Bitcoin is more than an asset Jack Mallers said what the internet did for communications, Bitcoin can do for money. If you want to ask your friend in India what he had for dinner, you don’t have to write a letter, attach it to the leg of a poor pigeon and hope it arrives somewhere this decade. No, you’ll just send a message from your phone. Money is still in the pigeon phase. There are several fintech players like Venmo, Alipay, PayPal and so on but none of them are interoperable. They are closed systems, mostly confined to the borders of one jurisdiction. Try sending 5 euros to that friend in India. The time and effort to find out that it takes a couple working days and a hefty fee, just makes you want to give up. This is where Bitcoin comes
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Jack Mallers said what the internet did for communications, Bitcoin can do for money. If you want to ask your friend in India what he had for dinner, you don’t have to write a letter, attach it to the leg of a poor pigeon and hope it arrives somewhere this decade.
No, you’ll just send a message from your phone.
Money is still in the pigeon phase. There are several fintech players like Venmo, Alipay, PayPal and so on but none of them are interoperable. They are closed systems, mostly confined to the borders of one jurisdiction.
Try sending 5 euros to that friend in India. The time and effort to find out that it takes a couple working days and a hefty fee, just makes you want to give up.
This is where Bitcoin comes in.
It can be the underlying protocol of the global monetary network. It’s the foundational layer. There can never be a “better” Bitcoin like there won’t be a “better” TCP/IP. There’ll only be updates and optimizations and applications built on top of the foundational layer.
Applications like the Lightning Network allows Bitcoins to be transferred to anyone at anytime for almost zero fees. This is what Twitter just plugged in to by using the new API from Strike.
It’s only a matter of time before other global company’s will follow., and you can front run the future.
Almost 90% of the world doesn’t own Bitcoin and 90% of all Bitcoins have already been mined.
The rest of the world will slowly, inevitably realize what they’ve been missing out on. And when global demand wants something with a fixed, finite supply, you better not miss out.