I think today is an important day to remember when people talk about Bitcoin’s “switching narratives”. Its the 6th Anniversary of the UASF that created Bitcoin Cash. I don’t agree with the “Bitcoin is just a get rich quick” characterization but the people who claimed the true goal was faster/cheaper lost that debate and have mostly left Bitcoin (prematurely, considering Lightning and other Layer 2s can deliver that). The scarce/SoV group won the debate & remains. The Narrative didn’t change, there were always people who saw this scarcity argument as the real value behind the network, but we didn’t know that was what the Market wanted until the UASF.
Bryon D Bothun
npub15s…z4ce5
2023-08-01 15:19:57
Author Public Key
npub15sfwtwn84qlvc6u3urqcgtk7yvwcufklvt7e55sw53x0k5n3ejqqez4ce5Published at
2023-08-01 15:19:57Event JSON
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"content": "I think today is an important day to remember when people talk about Bitcoin’s “switching narratives”. Its the 6th Anniversary of the UASF that created Bitcoin Cash. I don’t agree with the “Bitcoin is just a get rich quick” characterization but the people who claimed the true goal was faster/cheaper lost that debate and have mostly left Bitcoin (prematurely, considering Lightning and other Layer 2s can deliver that). The scarce/SoV group won the debate \u0026 remains. The Narrative didn’t change, there were always people who saw this scarcity argument as the real value behind the network, but we didn’t know that was what the Market wanted until the UASF. \n\n ",
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}