Bitcoin: Breaking Out of the Payment System Evaluation Framework, Unlocking the Potential of the Incremental World

Bitcoin is deeply trapped in a huge narrative dilemma: people tend to evaluate it by the standards of a "payment system" and judge its failure accordingly. Indeed, the criticisms of slow transaction speeds, high fees, and low throughput are undeniable. However, this is precisely the wrong yardstick, as Bitcoin has never aimed to become a traditional payment system.

We often overlook the powerful self-organization ability of humans. The uniqueness of Bitcoin lies in the fact that it is not supported by a corporate structure, lacks a foundation for overall planning, and does not have a CEO controlling the situation. A group of developers scattered around the globe, driven by their passion for technology and dedication to decentralization, meticulously maintain the largest decentralized financial infrastructure in human history with minimal resource input. This spontaneously formed collaboration model, transcending regional and organizational boundaries, itself is a powerful challenge and innovation against the traditional financial system.

The true value of Bitcoin is not in competing for market share with traditional payment methods within the existing financial stock world. It has a long-term vision, focusing on laying the groundwork for the yet-to-be-fully-unfolded incremental world, serving as a key cornerstone for future financial settlement layers. In this incremental world full of infinite possibilities, decentralization, security, and transparency will become the core demands, and Bitcoin, with its unique blockchain technology and decentralized characteristics, happens to meet these needs.

We can no longer confine Bitcoin's development with the old payment system mindset but should recognize the enormous potential it holds for future financial transformation. It is opening a door to the incremental world with a brand-new posture, exploring the direction for the future of human finance. #加密市场观察 $ETH$BTC