Is Bitcoin for payments or for store of value?

Is Bitcoin for payments or for store of value?

Those who claim “Bitcoin was first designed for payments” insist that the whitepaper and forum posts should be chosen to defend their point of view. The fundamental problem of the conventional currency is all the trust necessary to make it work. The central bank must be trusted not to lower the currency, but the history of fiat currencies is rich in breaks in this confidence. Bitcoin is meant to be hard money, which historically looks more like a collection item or a commodity. In this sense, it is more typical of a precious metal. Instead of the offer changing so that the value remains the same, the offer is predetermined and the value changes. As the number of users increases, the value per coins is expected to increase. With the financial crisis of 2008, trust had been lost in a world based on trust. Bitcoin was launched at a time of absolute necessity, Satoshi planted the seed at the right time. The world did not need a new VISA, it needed an alternative to central banks.

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