"This same philosophy is why BCHers are so intent on getting more merchants to accept Bitcoin as a method of payment. Their belief is that increasing aggregate spending will create network wealth. The 9+ years of Bitcoin history stand in contrast to this belief." #Facts https://t.co/9KvvaloIJ4
This is a VERY OLD debate that's very tiring to keep reading about. Basically, is bitcoin a store of value (because of it's digital scarcity) or is it simply a fancy 'new' payment method. Which has to come first--the payment method or the store of value?
I had this argument DIRECTLY with Roger a long time ago. He told me he basically wants bitcoin to become Paypal 2.0. I told him there is no value in holding bitcoin if people just want to use it as a means of payment. If it's just a payment method then you convert your cash to bitcoin when you want to make a payment and the recipient converts to cash as soon as they receive the bitcoin. It makes no difference what the price of bitcoin is if it's only a payment method--you just convert the amount you need to 'transfer'. There is no reason to 'hold' any bitcoin then.
I couldn't get him to understand that it needs to become a store of value first and then a payment method. It's only when it's a store of value that people will WANT to accept it as a payment method.
Roger fundamentally believes that there is 'value' in having bitcoin as a payment system (like Paypal) and NO ONE can convince him otherwise.