Bitcoin was Designed for a Financial Crisis — So far it’s Working well

If you’ve been in Bitcoin (BTC) long enough most likely its Genesis Block has been mentioned quite a few times. If not, the image below should be self explanatory.

Bitcoin Genesis Block RAW data. Source: UnB

It doesn’t really matter if people consider Bitcoin as a store of value competing with gold and real estate, medium of exchange for uncensored transactions, or a potential unit of account due to its non-inflationary model. As the digital currency supporters say, “honeybadger doesn’t care” and they’re right in that sense. Most likely there will never be a consensus on what Bitcoin’s main usage is and some would argue that there is no need for one.

Bitcoin was designed to work on a standalone basis, without the need of banks, governments, international currencies or whatever system is needed for traditional fiat money. Satellite and mesh network communication systems are currently in use in order to keep the Bitcoin blockchain alive even during an internet outage.One…