Why mBTC might save Bitcoin and the World

Right Now

Just a day ago Cointelegraph mentioned Bitcoin reaching the unbelievable worth of 10.000$. This is often entitled as an important psychological border, which might lead to breakthrough and mass adoption. In addition, the CME announced to offer Bitcoin futures by the end of this year, which will most likely lead to even higher prices.

Bitcoins Goal

Originally, Bitcoin should have been the new money, fast and easy to trade over the whole world. Although Bitcoin seems to go in a slightly different direction than in Satoshi’s Whitepaper, it still follows the fundamental idea of it. Bitcoins goal is to change the world!

By liberating us from the corrupt banking system, the compound interest effect, and the controlled and intended financial crises, which only aim to making a small percentage of our population even richer than they already are. The infamous 0.1%. Although we have a current dispute between Bitcoin and Bitcoin Cash supporters, we all should not lose sight of the goal itself: Changing the world. Making it impossible for centralised systems to suppress whole continents with their power. The US dollar and the military industrial complex have become uncontrollable beasts that we, the world, have to fight. For a more fair distribution of wealth, for the common good we see in each other and not at least for our kids.

Therefore, it does not matter, if Bitcoin currently is more suitable to gold than to a currency. Bitcoin and Bitcoin Cash can and should coexist. While the one might be the ultimate store of value, unaffected by financial crises and wars, the other one should be allowed to become an accepted medium of payment (although it will probably fail). If it does, and it stays decentralised, great! However, let us not miss this one in a million chance to overcome the world’s unfair conditions for at least half of our globe.

Human Psychology

Since the price of bitcoin rises, more and more people become aware of it, which is actually great. The problem is that they only become aware of it because of rising prices, huge interest and FOMO. It is always entitled as speculative and dangerous, rarely as safe haven for your life savings. If we would get to a point where almost everyone would use it as such, we could destroy the running system and change it for the better.

Now that Bitcoin is in the 10 thousands I hear “it’s too late” more often than ever before. Professional investors will flood the markets and Bitcoin shorting will become a thing. I have the feeling that this will make less and less private persons invest little amount in Bitcoin. In the end this will lead to having the Wallstreet most of the capital in there, being able to manipulate the prices, and there we have it again.

If people cannot even afford 1 Bitcoin anymore, they simply reject seeing it as something that can liberate them. The simple citizen just asks himself, how can something that is so expensive and volatile help me keeping my savings safe? What if I put everything I have in owning one Bitcoin and then it goes to zero? Human brains aim for even numbers and sets of 1, 100 or 100. Putting the money, you saved for the last months, into something that you will then get 0.1 of, is a psychological hurdle.

mBTC for the Greater Good!

To stop making Bitcoin another instrument of greed and bad intentions, because of normal people staying out of it, maybe changing the standard unit on all Websites, Wallets and exchanges to mBTC might be worth a try. Reading that Bitcoin now is 11$ per mBTC instead of 11.000$ per BTC might just change the way people think of it. You might be more likely to think “Mhh I’ll give it a try with 100$, buy 10 mBTC and see what happens!”

Maybe this simple trick could be useful when it comes to support Bitcoin to become the asset of everybody, and the anathema to the elites and the Wallstreet. Maybe it can support adaption and acceptation in the crowd and lead to the revolution our generation has been waiting for.

I hope you liked that post! Let m know your opinions about the future if Bitcoin in the comments!