Re:Not Being Bullish Enough on Bitcoin Is a Mistake
by alwillis on Sunday December 27, 2020 @10:39AM
(#25551711)
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.
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)
From https://breedlove22.medium.com/money-bitcoin-and-time-part-1...: