Next time Core says BTC is "digital gold" remind them of the time the state said "give us your gold and we will give you a piece of paper that you can use at any time to redeem your gold"

Core supporters keep iterating they will still be free to use the original base layer, but they completely ignore the fact the system itself was changed fundamentally over the years so it will gravitate towards a custodian 3rd party service - once it pushes people out of the blockchain all the network effect will be in 3rd party services and their original coins will be sendable but not spendable -- a Chinese miner may validate their tx if he wishes but with no one to care for the on-chain transaction since the clients everyone will use will only honor the Liquid service on top, and with the help of the state who will see absolutely no problem with a cryptocurrency it can control and regulate through gateskeeper it'll be back to square one: Banking 2.0.

submitted by /u/unitedstatian
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source https://www.reddit.com/r/btc/comments/9niasf/next_time_core_says_btc_is_digital_gold_remind/