Bitcoin was designed to be digital cash, usable in everyday commerce, with minimal fees and fast transactions, and it worked that way for years. But today, Bitcoin is thought to be “digital gold,” not meant for everyday commerce, with high fees and slow transactions—a complete reversal of the original design. It’s discussed as a “store of value,” with little care for its utility as a payment system.
– Roger Ver, Hijacking Bitcoin: The Hidden History of BTC
Roger Ver is the founder of Bitcoin.com, and Steve Patterson is the founder of the Natural Philosophy Institute.
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