goods or use it to pay for services, but majority are buying bitcoin for and as investment, if not all actually.. Go around town, many people hold bitcoin, and there are several outlets willing to accept bitcoin, but still, customers prefer to pay with fiat, and keep their bitcoin as investment for future profit.

And personally, I would rather sell a small part of my bitcoin, convert it to fiat and pay for what ever I want to purchase, than spend bitcoin to buy it, yeah, the white paper said "electronic peer to peer cash system", but bitcoin as achieved and surpassed that.