Bitcoin Is The Best Money People Have Ever Used
31 reasons to be a Bitcoin user
Imagine receiving your salary every day and then running to the stores at night to get rid of it before the prices go up.
On the BBC, a man in Zimbabwe carrying a wheelbarrow full of money to the bakery was asked if he was afraid that the money might be stolen. He says no, but he is afraid of the wheelbarrow, which is worth more than the money it contains.
I read the following book: "When Money Destroys Nations: How Hyperinflation Ruined Zimbabwe, How Ordinary People Survived, and Warnings for Nations that Print Money ·
The reasons for hyperinflation are always the same. And if you believe the public broadcaster's argument that inflation has nothing to do with the expansion of the money supply, then scroll through the charts here.
By the way, the money in your bank account doesn't belong to you and doesn't really exist.
Many people are learning this lesson the hard way. The current banking crisis can be adequately explained in 3 words: Fractional Reserve Banking.
Bitcoin is the invention of absolute digital scarcity
Michael Saylor commented on the banking crisis:
"Bitcoin is a bank that cannot lend, invest, gamble, dilute, degrade, freeze or confiscate its assets. It works all the time, anywhere in the world, and is unstoppable."
In principle, it's very simple: money should be rare, divisible, mobile, verifiable, exchangeable, durable, and resistant to censorship. Bitcoin is that, everything else is not.
Bitcoin offers all the advantages of gold but without the disadvantages.
Bitcoin offers all the advantages of money but without the disadvantages.
Bitcoin offers all the advantages of PayPal but without the disadvantages.
Bitcoin offers all the advantages of CBDCs but without the disadvantages.
31 reasons to use Bitcoin
#1
Bitcoin is the best money people have ever used. Stones, shells, salt, pearls, animals, metals, and paper were used as money. But only Bitcoin combines all the properties of good money: rarity, divisibility, mobility, verifiability, longevity, interchangeability, and resistance to censorship.
#2
Bitcoins can't be created out of thin air, like fiat money. It takes energy and time.
#3
One Bitcoin will always be part of a maximum of 21 million pieces. No other asset can guarantee this scarcity.
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