Before Bitcoin was created we have been using bank note and see physical money but since i started learning more about Bitcoin, I have noticed that I do not look at bank notes the same way I use to see its value before and I believe am not the only one that feels that way, and it got me asking myself questions like: What is the cause of it?
I dont look at banknotes in the same manner either since getting into Bitcoin. While I
like to use hard cash as much as possible for everyday run of the mill purchases I do
look at it as also being transferable to Bitcoin. That means I watch what I buy, I try not
to buy stuff I dont really need or prolong the purchase because in the future that item
will be massively discounted as Bitcoin increases in value compared to FIAT.
Before Bitcoin was created we have been using bank note and see physical money but since i started learning more about Bitcoin, I have noticed that I do not look at bank notes the same way I use to see its value before and I believe am not the only one that feels that way, and it got me asking myself questions like: What is the cause of it?
But then I have noting that Bitcoin didnt just introduce another way to send or store money but for so many of us it changed the way we think about what money actually is though am not saying bank notes will suddenly disappear, because we still need fiat for everyday transactions. But I think Bitcoin has made many of us look at physical cash with a very different mindset.
And I would love to ask has Bitcoin changed the way you see your own country currency, or other fiat currencies?
For me, Bitcoin mainly changed how I think about the value of money itself. Fiat is still necessary for everyday expenses, but learning how Bitcoin works makes you think more about scarcity, purchasing power, and who controls the monetary system.
Yes, same as that.
I know I have a better understanding of FIAT money and how its controlled, how its
manipulated and how we the common people are the ones who are affected the most.