5 sats \ 0 replies \ @TopEdged 15 Oct 2022 \ on: Why Bitcoin? Let's hear your 30 second elevator pitch bitcoin
Any currency has 3 functions - store of value, unit of account and a medium of exchange. Whether it be the dollar, euro, bitcoin, any piece of paper or even tulips can perform the last two functions. The issue with regular currency is with the first function. The value of currency is subject to centralized control essentially reducing the worth of your earnings and assets over time. Right to Property is an established human right. Ensuring that your property and earnings holds value and the value isn't subject to the whims and fancies of an external agent is key to maintaining personal liberties. This is where Bitcoin comes in. It's deflationary and decentralized by design. It promotes financial inclusion and is disruptive and cuts across borders. It has a revolutionary potential and it solves the fundamental problems of today's floating currencies