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Friday, 26 February 2021

“Bitcoin evolved into a store of value”... except it already was a store of value, it just used to be a lot more than that too.

I see fairly often people comparing BTC to the internet or other projects that improved to become something beyond their original design, saying BTC has similarly grown to become a store of value. But Bitcoin was originally much more than just a store of value - it was a store of value and a medium of exchange, one that could be transferred instantly and cheaply by anyone.

BTC has only lost functionality, leaving it as at best an inferior and unnecessary store of value that can’t be used as a currency and at worst a speculative pyramid scheme. Bitcoin Cash brings back all the function Core took away from BTC (and continues to improve on it).

submitted by /u/-__-_-__-_-__-
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from Bitcoin - The Internet of Money https://ift.tt/2NJMCmt

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