https://images.app.goo.gl/ctRsc76mZUGFF4YU9
Currently I think one of the important properties of bitcoin as a property of money is that you can store value and it is available everywhere in the world. It is very portable when you travel all you need is your keys and access to an exchange.
While fiat currency attempts to emulate the storage of real value, it ends up losing what little value it inherently had through constant inflation. People inevitably will flock to the classical example of money such as gold or perhaps adopt something that may function even better like BTC.
Fiat currencies will tend towards becoming worthless over time due to their inflationary nature (with their unlimited supply currently being increased by the central banks at an accelerated rate due to the economic impact of COVID-19).
In contrast, Bitcoin’s monetary policy is disinflationary, with its supply increasing at a deflationary rate, therefore, its value is most likely to accrue over time due to its hardcoded scarcity, and exponential mining difficulty.
These projected long term gains are further catalysed by its capped total supply of 21 million coins, which will be mined by approximately the year 2140.
At present, many banks are either implementing or discussing negative interest rates, wherein they would be paying you to borrow money, which, on the surface sounds great, but the downside is that savings would depreciate over time.
I know which option I’m choosing, and it’s not the banks…
This meme communicates its medium of exchange in which it is widely accepted, portable, divisible and can be carried in you pocket via smart wallet/hardwallet.
Most important part of hodling bitcoins - education! Don’t trust, verify.
Bitcoin has many similar and yet very different characteristics to traditional fiat currency. Bitcoin has value because people believe it has value due to these unique characteristics.
Dont know if going to show image afyer i post it, but basically p.o.w. so you cant print like FIAT as you want AND and keeping network safe.
Proof of work - It cost energy/money/time to create Bitcoin, you can not simply update a ledger or write an IOU to make more Bitcoin.
The immutability of Bitcoin and the the fact that all transactions are public and traceable should in theory encourage people, corporations and governments to do the right thing but even if they don’t use Bitcoin they should do the right thing anyway!
Freedom, transparency, no more traditional banks in near future.
A Store value
The images tells why Bitcoin is so important and different. You alone are in control of your Bitcoin.
https://external-preview.redd.it/ReKpm5dtp7PF1QJwHYnZjDFf0mR4lLGEAQ7CNEwDSgU.png?s=ba1f1ab6e3fb8e7760c829adea376cf5d675f6cb
it promotes the proof of work which is assured by blocks…this guy is my projection…
Bitcoin has created an alternative economic model bringing transparency to the game.
https://memes.com/m/n04pgeZXW-Q
https://cdn.memes.com/up/87288231582375475/i/1586972795851.jpg
Soon the struggles faced by the miners, coders, traders, and everyone in crypto will pay off for everyone.
