I tend to view it as an asset similar to gold and that gold is slow to use due to weight and ability to measure proper amounts.
This might be better suited for larger movements between countries and corporations. Remember the government is supposed to work for the people. That would potentially allow for financial transparency among countries for their citizens to view on the public ledger.
Am I incorrect?
Please read The Bitcoin Whitepaper, it outlines what the original goal, intent, & implementation of what Bitcoin was supposed to be.
I disagree governments SHOULD work for the people but they do not unfortunately.
Bitcoin might help correct this but I think the current status quo is too embedded, requires a drastic, & fundamental shift for governments to have the best will of its people in mind.
I didn’t link the Bitcoin whitepaper because it’s a PDF but I am sure there’s copies of it available without downloading it.
Is the White Paper similar to a Good Faith Letter or Letter Of Intent?
On-chain seems slow for day to day world use. I'm not exactly fond of Listening and still sounds Greek or bullshit to me. Not to say that it is but seems like a shit ton of work to run a node and channels.
A white paper is like a Blueprint that outlines the technical details.
Not to be rude but I’m assuming you’re relatively new to Bitcoin.
In the past on-chain worked pretty well but now has become a topic of controversy.
If you know how to run Linux then both should be easy but I think there are also beginner friendly tools that help you run nodes, & operate lightning channels.
I would advise take time researching, & asking others for help to learn.
I learned a lot from asking questions on Twitter, & other crypto circles like discord, telegram, & simplex, etc.
