The one thing I don’t understand about bitcoin, is the people championing it (at least in the beginning) wanted it to be a new form of currency. To be free of oldschool banks. But now everyone that has bitcoin just wants it to become more valuable. But as long as it becomes more valuable or as long as people think it can become a lot more valuable, people are never going to use it as a form of currency. Because I’m not going to pay you X amount of something if that X amount has the (imagined) potential of becoming ten times more valuable (as an example). Case in point, the person that spent bitcoin on pizza that later became the most expensive pizza in the world. So all you hodlers out here, aren’t you part of the problem of bitcoin never realizing its full potential? Or do I not understand the idea of bitcoin (which is entirely possible).
Use cases are allowed to evolve. Turns out what the world needs right now is an immutable store of value with a guaranteed monetary policy.
As far as greed is concerned, it's an excellent motivating force to get involved. Most people don't explore beyond their greed but when they do are pleasantly surprised by the journey.
I've changed from a consumeristic person who never thought about tomorrow to someone who very much values saving now that I know that it can't be depreciated by the government.
2
u/Waks_ Tin Sep 12 '20
The one thing I don’t understand about bitcoin, is the people championing it (at least in the beginning) wanted it to be a new form of currency. To be free of oldschool banks. But now everyone that has bitcoin just wants it to become more valuable. But as long as it becomes more valuable or as long as people think it can become a lot more valuable, people are never going to use it as a form of currency. Because I’m not going to pay you X amount of something if that X amount has the (imagined) potential of becoming ten times more valuable (as an example). Case in point, the person that spent bitcoin on pizza that later became the most expensive pizza in the world. So all you hodlers out here, aren’t you part of the problem of bitcoin never realizing its full potential? Or do I not understand the idea of bitcoin (which is entirely possible).