CaqKa on Nostr: Woow. Love the picture. ...

Woow. Love the picture.

quoting
nevent1q…gse4

𝗪𝗵𝘆 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗶𝘀 𝙉𝙤𝙩 𝗮 𝗦𝗽𝗲𝗰𝘂𝗹𝗮𝘁𝗶𝘃𝗲 𝗔𝘀𝘀𝗲𝘁

You hear it all the time from the Jamie Dimons of the world: “𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘪𝘴 𝘰𝘯𝘭𝘺 𝘨𝘰𝘰𝘥 𝘧𝘰𝘳 𝘴𝘱𝘦𝘤𝘶𝘭𝘢𝘵𝘪𝘰𝘯.”

Nothing could be farther from the truth. Here’s why👇


linaseiche (npub1clf…k28k)

Many view #bitcoin as merely a speculative asset, believing its value lies solely in trading and price fluctuations. 𝘛𝘩𝘪𝘴 𝘱𝘦𝘳𝘴𝘱𝘦𝘤𝘵𝘪𝘷𝘦 𝘴𝘵𝘦𝘮𝘴 𝘧𝘳𝘰𝘮 𝘢 𝘭𝘢𝘤𝘬 𝘰𝘧 𝘶𝘯𝘥𝘦𝘳𝘴𝘵𝘢𝘯𝘥𝘪𝘯𝘨 — both from the speculators themselves and from Bitcoin critics — 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘳𝘦𝘢𝘭𝘭𝘺 𝘪𝘴.

While bitcoin's price movements invite speculation, its core value transcends mere market dynamics. Price action, adoption rates, and protocol enhancements will always be uncertain, but 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗲𝗺𝗯𝗼𝗱𝗶𝗲𝘀 𝗱𝗲𝗳𝗶𝗻𝗶𝘁𝗲, 𝗻𝗼𝗻-𝘀𝗽𝗲𝗰𝘂𝗹𝗮𝘁𝗶𝘃𝗲 𝗾𝘂𝗮𝗹𝗶𝘁𝗶𝗲𝘀 𝘁𝗵𝗮𝘁 𝗮𝗿𝗲 𝗲𝗮𝘀𝗶𝗹𝘆 𝘃𝗲𝗿𝗶𝗳𝗶𝗮𝗯𝗹𝗲, 𝗮𝗻𝗱 𝗳𝗼𝘂𝗻𝗱𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝘁𝗼 𝗶𝘁𝘀 𝗲𝘀𝘀𝗲𝗻𝗰𝗲.

A prime example is 𝗕𝗶𝘁𝗰𝗼𝗶𝗻'𝘀 𝘂𝗻𝗽𝗮𝗿𝗮𝗹𝗹𝗲𝗹𝗲𝗱 𝗱𝗲𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻. It stands as the 𝘰𝘯𝘭𝘺 form of money that is not controlled by any single entity. This was tested and proven during the 2017 Block Size Wars, where user consensus prevailed over the largest miners, wealthiest exchanges, and most influential thought leaders in the Bitcoin space at the time. 𝘕𝘰 𝘰𝘵𝘩𝘦𝘳 𝘤𝘳𝘺𝘱𝘵𝘰𝘤𝘶𝘳𝘳𝘦𝘯𝘤𝘺 𝘤𝘢𝘯 𝘤𝘭𝘢𝘪𝘮 𝘴𝘶𝘤𝘩 𝘷𝘦𝘳𝘪𝘧𝘪𝘢𝘣𝘭𝘦 𝘥𝘦𝘤𝘦𝘯𝘵𝘳𝘢𝘭𝘪𝘻𝘢𝘵𝘪𝘰𝘯, making any good attributes they may have vulnerable to change.

Another concrete fact is 𝗯𝗶𝘁𝗰𝗼𝗶𝗻'𝘀 𝗳𝗶𝘅𝗲𝗱 𝘀𝘂𝗽𝗽𝗹𝘆 𝗰𝗮𝗽 𝗼𝗳 𝗷𝘂𝘀𝘁 𝘂𝗻𝗱𝗲𝗿 𝟮𝟭 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗰𝗼𝗶𝗻𝘀. This scarcity is hardcoded, and can’t change without everyone agreeing to debase their own savings, thus ensuring that 𝘦𝘢𝘤𝘩 𝘣𝘪𝘵𝘤𝘰𝘪𝘯 𝘢𝘭𝘸𝘢𝘺𝘴 𝘳𝘦𝘱𝘳𝘦𝘴𝘦𝘯𝘵𝘴 𝘰𝘯𝘦 𝘵𝘸𝘦𝘯𝘵𝘺-𝘰𝘯𝘦 𝘮𝘪𝘭𝘭𝘪𝘰𝘯𝘵𝘩 𝘰𝘧 𝘵𝘩𝘦 𝘵𝘰𝘵𝘢𝘭 𝘴𝘶𝘱𝘱𝘭𝘺. This scarcity principle is a key non-speculative characteristic that underpins its value, independent of market price.

Moreover, 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗲𝗻𝗮𝗯𝗹𝗲𝘀 𝗶𝗻𝘀𝘁𝗮𝗻𝘁, 𝗽𝗿𝗶𝘃𝗮𝘁𝗲, 𝗮𝗻𝗱 𝘂𝗻𝗰𝗲𝗻𝘀𝗼𝗿𝗮𝗯𝗹𝗲 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀, making it inherently resistant to control or interference from governments, banks, or military forces. This freedom of transactability is a tangible attribute, not subject to speculation, and upholds the principles of liberty and autonomy.

While Bitcoin's price may be a playground for speculators who don’t yet understand what they’re trading, 𝘪𝘵𝘴 𝘮𝘦𝘳𝘦𝘭𝘺 𝘵𝘩𝘦 𝘵𝘪𝘱 𝘰𝘧 𝘵𝘩𝘦 𝘪𝘤𝘦𝘣𝘦𝘳𝘨 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘳𝘦𝘢𝘭𝘭𝘺 𝘪𝘴. Its true value lies in its foundational properties: decentralization, fixed supply, and censorship resistance. 𝗧𝗵𝗲𝘀𝗲 𝗾𝘂𝗮𝗹𝗶𝘁𝗶𝗲𝘀 𝗮𝗿𝗲 𝗰𝗲𝗿𝘁𝗮𝗶𝗻, 𝘃𝗲𝗿𝗶𝗳𝗶𝗮𝗯𝗹𝗲, 𝗮𝗻𝗱 𝗳𝗮𝗿 𝗺𝗼𝗿𝗲 𝘃𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝘁𝗵𝗮𝗻 𝗮𝗻𝘆 𝗺𝗼𝗻𝗲𝘁𝗮𝗿𝘆 𝗽𝗿𝗶𝗰𝗲. Hence, bitcoin is arguably the 𝘭𝘦𝘢𝘴𝘵 speculative asset in history, with its value rooted in absolute, immutable principles.



Next time you hear someone say that bitcoin is a speculative asset, 𝗦𝗵𝗮𝗿𝗲🔄 this with them.

Remember to 𝗟𝗶𝗸𝗲🤙 and 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 this, too!

What are some other verifiable qualities of Bitcoin that require no speculation?
Tell me in the 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️