> Shitcoins are not the competition because payments are not the use case, settlements are,
The market says otherwise, which is why USDT-TRX has more volume than Bitcoin. This type of rhetoric is some Sayloresque store of value shit, and completely ignores what people are doing with blockchains. It is purely speculative and requires you to ignore trivially verifiable evidence.
Payments, remittances, and contracts. Those are the use cases of blockchain. You would like the real product to be settlement. Maybe it will be a long time from now. But Satoshi said blockchains were for payments, and the market seems to agree.
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> which is why USDT-TRX has more volume than Bitcoin
So do dollars, you may as well just use them then.
> what people are doing with blockchains
The people that aren't degen gambling are storing value
> Payments, remittances, and contracts. Those are the use cases
To capture value (Bitcoin)
> So do dollars, you may as well just use them then.
Bitcoiners have said this dumb shit enough that most of the world has listened, which is why all the majority of economic activity is happening on other chains.
> The people that aren't degen gambling are storing value
No, but the people who hold the tokens that the gambling contracts run on might be.
>> Payments, remittances, and contracts. Those are the use cases
> To capture value (Bitcoin)
Of course, this is *very visibly* not what is happening. Because Bitcoin’s share of daily volume is now abysmal, and things like wBTC have gone down in the amount of Bitcoin they hold in escrow. Over this past decade people are increasingly abandoning Bitcoin as a store of value, primarily because it was not made to be a viable medium of exchange. People are exhausted with these kinds of cultish ideological demands of how they use their money. We simply want it to work, as currency, in a reliable, private, and fungible manner. Everything else is secondary. You want to insult my honor and say I am surrendering? Okay, fine, call me names. Whatever. You’re the totally brave rebel aligned with Saylor and Blackrock, Bitcoin is the one true settlement medium and store of value, and I am the cowardly yokel that doesn’t want to tinker with new Lightning software every week. I don’t care anymore. Nobody cares about these kinds of emotionally manipulative ad homonyms anymore, and the numbers bear that out.