Bitcoin Will Not Be a Medium of Exchange

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2 points_7fvc2 comments

Author here. While I think Bitcoin will not be a medium of exchange, I think it'll be an important Store of Value. I propose running a parallel blockchain with 7% inflation to be a digital currency, the "bad" currency.

In the white paper it is explained that Bitcoin can ONLY can succeed as Peer-to-Peer digital cash, as it says in the title.

Any perversion or spin off of that goal is not "Bitcoin" as described by Satoshi.

Oddly, the Legacy BTC chain could increase the block size to lower fees and again be used a peer-to-peer cash. But it is now run for the benefit of companies like Blockstream.

Of course, Bitcoin Cash is the closest thing to "Bitcoin" we have today, and Ethereum is a close second in usefulness. The Legacy BTC chain is a "SoV" ponzi scheme at best, controlled opposition at worst.

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