So, consens here seems to be that Bitcoin is no currency, but a settlement layer and everybody who doesn't believe is stupid or a fudster

I was interested in Bitcoin the currency, but since I'm not in charge of anything I have the choice to accept Bitcoin is now a settlement network or I leave. I'm not sure, what to do ... but I have some suggestions for this sub:

• change the sidebar from "Bitcoin is the currency of the Internet" to "Bitcoin is the settlement network of the internet

• delete posts that say "X accepts Bitcoin" until lightning is ready. By now this is useless and sucks users in believing wrongly that Bitcoin was a currency

• stop talking about bitcoin as a cryptocurrency. Allmost every altcoin is a cryptocurrency, but since 2016 we know bitcoin is a settlement network.

Edit: Considering many comments it would have been better to say: Bitcoin is no payment network than bitcoin is no currency. But the fact remains that Bitcoin is no currency that many people can use on a daily basis to pay (I think the term "currency of the internet" implies something like fast and modern money which you can use to pay. That is a wrong assumption and should be corrected.

Submitted March 07, 2016 at 07:22PM by CBergmann http://bit.ly/1ptRFpm