Bitcoin Dictionaryvia treechat·2d
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  "map_content": "The value of a thing is not determined by wishes, slogans, or a crowd chanting at a price chart.\r\nThe value of a thing lies in what it does.\r\nBTC, at roughly four to seven transactions per second, is less useful as a payment network than a carrier pigeon stripped of its feathers.\r\nAt least the pigeon once had the decency to be capable of flight.\r\nBTC consumes vast resources to provide a deliberately crippled payment capacity. It is not superior infrastructure. It is an expensive monument to refusal.\r\nConversely, a system capable of millions of transactions per second would be something else entirely. That would enable commercial scale, machine payments, global micropayments, automated settlement, and transaction volumes beyond what Visa, MasterCard, and the big boys have achieved.\r\nThat is not a collectible.\r\nThat is infrastructure.\r\nA system that expands human trade at that scale is worth more than gold, because gold merely stores value. A scalable digital cash system creates, moves, and multiplies economic activity.\r\nValue is utility.\r\nBTC has negative economic value once its costs are measured against what it actually provides.\r\nWritten by S. Tominaga",
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  "timestamp": "2026-06-06T04:21:32.000Z",
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