[mdoms]

> Don't be pedantic here and claim it was supposed to be some kind of money, but it's not

From the Bitcoin whitepaper, page 1 paragraph 1 sentence 1

> A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution

What universe do you people live in?

[thebean11]

Sure, that's true but is it a useful take? It's like criticizing a company for pivoting from it's S-1.

[mdoms]

If it's not useful for money what use is it? Other than a Ponzi scheme.

[thebean11]

Transferring large sums cheaply without either party needing bank accounts, speculation, inflation/"doomsday" hedging, private transactions (public, but not necessarily tied to your identity), smart contracts (escrowed transactions for example).