Bitcoin is Different

Bitcoin is crypto, but crypto is not Bitcoin. Bitcoin is different. Bitcoin is a cryptocurrency, but its unique combination of features distinguishes it from any other cryptocurrency or money in human history.

Bitcoin is a digital currency recorded on a blockchain ledger available to any person, at any time, anywhere in the world. Bitcoin enables you to transfer money person-to-person on a decentralized network securely without involving a bank or institution. Bitcoin's protocol enables freedom to continue across a digital terrain.

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Bitcoin is Scarce. There will only ever be 21 million Bitcoin, as it is a property of Bitcoin's protocol design. Bitcoin is a fixed money supply and its scarcity is its most important feature and integral to its value. Bitcoin's consensus protocol affirms the number cannot be manipulated and ensures its scarcity and integrity.

Bitcoin is Decentralized. Bitcoin is not owned by any one person or controlled by any central power, but is verifiable by everyone. It is a computer protocol which is decentralized across one million individual miners spread across the globe and can be verified by anyone with a computer. No government or central authority can increase its supply, change it's protocol, or dilute its shares.

Bitcoin is Available. Bitcoin is available 24/7/365. Bitcoin is not limited by banking hours which are closed about 75% of the hours in a year. Bitcoin can confirm transactions 365 days per year at any hour of the day. A few weeks ago in early August, Japan unexpectedly raised their interest rates on a Sunday when traditional banks and monetary systems were closed. Traders around the world were able to buy and sell Bitcoin and offset their losses. Because Bitcoin is always available, anyone can buy and sell their Bitcoin anytime of the day or night.

Bitcoin is Portable and Accessible. Bitcoin is international and does not care about borders. Bitcoin can cross any border, any number of times with little or no fees. This unique feature enables people in developing nations to receive payments from family quickly without high fees. It allows refugees to store value and safely move anywhere in the world with their savings intact.

Bitcoin is Inflation Resistant. Bitcoin is infinitely divisible, but can not be multiplied or printed. Bitcoin enables you to store the value of your hard work without inflation. Bitcoin is inflation resistant unlike other fiat currency. Bitcoin has historically outperformed inflation and is resistant to inflation unlike cash and money markets.

"On average if you're a wage earner, your basically on a treadmill because every year you have to get a raise to keep up with inflation." — Lyn Alden

Until the FED stops printing new paper money, there is no way to reduce inflation. Essentially, you have to work more in order to live at the same lifestyle. When a central bank increases the amount of currency supply, it leads to inflation and the value of the dollar is decreased. You have the same amount of money in your paycheck, but you can't buy as many groceries as before. The higher the inflation, the higher the burden it puts on the wage earner who inevitably has to earn more just to keep their buying power at the same level. Bitcoin's inherent inflation resistance makes it the best performing monetary asset for the individual and also a superior treasury asset for businesses.

Bitcoin is Censorship Resistant. As much as Bitcoin is a digital monetary system, it is even more importantly a freedom protocol. In a digital world, your transactions are your voice and your transactions are your identity. Bitcoin's protocol protects your privacy by protecting your transactions.

Bitcoin ensures free speech and its encoded protocol prevents institutions, governments or corporate power from silencing you. Governments and centralized parties cannot surveil your transactions or freeze your money if they disagree with you.

Among the many cryptocurrencies, Bitcoin is the only mathematically verifiable scarce digital currency system with a decentralized protocol. Bitcoin's decentralized system disseminates control through a peer-to-peer network of independent nodes across the world.

Bitcoin's power is shared among millions of independent nodes and has the potential to continue freedom and privacy for you and your children across the digital terrain. In a digitally interconnected future, Bitcoin ensures your freedom to live, freedom to transact, and freedom to speak without retribution.

"Bitcoin is the best money in human history." — Jack Mallers

Understand Bitcoin better with a list of key videos and resources for learning about Bitcoin, read my article "Learn Bitcoin Basics."

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