Philosophy of Bitcoin Have you tried to have a think and reason Bitcoin beyond been just a currency or just playing the role of a crypto currency???
Bitcoin has given us many ideas and a wider and systematic approaches to crypto currency. It has become more like an eye opener for the human race for me that's exactly how I see Bitcoin indeed Bitcoin is proven that it can not be faked unlike a Fiat currency.
The idea of Bitcoin to transact without the interference of banks and government is what I regard as a reason Bitcoin should take over the world's transaction system already, imagine having to buy anything whatsoever and all you need to do is transact using your Bitcoin, sounds interesting I guess? Now look at the malicious approaches of government and even the banks isn't that enough reason to embrace Bitcoin?
Let's briefly look at the philosophy of money and that of Bitcoin comparatively.
Money was derived with the intentions of exchange for either money or valuable equivalent to same amount. Money basically is being controlled and regulated either by the government or the banks, these control one way or the other has a way of either helping the society or affecting the society negatively because of this negative effects of the decision made by the government and the elites of the society, hence Bitcoin is highly recommended.
*What leverage does Bitcoin have over Fiat currencies*
Don't forget that Bitcoin is a decentralized currency and it does operate on a peer to peer network. No particular person, government, bank or individual can control Bitcoin it's ability for individuals to be in charge and control of their assets and finances is highly commendable and an advantageous feature over other Fiat currencies one is completely free while using Bitcoin, that's because you have every right and access over your assets.
The integrity of Bitcoin can not be in doubt not with the blockchain technology system, with this blockchain technology transactions can be done securely without having to fear for loss of assets.
Over the years the number of people using Bitcoin has been proven to have increased tremendously. An estimated 617 million people is said to make use of Bitcoin globally as at June 2024.
The graph beow briefly shows a chart of increase in users of Bitcoin from December to June 2024
Image reference
https://news.bit2me.com/en/Cryptocurrency-users-exceed-617-million-in-the-world
