Can someone break down Bitcoin for me again?

So, from what I gather, Bitcoin popped up after the 2009 financial crisis, right? A bunch of big banks went under and others got saved by the government using our tax dollars. Satoshi Nakamoto seemed to want to create a decentralized financial system to protect people's savings from shady practices. Now, nearly 15 years later and after all the wild price swings, one has to wonder if Bitcoin has delivered on that promise. These days, Bitcoin isn’t really used for day-to-day transactions like decentralized currency. It’s hard to view it as a form of money backed by trust in the blockchain and its limited supply. The block size and 10-minute transaction times limit its ability to function like a major network such as VISA or Mastercard. Bitcoin Cash seems to have a better shot at that. If Bitcoin isn’t functioning as money, it’s not really acting like a raw commodity either. There’s no steady positive link to gold prices. Sometimes they even move in opposite directions based on US monetary policy or global tensions. So, Bitcoin's more like a risky asset that tends to go up with tech stocks when investors are feeling optimistic about the economy. With all that said, anyone is free to jump in and share some facts or data to help define or classify Bitcoin objectively.

Honest political leadership? Where are you! Bitcoin can do near instant transactions over the lightning network so it can be used as means of payment that way. For large payments and transfers, Bitcoin wins on fees (especially internationally), a lot of places charge high FX conversion rates as well as static flat fees on international spending which can make things go quite high. Gold is a safe haven asset because it's got it's proof of concept done. People know where they stand with Gold for now. Give it a few centuries, when space mining's a thing or we have lab grown gold and you'll see it not being quite so valuable (if that happens of course). Bitcoin's only 16 and it's got a higher valuation than a lot of companies that are well structured. It's got a limited amount of circulating supply which will only decrease as time passes and it's managed to remain a secure distributed ledger for the majority of the time it's been running. But if you don't think it's right for you, don't invest.

I am tired of people constantly making it seem like bitcoin cannot be used as money, or it is not used as money even right now. Why do people constantly act like if bitcoin is a currency, it can't be an asset and if its an asset, it can't be a currency? Bitcoin was crested to be an alternate currency, it is not a currency to replace all other existing transactions. It is created for those who want to use. Nobody is forced to use it. Today, whoever wants to use bitcoin as a transaction will do so, except in countries where it is completely banned. So it is still a currency And how is that working out for them? BCH is simply a lower version of a clone. A coin that was made to be better for transactions doesn't have nearly as much transaction as bitcoin despite have a far larger blocksize. How much more are will the block size get increased to? It was 8, then then increased it to 32, now I'm hearing their is talk of increasing it further. Funny how you've ignored the times when bitcoin had these similar numbers in a year. So all of a sudden, now that gold is outperforming, bitcoin ain't shit anymore? In 2020 and 2021 which was the peach of "uncertain times" in recent history, which performed better between bitcoin and gold? From Independent Howabout we take a look at the performance of gold and bitcoin from when bitcoin was created till today. Lets see if gold has always been out performing bitcoin. Bitcoin vs Gold spot price: historical performance let's not forget that gold is the asset with the highest market cap and has been in existent for thousands of years. It has gone from been a currency to a store of value, a tradable asset and even a reserve. Bitcoin has not even started its journey yet and it still manages to outperform gold in most time since it was created. Also, Bitcoin is more a currency than gold in today's world. The fact that gold is regarded as an asset today doesn't take away it's money attribute. If you have gold and a seller of a product or service accptes gold, you can pay in gold, sounds very similar to bitcoin doesn't it? Differnce is, in today's world, people use Bitcoin as a currency more than they use gold. I don't have any data to back this up anyway, but Ive ever seen anybody or vendor who says he accepts gold as a medium of payment.