Hit By A Wall and Looking Into Pandora's Box

It's amazing how many times Bitcoin has died, or has been called a ponzi, rat poison or whatever all sort of haters have named it over time and how resilient it still is to all that hate. A matter of fact it feels like it's feeding with with such hate alchemizing it into growth and real life use cases.

I've had a night out yesterday with a a bunch of friends and at some point we've had the crypto topic on the table as well. It was obvious that it will get there at some point. One of them said that he believes Bitcoin is a ponzi, because it doesn't actually do anything in real life.

"No intrinsic value" was the narrative. My reaction was: what intrinsic value does our native currency has, which is devaluating drastically against the EURO, and what does the mighty USD has after all? It's decoupled of gold sine the 70's I guess and can be printed almost infinitely. Scarcity is definitely not any of its attributes.

Does Bitcoin do much in the world at the moment?

No, despite the clear events making it an actual currency in a couple of places around the world. It was inevitable though and I see it most as the main proponent of the blockchain technology that has stimulated so many brilliant minds into working for developing some real life crypto projects such as Hive rather than "the one and only".

Bitcoin is the goat. It's probably the most secure blockchain, not that scalable as others, but the one that set the first two feet on the moon. Blockchain technology is inevitable and a must at the same time, at least in my country where paperwork is still a reality, a quite annoying and exhausting one.

I had to register a car yesterday, that was bought from Germany about a month ago by some dude who resold it to me. After going through all the technical checkups and related shit, gathering all the paperwork that I needed, I headed to the registration office just to find out that I need to have a copy of the buy/sell contract between the German guy and the one who sold it to me.

"Why do I need it, I asked. Because we want a proof it's not stolen. Well, the proof is my contract with the reseller and temporary plates that he got from the registration bureau by providing such a contract... Nope, you need to have a copy to... OK, I said"

Headed to a photography store downloaded a blank buy/sell contract, filled it with the names and addresses of the German and the Romanian reseller, because I had the data of both of them from the cars German papers and my sale contract with the reseller, signed for both of them, made a copy and gave it to the idiot police officers and asked if it's OK...

The answer was "YES". Was it moral what I've done? Yes and no, yes because the car wasn't stolen and there was somewhere a contract between the German and the Romanian reseller, otherwise the car couldn't get to this point in the registration process in Romania, but the procedures are pure idiotic, and no because I had to sign for two folks, although none of them had anything to do with that car anymore, that being already sold by both of them.

Some things really don't make sense and are repetitive and useless.

Blockchain technology would have saved me a lot of time and the whole process would have been way easier if this car, actually all of the vehicles in the EU, would have been somehow recorded on such a network. Paperwork would have been useless as everything would be stored on the chain, available at any time and that old cop wouldn't have a job anymore.

You would be amazed to see how much hassle would blockchain solve in my country and its idiotic bureaucracy. So many laws and rules are actually designed to bounce each other at the cost of the citizens paying the taxes and wasting so much time for all sort of useless procedures. It took me at least three days to go through the whole process and register the damn car. Quite an old one actually...

You know what's funny but sad at the same time, that those papers will probably never be stored anywhere, actually serving to nothing, that the ones calling for a more efficient system such as that friend of mine who called Bitcoin a Ponzi, don't see the panacea for such a system when they hear about it and that we waste so much money on irrelevant tasks and personnel when we could put that work for the benefit of us.

Bitcoin and implicitly blockchain technology and crypto are not understood by many among us, although searching for solutions to a crooked system, but it is indeed a panacea. It's inevitable and a must. Till it will get its well deserved place in this world, it will still be called a ponzi by so many non connoisseurs...

Thanks for attention,
Adrian

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