Another page in the evolution of Bitcoin

[Finestream]

The original goal of bitcoin is just to establish financial freedom and promote decentralization. But it looks like its creation does not stop there.

As much as there is high transparency concerning bitcoin, the transparency coming from the centralized government system is hard to be established. Why? Because they know this is going to happen, people will slowly lose their trust from the government and from other centralized entities that are backed up by the government. And they don't want that. That's why they have to continue getting rid of bitcoin and the rest of cryptocurrency to let fiat system stay.

[SilverCryptoBullet]

The original goal of bitcoin is just to establish financial freedom and promote decentralization. But it looks like its creation does not stop there.

As much as there is high transparency concerning bitcoin, the transparency coming from the centralized government system is hard to be established. Why? Because they know this is going to happen, people will slowly lose their trust from the government and from other centralized entities that are backed up by the government. And they don't want that. That's why they have to continue getting rid of bitcoin and the rest of cryptocurrency to let fiat system stay.

Governments and central banks are different systems with opposite philosophy than Bitcoin has so with they don't want to see citizens moving away from their central bank systems. It's only by Bitcoin strong growth and adoption, as well as demand and pressure from citizens, governments in many nations globally have to gradually change their stance and regulations on Bitcoin.

Bitcoin actually has achieved many big milestones for its adoption growth and history by becoming legal, even not yet legal tender in many countries. And it's just the beginning, we have been witnessing a strongest growth ever in human civilization in terms of technological development, innovation and adoption massively in societies.

[Dr.Bitcoin_Strange]

That's because a lot of people's eyes are beginning to open to the reality that Bitcoin is more a safe heaven than fiat which continues to depreciate in value while Bitcoin is doing better, there are more reasons to why a lot of people have shift their fiat holding into holding Bitcoin, I think is about an asset that has proven itself worthy to be trusted. Fiat has many drawbacks which Bitcoin has rendered solution to those problems, if for example I fixed a certain amount in the bank, and I use that exact amount to invest on Bitcoin, the profit I'm going to make from Bitcoin will be greater while the fait will be lesser.

[Luzin]

It's a unspoken truth now that everyone knows , fiat currency is a scam. Even though everyone knows about it , they way it's Infrastructure has been built toward our belongings it's hard to replace the centralized economic system. Although it's not completely impossible to replace, we're watching the sign of it.

I am not defending Bitcoin or Fiat, but in reality, Bitcoin and Fiat need each other. Just look at how El Salvador tried to make Bitcoin a form of payment; they have not succeeded. It seems the world prefers to live together with both fiat and Bitcoin. Just look at how many people currently say that Bitcoin is a store of value, a reserve, a hedging tool, and even an alternative for transactions. In the near future, replacing it is very unlikely, but coexisting and mutually benefiting is more realistic.

[HustleZ]

The rise of Bitcoin is no longer a story of just technology, we are seeing a measure of declining trust in centralized systems!

This proves it has achieved its aim, moreover it has surpassed it. Bitcoin was created to be people’s lowball currency and was made to keep it low ( atleast thats what i think ). BTC gained popularity really much and the very systems it was made to be an alternative of has started using it which i dont think was expected but its just the way it is, the powerful become more and more powerful because they also adopt things which they can not oppose anymore and thats the case of BTC. BTC isnt just “another cryptocurrency” and has become THE crypto currency which can not be erased from History now.

[SilverCryptoBullet]

This proves it has achieved its aim, moreover it has surpassed it. Bitcoin was created to be people’s lowball currency and was made to keep it low ( atleast thats what i think ). BTC gained popularity really much and the very systems it was made to be an alternative of has started using it which i dont think was expected but its just the way it is, the powerful become more and more powerful because they also adopt things which they can not oppose anymore and thats the case of BTC.

Time flies so fast, Bitcoin adoption growth is amazingly parabolic and it is unprecedented in history. While governments despite of their late response and adaptation to Bitcoin growth, eventually have to change their approaches. Bitcoin is no longer considered as illegal in many countries, it has no longer been mentioned as a tool for crime too much like how governments tried to describe Bitcoin in that way years ago.

They of course have still yet been completely friendly with Bitcoin, there are some barriers against Bitcoin like their prevention of fear of being replaced completely by Bitcoin if central bank and fiat currency system fail.

BTC isnt just “another cryptocurrency” and has become THE crypto currency which can not be erased from History now.

Because previous projects before Bitcoin failed, while Bitcoin is a first successful cryptocurrency, it makes people mostly think of Bitcoin when mentioning about cryptocurrency. So it's not like "Bitcoin is another cryptocurrency" and this saying is more properly to talk about altcoins aka alternate cryptocurrencies.

[BlackHatCoiner]

What is it then becoming?

