thomas_fahrer on Nostr: #Bitcoin is the People’s Money; it is a valuable commodity that has developed, on ...
#Bitcoin is the People’s Money; it is a valuable commodity that has developed, on the free market because it is infinitely HARD MONEY.
The hard-money status of Bitcoin stems from its scarcity. Its production is challenging and costly, and this difficulty grows exponentially over time. Today, Bitcoin is over 50 trillion times harder to produce than when it was first created.
Proof of work is fundamental to this, and there is nothing in the digital or physical world which can compete with Bitcoin.
Because of this, Bitcoin is slowly but surely absorbing the world's monetary value, and there may come a point when this process accelerates rapidly.
History has taught us an inescapable lesson: it's impossible to shield yourself from the impact of others owning money that is harder than yours.
If you don't own Bitcoin, how will your wealth stand up to the hardest money in existence?
The hard-money status of Bitcoin stems from its scarcity. Its production is challenging and costly, and this difficulty grows exponentially over time. Today, Bitcoin is over 50 trillion times harder to produce than when it was first created.
Proof of work is fundamental to this, and there is nothing in the digital or physical world which can compete with Bitcoin.
Because of this, Bitcoin is slowly but surely absorbing the world's monetary value, and there may come a point when this process accelerates rapidly.
History has taught us an inescapable lesson: it's impossible to shield yourself from the impact of others owning money that is harder than yours.
If you don't own Bitcoin, how will your wealth stand up to the hardest money in existence?