๐ก 1) "Why do we value Bitcoin in dollars?"
Most people donโt fully understand money or Bitcoin yet.
Weโve been conditioned to trust government-issued fiat currencies like dollars or euros.
Change takes timeโjust like the transition from:
๐ฏ๏ธ Candles โ ๐ก Light bulbs
๐ Mail โ ๐ง Email
๐ณ Checks โ ๐ณ Credit cards
Bitcoin adoption is early, but more people are learning daily.
In the future, we wonโt assign a USD value to BTC. Instead:
BTC will value fiat currencies (e.g., $1 = X BTC).
๐ 2) "Bitcoin isn't stableโhow can it be money?"
Bitcoin seems volatile only when priced in fiat currencies.
Fiat has unlimited supply, while Bitcoin is the scarcest asset ever created.
Long-term: Bitcoinโs value trends upward ๐ because:
Fiat devalues over time.
Bitcoinโs supply is fixed at 21M.
The only true way to value Bitcoin is:
1 BTC = 1 BTC ๐
Right now, Bitcoin is the ultimate store of value:
๐ Value rises every 4 years (thanks to the halving cycle).
More people are saving in BTC, reducing supply.
Over time:
Merchants will prefer BTC over fiat.
BTC will stabilize at a rate tied to global productivity.
โณ 3) "Why is Bitcoin so slow?"
Bitcoin is intentionally slow at the base layer:
Limits transactions every 10 minutes to ensure decentralization.
๐ Allows anyone globally to run a Bitcoin node.
๐ Blockchain data can be stored on a personal computer.
Larger blocks = Fewer nodes = Centralization risks.
Bitcoin prioritizes:
Decentralization.
Security.
As internet speeds improve, it will be easier to run nodes and potentially increase block sizes.
Result:
A decentralized, global network where anyone can be their own bank ๐ฆ.
๐ Key Takeaways ๐
Bitcoin adoption will take decades for widespread use.
Price volatility is temporaryโBitcoinโs purchasing power will stabilize as more people adopt it.
BTC is a superior store of value now, transitioning to a medium of exchange as its value grows.
Bitcoinโs base layer is intentionally slow to prioritize decentralization and security.
The world is early in adopting Bitcoinโbut weโre on the right path.
๐ Bitcoin: The future of money.