Post
Topic
Board Bitcoin Discussion
Re: Bitcoin critics weren't wrong
by
laijsica
on 03/05/2025, 15:17:02 UTC
Ultimately, the broader question may be whether Bitcoin’s value proposition as a store of value or hedge against inflation outweighs the issues it faces in terms of practical adoption for everyday transactions. Perhaps, for Bitcoin to truly fulfill its original vision, it needs to tackle its scalability issues, improve usability for everyday consumers, and address the environmental impact — but those are big hurdles to clear.
In my opinion, using Bitcoin solely as an investment product, making it more of a speculative instrument than a store of value, has harmed the concept of Bitcoin as defined by the Satoshi Protocol more than it has helped it spread. With the increasing difficulty of mining, which has become a costly industry, and the rise of alternative currencies, the use of Bitcoin as a payment system has declined, and its use has been limited to a few specific tasks. Without overcoming some obstacles, bitcoin may remain a mere investment asset far from becoming the practical everyday currency that satoshi has initially envisioned.

The balance between maintaining decentralization and security on the one hand, and improving efficiency and adaptability to daily needs on the other, remains a significant challenge that may determine Bitcoin's future as a leading cryptocurrency, or simply as a store of value.

If you are here in this market, it is up to you how you will look at this investment. If you can still gain profit or not, because let us admit the fact that bitcoin is a digital currency where volatility factor is still a major consideration in going to this market. There are pros and cons like any other investment, now, it is on you if you can bear those pros and cons and use it to your advantage. Up until now, the volatility factor is the major reason why many satoshi holders are considering it as investment. Once stability is achieved, I believe, we will see more of btc in the payment sector.
Is Bitcoin price stability really necessary? If someone were to ask me this question in the context of Bitcoin, I would say that the beauty of accumulation and holding Bitcoin is its volatile value. You may disagree with me and want to compare it to other investments, but I consider Bitcoin investment differently and a store of value as one likes to think of it. Yes, Satoshi considered Bitcoin as an investment and at the same time he took a stand against fiat dependence and Bitcoin has become a store of value. Despite being a digital currency, Bitcoin can be considered more than that because many countries have moved ahead in terms of adoption and also to hold Bitcoin as a strategic reserve. Various companies in Russia are already utilizing Bitcoin to pay for international trade. Other countries of the world may also start utilizing Bitcoin to pay for international trade in the same way, in which case the volatility of Bitcoin may not have any effect.