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Topic: Stop adding features to Bitcoin that don't facilitate its use as electronic cash - page 4. (Read 738 times)

legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
Ordinals, Runes and anything that is decreasing the efficiency of the network while increasing fees. The purpose of the network is to provide a "peer-to-peer electronic cash" system.  Anything that is not directly related to this mission should not be in the code.
Bitcoin developers pave way to the development of Ordinals and BRC20 tokens but they are not the developers of the tokens. It was later seen as a bug but which might intentionally be included by bitcoin developers.

With the existence of the tokens, the developers and miners can make fast and low fee transactions possible but that is not what is happening, but it is possible.
hero member
Activity: 3080
Merit: 603
I think you also mean about Bitcoin as an investment, asset or a store of value. If these things that I've mentioned are also those features that you're pointing out.
There's no way to stop it because of its nature, supply limit and design, these features are inborn to Bitcoin and we as users, investors, holders or whatever you call yourself, we have to adopt it and use it with what we're comfortable of. No one stops us from using it as a p2p e-cash and the same goes for the other features. But, I hate ordinals.  Smiley
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
What are those features?
Ordinals, Runes and anything that is decreasing the efficiency of the network while increasing fees. The purpose of the network is to provide a "peer-to-peer electronic cash" system.  Anything that is not directly related to this mission should not be in the code.
Well, as much as I will love to agree with you, let's also not forget that high bitcoin transaction fees have existed even far before ordinals and all of other features you mentioned came into the picture.

And sorry to also say this, if you really think that bitcoin can only serve as an electronic payment system, even at this point; bud, wake up from sleep for you must be day-dreaming.
With all the current developments around bitcoin, with all its achievements so far, it is crystal clear that the majority of bitcoin buyers are not buying to spend it on goods or use it to pay for services, but majority are buying bitcoin for and as investment, if not all actually.. Go around town, many people hold bitcoin, and there are several outlets willing to accept bitcoin, but still, customers prefer to pay with fiat, and keep their bitcoin as investment for future profit.

And personally, I would rather sell a small part of my bitcoin, convert it to fiat and pay for what ever I want to purchase, than spend bitcoin to buy it, yeah, the white paper said "electronic peer to peer cash system", but bitcoin as achieved and surpassed that.
member
Activity: 145
Merit: 26
Personal financial freedom and sovereignty
Even though we don't agree with Ordinals and all kinds of things in the Blockchain, we have to accept it, because the freedom that bitcoin creates also brings things that we don't like very much... So time and the market itself to say what will survive or not... And not there is nothing we can do but let time tell who is right.

You make a valid argument.

But I will restate what I think is the core issue here: Bitcoin is a system of electronic cash. As a system of electronic cash it has transformative power.  Let's keep it that way.
hero member
Activity: 742
Merit: 633
Ordinals, Runes and anything that is decreasing the efficiency of the network while increasing fees. The purpose of the network is to provide a "peer-to-peer electronic cash" system.  Anything that is not directly related to this mission should not be in the code.
Those aren't features in Bitcoin, but shitcoins projects that want to attack Bitcoin. Fortunately, I don't see any discussion or hype about this shitcoins anymore, so it's good most people are now forget about ordinals.

I thought you want to answer the feature from Bitcoin Improvement Proposal, that's why I ask which one.
sr. member
Activity: 448
Merit: 691
In ₿ we trust
Even though we don't agree with Ordinals and all kinds of things in the Blockchain, we have to accept it, because the freedom that bitcoin creates also brings things that we don't like very much... So time and the market itself to say what will survive or not... And not there is nothing we can do but let time tell who is right.
member
Activity: 145
Merit: 26
Personal financial freedom and sovereignty
What are those features?
Ordinals, Runes and anything that is decreasing the efficiency of the network while increasing fees. The purpose of the network is to provide a "peer-to-peer electronic cash" system.  Anything that is not directly related to this mission should not be in the code.
hero member
Activity: 742
Merit: 633
member
Activity: 145
Merit: 26
Personal financial freedom and sovereignty
Bitcoin was designed to be "electronic cash".  Nothing should be changed in core that does not support this mission.

The title of the Bitcoin white paper - "Bitcoin: A Peer-to-Peer Electronic Cash System".
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