Bitcoin Will Still Bite the Dust - Kevin Dowd, page-19

  1. 10,259 Posts.
    lightbulb Created with Sketch. 12

    The entire point of decentralized money is that one can finally store wealth somewhere safe that no one can take it. That is the only usecase that is truly revolutionary. Everything else is secondary, or even tertiary.


    Plenty of currencies have existed fordecadesthat can be sent quickly and easily between peers. That is not what Bitcoin was created for. Bitcoin is P2P Digital Currency, not an "Instant Payment Processor."


    Oh, and even during the worst TX fee months Bitcoin allowed people to send thousands of dollars almost free as long as you can wait a day. Even in December of 2017 Bitcoin was only expensive if you needed to send money in under an hour, and why would you use bitcoin for that?!


 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.