The Coin Files on Nostr: Intrinsic value is subjective. Over half the world, either unbanked or under ...
Intrinsic value is subjective.
Over half the world, either unbanked or under authoritarian / oppressive regimes, finds immense value in #Bitcoin.
It empowers them to be their own bank. It facilitates global transactions, and therefore enables prosperity over time.
In environments where censorship and confiscation regularly occur, Bitcoin, when properly stored, offers a solid defense against oppressive regimes.
For many facing persistent high inflation, Bitcoin isn’t just an alternative, it’s a necessity. Despite its volatility, it has consistently demonstrated long-term value preservation, unlike devaluing local currencies in such areas.
Precious metals are hard to transport, challenging to use for global commerce, and difficult for the average person to authenticate. Bitcoin is none of these things.
History shows us that gold can be confiscated. Storing large amounts of gold is risky and expensive, leading to reliance on third parties, and as a result, introduces counterparty risk. Look at Lebanon, where bank trust led to devastating losses. Those that held Bitcoin came out unscathed. Bitcoin removes counterparty risk from the equation and can be hidden in plain sight.
The use case is much more apparent outside of the west, but still applicable to it. For many around the globe, Bitcoin's value is not just theoretical. It's a practical, empowering tool, offering financial freedom and security.
Over half the world, either unbanked or under authoritarian / oppressive regimes, finds immense value in #Bitcoin.
It empowers them to be their own bank. It facilitates global transactions, and therefore enables prosperity over time.
In environments where censorship and confiscation regularly occur, Bitcoin, when properly stored, offers a solid defense against oppressive regimes.
For many facing persistent high inflation, Bitcoin isn’t just an alternative, it’s a necessity. Despite its volatility, it has consistently demonstrated long-term value preservation, unlike devaluing local currencies in such areas.
Precious metals are hard to transport, challenging to use for global commerce, and difficult for the average person to authenticate. Bitcoin is none of these things.
History shows us that gold can be confiscated. Storing large amounts of gold is risky and expensive, leading to reliance on third parties, and as a result, introduces counterparty risk. Look at Lebanon, where bank trust led to devastating losses. Those that held Bitcoin came out unscathed. Bitcoin removes counterparty risk from the equation and can be hidden in plain sight.
The use case is much more apparent outside of the west, but still applicable to it. For many around the globe, Bitcoin's value is not just theoretical. It's a practical, empowering tool, offering financial freedom and security.