• Bitcoin was created as an intended use case to provide a new, global, digital, decentralized, permissionless, non-custodial, and apolitical monetary and financial system.
• Bitcoin rewards and protects savers more than the current central banking system.
• The other crypto assets and tokens have riskier, more speculative use cases that reintroduce many of the problems Bitcoin intended to solve.
Bitcoin was created with the intention to revolutionize the current system of finance and offer a new, global, digital, decentralized, permissionless, non-custodial, and apolitical monetary and financial system. This new system offers advantages over the current central banking system, such as reinforcing the importance of savings and protecting savers from the uncertainty of the current market.
Bitcoin is a move away from the traditional central banking system and towards a new bitcoin standard. This new system will restructure the economy, placing a greater emphasis on savings rather than speculation or gambling. Unlike the rest of the crypto market, Bitcoin was created to solve many of the problems seen in the traditional banking system, such as trust and counterparty risk.
The crypto market has seen significant growth in the past decade, with the introduction of thousands of alternative crypto assets and tokens. While this growth was made possible by the Bitcoin network’s implementation of blockchain technology, the intended use of Bitcoin is quite distinct from the other crypto assets and tokens. These alternative tokens may not stand the test of time and often reintroduce many of the same issues Bitcoin was designed to solve.
The potential benefits of Bitcoin are immense and could revolutionize the way people and businesses interact with currency. With its innovative use of blockchain technology and its ability to offer protection and reward to savers, Bitcoin could revolutionize the current system and lead to a new global financial standard.