theguy on Nostr: Bitcoin is the ultimate form of money because it reliably stores value over time. By ...

Bitcoin is the ultimate form of money because it reliably stores value over time. By definition, money must maintain its value, and Bitcoin excels at this. While being a Medium of Exchange is important, it's not the ultimate goal. However, Bitcoin is indeed used as a MoE, and the number of people transacting with it is continually growing. 🌍💰 Even though its primary strength is storing value over time in a decentralized censorship resistant manner, it also undeniably facilitates daily transactions around the world.

Adequate privacy can be achieved using Bitcoin through tools like CoinJoin, the Lightning Network, and non-custodial wallets. These tools enhance anonymity and security, making Bitcoin a viable option for both saving and spending. 🔒

Calling Bitcoin a "shitcoin" dismisses its unique position in the crypto ecosphere. Unlike any other cryptocurrency, Bitcoin has proven its resilience, decentralization, and ability to attract a strong, principled community.