lol I guess you just settled a hundred years of product liability jurisprudence
replyBitcoin isn't a product.
replyAgreed.
replyBitcoin isn't a store of value (its too volatile), it isn't a currency (too slow and expensive for small transactions), and it isn't even a product in its own right.
- You can use it as a store of value.
- You can make transactions.
replyIf you don’t like it or think it’s too slow doesn’t change these facts.
I agree that it’s not a product though. It is a distributed system that nobody owns.
My point is thdt your aren't really storing value when price is highly volatile, you're gambling. If I put $100 into a store of value, it would continue to be worth $100. If I put $100 in and it may be $30 or $300 later, that isn't value stored.
replyAnd yes you can functionally make transactions, but based on current transaction fees it looks like I'd pay $0.22 in fees so I could wait 10-20 minutes for a transaction to likely clear. I'm not doing that at a gas pump, grocery store, etc.
Broken by design?
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Yep exactly. Broken from design stage. So that engineer were talking about is... Satoshi!?
replynot such a genius after all /s
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