Bitcoin was initially designed to function as a Peer-to-Peer Electronic Cash System, but current financial industry narratives aim to recast it merely as a Store of Value. This is a dangerous shift that undermines its revolutionary potential and risks entrenching it within the failures of the existing financial system.
The focus on Bitcoin as a Store of Value instead of its original purpose as a Peer-to-Peer cash system is misleading. It distracts from the foundational goals intended by Satoshi Nakamoto and reflects a move to subvert Bitcoin's original philosophy in favor of traditional financial interests.
By positioning Bitcoin as a mere Store of Value, industry players like BlackRock risk alienating the revolutionary framework of Bitcoin. They aim to incorporate it into their flawed systems rather than promoting the circular economy that Bitcoin was meant to support.
While figures like Michael J. Saylor endorse Bitcoin, their actions often contradict the ethos of the Bitcoin revolution. Instead of fostering innovation and adaptation within the Bitcoin ecosystem, they prioritize profit from existing systems.
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