Layer 2 solutions and the lighting network bring scalability, speed and low cost. Poor people prefer to use a brand they recognise rather than some obscure coin that may or may not succeed.

Venezuela and Nigeria are using Bitcoin for everyday transactions by the millions, in El Salvador is legal tender. You can easily pay for a coffee with bitcoin in many places and it’s cheaper and faster than using dollars.

Bitcoin is divisible by 100,000,000 Satoshis. This is the real medium of exchange.

--

--

--

Author of ´Bitcoin For Mere Mortals´ available @Amazon. Subscribe and drop me a line and I’ll send you a copy for free, no strings attached.

Love podcasts or audiobooks? Learn on the go with our new app.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Alberto Guerrero

Alberto Guerrero

Author of ´Bitcoin For Mere Mortals´ available @Amazon. Subscribe and drop me a line and I’ll send you a copy for free, no strings attached.

More from Medium

Staking Stablecoins may be the next generation of finance and could be the most significant…

How to Solve the Bitcoin Energy Problem

What Price Will You Pay for Bitcoin?

Why is Bitcoin Not Worth $100K yet?