Aaron Smith It's a human construct whose value depends on a shared...

September 8, 2023 at 10:02 AM  ·  Comment — Archer T. Ships replied to Aaron Smith's comment.  ·  View on Facebook  ·  Markdown source

Aaron Smith It's a human construct whose value depends on a shared hallucination that it has value. That hallucination depends on the perception that it can be used as a P2P, censorship resistant money. As time has passed it has become clear, original BTC has gradually lost most of the features that make something money; original BTC is not private, not fungible, not censorship resistant (indeed, its transparent nature enables censorship), and costly (in time and money) to use in day to day transactions. But the devs have not taken the necessary steps to correct these deficiencies, stubbornly repulsing almost all new development, as well as censoring critics. The community around it ("Bitcoin maxis") have become an insular secular cult. So relative to Satoshi's original aims for it, it has lost its way.