The bigger idea of Bitcoin is that it will challenge the corruption of central banks and destroy the system that keep the masses poor while passing free printed money to themselves and their banks. Problem is I don't see Bitcoin ever being mass adopted. What I do see is the very rich and often corrupt (Chinese officials for example) using it to shelter their money. Bitcoin will sadly end up being the elites version of prepping, the average man in the street won't be holding Bitcoin but their own dicks come the economic collapse that is coming.
In short Bitcoin will help many of the super rich become richer...that's all.
In short Bitcoin will help many of the super rich become richer...that's all.
Unfortunately I'll have to agree with you here. The current state of bitcoin basically means that the rich becomes richer. Bitcoin unfortunately is being used for illegal activities, especially money laundering. There is really no use for me to deny that, even as a die-hard bitcoin fan.
However, that does not mean that we as a community cannot make bitcoin for the better.
Projects that provide banking via bitcoin to the unbanked is an example of stepping towards better bitcoin usage in my opinion.
And although I agree with you on the front that bitcoin is used for sheltering dirty money, i do believe that bitcoin will be mass adopted, once fiat dies.
