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2023-04-04 13:05:39

sanjna_connect on Nostr: #Bitcoin is an optimized version of #Gold. 🥇 Gold is valuable as an asset because ...

#Bitcoin  is an optimized version of #Gold. 🥇

Gold is valuable as an asset because of its scarcity and ownership characteristics. BUT...that's not enough to be a strong medium of exchange.

⚡️#Bitcoin  has all that and more ⚡️

1) Shared Characteristics:

👉Bearer Asset
👉Limited Supply
👉Decentralized / asset without an issuer

2) Bitcoin specific:

âś…Portability - Because of its digital nature, Bitcoin can be moved around.

âś…Divisibility - Can be split into infinite parts and exchanged independently.

✅No storage requirement - Gold reintroduces counter-party risk, because it can’t be individually stored at scale, it must be kept with a third party.

âś…Censorship resistant - Bitcoin is immune to attacks.

âś…Auditable & Predictable - The network is open-sourced, can be audited, and has absolute predictability.
Author Public Key
npub15trvcfw7kkfv8phgra8k7fa7pfryw7dssx0r837uqp7mn2zxj88shz68x7