The actually Top 7 interesting facts about Bitcoin
Bitcoin was created to be a cashlike payment method, not a store of value
Bitcoin allows you to use the system trustlessly without running a full node
Bitcoin was captured circa 2014 by a pair of for-profit companies (Blockstream and Chaincode)
Bitcoin depends on social media manipulation and market manipulation for its #1 market cap position
Since the Lightning Network is not capable of scaling Bitcoin's user base, Bitcoin can never be used natively by more than a few million people. All others will depend on custodians.
As a result of the reengineering of BTC from payment system to store of value, Bitcoin has been turned into the slowest, most expensive, least useful crypto in the entire crypto market
BTC has intentionally and irreversibly painted itself into an inescapable strategy of "low volume / high fees" since it is practically impossible to increase the base layer capacity in a meaningful way
Conclusion: When the market finally demands utility and / or the scams upholding Bitcoin are fully exposed to the public, there will be a market reckoning the likes of which will probably set the entire crypto market back by a decade
[link] [comments]