# bitcoin value vs faith asset By [草インコ](https://paragraph.com/@toolofliberty) · 2025-09-21 --- > 📝 This article is available as a free Writing NFT on Mirror. Collect it to show your support for philosophical perspectives in crypto. The Value of Bitcoin vs. Its Status as a Faith-Based Asset ========================================================== Do you believe in Bitcoin? It may sound like a wedding vow, but the faith Bitcoin demands today might be even more unshakable than marriage vows themselves. **Till you choose to SELL.** * * * The Value of Bitcoin -------------------- ### 1\. What is Value? According to various sources, _value_ refers to the degree to which something is useful, important, or desirable to individuals or society. It can be assessed through: * Utility and Significance * Scarcity and Uniqueness * Subjective Demand and Relational Evaluation ### 2\. Value in the Context of Bitcoin So — does Bitcoin truly have value? One might say “Just look at the price,” but that would be too simple. Let’s explore this structurally. #### Utility and Significance Bitcoin holds symbolic value as a revolutionary technology and philosophical milestone. Practically speaking, it is listed on nearly every exchange with ample liquidity — meaning that its utility and significance are widely recognized and trusted. #### Scarcity and Uniqueness Bitcoin has a hard cap on issuance and stands as the origin of all altcoins. Just as all roads once led to Rome and all trade passed through the Silk Road, all crypto roads began with Bitcoin. #### Subjective Demand and Relational Evaluation Those who saw value in Bitcoin early on held it tightly. When collective recognition caught up, Bitcoin became legend. As this sentiment shifts, so does the market. ### 3\. Does Value Create Price, or Does Price Create Value? Value and price are intertwined, reflecting both conscious and unconscious perceptions of reality. But they don’t always align. As sentiment ebbs and flows, the market forms trends based on shifts in subjective evaluation. Value precedes price — or follows it — depending on how the market perceives the narrative. * * * The Faith in Bitcoin -------------------- Faith emerges from how many times something _doesn’t_ betray you. If you alone could predict tomorrow’s weather, you’d become an oracle — a guide through times of famine or feast. It has always been so. ### 1\. What is Faith? Faith is often defined as belief in gods or higher principles. More broadly, it refers to a deep trust — in systems, people, or ideals. ### 2\. Faith in the Context of Bitcoin In Japanese, the characters for “believe” (信) and “person” (者) combine to create the word “profit” (儲). **信 + 者 = 儲** Believers become those who profit — a structural beauty. Why do people believe in Bitcoin? Because of its origin story: the philosophy of Satoshi Nakamoto, the Genesis Block message —**“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”** —and the very disappearance of its founder. Add to that the survival of Bitcoin through Mt. Gox, FTX, countless hacks — and what you have is not just resilience, but _myth._ Bitcoin has earned its value, price, and faith through belief. ### 3\. Does Faith Create Myth, or Does Myth Create Faith? As mentioned, Bitcoin’s cycle of faith → trial → myth → renewed faith forms a loop. Today, even self-proclaimed “faithless investors” are riding that cycle, treating the **value and price** formed by belief _as belief itself_ — creating new legends through trades. Faith supports trust. Myth supports faith. This recursive engine powers Bitcoin’s spiritual economy. * * * Bitcoin as a Currency (Now) --------------------------- ### ➤ Lightning Network: Toward Real-World Utility Lightning Network (LN) is a Layer 2 protocol for Bitcoin that addresses scalability issues. It offers fast, low-cost, off-chain transactions — enabling micro-payments with improved privacy. Though challenges remain, Bitcoin refuses to give up on becoming _currency._ ### ➤ Legal Tender: El Salvador El Salvador famously adopted Bitcoin as legal tender, along with the Central African Republic. However, on Jan 29, 2025, El Salvador passed legislation making Bitcoin **optional** for payments — a partial rollback. While not functionally mandatory, the government continues to hold BTC in reserves. In August 2025, the country announced a strategic move to spread its ~6,300 BTC across multiple wallets as a precaution against future quantum threats. A symbolic move — imperfect, but meaningful. ### ➤ The Digital Converter: RWA as “Faithless Faith” Real-World Assets (RWAs) are physical assets (like real estate) tokenized on-chain. If Bitcoin is a digital-native asset simulating scarcity, RWAs are real-world assets _digitally reflected_ — requiring no ideology, only credibility. Thus, RWAs operate without crypto-native philosophy. They **inherit trust** from traditional systems and tokenize it. It is a kind of “faithless faith” — functional, but ideologically vacant. Yet in time, even RWAs may evolve shared values — even belief. * * * Conclusion ---------- Is Bitcoin — or crypto — truly unshakable, or simply not shaken _yet_? Is it untouchable like gold, or simply untested? The experiment continues. Bitcoin keeps asking this question not just of markets — but of _us_, the participants, the co-conspirators, the believers. And we keep answering. * * * ### 🙏 If you found this meaningful: I’m not part of any team — and unfortunately, philosophy doesn’t pay. Tips in **ETH** or **USDC** are always appreciated.So are likes and follows on **X**.And if you're feeling generous, buy me a coffee for the morning grind. ☕️ 📬 **toolofliberty.eth** 📡 Follow me on X:[https://x.com/tool\_of\_liberty](https://x.com/tool_of_liberty) Thank you for helping preserve the decentralized spirit 🫡 * * * **Tags**: bitcoin, value, faith, philosophy, decentralization, lightning-network, RWA --- *Originally published on [草インコ](https://paragraph.com/@toolofliberty/bitcoin-value-vs-faith-asset)*