Thursday, 24 June 2021

This may be uncomfortable for even BCH supporters to admit but Bitcoin wasn't made to counter fiat currency or challenge gold....

"What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party" - Satoshi Whitepaper

BTC is explicitly introducing trust back into the system, with watchtowers for LN, trusted sidechains like Liquid, or custodial 'solutions' like Strike.

All of these reintroduce what Bitcoin was made to destroy - trusted middlemen that can reverse transactions and increase costs - disallowing "small casual transactions" over the internet.

Bitcoin was made to remove trust - while BTC is destroying the very reason why it was created in the first place.

submitted by /u/throwawayo12345
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source https://www.reddit.com/r/btc/comments/o6hmoo/this_may_be_uncomfortable_for_even_bch_supporters/

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