In the field of value storage, bitcoin has occupied a part of the gold market, and the transition from "gold standard" to "currency standard" is very obvious, even if there may be many twists and turns in the process. Bitcoin's next goal is to become a "transaction intermediary and bookkeeping unit", and its ultimate ambition is to become a "currency" integrating "transaction intermediary, value storage and bookkeeping unit". This description must remind you of the dollar. Yes, in the past few decades, the dollar has actually become a global currency, relying on the strong military and economic strength of the United States, which integrates "transaction intermediaries, value storage and bookkeeping units".

However, the dollar's position has caused a significant side effect. The United States reaps the world and allows the world to pay for the wrong policies of the U.S. government and the Federal Reserve, and one of bitcoin's missions is to break the system. This is the original intention of bencong to launch bitcoin after the global financial crisis in 2009.

Bitcoin gradually occupied a part of the gold market in the field of "value storage" for 10 years, and the process was very tortuous. However, we should see that gold is essentially borderless, because it has no borders and no sovereign state struggles for it. So far, bitcoin is still an "asset", as gold is an "asset", whose value is measured by "dollar" or other countries' legal currency. Next, bitcoin is facing the anti attack of super big enemies if it wants to become a currency. No country will give up the "coinage right". Even if we understand from Hayek's economics that the rational market does not need the centralized authority to operate the currency at all, the sovereign state will not give up the "coinage right", and the reason is self-evident.

On the other hand, some of bitcoin's supporters may also be back in the air. It's like the comprehensive programs that answer questions. When you have accumulated 500000 bonuses, do you still choose to challenge the next more difficult problem, win 2 million, lose nothing. When bitcoin gradually occupied a part of the gold "value store" market from nothing, its early supporters had made a lot of money, and money had the function of corroding the will of fighting, and the enemy not only corrodes you, but also penetrates you. Is there any spy in your friend army, ha ha!

Companies like Tesla and paypal are actively promoting bitcoin as a trading intermediary, and they should be the immediate vanguard of bitcoin ambitions. But we have a premonition that the process will be very difficult and that it may die at any time. A while ago, GAC Wei said it would support bitcoin payment, and later quickly broke the rumors that it was false news. Bitcoin needs to wait for the maturity of digital currency ecosystem such as Ethereum and the time and future to stand on the side of bitcoin, but it should not expect too much to realize its ambition. We can't expect too much about human society, it's human after all! A successful species, who relies on paths, wants to be conservative, and wants to continue with "old familiar things", which is the least energy consuming path, even if they occasionally crack down on the old.

That's why anarchists welcome bitcoin, and while we don't agree with anarchism at all, what we want is a better society. The ambitions of bitcoin may also become a bubble. But the fire has been broadcast, and idealists are living.

(2021-4-2)