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to play devil's advocate: has gold failed as a monetary good? it is not used in payments on a daily basis, and is most commonly thought of as SoV. i would strongly argue that gold has not "failed" by any means. you know i love you and appreciate your work uncle! but, i think that sometimes these "bitcoin fails if xyz" are reductive and subjective (ultimately)
↩ replying to dern
Governments (in particular the US Gov) removed our ability to use a money backed by Gold. They converted our Money from Gold and Silver coins to Paper Certificates, then removed the backing of that paper. Do not let them do this again with CGT, ETFs and custodial solutions. Bitcoin can be used as Money today, and in order to ensure it can be used as Money tomorrow, you should use it.
Sorry but i agree with both view. * For me bitcoin is nowadays buy by big investors and it means they will hold a lot of bitcoin they will use as an invest value, to sell it at a higher price. I am not sure you will be able to pay little food ticket with the blockchain, of course you will be able to pay foods, but not the most tickets. I think other payment will do it better than bitcoin (like lightning) and for cheaper fees. So bitcoin will be used for some payment (more expensives ones) due to his fees, and this will not be better when miners will have only fees to "mine" and no rewards anymore. * I also agree with the vision that bitcoin MUST stay a payment / store money value, and not a everything store blockchain. It have to keep prioritizing payment on any other purpose, and there is no debate on this point. If bitcoin became a shitcoin blockchain, it will be the end because investors will leave the chain (no more "value" to store or gain). I also agree with some who say that if you allow to store everything like it is possible today, you can influence the payment time (by higher fees), and this is not acceptable. The priority MUST always be the payment because it is his purpose and even his main value ! In some words, #bitcoin is for payment and to store "money" value for inverstors this is his main purpose. If you let some other things been store on the blockchain it will have to be "secured" enough to avoid any conflict with the main purpose (and it is not the case today). If you don't be careful about that point this will really be the death of bitcoin. It is what all of you (each sides fighters) want ?