Another interesting thing to ponder is that when fiat currency first came in, it was greeted with much the same scepticism as bitcoin is now. Can you imagine it?
"We just use paper??? Thats madness! Its just paper! How can we trust it???"
It took 400 years for paper money to properly catch on and be trusted. It was a technological innovation off the back of the printing press, it was new, it was different, and it was scary.
The best way to understand bitcoin in my opinion is to study monetary history. We are completed clouded in the normalcy of what we have come to expect in our current financial environment. It is ripe for disruption by new technology, and that technology is here.
"We just use paper??? Thats madness! Its just paper! How can we trust it???"
It took 400 years for paper money to properly catch on and be trusted. It was a technological innovation off the back of the printing press, it was new, it was different, and it was scary.
The best way to understand bitcoin in my opinion is to study monetary history. We are completed clouded in the normalcy of what we have come to expect in our current financial environment. It is ripe for disruption by new technology, and that technology is here.