0 sats \ 1 reply \ @NorthKoreanHostage 12 Dec 2022 \ on: @00's bio bitcoin
https://armantheparman.com/why-bitcoin-only/
Please read this
Thank you for sharing that video. It is so exciting to learn about the potential of Bitcoin as an investment and store of value. These are some of the things this video taught me. In recent years, Bitcoin has gained widespread recognition as a digital currency that allows people to make transactions quickly, securely, and with minimal fees. But Bitcoin has the potential to be much more than just a digital currency. It has the potential to disrupt traditional financial systems and provide a more stable, reliable, and secure way to store and transfer wealth.
One of the key advantages of Bitcoin over gold is its limited supply. Unlike gold, which can be mined and produced indefinitely, the total supply of Bitcoin is capped at 21 million. This means that the value of Bitcoin is not subject to inflation, as it is with gold and other traditional forms of money. In fact, many people view Bitcoin as a "hard" currency, similar to gold, because it is not subject to the same economic forces that affect traditional fiat currencies.
Another advantage of Bitcoin over gold is its divisibility. Because Bitcoin is digital, it can be divided into tiny fractions, known as "satoshis," which makes it possible to transact with very small amounts of money. This makes it a more versatile and useful form of money than gold, which is difficult to divide into small units.
But perhaps the biggest advantage of Bitcoin over gold is its security. Because Bitcoin is based on blockchain technology, it is virtually impossible to counterfeit or double-spend. This makes it a much more secure form of money than gold, which is subject to theft and fraud. In addition, because Bitcoin is decentralized and not controlled by any government or financial institution, it is not subject to the same political and economic risks as gold.
So if you're looking for a more stable, secure, and versatile way to store and transfer wealth, consider investing in Bitcoin. It may not be as shiny or glamorous as gold, but it has the potential to be a much more powerful and reliable form of money.
reply