In terms of what people don’t understand? Probably the absolute scarcity and autonomy you get out of it with no middle man writing the ledger of your transactions
TRain2025 on
Don’t need any bank’s permission to hold and send your own money. Can carry cross borders without anyone knowing. Near instant payments with the lightning network. Likely to increase in value over time.
sunsetreunion on
Scarcity and Immutability are not widely understood outside Bitcoin circles.
ElderMight on
The difficulty adjustment. Most people don’t know about it which is why they assume the security model is bound to fail if many miners go offline. The difficulty adjustment is probably one of the most ingenious features that keeps the whole network working whether hash rate goes up or down.
simple_steps1 on
For me it’s the ability to self-custody. A lot of people focus on price but having full control over your own funds without relying on a third party is a big deal.
dylan6091 on
The difficulty adjustment
cashflashmil on
Probably the fact that nobody can just change the monetary policy on a whim.
People focus on price, but Bitcoin’s biggest strength is that the rules are transparent and hard to bend. That level of predictability is massively underrated
Harleychillin93 on
Cost of custody. Since I bought my ₿ 10 years ago they’ve been on an old phone ever since. Has costed me exaclt 0 dollars to manage/keep/hold/custody. No .1% fee, no annual fee, nothing.
2Ben3510 on
24/7/365 non-stop trading with HUGE liquidity. Strategy can buy 2 Billion BTC in a week without moving the needle. I think a lot of people underestimate the meaning of that. It is what allows governments (Iran today, others in the future) to settle trade outside of the USD. They couldn’t do it of moving millions of USD per day was dramatically impacting the price action.
10 Comments
In terms of what people don’t understand? Probably the absolute scarcity and autonomy you get out of it with no middle man writing the ledger of your transactions
Don’t need any bank’s permission to hold and send your own money. Can carry cross borders without anyone knowing. Near instant payments with the lightning network. Likely to increase in value over time.
Scarcity and Immutability are not widely understood outside Bitcoin circles.
The difficulty adjustment. Most people don’t know about it which is why they assume the security model is bound to fail if many miners go offline. The difficulty adjustment is probably one of the most ingenious features that keeps the whole network working whether hash rate goes up or down.
For me it’s the ability to self-custody. A lot of people focus on price but having full control over your own funds without relying on a third party is a big deal.
The difficulty adjustment
Probably the fact that nobody can just change the monetary policy on a whim.
People focus on price, but Bitcoin’s biggest strength is that the rules are transparent and hard to bend. That level of predictability is massively underrated
Cost of custody. Since I bought my ₿ 10 years ago they’ve been on an old phone ever since. Has costed me exaclt 0 dollars to manage/keep/hold/custody. No .1% fee, no annual fee, nothing.
24/7/365 non-stop trading with HUGE liquidity. Strategy can buy 2 Billion BTC in a week without moving the needle. I think a lot of people underestimate the meaning of that. It is what allows governments (Iran today, others in the future) to settle trade outside of the USD. They couldn’t do it of moving millions of USD per day was dramatically impacting the price action.
Portability