Is Bitcoin necessary ?

We need to ask ourselves this question if we are to understand the scope and interest of Bitcoin for the future.

May 2, 2024


This is the question we need to ask ourselves if we are to understand the scope and interest of Bitcoin for the future.
Satoshi Nakamoto: ‘If you don't believe in it or if you don't understand it, I don't have time to convince you, sorry’.

Quickly understand what Bitcoin is

There are many definitions, but the main one for me is that of Yves Choueifaty. The first 30 seconds are enough in this video.

For financiers or engineers, the details of Tobam and Yves Choueifaty's thesis.

Secularism: borrowed from the ecclesiastical Latin laïcus (‘common, of the people’), the word laïc comes from the Greek laos (‘people’). We usually say that secularism is the separation of church and state. As Bitcoin is potentially the materialisation of the separation between money and the state or capitalism and the state, it is therefore a laic tool.

Bitcoin can become a tool that is neither public nor private, but a common tool (for currency), which is a bit special. Gael Giraud defines the commons perfectly in his theology thesis.

Bitcoin would therefore make it possible to limit capitalism. Why? 21 million is the maximum number of Bitcoins that will be in circulation. There's no better tool for limiting the economy, and we need it, not least for ecological and economic reasons.

What will happen to Bitcoin?

We must collectively understand that we are moving from an economy based on consumption and flows to a society based on production and stocks.

Once the major crises have passed, bitcoin could become a standard of value, initially for planet earth and, who knows, maybe one day elsewhere.

Jesus: ‘Render unto Caesar the things that are Caesar's, and unto God the things that are God's’ This phrase, which draws a distinction between the temporal and the spiritual, and in a way the essence of secularism, could be likened to the distinction between debt currencies and reserve currencies. Bitcoin could become THE reserve currency and the other currencies THE debt currencies.


For all these reasons, Bitcoin, like the state, is a necessary evil. For the planet and for humanity, to honour our ancestors and provide for our descendants. Law, the science of justice, enables us to think about our future organisations.

Since the discovery of ‘Laniakea’, the observable universe has been an object, finite in the mathematical sense of the term. If we don't understand that Bitcoin is perfect for our exchanges of value in a finite world, like the earth or the universe, then we've understood nothing. This doesn't mean that there aren't other private or public currencies that, depending on their usefulness, are parallel to Bitcoin (Ethereum or CBDCs, for example).


Everyone wants to live at the expense of the State, and we forget that the State lives at the expense of everyone else.
Frédéric Bastiat

Not your keys, not your coins. Take care.

Matthieu Chassagne

Tokenomics specialist

Passionate about general economics and philosophy