Bitcoin's resilience is often misunderstood due to its evaluation as a payment system, where it is criticized for slow transactions, high fees, and low throughput. However, these critiques miss the mark as Bitcoin never aimed to be a conventional payment system. Instead, it represents a decentralized financial infrastructure maintained by a global network of developers with minimal resources, showcasing human self-organization.
Bitcoin is not competing for market share in a static world; it is laying the groundwork for a future financial ecosystem. This decentralized network is preparing for an emerging world, establishing a settlement layer for a yet-to-be-realized incremental economy.
Bitcoin's Resilience: A Historical, Engineering, and Financial Perspective
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