Xterplex Terloria Slolx on Nostr: in 2009, bitcoin became the first internet-native monetary instrument to gain broad ...
in 2009, bitcoin became the first internet-native monetary instrument to gain broad global
adoption.3 Its technological innovation was the creation of a form of currency that was digitally native,
global, scarce, decentralized and permissionless. Because of these attributes, it produced major
breakthroughs to multiple centuries-old problems that other forms of money have struggled with:
1) Bitcoin’s hard-coded supply cap at 21 million units means it cannot be easily debased.
2) Its global, digitally native nature means it can be transported anywhere in the world at near real-time
at near-zero cost, transcending the frictions long inherent in moving value across political borders.
3) Its decentralized, permissionless nature made it the world’s first truly open-access monetary system. - Blackrock
adoption.3 Its technological innovation was the creation of a form of currency that was digitally native,
global, scarce, decentralized and permissionless. Because of these attributes, it produced major
breakthroughs to multiple centuries-old problems that other forms of money have struggled with:
1) Bitcoin’s hard-coded supply cap at 21 million units means it cannot be easily debased.
2) Its global, digitally native nature means it can be transported anywhere in the world at near real-time
at near-zero cost, transcending the frictions long inherent in moving value across political borders.
3) Its decentralized, permissionless nature made it the world’s first truly open-access monetary system. - Blackrock