Bitcoin News
By James Thorp
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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.
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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.
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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.
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Bitcoin now has gained recognition as a store of value (SOV) among institutions and retail investors alike.
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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.
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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…
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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.
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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…
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Decentralized and open-source projects should not have developer worship. And, this is true with Bitcoin.
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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.
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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.
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