What Does Bitcoin Do?

I still hear this a lot “but what does Bitcoin actually do?” or “what purpose does Bitcoin serve?” or “isn’t Bitcoin’s value going up just because more people are buying it, not because it’s useful?”

Bitcoin was designed to address every single problem with our financial system.

Centralization

Traditional currencies are controlled by central banks. This gives them the power to manipulate the money supply, potentially leading to inflation and economic instability. Bitcoin, on the other hand, is decentralized. No single entity controls it, making it resistant to censorship and manipulation.  

I'm wary of the centralized nature of traditional currencies. The fact that central banks have the power to manipulate the money supply concerns me greatly. They can essentially print more money at will, which inevitably leads to inflation and erodes the value of my hard-earned savings. This lack of control over my own financial destiny is a major drawback. Bitcoin, on the other hand, operates on a dec…