The original Bitcoin Whitepaper laid out multiple use cases:
* digital cash
* peer to peer transactions
* digital gold
* censorship resistant transactions
* hard money with fixed monetery policy and capped supply
* highly-decentralized with no single point of failure
Never did it promise to be a high throughput alternative to Visa for buying coffee
Nevertheless the Lightning Network has innovated in the space such that buying a coffee is now trivial using Bitcoin.
I am a crypto “chud” and I believe eventually Bitcoin will become a viable currency and a stable unit of account.
It isn’t that today as it is still a highly volatile asset class with rapidly growing adoption but we are still early.
For now it provides dissidents a viable option that is apolitical and cannot be easily censored.
It offers a hard-money alternative to fiat-money which can be arbitrarily inflated/diluted in value by centralized powers.
It offers a digital asset that is highly liquid, difficult to confiscate, and easy to access for the billions of unbanked throughout the world.
You may not see the use case for Bitcoin but that speaks more to your individual privilege as a citizen of a first world nation than it does for Bitcoin’s usefulness to millions or potentially billions of people around the world.
* digital cash
* peer to peer transactions
* digital gold
* censorship resistant transactions
* hard money with fixed monetery policy and capped supply
* highly-decentralized with no single point of failure
Never did it promise to be a high throughput alternative to Visa for buying coffee
Nevertheless the Lightning Network has innovated in the space such that buying a coffee is now trivial using Bitcoin.
I am a crypto “chud” and I believe eventually Bitcoin will become a viable currency and a stable unit of account.
It isn’t that today as it is still a highly volatile asset class with rapidly growing adoption but we are still early.
For now it provides dissidents a viable option that is apolitical and cannot be easily censored.
It offers a hard-money alternative to fiat-money which can be arbitrarily inflated/diluted in value by centralized powers.
It offers a digital asset that is highly liquid, difficult to confiscate, and easy to access for the billions of unbanked throughout the world.
You may not see the use case for Bitcoin but that speaks more to your individual privilege as a citizen of a first world nation than it does for Bitcoin’s usefulness to millions or potentially billions of people around the world.