It's becoming the hard money of the future. Hard money has historically been used as a store-of-value. It's not the type of asset that you use every day, nor the asset that generates cashflow, like a house. It's the type of asset that is used very rarely in your life, but it can save your life or your kids' lives during uncertain times.

Do not make the mistake of thinking this contradicts its intended design; it is fulfilling the exact role the market finds most valuable.

[Byebyebtc]

It was actually "just a crypto currency" there is nothing wrong with that belief then,

But now it has evolved to something greater, the only regret is why one didn't invest in it,

But that is one thing most people don't get, you not investing in it early is not totally your fault, after all your human you need more proof and verification to trust something, and now the proof came with increase in price which makes one feel bad, but fortunately we all can still invest

[Maslate]

The rise of Bitcoin is no longer a story of just technology, we are seeing a measure of declining trust in centralized systems!

What do you expect?
Inflation is eating deep into the income of the people. Bitcoin is a good hedge against inflation.
The governemnt is promoting several means to control the financial aspects of the citizens. The decentralised nature of Bitcoin empowers people to maintain privacy and avoid government surveillance.
Bitcoin has not stopped increasing in value over the years. This has made institutions invest in it for profits.
Centralised platforms have proved to be untrustworthy, so people are choosing to become their own banks.

Fiat is only for the government itself, while bitcoin is generally for the whole. That is why we can't blame the people if their focus have shifted from centralized to decentralized means of keeping and protecting their finances. While inflation is here for good, that means fiat's value will only be eaten by inflation, but bitcoin could be a hedge against inflation and is still seen to be increasing its value overtime.

Centralized platforms are no longer highly reliable these days, it's time that we should prioritize the future and resort into adopting decentralized nature, and leave the centralized fiat and move into decentralized bitcoin.

[Hazink]

Bitcoin is becoming a very popular asset as trust in institutions continue to decline, as currencies decline the attraction to Bitcoin steadily increases.

The rise of Bitcoin is no longer a story of just technology, we are seeing a measure of declining trust in centralized systems!

Some are just beginning to realize how important Bitcoin is, while some are already aware, they were too obedient to their government and it's as if they are trapped. Some entities are now beginning to have a rethink because of how easy tether and circles can freeze their stablecoin. That's given them a rethink and pushing them to bitcoin since it's still censorship free, and now the world is on some kind of political unrest due to sanctions countries are now seeing the importance of Bitcoin.

[AmoreJaz]

It was actually "just a crypto currency" there is nothing wrong with that belief then,

But now it has evolved to something greater, the only regret is why one didn't invest in it,

But that is one thing most people don't get, you not investing in it early is not totally your fault, after all your human you need more proof and verification to trust something, and now the proof came with increase in price which makes one feel bad, but fortunately we all can still invest

Whatever they believe about btc, it doesn't matter anymore as we know the truth about this market. As we have seen throughout the years, it is up to the individual if he will go into this market. And it is his strategy how he will handle his crypto assets in order for him to earn in this market.
Investing in this market is not easy, I would say. Because if you have no solid grasp of how this market works, it would be hard for you to understand how you can earn profit despite of being "late" in this market.

[ThemePen]

Once residents find out that money they are keeping in community is not going to be worth as much in few years, they begin to seek safe haven for their assets. Bitcoin has left behind its days as coin for net surfers, and is now emerging as means for financial freedom for entire world. Due to inflation and poor policies, ordinary people are losing confidence in centralized banking. This change is transforming asset into true alternative to money, it is not under control of any one government or institution.
National leaders perception of it is greatest change, in my opinion. It is going from small retail experiment to economic lifeline. When a country is sanctioned, or when inflation is rising high, decentralized asset is only place to store its reserves. This is not about quick get rich schemes or new technology. It is about creating alternate system that no longer depends on politicians.

[X-ray]

The original goal of bitcoin is just to establish financial freedom and promote decentralization. But it looks like its creation does not stop there.

As much as there is high transparency concerning bitcoin, the transparency coming from the centralized government system is hard to be established. Why? Because they know this is going to happen, people will slowly lose their trust from the government and from other centralized entities that are backed up by the government. And they don't want that. That's why they have to continue getting rid of bitcoin and the rest of cryptocurrency to let fiat system stay.

It's truly becoming a store of value besides just being a currency for people that lives within corrupt government. Any government that forbid the use of bitcoin is questionable.

When a country's citizen is willing to spend money to acquire bitcoin even on the higher price because the demand is surging, you know that country isn't fine and the citizen are feeling uneasy.

The good thing is they still have bitcoin to put their money in a safe place.

[Livingleged]

The rise of Bitcoin is no longer a story of just technology, we are seeing a measure of declining trust in centralized systems!

