Bitcoin Explained: Roughly

Bitcoin is a permissionless payment platform that gives merchants and customers the ability to cut out anyone and everyone who does not add or provide value for the business or what they perceive as valuable. It is much much different from any other form of matter and there's MUCH more to it than anything we've seen yet. It is the most reliable store of value that these generations have ever seen or had access to since the Gold Rush in the 1840s or the peak of the internet. Before there was Bitcoin there was the gold standard and before that, there were local currencies by state, province, and government. Paper money didn't even exist in the US until 1775 after the revolutionary war began, and even then it was backed by physical objects. In this case, it was about 1.5gs of gold per bill and scaled accordingly. Of course, until around 1930 when FDR began taking us off of the standard to deleverage the power gold had as a worldwide currency in order to pivot the Dollar into the base-level currency used. Bitcoin is a reliable store of value because 1 BTC=1 BTC is always and forever. No deflation, no inflation, no tampering, once the sats are transferred and received they will sit there unless it is stolen or misplaced. The real value comes from the market it is being utilized in. The market price is about 40k per coin as of typing ( March 17th, 2022), and this changes often because of how volatile the dollar is showing it is, the long term along with the unseen volumes of USD dollars being printed monthly by the FED “...Currency in circulation, a direct measure of demand for Federal Reserve notes, increased by 4.0 billion notes or $212.8 billion dollars between June 2020 and June 2021. In contrast, during the same period the previous year, currency in circulation increased by 5.1 billion notes, or $226.3 billion dollars.” (https://www.federalreserve.gov/paymentsystems/coin_currency_orders.htm) . For the context of business, this is both very important and not a concern, based on the priorities of the owner of each specific business or by each person's specific financial needs in their given communities. Ideally, no bitcoin that is earned or obtained should ever be SPENT but UTILIZED. Unless there is a worthwhile payoff that can not be pivoted to any other method of payment. (Like bills, expenses, or even buying things you want if you want them bad enough.) Money technically has no value if people don't use it. Assuming all expenses are paid and there is leeway from other areas (USD) then any Bitcoin earned or obtained should be kept safe or reinvested into other worthwhile projects or kept as an investment. 
1 BTC=1 BTC as time goes on.1 USD > 1 USD.
The Benefits: 
-The Efficiency: It's Reliable and consistent with the results. Though rules are strict and important, any misstep can be traced back to a single point of failure that can be further resolved and avoided.
-Security: The only people involved and responsible are the ones who have to be. Merchants and Customers alike. People who want to provide value and people who want value. P2P (Peer to Peer) allows only the people who need to be involved or who want to be involved.
-Speed: Assuming everything is done right and the education is swift enough, then it should always take one extended period to explain or show but even that is fast. It's as simple as buying some Bitcoin through Cashapp or Strike or even BlueWallet and sending it to the destination.
There are plenty plenty more aspects, but given the average person's time preference they do not matter much in ways that matter but that does not make them less important (like how far the scalability will go as it relates to how transactions will occur,, the feasibility of how deeply Bitcoin will affect any and all communities once they really understand, the limitless capability of the transaction rates that bypass governments and any federation that would try anything short of enslaving everyone AGAIN, the simultaneous bottom-up/top-down view of accessibility, etc).
The Cons:
-The tax and legal financial constitutions for Bitcoin are constantly being built on and added to by governments from the state level all the way to federal and global levels. It is advised that all taxes are done to the best of your ability when you know it is necessary and smart to pay them. I am not a professional yet and nothing I say should be taken as “legal advice”,  just exactly what I would do if I were in each of your shoes and given the opportunity.
		>This is solved by either doing the “required” tax documents and filing them with the rest of the “required” reports OR the income EARNED through providing an actual service or value could be kept in a wallet that the person or persons who earned it and can be divided accordingly among the people or persons based off of agreements and work. Though paying taxes is technically a mandatory business agreement between the business and the local/federal government, there are no (current or practical) ways they could go about knowing DIRECTLY how much you “owe” if you choose to go through the many many options and practices and the levels of anonymity put in place (cold wallets, Bitcoin mixers, multi-wallet transfers, etc.)
-Volatility is one of the biggest factors that are difficult to deal with as new people enter the market. The price at the time it is bought or earned is not the price it would be the next day let alone the next hour. Though it may not be much some days or weeks, the harsh volatility means that the market price could rise or lower by $5,000 in less than a day. This fluctuation is less than ideal for businesses and individuals whose goal is to make money or those who need the money they are spending (never ever use money or lose the value that needs to be directed to other places like food, clothes, or bills). The short-term risk reward is too high for most people and that's understandable.
		>This is solved by going into the market expecting long-term value over the immediate short-term results. Every day there are entire countries, senates, states, and people in governments or big business positions that are implementing bitcoin in nearly every way possible. Anyone who has held Bitcoin for more than 2-3 yrs has historically seen a 100% profit margin. So the solution is to go in for the long game because it's understood just how unbelievably valuable this will/can be in this decade OR get in, get out, and trade any Bitcoin through services or at a premium to avoid losses OR by understanding that the real value is in how solid the DENOMINATIONS are. 1 sat = 1 sat so when looked at from that perspective any business or individual that is constantly gaining or maintaining a certain yet non-fluctuating level of value is objectively better off than those who are not. 
-Because it is the same difference to the customer, it benefits both parties to use Bitcoin as well as the community, environment, and those that benefit from both.

04/28/22