[danneu]

Not quite. It's like limiting the dashboard of a smaller car.

For instance, mobile users can do without the "Latest Posts" sidebar on a forum, but the users preferred it on the desktop. You'd probably remove most of the Twitter Bootstrap topbar links from the mobile version because they'd scrunch up and get in the way, but that doesn't mean having the "Quickstart Guide" link convenient on the desktop version.

There's nothing glorious about not taking advantage of larger screen real estate to make your website more usable, convenient, and feature-accessible to your users. It's the difference between good and bad design.