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Top Reasons to Own Bitcoin

Why is bitcoin freedom money? It is a decentralized, permissionless, peer-to-peer (P2P), global monetary network built via open-source software. These unique qualities offer people of the world monetary benefits we have never had before including:

Bitcoin is freedom money

  1. Censorship-resistant: The Bitcoin network enables the free flow of value, without a middle man acting as the gatekeeper. Your account cannot be confiscated or shut-down by centralized authorities. 

  2. Accessible 24/7: It is borderless, accessible at any time from anywhere in the world, and is available to everyone. 

  3. Privacy: The Bitcoin network promotes privacy and inclusion via anonymous access (no ID requirements). As a result, Bitcoin does not discriminate against ethnicity, age, race, class, gender, political and personal views, or purchasing habits. 

  4. Self-custody: Bitcoin removes counterparty risk by taking control and power away from private companies and government entities – instead offering the ability to self-custody and transact directly with other individuals.

Bitcoin is the greatest store of value ever created

Bitcoin is gold 2.0, built for the borderless internet. The dollar and other fiat currencies can be printed at-will, which enables the perpetual inflation of our money supply and loss of purchasing power. The following Bitcoin properties correct these problems:

  1. Fixed supply: Bitcoin has a fixed supply of 21M bitcoins, which each bitcoin can be divided into 100M Satoshis.

  2. Deflationary: Bitcoin’s supply issuance decreases by 50% every 4 years. 

  3. Pristine: The Bitcoin network operates on rules that can’t be broken, which means it can’t be duplicated or counterfeited. 

  4. Rare and scarce: With 7+ billion people, Bitcoin becomes incredibly rare & scarce, when evenly distributed amongst the global population. 

  5. Storage cost: Assets such as real estate have property taxes and maintenance costs. Bitcoin can be stored on your own personal Bitcoin wallet, cost-free. 

  6. Liquidity: Current markets have countless liquidity barriers such as banking and stock market hours. These barriers prevent access to your stored value at any time from anywhere. In contrast, Bitcoin doesn’t sleep; it trades 24/7. 

  7. Near instant transaction settlement: Current system’s transaction settlement time can be as long as a few days, or even longer when purchasing a house. Bitcoin takes away all of that red tape. Approximately every 10 minutes a new block full of transaction settlements is confirmed on the blockchain. 

  8. No counterparty risk: Bitcoin lets you take “possession” of your own wealth and removes counterparty risk

Bitcoin restores trust

No more “In God We Trust” printed on our money, and relying on faith or hope to fuel the economy.  With Bitcoin, it is “In code we trust”, or “Verify, don’t trust”. Bitcoin is designed to keep everyone honest through:

  1. Transparency: The blueprint of the network is transparently out in the open.

  2. Encryption: Private key encryption ensures that only you will have control over your bitcoin. 

  3. Immutability: The verifiable and immutable public global ledger (aka blockchain) acts as proof of existence, which locks your transaction in a timechain, the Bitcoin chain of timestamped events in history. 

  4. Antifragility: The bitcoin network is incredibly antifragile via the Proof-of-work consensus mechanism (aka bitcoin miners securing the network). Tick tock next block, the timechain dont stop!

  5. Mathematical rules: Bitcoin issuance relies on mathematical rules, while legacy money issuance relies on unproven political, whimsical hopes, or human emotions. 

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