Bitcoin, as Dan Held opines, came into the world during the 2008 financial crisis when the trust factor which kept running the world was lost.
He points to how the history of fiat currency is filled with stories of breaches of trust and how trust was a very important factor in making fiat work.
Held also points to how Satoshi ensured that the launch of Bitcoin was fair. There was no pre-mine as Satoshi did not grant himself any coins. The coins did not have value for nearly 1.5 years and were circulated freely. Satoshi never cashed out.
Bitcoin now has gained recognition as a store of value (SOV) among institutions and retail investors alike. Investors can understand the Store of Value benefits of Bitcoin when compared to gold, real estate, bonds, equities, broad money, fine art, and collectibles.
Though it sounds like Store of Value is just one thing, BTC actually covers up the entire umbrella of the Total Addressable Market possible in terms of a store of value.
Bitcoin is unbeatable in that its supply is fixed, and the transactions are immutable. No transaction has been reversed, or every will be reversed due to the decentralized nature of the protocol. It is absolutely a protocol thing. No change was made/can be made to the protocol ever – either after now, before, or anytime ever.
When the economy scales, and there is a need for a fixed unit of account to compare value, BTC will serve as the fixed unit of account.
Also, there is no developer worship when it comes to the Bitcoin Protocol. Also, Satoshi being a pseudonymous/anonymous individual developer worship or developer influence is impossible.
Decentralized and open-source projects should not have developer worship. And, this is true with Bitcoin. There will not be any kind of protocol change hereafter, and if it happens, it will be a fork. Therefore, the Bitcoin blockchain consensus protocol will be the same forever. Purely open source is purely decentralized.
There is no single point failure in Bitcoin. The narrative of Bitcoin has never changed. It has been the same since day 1. There are no changes to the core protocol. Irrespective of what is new in the market, whether about NFTs, Dapps, or DeFi, Bitcoin stays there executing transactions on its original protocol.
Bitcoin is the Pinnacle of immutability, and anyone who knows the importance of well-sustained decentralization and store of value will not talk against BTC.