Distrust in centralized systems has always existed; it's just that there wasn't such an easy way to combat it as there is now. Using Bitcoin is becoming easier these days, but it's still less convenient for many than fiat currency, which is why adoption isn't happening overnight. There are still many obstacles, and one of them, which I think scares many people the most, is the possibility of losing all their money, whether due to a hack or technical issues like a lost seed or a forgotten password. There's still a long way to go, but I suppose for those new to this, the best thing is to use platforms like Binance and then take the step towards full decentralization.

I think the other thing that is always a set back for people is its volatility nature which can’t be controlled by anyone, nobody want to end up losing huge amount for due do price swings most especially those that are not holding for long. And one thing is that everything that has good side has it bad side also. Bitcoin has proven to be the a strong hedge against inflation which most people are very much okay with that why many have their asset lock on it. But adopting it for regular day to day transactions is what is really challenging due to it volatility. If bitcoin wasn’t volatile it adoption would have been more as compared to to now.

[Marvelockg]

The rise of Bitcoin is no longer a story of just technology, we are seeing a measure of declining trust in centralized systems!

This proves it has achieved its aim, moreover it has surpassed it. Bitcoin was created to be people’s lowball currency and was made to keep it low ( atleast thats what i think ). BTC gained popularity really much and the very systems it was made to be an alternative of has started using it which i dont think was expected but its just the way it is, the powerful become more and more powerful because they also adopt things which they can not oppose anymore and thats the case of BTC. BTC isnt just “another cryptocurrency” and has become THE crypto currency which can not be erased from History now.

Any time I try to make use of the banking system and face a lot of glitches  and downs, it reminds me of the fact that  with bitcoin, most of these challenges would be properly dealt with and it would not be challenging dealing with bitcoin as it always is dealing with the conventional banking system.

Moreover, bitcoin wasn't built to evolve from what it is now to an entirely different thing. It's doing well the way it is now and with time, it will continue to do well as long as nothing changes. There's a lot of advantages that comes with a system that exist independent of most of the regulated things we have around and that has remained the kernel of bitcoin that has kept it going despite the challenges that the financial system had to face.

[Agbe]

I distrust local currency or fiat since 2022. When my then country government redesign the fiat currency and drastically reduced the physical cash in the Banks making the citizens to suffer and some died in the process of trying to take their money in the banks. I was almost killed when I was struggling to enter the gate to collect my money in the bank. And since after that period, I have not been to the bank to take money unless I went there to update my KYC. My issue with bitcoin is, no local food vendors or clothes vendors is accepting bitcoin in my area and the basic needs are still fiat not bitcoin and once bitcoin is accepted, bye bye to fiat.

[Rabata]

Bitcoin is becoming a very popular asset as trust in institutions continue to decline, as currencies decline the attraction to Bitcoin steadily increases.

People have and will continue to have faith in centralized systems, but earlier people had no alternative to this system, but now Bitcoin has become known as the best alternative. It not only gives people the convenience of transactions without a third party but also allows them to transact transparently at low costs. Although Bitcoin was initially used at the individual level, it has now become a major investment area for institutional investors. Governments are trying to hold Bitcoin to maintain their monetary power. That is, in the future, Bitcoin is not only for transactions but is also becoming a major tool in financial fields. Governments are trying to collect Bitcoin, they have realized that those who have a large portfolio of Bitcoin in their reserves will become the most powerful financially in the future.

[AprilioMP]

Many were guilty of boxing Bitcoin to be just crypto currency,

It is still unclear just how high the level of distrust in institutions is, nor is it clear how many people are willing to put all their eggs in the Bitcoin basket, since those with stable financial situations tend to diversify their investments across various asset classes.
Just like the question that’s already been asked, what do you want from this system? Bitcoin has remained the same from the beginning until now—it’s just that people’s awareness of Bitcoin as digital cash and their understanding of its role as a hedge are growing day by day.

[the_rrockk]

I agree with this to some extent. A few years ago most people only saw Bitcoin as a risky digital currency, but now it’s slowly becoming something bigger. What changed the most in my opinion is trust. Many people no longer fully trust banks, governments, or even their own local currencies, especially after recent inflation and economic problems in different countries.

That’s why BTC is starting to look more like a long term store of value instead of just a payment method.

[ruykeri]

Inflation is now a problem for the whole world. Inflation is also increasing in the rich and developed countries of the world. The impact on daily life purchases is very slow, but after a few years people can really feel it. Although people in the developed world have a lot of income source , maybe it does not have a negative impact on the lives . Lifestyle does not have to change. But people in poor countries face big problems. Their standard of living cost is forced to reduced . And now almost all types of people are aware, they have a basic understanding of the economy. That is why most of them are interested in holding Bitcoin. This is not just because of inflation. Many people want security and freedom. Bitcoin has become popular for them too. Because through Bitcoin, it is possible to get rid of the inflationary economy in the future.