Stop debate and take advantage of Bitcoin.
"The development of the so-called Bitcoin is really similar to the Internet, it's similar to the Internet's TCP/IP protocol, probably a layer we call the Lightning Network. Following this protocol, there will be several other protocol development layers, such as the various application layers that we will see in the future. That is all. It's a real protocol, and if you really understand what it's like at a low level, you'll realize it's a data type which can't be stopped.
When it's always like that... I think there's one thing that was rather boring to talk about. Is Bitcoin actual money?
Some argue that it isn't about money. Because of something like this, it cannot be used as a means of payment.
I don't want to be confrontational. However, the question does arise from time to time.
Who consulted you? The world did not inquire... the world used it. Many societies around the world make use of it. They use Bitcoin as a form of free money that can be can be sent to each other without asking permission on a transparent network that can be easily tracked and monitored. Or it isn't money in your or anyone else's definition.
However, it is an irresistible technology. It is finally connecting the worlds of value, as the Internet has done for communication. Bitcoin has approximately 200 million active users as of 2022, which is the same as the Internet had in 1998. The Bitcoin's user growth has followed the same pattern as Internet's.
It is a new technology and it is extremely potent It has the potential to enable free capital flow in the same way that free information flow exists today. Many people claimed that Free Information Flow was not possible in the early days of the Internet.
It has matured with both its advantages and disadvantages. It did not turn out to be a success. or the perfection of an angel in everything It has some disadvantages. Criminals have easy access to people. What comes next?
However, it is "the way of the world."
Bitcoin, in my opinion, is the same. Many will claim that it is free money. People now launder money, People no longer pay taxes etc., But.. It's not a matter of will we accept, will we forbid, or will we allow. Perhaps this is the point at which we must admit, because it is a new natural phenomenon.
It's a lot more useful to argue that if this happens in the world this year, next year, in five years, or in ten years, Countries will be able to cope a nd how can we capitalize on the opportunity presented by the shift in global superpower? This is far more practical.
Instead of categorizing each other and then bringing in academics to argue that it's money or it isn't money.
Nonsense.. a waste of time.. a waste of money. Make an effort to make it useful.
That's exactly how I feel."
- Piriya Sambandaraksa 26/01/2022