Bitcoin isnt volatile. 1 sat = 1 sat, always. It’s the USD price that’s unstable and jumping around.
It took 10000 Bitcoin to buy pizza in 2009. Today you could buy a pizza chain with so many Bitcoin. That is volatility.
Even that growth wasn't a straight line.
That whole time, I could buy a loaf of bread for around a single USD. That's stability, but it was always insecure.
The strength of Bitcoin is security through self custody.
One is a rapidly appreciating asset vs a steadily (although accelerating) depreciating asset.
Value is determined by supply and demand, and back then the supply was plentiful while nobody saw the need. Today there is more awareness, but adoption still hovers below 2% globally… however the supply is clearly defined and a beacon of stability
Value is always subjective. Human subjectivity is hardly a stable foundation.
Nevertheless, we agree that #Bitcoin is superior money, even if for different reasons.
Bitcoin has value, except for folks who think the internet is a fad.
Humans are a funny lot, because in economics and all things they are often subjective. But their subjectivity is objectively predictable because it follows an inner structure of spiritual, psychological, conative, and biological design and stimulus which informed their decision making.
So while people are subjective they are also understandable.
What you're describing is similar to the difference between being an employee, and being an entrepreneur. The former FEELS secure, but isn't. Being an entrepreneur feels risky, but once he learns the game, it's less risky than a job.
