Topic: P2P Cash or Settlement Layer? - page 4. (Read 2612 times)
I think the only magic ingredient left to be added is speed of confirmations. If you want to compete with the big credit companies and their payment processing platforms (VISA, Mastercard, Paypal, etc) then transactions need to be validated quickly. The fees that bitcoin could knock off are huge. It may be an inherent and unavoidable feature of the way bitcoin works but almost-instant confirmations would mean it beats anything else out there. This way would help both P2P and business deals
So within what you believe is achievable... what would you want Bitcoin to be?
You didn't give me a definition of P2P Cash. I would say that a mixture of both is achievable by raising the block size limit (only conservative and safe time) and developing a secondary layer (e.g. Lightning Network). I do not think that Bitcoin can become "mainstream cash" on a single layer. 
It does not matter what people want if it is not possible. The real question is what is achievable.
So within what you believe is achievable... what would you want Bitcoin to be?
I want it to be exactly what it was meant to be:
Bitcoin: A Peer-to-Peer Electronic Cash System by S Nakamoto.
Bitcoin: A Peer-to-Peer Electronic Cash System by S Nakamoto.
It does not matter what people want if it is not possible. The real question is what is achievable.
Do you want Bitcoin to be digital P2P cash?
How do you define P2P cash? Is it not P2P cash right now? If you define it as a system which everybody in the world can use a the same time, then you won't like the answer.
Regardless of current debates over different implementations or scaling solutions... it is much more important for us as a community to have a rough consensus on what we want for Bitcoin. Not in a year or two... but 10 years down the line. That way we can work together towards the same goal and plan ahead.
What do you want Bitcoin to be? Do you want Bitcoin to be digital P2P cash? Or do you want Bitcoin to be a secure settlement layer? or do you want it to be something else (Digital Gold? Smart Contract platform?)?
Please don't just vote, but also give your opinion and explain your reasons. This poll can provide extremely useful info for everyone... users, miners, devs...
And please, pretty please don't turn this into another us vs. them debate. We've had enough of those. Just rational arguments with no reference to people.
What do you want Bitcoin to be? Do you want Bitcoin to be digital P2P cash? Or do you want Bitcoin to be a secure settlement layer? or do you want it to be something else (Digital Gold? Smart Contract platform?)?
Please don't just vote, but also give your opinion and explain your reasons. This poll can provide extremely useful info for everyone... users, miners, devs...
And please, pretty please don't turn this into another us vs. them debate. We've had enough of those. Just rational arguments with no reference to people.
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