sanjna_connect on Nostr: #Bitcoin is an optimized version of #Gold. 🥇 Gold is valuable as an asset because ...
#Bitcoin is an optimized version of #Gold. 🥇
Gold is valuable as an asset because of its scarcity and ownership characteristics. BUT...that's not enough to be a strong medium of exchange.
⚡️#Bitcoin has all that and more ⚡️
1) Shared Characteristics:
👉Bearer Asset
👉Limited Supply
👉Decentralized / asset without an issuer
2) Bitcoin specific:
âś…Portability - Because of its digital nature, Bitcoin can be moved around.
âś…Divisibility - Can be split into infinite parts and exchanged independently.
✅No storage requirement - Gold reintroduces counter-party risk, because it can’t be individually stored at scale, it must be kept with a third party.
âś…Censorship resistant - Bitcoin is immune to attacks.
âś…Auditable & Predictable - The network is open-sourced, can be audited, and has absolute predictability.
Gold is valuable as an asset because of its scarcity and ownership characteristics. BUT...that's not enough to be a strong medium of exchange.
⚡️#Bitcoin has all that and more ⚡️
1) Shared Characteristics:
👉Bearer Asset
👉Limited Supply
👉Decentralized / asset without an issuer
2) Bitcoin specific:
âś…Portability - Because of its digital nature, Bitcoin can be moved around.
âś…Divisibility - Can be split into infinite parts and exchanged independently.
✅No storage requirement - Gold reintroduces counter-party risk, because it can’t be individually stored at scale, it must be kept with a third party.
âś…Censorship resistant - Bitcoin is immune to attacks.
âś…Auditable & Predictable - The network is open-sourced, can be audited, and has absolute predictability.