emphasised textual content From a protocol-design perspective, Bitcoin is usually described in several methods:
as a retailer of worth, a settlement layer, or as censorship-resistant cash.
Particularly, I’m attempting to know which of those roles is most elementary
in line with Bitcoin’s authentic design and technical constraints:
- Is Bitcoin primarily supposed as a long-term retailer of worth?
- Is it designed primarily as a base settlement layer for big or rare transactions?
- Is censorship resistance the core property that defines its function?
- Or is Bitcoin deliberately a mixture of those roles relatively than a single one?
I’m in search of solutions grounded in Bitcoin’s protocol design, the unique whitepaper,
or broadly accepted technical reasoning (e.g., block measurement limits, charge market dynamics,
safety assumptions), relatively than value hypothesis or funding narratives.
References to particular elements of the whitepaper or protocol conduct can be particularly useful.
