rajatsonifnance on Nostr: Bitcoin is revolutionary because it's the first form of money that can perform 3 ...

Bitcoin is revolutionary because it's the first form of money that can perform 3 functions:

- Store of value

- Medium of exchange

- Unit of account

Fiat (government-issued) currencies were born because gold is not portable, so it was difficult to use as a medium of exchange.

Gold only works with centralized third parties. Instead of having to move gold from one place to another, paper money that represented gold gave us the ability to transact quickly and efficiently.

Fiat money forces everyone to invest in real estate and stocks to store value for the future because there's no limit to the amount that can be created. Every fiat currency has failed in the past due to greed from the people issuing it.

Since Bitcoin has a limited supply, we are moving to a world where all other goods (including stocks and real estate) will always decrease in value in terms of BTC.

With Bitcoin, you're not required to take other risks (like counterparty risk when it comes to stocks, or the risk of natural disaster when it comes to real estate).

You hold one asset that you can use to store, transfer, and account for value.

1 USD ≠ 1 USD 10 years from now because there's no limit to the supply of USD.

1 BTC = 1 BTC 1,000 years from now because the Bitcoin network will not produce any more BTC after 21,000,000 are issued.