There are so many projects that are better suited for fast and cheap transactions than a massively bloated proof-of-work blockchain.If Bitcoin was the only cryptocurrency in the world I think you could make a decent argument that the block size should be increased. However, the invention of Bitcoin opened the door to so many other possibilities of what a cryptocurrency can be and what it can look like. That allowed Bitcoin to effectively offload the responsibility of enabling fast and cheap transactions to other projects. This in turn sparked an incredible amount of innovation and new projects that never would have existed otherwise.Now Bitcoin can fully embrace it's role as digital gold, the best store of value the world has ever seen, and eventually, a global reserve currency.I've never understood why some people mock Bitcoin for "only" being a store of value. Do you have any idea how earth shattering it would be if the global economy started to build itself around a decentralized, permissionless monetary network that no goverment has the ability to control? It would truly change the world.
Submitted February 18, 2021 at 11:28PM
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