Quote from: Mpamaegbu on Today at 07:54:28 AM

Quote from: pooya87 on April 17, 2022, 03:43:40 AM

bitcoin is not even an investment. Bitcoin is a currency and as the only existing decentralized censorship resistant payment system it offers a lot of utilities for people all around the world and utility means intrinsic value.

That's been the biggest problem newbies have been facing, bitcoin is advertised to them as an investment that will give them a lot of money out of thin air!

It's true that the payment system was the real intention of why Satoshi created it but we all know that it's really not what has given Bitcoin the value it has today. It derives its value from the perceived angle of investment. It's not only newbies who get on the bandwagon that it's an investment opportunity, veterans too are involved. If Bitcoin were solely for decentralized payment system as conceived then it should be like stable coins whose value remain the same or almost the same year in and year out.

I believe that he created it as a better currency and not as a payment system. If you think that the sole purpose of satoshi was to create something that you could earn profit from, then you never understood what he stood for. The decentralization part of bitcoin is the main reason, and it is a currency which means that there is a currency in the world where politics could not impact it and change it.

In regular nations, we keep seeing nations print money all the time and this devalues currency and the worse they act towards money and economics, the poorer you get whereas in crypto nothing like that could happen and nobody can print it, which is the power of bitcoin and why it was created.