Quote from: legiteum on May 07, 2024, 04:32:26 PM

Blockchain is slow and expensive to transact in on purpose because of proof-of-work and decentralization. No cryptocurrency will ever come even close to scaling to the billions of transactions each day by people worldwide.

Quote from: legiteum on Today at 02:13:58 AM

Then you are misunderstanding the basis of Bitcoin, and thus the blockchain architecture.

If you didn't care about the government, then why not just use a plain old bank? Without the ability to evade government subpoenas, what actual added value does Bitcoin have? What can it do that other means of transfer cannot do? Trillions of dollars in payments go across borders every single day. This is not something that is unique to Bitcoin.

You have a bad habit of presenting your views on what Bitcoin and blockchain are and for what they were designed for like you are Satoshi!
Well, I don't have to tell you but just to make sure, you're not!

The blockchain was not designed to
- be slow
- evade governments
- as a competition with banks
- and the proof of work algorithm has nothing to do with the utility of it

Satoshi designed a p2p currency, nothing else, he never mentioned it should be slow because why would he, he didn't think of a way to evade anything other than a third party, and most importantly he never spoke about it as some sort of investment or focused on the money part.

All you try to portray bitcoin as is your interpretation, if you knew how bitcoin was designed and for what we wouldn't have had satoshi we would have gad legitum as the inventor.
Satoshi mentioned the government only once, and you're not going to like it:

Quote from: satoshi on July 05, 2010, 09:31:14 PM

"The developers expect that this will result in a stable-with-respect-to-energy currency outside the reach of any government." -- I am definitely not making an such taunt or assertion.