Bitcoin : Core Proponents – if your Bitcoin can do these things, I will convert today…
Let’s break this down to what this entire debate is really all about (in my opinion).
If you can convince me that BTC will fill all the Social goals Bitcoin was created to fill, I will convert back today. (Although I will still have been banned from your community)
* Disrupt Banking. Not facilitate it on the 2nd Layer. Disrupt it. Turn banks into nothing more than lending platforms and safe deposit box vaults. Blockbuster them.
* Bank the unbanked. And I don’t mean running villagers transactions in Africa through a Lightning hub that’s owned by Wells Fargo. Which, by the way, is likely to happen as your leaders have declared Bitcoin Layer 2 will facilitate “commercial banking”.
Bitcoin was not made to expand the customer base of the banking system by 6 billion people.
* Able to conduct Peer to Peer Cash for any amount. Any. Amount. On chain.
*This is literally the reason bitcoin was created. Bitcoin Core (BTC) does not do this anymore if there is any increase in usage on the block chain. It fails because you’ve kept it crippled for 5 years.*
Notice I said **able to**. Not have to. But **able to**. I have no problem with Layer 2 solutions for mass micro-transactions. That’s always been the plan. But not in the context of the block chain being effectively shut down.
As long as bitcoin is **able** to do what it was made to do, then I’m completely fine. You’ve got a convert. Because that means the 6 billion unbanked in the world will be able to onboard directly. **Like was supposed to happen**.
This one might be covered by BTC when Blockstream is finished making money off of the second layer and decides to expand the first layer.
In fact, all of these things may be covered by BTC when Blockstream gets around to raising the block size limit like they said they will.
After they’ve secured the commercial banking system as clients, and are taking a cut of all the transaction volumes through Liquid and other Layer 2 solutions. (quite literally the antithesis of why Bitcoin was created).
After bitcoin has suffered market dominance loss, and everyone that wants peer to peer Cash has moved on to other coins.
What say you?
Bitcoin
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Author: BitttBurger
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