THE SEVEN PRIMAL ELEMENTS OF BITCOIN
Seven primal elements of Bitcoin have combined to turn it into a belief system.
THE SEVEN PRIMAL ELEMENTS OF THE BITCOIN BRAND
People tend to be dismissive about new forms of money.
This makes absolute sense because the value of a monetary asset resides primarily in the fact that other people are already using it.
In this sense, any attempt at introducing a new form of money into the world has very slim chances of succeeding.
In modern world history, governments have had a monopoly over money creation initiatives. Just imagine how everybody would react if a new monetary asset were to show up. If that asset were not even backed by a nation state, its chances of success would be even slimmer.
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