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RE: WIN 500 SP - DISCUSSION: "Should Bitcoin Just Be a Currency or Store of Value?"

in #bitcoin8 years ago

"Should Bitcoin Just Be a Currency or Store of Value?"

I think bitcoin should try to maximize their utility in any way it can. That means trying to build different platforms and utilize blockchain in many different ways other than just a currency to store value.

The issue is when bitcoin does a poor job when trying to utilize blockchain in different ways. Then it just makes things worse if a poor job is done.

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But it is having trouble with scaling as it is. Doesn't adding more things to it just make the situation worse?

Trouble scaling its use as a currency around the world you mean? For that i think its doing a good job actually, Australia is making it easier for cryptocurrencies, Japan, other countries as well. Its only the start.

If adding these things are done in a poor way then yes it'll hurt them more than anything. If they are executed well then it can only add. Its like an empire - if we add more land and its managed well then do it if not managed well then empire will fall.

Our definitions of good job must differ then!

I respect that you still upvoted me even though they may differ! :D