My take on Bitcoin!

Hi guys, just learned about Bitcoin a while ago and found it utterly fascinating. It is the most genius idea Ive heard about in a long long time. I am a total beginner and relatively young in age, but I still want to share with you my opinion on Bitcoin, just because I feel like talking haha! If theres anything wrong, please do not hesitate to correct me, Id really appreciate it. (also sorry for bad english ;) )

I personally think that Bitcoin will never replace Fiat or gold. Governments will never allow that. However, I dont think the creator of Bitcoin intended to create a currency at all. Blockchain, no third party, speedy transactions, decentralisation are all things that are meant to attract people for it to take off. Sure, these "features" do have value in them, but in the long run, I only see them become a part of the existing structures instead of creating a brand new world.

I believe that Bitcoin is an extremely unique form of gambling for everyone. Bitcoin will make gambling super easy, just by using your phone, you could potentially great amounts of money within a short time. You can gamble anywhere, anytime. If you think about it, this is the perfect remedy for the problems of our instant gratification society. Why would anyone still play the lottery or go to casinos if Bitcoin is around? Stocks have become stagnant and too tied to rational developments in the market. Sure, you could just do normal online gambling, but its just not as serious as something like Bitcoin that has a huge fanbase, active developers, organisations and possibly countries behind it. It is basically a "safe" asset, that still has an exciting level of uncertainty and unpredictability. It is simply an exhilarating experience and form of hope for people from all social classes.

Since the whole system of Bitcoin is similar to that of gambling, it then makes sense to simply compare it the current gambling system. Not many countries have truly banned betting entirely, and the reason for that is that governments have realised that gambling is a crucial part of human nature. It is a form of entertainment, a part of culture. As long as it can be regulated and controlled by the government, it could even become beneficial for the system. Bitcoin claims to be decentralised, but you are not really anonymous since you always rely on exchanges or other ways involving your data in order to trade/sell or buy. This is actually great news, because Bitcoin is not a threat, but a welcome addition to the crew. Maybe Satoshi didnt want to create a new way of payment, but a way of profitable + accessible entertainment for everyone, to reinvigorate our corroded minds. Of course, just a very wild guess of mine! ;)

The first mover advantage of Bitcoin can not be beaten anymore (highly unlikely). Even if a better or more useful coin gets out there, Bitcoin has reached "gold"-status already. That was the purpose of making Bitcoin resemble gold, to get to this status so it would never lose to any other coin of its own kind. Coins like XRP, VeChain or even Ethereum are trying to get away from being a speculative asset, hoping to gain value by real world usage. But I think that its exactly the reason why they could never beat Bitcoin, because it is such a greater achievement to generate value out of nothing (Bitcoin) than out of something thats "useable". Its easy to replace a usable system with one that is better, but it is not easy (maybe impossible) to create value out thin air AND make it more valuable than its identical twin brother, that has proven its worth already. Again, Bitcoin is successful because it does not have value in itself. In fact, I would argue that Bitcoin is the ultimate or true form of money, one that doesnt try to back its value up by anything. It is confident enough to be what it is, "Pure value". I remember I had a conversation with a good friend of mine about art and science. I argued that art is less worth than science, because it is more useful for humanity. He argued that while that may be true, we need art to fuel our minds with energy, to take a break from science or any logical systems, thus making it equal, if not even more valuable. I want to mention that he studied physics, I didnt expect this kind of statement from him at all. Nevertheless, it opened my mind. Bitcoin is like art, its invisible and valueless, but your imagination feeds on it, because your mind finds it fascinating that "nothing" can eventually become "something" that is so powerful. Coins that are actively trying to be "useful and valuable" will never be able to achieve this kind of level.

To put it in the nutshell. Bitcoin is a true masterpiece of art from the generation of internet. You could win everything, or lose everything. It is something that complements gold and every other existing system of value. Bitcoin is here to stay, and will only die when our brains stop producing dopamine. Thanks for the read, criticism is welcome and have a good day! :)

PS: (Obviouly, many of my arguments are very subjective or even emotional, so PLEASE be aware that this is not an investment guide or recommendation. I simply wanted to share my view on Bitcoin as a concept. Also dont buy Bitcoin now (10-11k), Id like to believe that every bullrun needs a bear to pave the way, hahaha)