Hi,

Given the high price differentials of Bitcoin in recent years, one might think that Bitcoin is on its way to the mainstream.

Finally, the Blockchain will have its time, and everyone will recognize the extreme power of open, illicit financial networks and censorship-resistant monetary systems. Fiat repression will end. Prosperity will return. Let freedom resound! It sounds beautiful, but it also misses the point. It's not about the money.

Everyone thinks Bitcoin is about money. In a way, it's about money. In another sense, it's about something much deeper: trust.

From utilities to hairdressers, from architects to researchers, from banks to brothels and every other human endeavor, we have to trust someone to make sure we get what we expect.

With Bitcoin, you can be confident that you will get the result you expect without the need for a centralized authority on trust. Crypto-currencies ensure that everyone follows the same rules, while the Blockchain guarantees that your actions achieve the desired result.

People lie, the math doesn't. Computers will always do what we tell them to.

Therefore, you no longer need to rely on governmental decrees, local regulations, or the good faith of strangers. You can safely do business with millions of people you've never met, have no relationship with, or live in a country with different laws and regulations.

Bitcoin is not just revolutionizing money. It revolutionizes trust.

If you trust Bitcoin, you don't have to trust people.

Can you imagine a world where a single global payment network handles all kinds of routine, everyday tasks like paying your parking meter and tracking your packages?

It's a big thing to ask of people. It's certainly not the first time that new technology has exceeded human capacity. Electricity had the same problem when it was first processed into a working power generator.

We still live in a centralized world, with centralized thinking. Bitcoin doesn't fit into our society yet.

When Volta built the Volta Stack, few people recognized the great revolution that electricity brought about, namely, that you can power anything, anywhere, anytime.

It didn't make sense then. How could one obtain energy by immersing some metals in saltwater? And why on earth would you even do that? You already have enough power from people, mills, and steam pumps!

Only a few people have made it. Even then, it took decades for inventors and engineers to put electricity into machines, and later decades before, these machines came on the market. With the pace of modern invention and production networks, we can guarantee that we will not have to wait decades for Bitcoin to become mainstream. Some would argue that this has already happened.

Our point is that we have to wait a while longer before people appreciate the real revolution.

In the next few years, as the price of Bitcoins increases, people will focus on money, they will read articles in newspapers and be greedy. People don't want to miss out on easy money. That's all right.

As we get more real-world products and services, people will get a better picture of what Bitcoin can do.

The developers will continue to deliver better applications. New products and services will sprout overnight. Altcoins will solve some of the problems that Bitcoin cannot (yet) solve.