Yzer on Nostr: Why is Bitcoin so valuable? As a commodity, it has unique properties that no other ...
Why is Bitcoin so valuable?
As a commodity, it has unique properties that no other asset possesses, which makes it the most certain store of value.
1⃣ It’s a bearer asset. There’s no counterparty risk. And we’ve seen how important this is.
2⃣ It’s transparent and certain, Everyone can audit the #Bitcoin network; and its characteristics are encoded & immutable. You know exactly how it will behave.
3⃣ It's digital, which makes it:
a) Portable: You can move it around across the world in your pocket.
b) Divisible: You can use fractions of it, with no additional efforts.
c) No need for physical proximity: You can exchange #Bitcoin globally.
d) Does not require storage, holding cost are almost 0.
4⃣ It cannot be censored.
Bitcoin is the only asset which cannot be censored or confiscated.
Possible because it has no storage requirement (unlike gold) it has no single point of failure.
Recall the Gold Reserve Act of 1934 🧐
As a commodity, it has unique properties that no other asset possesses, which makes it the most certain store of value.
1⃣ It’s a bearer asset. There’s no counterparty risk. And we’ve seen how important this is.
2⃣ It’s transparent and certain, Everyone can audit the #Bitcoin network; and its characteristics are encoded & immutable. You know exactly how it will behave.
3⃣ It's digital, which makes it:
a) Portable: You can move it around across the world in your pocket.
b) Divisible: You can use fractions of it, with no additional efforts.
c) No need for physical proximity: You can exchange #Bitcoin globally.
d) Does not require storage, holding cost are almost 0.
4⃣ It cannot be censored.
Bitcoin is the only asset which cannot be censored or confiscated.
Possible because it has no storage requirement (unlike gold) it has no single point of failure.
Recall the Gold Reserve Act of 1934 🧐