#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.
sanjna_connect / Sanjna M
npub15t…z68x7
2023-04-04 13:05:39
Author Public Key
npub15trvcfw7kkfv8phgra8k7fa7pfryw7dssx0r837uqp7mn2zxj88shz68x7Published at
2023-04-04 13:05:39Event JSON
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"content": "#Bitcoin is an optimized version of #Gold. 🥇\n\nGold is valuable as an asset because of its scarcity and ownership characteristics. BUT...that's not enough to be a strong medium of exchange.\n\n⚡️#Bitcoin has all that and more ⚡️\n\n1) Shared Characteristics:\n\n👉Bearer Asset\n👉Limited Supply\n👉Decentralized / asset without an issuer\n\n2) Bitcoin specific:\n\n✅Portability - Because of its digital nature, Bitcoin can be moved around.\n\n✅Divisibility - Can be split into infinite parts and exchanged independently.\n\n✅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.\n\n✅Censorship resistant - Bitcoin is immune to attacks.\n\n✅Auditable \u0026 Predictable - The network is open-sourced, can be audited, and has absolute predictability.",
"sig": "9fcefb67b9a4b65077718a861aa961e783c6fb8789eb271282fadcd82933324cd9ba7b692e4fdfd4d40cf13003ae12d69c1b4ee6de013590dc4c0bbf0c295880"
}