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A simple question published Reddit has recently led to one of the most obvious debates about the future of Bitcoin: “If only 5% of the population has BTC, what is the use of use?” The task, which has gathered hundreds of answers, has demonstrated a basic tension that has been producing beer in the field of crypto for years.
The original poster has clearly demonstrated: “So, if 19 million Bitcoin is currently ‘printed’ and only 4% of the population has … What a ‘money’ with only 5% of the population ????
A fair question and answer that cuts the hearts of Bitcoin’s identity crisis reveals why Bitcoin could be successful because it failed as a traditional money.
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The discussion immediately was divided into two camps, each has a different vision of what Bitcoin should be.
“Electronic Cash” cigars Satoshi Nakamoto Original white paper“Bitcoin: Electronic Cash System between Spouses”. As a commentator says: “Bitcoin is clearly designed to function as an electronic cash between peers. The title is literally the title.”
“Digital Gold” defenders Claim Bitcoin’s original purpose. “Bitcoin is not a currency,” written A user. “It is not designed to be used as a payment tool … Your government is designed to be a safe port for your money while ruining your fiat.”
This is not just an academic debate, but a deep change of how Bitcoin is positioned and used in the real world.
It comes from an unexpected source of the most attractive anti -towing source of the “5% problem”: precious metals.
“What percentage of the population is gold?” More than one commentator asked. Comparison Lighting. Gold is not widely used for daily operations, but it maintains value as a reserve store. Similarly, Bitcoin supporters argue that widespread property is not necessary for useful.
“I have it, so I can take it to Walmart to buy a TV” described. “I have gold because its supply cannot be inflated like a fiat currency, so its value will increase.”
However, critics pushing this analogy back. The industrial use of gold has its cultural importance and thousands of years of history. Bitcoin has … Mathematics.
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Perhaps the most instant response to the question of adoption was collective avoidance: “We are early.”
This expression, which is repeated throughout the thread, represents more than optimism – a fundamental belief that Bitcoin adopt a different orbit from traditional currencies or payment systems.
“Adoption is not linear, it is upgraded!” He declared a commentator. “Still early. And early always looks confusing. Until it is open.”
The “Early” narrative draws parallel with the Internet’s adoption curve, credit card acceptance, and even Gold’s historical role. Supporters argue that Bitcoin’s current 5% ownership rate is impressive for a 15 -year -old technology that actually challenges a thousand -year -old monetary systems.
The most damn criticism on the subject came from users who saw Bitcoin as a pure speculation.
“Bitcoin, like all crypto currencies, is understood as a best collected asset,” he wrote. “The value is not dependent on any underlying cash flow … The value that values is faith and is a scarce, desired and belief that someone else will probably pay more in the future.”
This perspective frames Bitcoin as a currency or even a value tank, but as a digital collection that depends on a completely larger stupid theory – he hope that someone else would pay more later.
Even some Bitcoin supporters accepted this tension. “I haven’t seen or saw someone still paying with Bitcoin. Always from the investment perspective.” He said.
The debate revealed a disturbing fact: Bitcoin’s current infrastructure does not support the common adoption as a currency. In roughly 3 transactions per second, the network will allow each person in the world to perform bitcoin operations every 3.5 years.
“In the case of current, daily purchases with Bitcoin, like a safe bank safe to take $ 5 for a coffee,” he said.
Layer 2 solutions such as Lightning Network need to address these scaling problems, but they remain largely theoretical for most users.
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The Reddit Discussion reveals three basic ideas for everyone who thinks Bitcoin:
1. Bitcoin’s value proposal is developing If you see this as a natural evolution or betrayal of Bitcoin’s original vision, it depends on your perspective. However, the market clearly spoke: Bitcoin’s value warehouse narrative adopted more than payment service.
2. 5% problem may be a matter Bitcoin does not need to adopt a universal son if he succeeds as “digital gold .. Gold’s money role came from famine, not historically, not everywhere. The same logic may apply to Bitcoin.
3 .. The future of Bitcoin depends on whether it can develop a real benefit beyond speculation. The next few years will determine whether Bitcoin is a permanent value store or an expensive lesson in collective illusion.
“5% problem” is not actually a problem – this is a feature. The limited adoption of Bitcoin may be the thing that values it in the world of endless money pressure.
However, this does not mean that Bitcoin is risk -free. As a commentator points out: “The value is 95% speculation, so it seems 5% correct.”
For investors, the question is not whether Bitcoin is universally adopted as a currency. The question is whether 5% of the population believing in Bitcoin’s famine narrative is sufficient to maintain and enlarge its value over time.
Reddit discussion shows that the answer is yes for now. Central banks develop digital currencies and continue to see whether they are compatible with traditional financial systems.
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This article Bitcoin’s 5% Problem: Why don’t most people still have crypts – and what does it mean for the future? It appeared initially Benzinka.com
