| submitted by /u/readish
As we see the efforts of 2x evaporate we need to come back together as a community. If this doesn't provide everyone in this community a valuable lesson, it's that Bitcoin needs community consensus. Being divisive with political rhetoric doesn't help scale bitcoin and neither do these "signed agreements".
We need better tools for measuring consensus that extend beyond miners signaling or companies signing agreements. These obviously do not reflect consensus at all. Otherwise we're going to keep repeating these upgrade battles.
I hope companies have learned their lesson in supporting these forks that have wasted resources they could've been using supporting Bitcoin.
If you peruse the various subreddits on the subject of crypto you'll see incredible frustration among the various communities behind other coins. Faster transactions, more transactions, larger blocks, faster blocks, turing completeness, confidential transactions – yet the price of bitcoin keeps going up without these.
Because bitcoin, at this stage in history, isn't about any of those things. Bitcoin is a system that can be used to reliably store value at no cost. Scarcity and security are the keys to value and you don't need any of those other features. And nobody has suggested any way at all to improve on these features of bitcoin.
So bitcoin keeps on winning on value and becomes the fastest growing way to store value. And of course, its value skyrockets as more value is crammed into it.
When the time comes to go from savings to spending, the competitive landscape will be very different. But you can't spend what you haven't earned and saved, and all of today's alternatives to bitcoin will have failed at earning the position of a savings vehicle.
The Bitcoin phenomenon isn't about a bunch of people who all believe the cryptocurrency is a good investment. That's part of it. But for many, the …
Google Alert – bitcoin
Just check out BCH’s 24hr volume…what do you guys think?