/biz/ - Business & Finance

I won't go too deep into the very complex narrative that has unfolded over the years, but to put it simply: bad actors overwhelmed a majority of the vote in the Bitcoin community just as Visa/AXA/bankers began to realize that it could be appropriated as a gold-like digital commodity that would act as the bedrock of the new financial infastructure. Many felt that this went against the original vision of Bitcoin, which was high velocity digital cash that could be sent peer to peer for cheap. This resulted in a "fork": one blockchain split into two, and in August of 2017 a new coin was created: Bitcoin Cash (BCH) . Most of the original BTC developers have since switched over to the cash chain and it is seeing healthy adoption and growth, while BTC has languished since reaching 20k in Dec 2017, with promises of a "Lightning Network" that will offload transactions to a secondary chain made up of payment channels, which can be imagined as a peer to peer escrow/tab system that can enable tiny micropayments and fast transactions… sounds cool, right?

Except it's an economically broken, technically suspect science experiment run by MKULTRA'd neckbeards who have aggresively pushed against the digital cash narrative ("just HODL bro", "use credit cards") for absolutely suspect reasons.

They use buzzwords like "sound money" and "anti-fragile" to placate the dumbasses that bought all their BTC at 20k and are now cucked into HODLing until the next great Bitcoin Boom.

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