People could not use an operating system until Windows appeared. With icons and a mouse you no longer needed to post or learn lines of code. Same is happening with crypto. Bitcoin needs an ‘abstraction layer’ for people to understand it and go mainstream.
Alice wants to pay Bob for his services and both have their own wallet. Transaction is initiated then Alice´s wallet proposes the BC to change his status to show his wallet emptier and Bob´s fuller. The network goes through several steps to confirm this change. The proposal propagates through the net and at the same time the different nodes check that Alice has in fact the BTC she is spending. If everything is ok, specialized nodes called ‘miners’ will pack the transaction together with other similar ones to create a BLOCK in the BC.
Bitcoin is not controlled by any government or central bank, it cares little for PR, press releases or spin, it cannot be debased nor subject to negative interest rates, it can’t be bailed in or confiscated.
Yes its has had a fairly turbulent past, but so did the USA, so did England, France, Spain, Germany, etc, etc. Greatness never happens with out some pain and sacrifice on the way. Bitcoin is still young, and may again face some challenges. But compared to the waster currencies of the GBP, EUR or USD I know at this moment in time where would be the best place to store my wealth,
Bitcoin allows you to send money to someone without asking anyone’s permission, and with hardly any fees paid. Why should there be a difference in citizenship because you were born here or there? At the BTC the account book is distributed in all computers, and therefore you can’t intervene.
The BTC network is the second largest network after the Internet: you’d have to shut down the latter to make it cease to exist.
If BTC does not scale in the direction of transactions per second, it may find scale in other directions as a result of innovation, such as large transactions.
Translated with www.DeepL.com/Translator (free version)