1/4 The idea that #SatoshiNakamoto has created #Bitcoin to casually pay for coffee or beer doesn't make much sense to me. He couldn't have seriously believed that waiting for 10 minutes at the cashier would have been practical...
2/4 The genesis block instead clearly illustrates that what he intended to create was a p2p alternative for banks, or more accurate: central banks. He wanted to empower people and allow them to act as their own banks, iow: to fully control their own money. 
3/4 So it seems reasonable to conclude that #Bitcoin wasn't meant to be a *daily* medium of exchange (MoE), but rather a Store of Value (SoV). A way to move and store value in an unconfiscatable, secure and ultimately non-inflationary way, independent from authorities.
4/4 Footnote: I consider "2nd layer solutions" like the #LightningNetwork as nice and promising extensions of the #Bitcoin system, but nothing that Bitcoin would need to justify it's value or purpose - for the reasons I have outlined above.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
