Marty's Ƀent
Issue #708: Important reminder
You can't dictate how people should use bitcoin. Bitcoin has certain properties that enable different use cases. The predominant use case will fluctuate over time. Get over it.
You can't dictate how people should use bitcoin. Bitcoin has certain properties that enable different use cases. The predominant use case will fluctuate over time. Get over it.
Fortunately, bitcoin is here to fix this. But only if we fight for it and, most importantly, use the privacy preserving tools that come with it and can make the current laws in place too dumb to enforce
This seemingly small distinction has massive implications for some aspects of commerce. One which jumps to the top of the list for people who discuss this topic is merchant chargebacks.
It's hard to imagine a world in which Bitcoin doesn't succeed when you take a step back, look around, and see all the trends surrounding money pointing towards a more Orwellian, State-controlled panopticon disguised as freedom.
This trend also highlights the glaring need for an asset bereft of the ability to tax your hard earned money in an attempt to make up for a string of terrible monetary policy blunders. An asset like Bitcoin.
We have been given a very rare chance to correct the inherently flawed design of the first iteration of the Internet wrought with eCommerce that requires a third party to transact.
Without the ability to adjust the difficulty, assuming that Bitcoin had value and miners were joining the network, blocks would come in way too fast, expediting the issuance to the point where Bitcoin wouldn't be good as a money.
