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 for expressing concerns about Blockstream)
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Disrupt Banking. Not facilitate it on the 2nd Layer. Disrupt it. Fuck it up. Make it sweat. Turn banks into nothing more than lending platforms and safe deposit box vaults. Blockbuster the shit out of them.
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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 exactly what’s going to happen in the next 5-10 years. Bitcoin was not made to expand the customer base of the banking system by 6 billion people. But that’s exactly what your BTC is going to become very soon.
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Able to conduct Peer to Peer Cash for any amount. Any. Amount. On chain. This is literally the reason bitcoin was created, and your version doesn’t do this anymore, if there’s any increased activity on the block chain.
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 made all their money.
After bitcoin has suffered market dominance loss, and everyone that wants peer to peer Cash has moved on to other coins.
What say you?
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source https://www.reddit.com/r/btc/comments/9dza8u/core_proponents_if_your_bitcoin_can_do_these/
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