Bitcoin could entirely change the way our world works. In order to fully unfold its innovative force, bitcoin has to sufficiently meet the three main functions of money: means of exchange, store of value and unit of account. Just as cell phones made telephone poles unnecessary in developing countries, bitcoin may remove the need for most banks.
One must remember: Money is no more than a useful shared illusion, an agreed upon version of reality, to grease the economic wheels of the world. Bitcoin simply rethinks the best way to be a currency in today’s digital world.
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