A Middle-Aged Woman Trying to Understand Bitcoin | Episode 8

Dreamy But Dirty

After everything I learned about Bitcoin,
one thought keeps staying in my head:

This whole thing feels both amazing…

and kind of dirty.


Bitcoin conversations are full of words like:

  • freedom
  • revolution
  • decentralisation
  • future technology

But at the same time,
they are also full of:

  • greed
  • speculation
  • obsession
  • chaos
  • power struggles

And honestly?

That combination feels incredibly human.


One thing that shocked me most was the idea behind:

Proof of Work.


At first I kept asking:

“Why does digital money need so much electricity?”


Then I slowly started understanding something strange.

The electricity itself becomes part of the trust system.


Miners prove they performed real work by spending real-world energy and computing power.

In other words:

Bitcoin creates trust by burning electricity.


Honestly,
that sentence alone still sounds insane to me.


And my first reaction was simple:

“This sounds terrible for the environment.”


Because globally,
huge mining machines run constantly.

Millions of calculations.

Massive energy consumption.

Endless competition.


And the craziest part?

Most miners lose.


Huge amounts of electricity get burned,
and only a small number of participants actually win rewards.

That feels almost absurd.


But Bitcoin supporters argue something important:

The cost itself creates security.

Because attacking or rewriting the system becomes extremely expensive.


Critics say:

“This is wasteful.”

Supporters say:

“This is protection.”

Honestly?

I can understand both sides.


But then I realised something even stranger.

Bitcoin feels like futuristic technology…

yet somehow the entire system still depends heavily on human behaviour.


At first,
I imagined some perfectly automated AI-like future system.

But reality feels much messier.


Greed drives miners.

Competition drives security.

Fear drives buying.

Belief drives value.


And somehow,
all those human emotions accidentally create a functioning network.

That part honestly gave me chills a little.


Because Bitcoin is not really powered by kindness.

It is powered by incentives.


People participate because they want rewards.

But the result becomes a giant global monitoring system.


At that moment,
Bitcoin stopped feeling like “technology” to me.

It started feeling more like:

a giant human experiment.


And then there is the strangest part of all:

Satoshi Nakamoto.


Nobody knows who this person really is.

Or whether it is even one person.


And somehow,
that mystery makes Bitcoin feel even more powerful.


Because the creator disappeared.

No interviews.

No ownership claims.

No public control.


That creates this strange feeling that Bitcoin belongs to nobody…

and everybody at the same time.


Honestly,
there is almost something mythological about it.


A mysterious creator.

A revolutionary system.

A disappearing founder.

A movement built around belief.

Sometimes it even feels slightly religious.

Not necessarily in a bad way.

But definitely emotional.


Because many Bitcoin supporters do not just sound like investors.

They sound like believers.


And honestly?

I think that emotional energy is part of why Bitcoin became so massive.


At this point,
I no longer think crypto is only about money.

It feels connected to:

  • power
  • fear
  • technology
  • trust
  • ideology
  • human psychology

all at the same time.


And somehow…

that is exactly what makes it fascinating.

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