Sabitlenmiş Tweet

What makes Bitcoin special? What are you buying when you buy Bitcoin?
- You are buying sound money in the form of digital property .
- Your property ownership rights, if you hold your private keys, sign your digital property verifying that you are the owner. It is logged on a cryptographically immutable ledger, consensus enforced, on the most resilient, secure , decentralized network that the world has ever known. That makes it special.
- It cannot be silently taxed via inflation. I.e. it cannot be inflated away due to a programmatically enforced monetary policy. The policy enforces a max 21 million coin supply. True scarcity. That makes it special.
- You are getting your piece of digital property that consists of 2.1 quadrillion bits that make up the 21 million coins. More than enough liquidity for 8 billion Earthlings, but it can't be printed out of thin air by a central authority. There is no central authority in Bitcoin, only source code run by nodes. That makes it special.
- The monetary policy is predictable until 2140 with an incentive structure put in place to entice miners to mine thus securing the network. That makes it special.
- The fact that the monetary policy is deflationary, via a halving schedule programmatically enforced , makes it special.
- It has the network effect of being the first digital coin that actually worked , solved the Byzantine General's problem and is still going, and was decentralized worldwide before it could be stopped.
That makes it special.
- The current block size makes it so the entire block chain can be downloaded and run on your own node. That makes it special.
- The fact that there is a massive bounty out for someone to be able to hack it....and its never been hacked, makes it by definition, the most secure network in the world. That along with its ~17k decentralized nodes also makes it unable to be co-opted by any government, company, or the uber rich. That makes it special.
- The fact that it has run for 15 years with 99.9999% uptime makes it the most resilient network in the world. That makes it special.
Bitcoin is very very special. It has no venture capitalist backers, Satoshi created it, gifted it to the world and - walked away -. Satoshi was brilliant and visionary.
English




















