When bitcoin was introduced by the Satoshi white paper in 2008, it presented a novel and liberating concept – a peer-to-peer, decentralized payment system that can be used by anyone, anywhere and for everything. It did not require intermediaries or an exchange rate to function, and created a single globally used currency for any type of transaction. Then greed got in the way.
The use case that it was supposed to deliver has somewhat faded. Instead of focusing on its initial intent – a payment method – the focus shifted to bitcoin as an investment vehicle, a store value, a digital gold.
