There is a common saying among cryptocurrency holders that goes something like: "I am in favor of technology." But this saying is often jokingly dismissed because it's obvious that most people only care about the price of digital assets and trade them for profit.
The original concept of Bitcoin, which emerged from the dust of the 2008 financial crisis, was to take over the conventional financial sector. The objective of the mysterious creator of Bitcoin, Satoshi Nakamoto, it was to create an alternative for people to turn to when developing a financial policy that hurts the masses and helps the rich.
And this function is especially relevant now as central banks and governments are bailing out large corporations again. Right now we are seeing the message "Bitcoin is a peaceful protest" over and over again.
Changpeng Binance's Zhao has been an advocate of this ideology. But Ethereum founder Vitalik Buterin says cryptocurrency skills go beyond financial reform. Buterin argues that the advent of blockchain technology can lead to broader power for the world's citizens. He says the power lies in the anti-censorship powers of Bitcoin and other digital currencies.
But of course, within the cryptocurrency space, most of the attention and interest is spent on price speculation. A popular Crypto Twitter personality @ThinkingBitmex established his thoughts on price debate versus power.
The unspoken truth about Bitcoin:
They all have a price. The only reason you own this asset is to sell it for more US dollars than you bought it. If you were really "Against the system", you would be indifferent to the price, since you do not care about the valuation of the dollar ".
And another notable Twitter figure, DonAlt showed up for express your total consensus.
"I can't disagree with that.
I would say that at least 99% of people in cryptocurrencies care more about price than anything else, including myself. ”
At the end of the day, most people worry about the end result. Money is the biggest motivator and interest in Bitcoin will always revolve around its ability to make a profit and increase its value.
If Bitcoin and the cryptocurrency space take over the world and become a widely used tool, it makes sense that the catalyst for that interest is its price action. But the protocols themselves will have to provide valuable use cases for sustainability.