People love to talk about the price of bitcoin and how awesome it is that their speculative bets keep making them money, but sometimes they fail to tell people why it actually matters.
They say it is going to change the world man, it's going to give you control over your own money man, take it back from the banks etc etc etc...
However, sometimes we just need some real simple numbers to show why bitcoin matters to the world...
(Source: https://www.ccn.com/while-wells-fargo-sees-an-epic-blackout-again-heres-why-bitcoin-matters/)
Right now, in the US, we have banks open for 40 hours a week.
That may sound like a lot, but not when you factor in the fact that there are 168 hours total in a week...
It doesn't sound so great then.
That means that banks are only open for 24% of the time you may need them during any given week!
Let that sink in a bit...
Lets say you need to urgently send money to someone, not only will the process take a while, charge you high fees, but you won't even be able to do it unless you do it during one of those magical 40 hours.
Talk about an archaic system!
There are drawbacks to being your own bank of course, such as having to secure and store you keys, but the pros outweigh the cons in most cases.
Just throw these numbers out to someone the next time they try to tell you bitcoin has no use cases.
This is just another reason why bitcoin matters...
Stay informed my friends.
-Doc
