I do not buy the whole vision of Bitcoin as a settlement network, I do not see that happening at all with a restricted blocksize. I think the entire conception is flawed and unrealistic. What is best for Dash is for Bitcoin to thrive, Dash will survive without Bitcoin but we should expect it to take much longer before we start to see true mass adoption if that did happen to Bitcoin.
I agree, that Bitcoin must survive!
Bitcoin does not have to survive for the cryptocurrency revolution to succeed, this is in part why the altcoins are an extension of the ethos within Bitcoin itself.
I don't think it's possible for the banking industry to create a "settlement coin" because the network has to be distributed and I don't think they can do it by themselves, and feel secure that no other banking conglomerate has more hashing power, or is able to control the network over others. Bitcoin is a 3rd entity.
Their settlement network does not have to be distributed, it is not distributed now. The blockchains the banks are building now are also permissioned and centralized blockchains. Therefore can not compete directly with real cryptocurrencies. My point was that the banking industry will not move their operations over to Bitcoin unless they have to, in order to stay relevant. I think this can only truly happen through mass adoption of Bitcoin as a currency. Therefore the vision of the Core developers that Bitcoin should be a settlement network and not a currency actually undermines the entire vision of Bitcoin itself. The whitepaper title did say "Bitcoin: A Peer-to-Peer Electronic Cash System". They are essentially moving away from the original vision of Satoshi, the more honest small blockist will admit this.
I do question though, what the point of a settlement network even would be in a world where everyone is free to transact quickly, easily and cheaply.
But who knows? I've never been interested in finance before, so all this is new to me, and I always screw something up in my thinking, LOL. I just want crypto currency to take power away from governments, especially mine, in a peaceful way. It's so out of control, and until I discovered Bitcoin, I couldn't see any way that our world governments could be shrunk down and be forced to do the will of the people. This whole crypto currency thing is the first time I could see a light, one that will make the world better without first having to suffer a war or something. I know that's idealistic and most normal people would consider it silly and childish, but I have great hope for this movement.
I feel the same way, and I think that most normal people are the ones that are actually silly and childish.