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RE: Can Bitcoin Scale on Today's Computers? Do We Need 2nd Layer Solutions to Compete with VISA?

in #cryptocurrency6 years ago

Again, Cashies seem to have trouble isolating important concepts.

In the video, Jimmy immediately defines why he is posting it:

Roger Ver says that everyone should use Bitcoin as a means of exchange, or else it is worthless

(In the same point, talking about Roger Ver)

You need to use it, even if you don't want to because it helps the economy - just like central governments do

This is precisely what he's talking about - Roger espouses this notion that you NEED to spend, or else it isn't worth anything.

That is a KEYNESIAN strategy -- centered around spending to boost economic growth.

But again, I'm arguing with a Cashie that doesn't care what Roger says, as long as it aligns with the view that Bitcoin is "bad" and your alt-fork is somehow the answer.

It isn't, and from every metric I can see -- a majority agree with me.

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Roger espouses this notion that you NEED to spend, or else it isn't worth anything.

No. He espouses the notion that you need to be able to spend. At least that is my take on his opinion.

Once again, network effect in a vacuum has no value.