Originally Posted by
motomania
Long post here……….but, some interesting angles I’ve taken away from reading deeper on the subject the past few years. I certainly don’t have all the answers here; I just find it interesting. (Be sure and stay away from big scary headlines and ‘crypto bro’ YouTube videos. All clickbait)
And not trying to convince anyone here; just recommending not to be too dismissive if you haven’t dug into it.
Bitcoin was designed as a decentralized, peer to peer payment system. Think of it as a network.
Like the telephone when it first started, no underlying value to it. And if a handful of people had phones, it was cool………but not a big deal. But, when millions of people have a phone, it’s now an incredible tool.
And like the internet in its infancy, no underlying value to it. And with a handful of websites around; that made it interesting; but billions of websites make it world changing.
Also, don’t look at it from a first world developed nation viewpoint. Be sure and think internationally. Especially emerging, undeveloped nations with floundering, corrupt governments and economies. 91% of the world has cellphones, but 35% are unbankable. Bitcoin gives the unbanked, access to a global financial system.
But, still don’t overlook governments who have frozen or seized citizens bank accounts. A recent example is Greece. A NATO, European country that seized money from a million citizens bank accounts just a few years back……….and for people to be so mistrustful of the government on this website, it’s probably not advisable to be so dismissive of something that could preserve your wealth from your government.
It really is worth taking a deep dive into and grab a book on the subject; just move the needle from skeptical to curious.