3 ms·
Bitcoin meets the basic requirements of money better than anything else that came before it. It's like gold, which has been money for 5,000 years, with teleport
by alwillis 6y ago
Bitcoin meets the basic requirements of money better than anything else that came before it. It's like gold, which has been money for 5,000 years, with teleportation capabilities.
From https://breedlove22.medium.com/money-bitcoin-and-time-part-1-of-3-b4f6bb036c04 https://breedlove22.medium.com/money-bitcoin-and-time-part-1...:
Hardness — resistance to unpredictable supply increases and debasements of value
· Fungibility — units are interchangeable and indistinguishable from one another
· Portability — ease of transporting or transmitting monetary units across distances
· Durability — resistance of monetary units to rot, corrosion or deterioration of value
· Divisibility — ease of subdividing or grouping monetary units
· Security — resistance to counterfeiting or forgery
· Sovereignty — the source of its value, trust factors and permissions necessary to transact with it (natural social consensus or artificial government decree)