Damus
mm28888 · 39w
What I am trying to understand is if those other uses be used to compromise the core use of bitcoin in the long run? Doesnt nostr fill the role of providing a censorship resistant platform to upload...
Jameson Lopp profile picture
How do other uses compromise Bitcoin?

All uses have to compete economically for block space. If non monetary uses beat monetary uses, then Bitcoin as money fails.

That would say more about what people think of financial sovereignty than it does about art or degen trading.

As I see it, the way things are going right now, the threat to Bitcoin as money doesn't come from spammers, it comes from Number Go Up narrative pushers who tell people that ETFs and trusted third parties are fine to use because you'll get rich regardless.

That line of thinking is what causes demand for block space to drop, thus making it so cheap that people play stupid games with block space.
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goatmeal · 39w
ETFs and cashu didn't cause me to stop making real bitcoin transactions. it was the game of maybe paying 45 cents now and 45 USD later to do a transaction that made me stop. I once had to pay 70 USD in 2017 and I swore I would never risk my hard earned money like that again. when people say, "look o...
Christopher Marshall · 38w
I think the timestamp server use case might be very useful in reforming the financial / legal system, by proving who knew (or agreed to) what when. It would both compete with, and support bitcoin's use as a currency.