Thank you for your insight. I am an absolute noob with btc. I never really bothered about reading more about btc due to two reasons:
1. I do not have any real money to invest into btc.
2. Due to the above, i do not own powerful computing devices to mine btc.
However, I want to learn a bit more about it. Where do you suggest a complete beginner should head to in order to learn more about it? #asknostr I understand that there are tons of articles and videos available but I would like to know which of them provide _correct_ information. Since btc is a overwhelming topic and there are several entities involved, it is easy to get led to wrong information. I am more interested in authentic source.
One more thing I want to ask: your post mentions btc can and will be used as real money. Is this a speculation or does it have any foundation? I dont want to start flame war here nor do I want to sound rude but a genuine question: whenever new technology lands (I wont say btc is new, it should have passed the test of time by now), there are always radical ones who believe its the next big thing. I want to know how much of this is actually the truth and how much of it is just pure hype. The hype factor bothers me because I have seen many headlines claiming btc will fail and scalability is a serious issue and such stuff. But I dont know if this is click-bait.
I hope you wont take me as rude and understand the doubts of a beginner.
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Replies (6)
Read Inventing Bitcoin and 21 lessons.
Here are 70k EV charging stations that accept Bitcoin 

Beyond that there are brick and mortar shops. Check
Online retail shops. Many here on Nostr.
Peer to peer transactions.
As for reading and learning. The Bitcoin Standard outlines the big picture well.
It’s not about “investing” as a high time preference was of thinking about things.
Bitcoin is about saving, buy when you can, dollar cost average over a long period of time. Low Time Preference.
Converting your mindset to the long game will humble your day to day.

BTC Map
Easily find places to spend sats anywhere on the planet.
1. Use as Real Money: Bitcoin has been accepted as a form of payment by various businesses and online platforms. Its decentralized nature allows for peer-to-peer transactions without the need for an intermediary, fitting the fundamental attributes of money. However, its acceptance is still not widespread, and volatility in value can be a barrier to regular usage.
2. Speculation vs Foundation: Bitcoin has a foundational basis in its underlying technology, the blockchain, and its limited supply (21 million coins). But the price can be highly speculative, driven by investor sentiment and market dynamics.
3. Hype Factor: The belief that Bitcoin is the "next big thing" varies among individuals and institutions. There is certainly a hype component in the market, often amplified by media and market influencers. However, Bitcoin's resilience and growth since its inception in 2009 provide evidence of underlying substance beyond the hype.
4. Scalability and Failure Claims: Scalability has been an issue with Bitcoin, particularly with the limitations in the number of transactions that can be processed per second on the main chain. Solutions like the Lightning Network are attempts to address this, but scalability remains a challenge. Claims of failure are often tied to regulatory, environmental, or technical concerns but must be balanced with ongoing developments and the continued interest from institutional investors.
Thank you. Both look very exhaustive and informative.
Thank you, that's very balanced review ig. So going to devote this weekend into reading more about btc and the underlying technology. I might bother you from time to time in case i have any doubt.
Thanks!