Dr. Wichit Saiklao, Systems Engineer and Bitcoiner, gave an interview to Right Now on the YouTube channel “Ask Again with Ig TAM-EIG” about the current global economy and mentioned Bitcoin in the interview. It’s about being a better store of value, energy, and time than traditional financial systems like gold and banknotes.
Thai finances are unfair.
After Wichit has traveled to study in the United States. Wichit discovered many shocking truths. One of them is the matter of the financial system. Why don’t Americans have to work hard in order to have a good life? So why do Thai people have to work hard? The answer is the financial system itself. Khun Wichit thinks that there should be a new type of money that is fair. Until I got to know Bitcoin Whitepaper and studied it. So I know that is what you’re looking for both the subject of limited existence and the absence of intermediaries
To become money like today
Mr. Wichit revealed in the show that money = technology, people are always looking for new things to replace the financial system. Starting from the early days of humans using shells. Which is easy to copy because it is difficult to tell which shell is which. until it evolved into gold and the banknotes are the way they are today which Mr. Wichit said Money is what people put their energy, value and the time we put into money. In other words, money is a store of value. Previously, gold was rated as the best metal to store value. and acts as a medium of exchange (Meduim of Exchange), but with the fact that gold is difficult to move Thus leading to a new evolution is “banknotes”, which are easier to carry and more convenient to use for transactions than gold. But fixing between gold and banknotes is difficult. because banknotes are easy to print But gold is harder to mine. And that’s probably why Bitcoin was born.
Bitcoin never dies, buy at any price
When Wichit knows that we have to store our energy in something. Since silver and gold are no longer the answer, Bitcoin is the best option. With limited availability, interchangeable, easy to move and also a network by itself Wichit therefore chose to keep Bitcoin at any price. because Khun Wichit believes Our energy, our physical energy, and the time spent. should be kept in something worth keeping. It’s like buying land. From Wichit’s point of view, Bitcoin is also the source of energy from gold, stocks and other assets because it is a system that is designed to solve all human needs. can be solved with banknotes There must be a new system. Khun Wichit views that at present until the distant future for a while There seems to be no substitute for Bitcoin, and he revealed that he is working three times harder today to buy Bitcoin. not trading speculation