How Bitcoin Can Change Everything

Bitcoin is a decentralized digital currency that has taken the world by storm since its inception in 2009. It is a digital asset that operates independently of any central bank or government. It is a form of payment that is under the control of no single entity, similar to gold as a money, yet programmed to be ultimately scarce. The total supply of bitcoin that enters the system is limited and as the year goes by pushes down to 0.

One of the key features of Bitcoin is that it is decentralized, meaning that the rules which govern the way it functions can only be changed when it is reached by consensus. These rules are ran by nodes around the world. they are so dispersed and are present from different cultures and backgrounds. It's impossible to change the core tenants which allow it to be a valuable form of money.

Transactions are recorded on a public ledger known as the blockchain, which is maintained by a network of computers around the world. The blockchain ensures that transactions are secure, transparent, and irreversible.

Another key feature of Bitcoin is its limited supply. There will only ever be 21 million bitcoins in circulation, which gives it a unique advantage over traditional currencies like the US dollar, which can be printed endlessly. This limited supply has led to Bitcoin being seen as a store of value, similar to gold.

Bitcoin has gained popularity as an investment asset over the years, with some investors seeing it as a hedge against inflation and economic instability. The price of Bitcoin is known for its volatility, which means that it can fluctuate rapidly in short periods of time. This volatility has attracted both investors and speculators to the market. This form of looking at it as an asset is the first step before using it as money.

There are a few ways to buy and store Bitcoin. You can only attain bitcoin by either mining it or attaining it from someone else, whether by providing a service or good.

Bitcoin incentivizes saving, entrepreneurship and a long term horizon outlook. The money we use determines our actions. If we cannot save because of the dilution of the purchasing power of our currency we are incentivized to take out debt and spend the money as soon as we have it.

This affects every entity and their outlook of the world. Bitcoins characteristics are more natural and human, representing the scarce time that humans have in the world. Our use of bitcoin will allow for a more harmonious society and clearer heads.