What is bitcoin meant for?
We see this huge debate over what bitcoin is meant for.
This post aims to address that very precise question.
We see startups and companies move into the market with precise intuition over their role in the economy and what problem they are solving.
In this world of precise and meticulate articulation, what is bitcoin inherently meant for ?
Satoshi Nakamoto wrote this whitepaper elucidating his thoughts and views about bitcoin’s design, however we aren’t really bound by it.
A commodity or in fact everything is subject to relative value.
A donut might be of a considerably different value to a billionaire compared to a starving rag picker.
The token system evolved to standardize the relative value problem faced by the barter system among the many others there were.
A cow might not have meant the same to a farmer as much as it did to a butcher and the owner of the cow might value their exchange in trade quite differently.
Bitcoin is pretty much the same thing.
Its a commodity.
Its relatively valued.
Its an intermediary currency.
Only difference between being digital today is that back then commodities traded were actual physical objects of need.
We shall not debate over that is the current need of the hour in the digital age where as try and understand what Bitcoin can actually be.
Some people deem bitcoin to be a store of value where as some deem it to be a regular currency.
The point is people expect different things from bitcoin and they aren’t wrong.
Bitcoin can be many different things at the same time and yet be so different to each individually.
There is space for all.
Amidst this intense heavy development keeps shifting the integral definition for bitcoin.
We have proposed a system for electronic transactions without relying on trust
Bitcoin can be a currency, bitcoin can be a store of value and indeed bitcoin can be anything.
Within all this hullaballoo discussion of bitcoin forks, ICOs and Segwit, Bitcoin can indeed be anything.
Instead of trying to bring down one and other, let consensus decide.
Every man is free to voice his own opinion and fork to build his own interpretation of bitcoin.
Bitcoin is […] and so it is […]
What I think we are missing out of the whole FUD in this ecosystem is the freedom to build, create and deploy our very own models of currencies.
Beyond freedom of speech, freedom to spend, bitcoin stands for freedom to improvise on proof of work.
Well, that’s just my interpretation, yours might be different and that isn’t a drawback.
We’ll just let consensus decide.
We all live very short lives to spend in arguments of what something could be.
If there is a vision that you think Bitcoin should adopt for the betterment, fork it, implement it and let consensus decide.
The vision of Bitcoin is a fair game to everyone.
Thank you.
