The purpose that it holds is that it's issuance is predictable and there is a max amount that will ever be issued. It's controlled by mathematics and not human beings that might corrupt the system.
You can send any amount of value from anywhere in the world if you have internet access but even with radio signals you could send Bitcoin.
The network is decentralized so very robust and what happened in 2008 can't happen to Bitcoin.
Also don't forget that there are way more people in the world without access to banking or to good banking, than people that have full access to banking services. You might not have a need for it, but Kenya's Mpesa system (people exchanging calling minutes for payment) shows that there definitely is a need for something like Bitcoin.
The purpose that it holds is that it's issuance is predictable and there is a max amount that will ever be issued. It's controlled by mathematics and not human beings that might corrupt the system.
You can send any amount of value from anywhere in the world if you have internet access but even with radio signals you could send Bitcoin.
The network is decentralized so very robust and what happened in 2008 can't happen to Bitcoin.
Also don't forget that there are way more people in the world without access to banking or to good banking, than people that have full access to banking services. You might not have a need for it, but Kenya's Mpesa system (people exchanging calling minutes for payment) shows that there definitely is a need for something like Bitcoin.
Good comment that provides productive information to a mild skeptic.
Disclaimer: I own a small bit of BTC and some ETH because I stake and earn a little APY
Your keys. your Bitcoin. Not your keys, not your bitcoin.