BitcoinETF on Nostr: 8. You don't need permission to spend your money. You don't have to pay someone to ...

8. You don't need permission to spend your money. You don't have to pay someone to store them. Only you are responsible for everything. No bankers or states can prohibit you from using your money. Only Bitcoin gives you real ownership of the accumulated value.

quoting
note1tju…3c4u

I don't need to understand #Bitcoin thoroughly to understand its value. Everyone has their own priorities and knowledge, but here's what I think:
1. The network is managed by the participants who installed and maintain the nodes. Participants can be institutions, businesses, and ordinary people. All you need is a computer.
2. The network is sufficiently distributed that no single participant can single-handedly influence technical decisions (BIPs) or attack the blockchain.
3. Miners produce blocks using cryptographic calculations, and nothing more. The number and quality of miners are important, but regardless of their number and concentration in any country in the world, the network will continue to operate.
4. In the absence of a different consensus in the community of network participants, only 21 million bitcoins can be mined and this will happen within more than a hundred years. The finite emission of Bitcoin and the brilliant decision to halve it every 4 years make Bitcoin unique and scarce.
5. Bitcoin may well serve as a backing for various assets and currencies, and second-level networks already make it a completely convenient means of payment.
6. The price of Bitcoin, expressed in fiat, has been growing for 15 years. Be that as it may, with the participation of the mentioned L2 networks in the foreseeable future, it is quite likely that any goods and services will be priced in Bitcoin, which will make it not only a speculative commodity and a store of value similar to gold, but also money.
7. Bitcoin has many fans and haters. The former are becoming more and more numerous over time, and the latter are becoming fewer. Those who invest in crypto also come to understand the unique value of Bitcoin over time.

At the moment there is no better alternative.