Miners are losing confidence in BTC's scalability and are seeking to combine their fate with BCH to protect their capital. The current price increase may signal the end of BTC's dominance.
The essay explores whether the primary function of cryptocurrencies, particularly Bitcoin, is to evade regulation, banking systems, taxes, and discretionary inflation, featuring insights from philosopher Sebastián Ortiz.
The essay examines whether Bitcoin serves primarily to evade fiscal scrutiny and centralized banking, linking its philosophy to agorism and anarcho-capitalism. It highlights that, while some view cryptocurrencies as a form of economic resistance, they also promote financial inclusion and innovative economic models.
Marcelo Fleischer engaged with BTC maximalists during LABITCONF, challenging their beliefs in the panel "Los Herederos de Alberdi." His arguments sparked debate and varied reactions among attendees.
The essay emphasizes that despite missed opportunities in cryptocurrency investment, it’s essential to focus on the ongoing evolution of digital currency. It encourages learning and participation in this transformative process, rather than dwelling on past regrets.
BTC miners face disappointment due to lack of scalability, leading them to consider BCH as an option to preserve their capital value. It is questioned whether this is a temporary increase or the beginning of the decline in BTC's dominance.
The essay discusses the ongoing debate in the market regarding BTC and BCH, questioning the longevity of market confusion and whether narrative or utility prevails. It ponders if BTC is at risk of becoming obsolete like MySpace.