Why is Bitcoin so valuable?
As a commodity, it has unique properties that no other asset possesses, which makes it the most certain store of value.
1⃣ It’s a bearer asset. There’s no counterparty risk. And we’ve seen how important this is.
2⃣ It’s transparent and certain, Everyone can audit the #Bitcoin network; and its characteristics are encoded & immutable. You know exactly how it will behave.
3⃣ It's digital, which makes it:
a) Portable: You can move it around across the world in your pocket.
b) Divisible: You can use fractions of it, with no additional efforts.
c) No need for physical proximity: You can exchange #Bitcoin globally.
d) Does not require storage, holding cost are almost 0.
4⃣ It cannot be censored.
Bitcoin is the only asset which cannot be censored or confiscated.
Possible because it has no storage requirement (unlike gold) it has no single point of failure.
Recall the Gold Reserve Act of 1934 🧐
Yzer
npub12x…c0g2p
2023-03-13 11:10:49
Author Public Key
npub12x7txfpyh9exgs8nrsl7fe4pzhaa82tewkgvvfpdlh75run0rupsuc0g2pPublished at
2023-03-13 11:10:49Event JSON
{
"id": "e4052bba1ab19a4ec3b3d251e7145927b6ef4371387ba8911534c5f6752870fb",
"pubkey": "51bcb32424b9726440f31c3fe4e6a115fbd3a9797590c6242dfdfd41f26f1f03",
"created_at": 1678705849,
"kind": 1,
"tags": [],
"content": "Why is Bitcoin so valuable?\nAs a commodity, it has unique properties that no other asset possesses, which makes it the most certain store of value. \n\n1⃣ It’s a bearer asset. There’s no counterparty risk. And we’ve seen how important this is.\n\n2⃣ It’s transparent and certain, Everyone can audit the #Bitcoin network; and its characteristics are encoded \u0026 immutable. You know exactly how it will behave.\n\n3⃣ It's digital, which makes it: \na) Portable: You can move it around across the world in your pocket.\nb) Divisible: You can use fractions of it, with no additional efforts.\nc) No need for physical proximity: You can exchange #Bitcoin globally.\nd) Does not require storage, holding cost are almost 0.\n\n4⃣ It cannot be censored. \nBitcoin is the only asset which cannot be censored or confiscated. \n\nPossible because it has no storage requirement (unlike gold) it has no single point of failure.\nRecall the Gold Reserve Act of 1934 🧐",
"sig": "348c4d4e4007dcbd527f5b03921a9359a94a572e8bff7c19fff7a088dcaaf890ea47a1315dcc305ba86dc9385e6fb4481d45a995e6ff46866275281e6e5643ea"
}