When the house is on fire, that’s not the time to run away. That’s the time to run towards the flames.
The recent Bitcoin crash has struck fear into a lot of people’s eyes. That fear even made its way into my university business classroom.
Instead of a balanced discussion, on which I was given the task to argue against “Freedom to transact” Bitcoin was presented as nothing more than a list of everything that can go wrong. Volatility. Speculation. Risk. Environmental concerns. Regulation fears. Bubble narratives. Even shitcoin rug pulls. Not once did my professor explain why Bitcoin exists in the first place.
No mention of monetary debasement.
No mention of a fixed supply.
No mention of censorship resistance.
No mention of permissionless access.
No mention of self custody, settlement without intermediaries, or the idea of money that does not require trust in institutions that have historically failed people.
Instead we were told all the negative impacts if it were to fail. Then we were told we have to choice whether we believe to believe in it or not but to not speak up about how we viewed it personally. So I sat quietly in my classroom with my Trezor in my backpack and a smile on my face.
When price is falling, it’s easy to point at the chart and call it proof of failure. But price action is not the core value of Bitcoin. Bitcoin was never designed to make people comfortable in the short term. It was designed to give people an alternative in the long term.
Fear exposes surface level understanding.
Conviction comes from knowing the fundamentals.
If your entire view of Bitcoin changes because of a crash, then you were never studying Bitcoin. You were watching the price.
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from Bitcoin - The Currency of the Internet https://ift.tt/YrnmNW7
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