In 2013, A Time Traveler Warned Us About Our Bitcoin Future. How Right Was He?

Thanks for that, hacker. I wasn’t aware of that one and will read it ASAP.

Is Bitcoin a failed experiment?

LOL, you got the history right, but you need to keep researching on all of your other points. 

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All of those coins you mention are not decentralized, so they aren’t even in the same category as bitcoin.

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And you’re severely misinformed about El Salvador. 

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And you don’t seem to be aware of The Lightning Network? 

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Anyway, keep reading and writing. Maybe start here -→ <https://hackernoon.com/bitcoin-is-the-only-digital-scarcity-that-matters-heres-why>

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Cheers!

This was a dispatch by Eduardo Prospero, bitcoin’s ambassador to Hackernoon.

Bitcoin Is The ONLY Digital Scarcity That Matters — Here's Why

Hey Bob!

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I´m glad our relationship took a turn for the best, and I’m also willing and able to share and discuss ideas with you. We don’t have to agree on everything and we probably won’t, but we can always discuss our points of view.

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As for Sam Bankman Fried, let me tell you this: He hated bitcoin and lied in front of congress and a few magazines about it. He told everyone that would listen that bitcoin couldn’t scale as a payment system when he very well knew that the Lightning Network existed and made his little coin obsolete.

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He was, in fact, one of the main investors and a major player in the Solana ecosystem.

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Most of these crypto entrepreneurs hate bitcoin because they can’t control it, and make their own little coins in which they have all the power. And then, eventually, rug the general public and run with the loot.

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Also, not to brag, but I denounced SBF as a scammer months before the scandal, check it out -→ <https://twitter.com/edprospero23/status/1552353538243690497>

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Cheers!

I recommend that you re-read the article once you calm down, Bob.

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For example, it says:

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> “According to the “[Economic Lowdown Podcast Series](https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-9-functions-of-money?ref=hackernoon.com)” of the St. Louis Fed, the most mainstream source I could find: “The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.” 

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Even the Fed knows that limited supply or scarcity is one of the main characteristics of money. It’s common knowledge. If you want to refute that fact, you´ll have to do much better than that unhinged comment.

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Then, the article says:

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> “Someday, this column will discuss why bitcoin is unbeatable in all of those departments except “acceptability.” Today, though, our concern is the “limited supply” or scarcity.”

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Bitcoin is not valuable “ because of its “rarity” or “scarcity” alone,” but that was the scope of this particular article. There’s no way to summarize the reasons why bitcoin is perfect money. It’s going to take work. You’ll have to be patient.

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Also, you seem to be confusing bitcoin with the rest of crypto. To cure that sickness, I prescribe my previous article -→ <https://hackernoon.com/why-bitcoin-only-bitcoin-is-not-crypto>

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Cheers!

I do accept ZAPS, which is slang for Lightning Network tips

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Eduardo Próspero