Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is not perfect, and that's okay.
by
Silberman
on 11/11/2023, 23:17:37 UTC
Bitcoin's perfection - or lack thereof - is intriguing. However, 'perfection' is subjective, especially in financial instruments. Bitcoin's value is defying norms and changing currency value, not perfection. Bitcoin's flaws are often criticized due to ignorance or fear. Missing the forest for the trees. Bitcoin's volatility, decentralization, and developing technology are its strengths. These are traits that challenge financial system status quo, not weaknesses.

Sceptical and cautious observers are missing a fundamental shift in value and exchange perception. Bitcoin represents a movement toward financial democratization and against centralized authority. Not seeing Bitcoin's influence beyond profit and loss will be regrettable. The evolution of Bitcoin is about financial sovereignty, not just price appreciation.

To begin with there is no such thing as perfection as if we were to ask people about what their perfect currency will look like we will find conflicting answers, bitcoin has a set of characteristics that makes it especially suitable for the objectives Satoshi wanted to accomplish, however since governments and banks have other objectives on mind, it should be obvious they find flaws in bitcoin for what they want to achieve, and they want to regulate it so people have to comply with their rules.