I demand clarity from those who would claim BTC resembles the Bitcoin described in the white paper.
Show me how it fulfills the purpose set forth by its creator—small, casual transactions, true digital cash for the individual. BTC is not cash; it’s a prisoner of intermediaries, reliant on bucket shops like Coinbase and other exchanges to even function. This is no revolutionary tool of freedom; it’s shackled by dependence, robbed of its intended utility.
If it cannot be used as cash, if it cannot sustain the simplest of exchanges without oversight and interference, then how dare anyone equate it with the Bitcoin envisioned in the white paper? Prove its merit, if indeed it has any left.
The comparison in this comment is absurd. Suggesting that BTC fees of $60 are "to be expected" ignores the fact that Bitcoin was designed as a digital cash system, not a high-fee luxury asset for large transfers. Equating BTC's fees to a 3% international transaction fee misunderstands the purpose of Bitcoin, which was intended for small, efficient transactions, even fractions of a cent. Imagining a "cash system" with only $2,000 notes is preposterous; cash exists precisely for accessibility and frequent use in small transactions, something BTC’s high fees prevent entirely. BSV, unlike BTC, maintains this original vision by supporting low-cost, microtransactions, which BTC has abandoned.
S. Tominaga AKA CSW
Nov 3, 2024
https://x.com/CsTominaga/status/1852902290639958321?t=33iWWzLhQSHQ3IWlAfqzPw&s=19
https://t.me/S_Tominaga/1875
Show me how it fulfills the purpose set forth by its creator—small, casual transactions, true digital cash for the individual. BTC is not cash; it’s a prisoner of intermediaries, reliant on bucket shops like Coinbase and other exchanges to even function. This is no revolutionary tool of freedom; it’s shackled by dependence, robbed of its intended utility.
If it cannot be used as cash, if it cannot sustain the simplest of exchanges without oversight and interference, then how dare anyone equate it with the Bitcoin envisioned in the white paper? Prove its merit, if indeed it has any left.
The comparison in this comment is absurd. Suggesting that BTC fees of $60 are "to be expected" ignores the fact that Bitcoin was designed as a digital cash system, not a high-fee luxury asset for large transfers. Equating BTC's fees to a 3% international transaction fee misunderstands the purpose of Bitcoin, which was intended for small, efficient transactions, even fractions of a cent. Imagining a "cash system" with only $2,000 notes is preposterous; cash exists precisely for accessibility and frequent use in small transactions, something BTC’s high fees prevent entirely. BSV, unlike BTC, maintains this original vision by supporting low-cost, microtransactions, which BTC has abandoned.
S. Tominaga AKA CSW
Nov 3, 2024
https://x.com/CsTominaga/status/1852902290639958321?t=33iWWzLhQSHQ3IWlAfqzPw&s=19
https://t.me/S_Tominaga/1875
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