As Bitcoin Breaks All-Time Highs Near $18,000 Its Future Has Never Been So Uncertain

Bitcoin has yet again hit another all-time high today of $17,645.89 on the Coindesk Price Index.

And, now, according to many of the Bitcoin Core developers, bitcoin’s objective is no longer to be an electronic cash system.

This is a massive change that seems to have gone unnoticed or unchallenged by most. Yet, it could potentially mean the death of bitcoin.

Many of bitcoin’s detractors like to point out that bitcoin has no intrinsic value. Of course, nothing has intrinsic value, so they are making a non-argument from the get-go.

But, when pointing out why bitcoin has subjective value, some of the main points were:

1.)It is a digital cash that facilitates transactions perfect for the digital age

2.)It is cheaper to use than traditional cash and transfer systems

3.)It is faster than traditional cash and transfer systems

Now, with the direction Bitcoin Core is taking bitcoin, none of those points are fully true any longer.

But, all of those points would still be true if the bitcoin block size was just increased from 1mb to 8mb.

As a reminder, 1mb is less than what was held on this archaic storage medium from the 1980s.
Yet, while much of the traditional financial world are piling into bitcoin, the direction of bitcoin has perhaps never been so unsure.

I’ve posited my conspiracy theory of how Blockstream and others may have surreptitiously hijacked bitcoin. But, whether that is the case or not, one thing is absolutely for sure; Bitcoin has changed dramatically in the last year from its initial intention and objectives as outlined