Warning: The opinions expressed herein are those from the author and are not necessarily representative of the views of Cointelegraph.com.

Bitcoin, when it hit the presses for the first time in its own white paper, was touted as this peer-to-peer cashless system that could revolutionize The world of finance and break the chains of banking hegemony.

However, as the cryptocurrency market has evolved, it has attracted a new wave of investors and speculators who have moved away from its original purpose. on the unprecedented gains that attracted them in the first place. Really, those who enter the crypto economy should do so for the right reason, reveling in the potential that it holds to be a disruptive technology, rather than a system to become rich quickly.

The Defective Financial System

A look at the generations shows how the current generation is under the yoke of a financial services sector set up by the baby boomers, who run always the central banks. The end of the Second World War in 1945 triggered a new revolution in the bank, but this system remains almost totally intact.

This banking and financial system is obsolete and does not even work properly. number of major accidents that have plunged the world into a desperate situation on a few occasions; the crash of 1987, the bursting of the Internet bubble in 2000 and the global financial crisis of 2008 all resulted in the breakdown of the system. There is a lot of skepticism that is born from being put under the financial collapse that was built by previous generations. Millennia are now starting to struggle and wonder why things are such as they are and what they can do to change them.

The Blockchain Revolution

The Blockchain's technology is revolutionary in name but in nature as well. Those who understand the technology behind Bitcoin know what cryptocurrencies can become. But, those who understand only that Bitcoin has a chance to double its value every three months, push it into the territory of the bubble. The evidence is there though, the threat that Blockchain and cryptocurrencies pose can be seen in the way most central banks and regulators react to it, knowing that their monopoly is under threat.

With the exponential expansion of the crypto community, which is also an intellectual expansion, we must balance the financial speculators and technological innovators. When Bitcoin was trying to make the fiat money obsolete, it was doing it with a much smaller number of more technology-based users. Now, as the network has grown, the direction of Bitcoin, as the main example, has changed, and the community is a different demographics.

Useless Digital Gold

Bitcoin is in a precarious position. It's the most popular and well-known, and therefore most likely to be disruptive in every sense of the word, but it's descended into a rather useless path in terms of revolution. The fact that Bitcoin is an asset, a valuable stock – the digital gold – because of its problem of scaling and other reasons, in fact much less a revolutionary system, more gruff and faster. This is not the fault of the currency, technology or engines of its development, and it is the fault of those who use it for the wrong reasons.