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Author Topic: The current Bitcoin economic model doesn't work  (Read 96138 times)
Cryptomaniacal
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January 15, 2021, 10:35:36 PM
 #461

Bump. Been fun reading up on this ancient thread. The Suggester, for all his angry childishness, had been proven at least somewhat right by time.

The thing that gets me, however, is the fact that although the narrative has gone from a medium of exchange to a store of value, none of the early adopters and more disturbingly, core developers, especially Satoshi, had anything like this in mind, when they laid the foundation.
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January 15, 2021, 10:51:29 PM
 #462

Bump. Been fun reading up on this ancient thread. The Suggester, for all his angry childishness, had been proven at least somewhat right by time.

The thing that gets me, however, is the fact that although the narrative has gone from a medium of exchange to a store of value, none of the early adopters and more disturbingly, core developers, especially Satoshi, had anything like this in mind, when they laid the foundation.

You release something like this out into the wild and you longer have agency over it. It no longer matters what Satoshi had in mind or what the early developers thought Bitcoin was going to be. All that matters now is what it is, and it's definitely not a viable currency. It's only now being more widely accepted as a store of value.  I don't expect these two things to change.

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January 15, 2021, 11:35:59 PM
 #463

I don't expect these two things to change.

Ever? It'll never become a currency and forever remain a store of value?
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