TLDR:
- Bitcoin’s original purpose was a decentralized, scalable, peer-to-peer electronic cash system.
- Designed for low-cost, scalable transactions, freeing people from banks and inflation.
- Whitepaper doesn’t advocate speculative holding to inflate prices for profit.
- Criticizes financial manipulation by figures like Saylor and BlackRock ETF access.
- Questions reliance on layers like Lightning Network for scalability.
- Argues Bitcoin has become a speculative asset, straying from Satoshi’s vision.
Bitcoin has totally lost its way. The purpose of Bitcoin "A Peer-to-Peer Electronic Cash System" as Satoshi Nakamoto designed it was for a stateless, decentralized, permissionless payment mechanism that was capable of scaling to VISA-level transactions that were cheap enough to…
— Sold At The Top (@soldatthetop) December 9, 2024
The devs have purposely choosen a paltry 4 Meg block limit thereby biasing the evolution tword the "digital gold" outcome rather then the original digital cash use-case. It's almost as if they had an incentive.
— Sold At The Top (@soldatthetop) December 10, 2024
Bitcoin’s transformation into a speculative asset undermines its revolutionary intent for financial freedom.