concepts the topic creator needs to understand about bitcoin and his words in his post.

1. bitcoin is not a commodity, nor never shall be
   - a commodity is a raw material used to make other products..
   - bitcoin is not this.
   - bitcoin is an asset not a commodity
   - people compare bitcoin to gold which is a commodity.. AND an asset
   - gold sits on TWO markets. commodity (manufacturing supply) AND asset (investment)
   - bitcoin follows the gold asset properties(there is a cost to mine it, and its rare)
   - bitcoin does not follow the commodity properties(conductive, malleable)

2. bitcoin is a currency.
   - anything that is used as a medium of exchange is a currency.
   - giving people vodka for helping out/being neighbourly chores =vodka is a currency
   - even sex is used as a currency in some relationships
   - if you are talking about bitcoin becoming a FIAT currency, forget it.
   - if you are talking about being legally accepted as a common currency(tender).. it has

3. bitcoin is not meant to replace fiat.
   - bitcoin is not meant to take away the government currency and replace it
   - bitcoin is meant to be an open second option,. a choice. an exit, a hedge against fiat
   - there will never be a scenario of a "one world currency". there are hundreds of fiat currencies
   
4. the single satoshi is as useful as a single penny of fiat. (not very much)
   - 1btc is as useful as 100m pennies (not everyone can afford $1m or $30k in some countries)
   - 1btc does not exist in code or data. its a human visual construct for graphic easy display
   - no one is forced to buy a whole btc like no one is forced to buy a whole tonne of gold
   - there are other visual construct 'basket allotments' like 1bit (100sats)
   - 1bit can be compared to $1(visual construct not value) with 100 smaller parts if needed.
   - bitcoin can achieve 20,999,999,976,900 bits ($20trillion visual construct comparison not value)

5. the overall concept to think about
   - each person can have ~2500 bits if shared equally with all 8+ bill population
   - the concept is not to have enough units where 1bit is enough for a loaf of bread
   - its not to be abundant to give people plentiful amounts of units.
   - its concept is to be deflationary where by the conversion to other abundant currencies
   - value of set units become worth more due to the lack of abundance of bitcoin units
   - when fiat create more fiat. bitcoin is worth more $ value in comparison.
   - there is enough units even if planetary population went up
   - if population grows to 20billion people, bitcoin  1000 investible 'bit' units
   - where those units have a 2.5x value compared to population of 8bill