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by richrichie 570 days ago
> BTC, which is designed to not be able to scale even as far as just serving the transactions of people eating lunch in Berlin.

BTC’s counterparts are treasury bonds and gold. Not cash. Many non-econ background tech people misunderstand the difference. Try buying lunch with gold or treasury bond.

1 comments

I will readily agree with you that:

> Many non-econ background tech people misunderstand the difference.

Unfortunately that includes the creators, early adopters, and many active proponents.

The first thing purchased with BTC was famously two pizzas.

The title of the original paper was "Bitcoin: A Peer-to-Peer Electronic Cash System": https://bitcoin.org/bitcoin.pdf

I've seen restaurants offering to accept it.

Musk briefly offered to accept it at Tesla.