𝗕𝗶𝘁𝗰𝗼𝗶𝗻: 𝗧𝗵𝗲 𝗟𝗲𝗮𝘀𝘁 𝗦𝗽𝗲𝗰𝘂𝗹𝗮𝘁𝗶𝘃𝗲 𝗔𝘀𝘀𝗲𝘁

Nocoiners often brush off #Bitcoin by saying it’s only used for speculation. Obviously, this isn’t true, since many people use bitcoin for everyday transactions.

But what parts of Bitcoin are merely speculative, and what can be known for certain?

Let’s find out👇

While some label Bitcoin as speculative, true speculation within Bitcoin is confined to its 𝗽𝗿𝗶𝗰𝗲, 𝗵𝗮𝘀𝗵𝗿𝗮𝘁𝗲, and 𝘁𝗵𝗲 𝗵𝗮𝘀𝗵 𝗼𝗳 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 𝗯𝗹𝗼𝗰𝗸. These elements are inherently uncertain due to their dependency on external factors such as market sentiment and mining activity.

The Bitcoin protocol itself is 𝗮 𝗯𝗲𝗱𝗿𝗼𝗰𝗸 𝗼𝗳 𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆, underpinned by basic mathematic principles. It ensures reliability and security, dictating how transactions are processed and blocks are added to the timechain, with 𝘯𝘰 𝘳𝘰𝘰𝘮 𝘧𝘰𝘳 𝘢𝘮𝘣𝘪𝘨𝘶𝘪𝘵𝘺 𝘰𝘳 𝘤𝘩𝘢𝘯𝘨𝘦 𝘸𝘪𝘵𝘩𝘰𝘶𝘵 𝘤𝘰𝘯𝘴𝘦𝘯𝘴𝘶𝘴.

𝗕𝗶𝘁𝗰𝗼𝗶𝗻'𝘀 𝗼𝗽𝗲𝗻-𝘀𝗼𝘂𝗿𝗰𝗲 𝗻𝗮𝘁𝘂𝗿𝗲 𝗶𝘀 𝗰𝗲𝗿𝘁𝗮𝗶𝗻, and ensures its code is publicly auditable and transparent. Changes require consensus, which aligns its evolution with each user’s interests. This immutable characteristic is foundational to Bitcoin's trust and integrity.

Block production is remarkably consistent, with a new block found roughly every ten minutes. This cadence, governed by the protocol's predictable difficulty adjustment, 𝘦𝘯𝘴𝘶𝘳𝘦𝘴 𝘯𝘦𝘵𝘸𝘰𝘳𝘬 𝘴𝘵𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘢𝘯𝘥 𝘱𝘳𝘦𝘥𝘪𝘤𝘵𝘢𝘣𝘪𝘭𝘪𝘵𝘺, irrespective of the mining power applied.

The halving schedule, cutting the block subsidy in half approximately every four years, is hardcoded into Bitcoin. This ensures a 𝘱𝘳𝘦𝘥𝘪𝘤𝘵𝘢𝘣𝘭𝘦 decrease in new supply, leading to a total of just under 21 million bitcoin.

This 𝙖𝙗𝙨𝙤𝙡𝙪𝙩𝙚 𝙡𝙞𝙢𝙞𝙩 of bitcoin is a verifiable certainty that underpins its value proposition as a disinflationary asset. Unlike government fiat currencies and even the rest of the crypto market, 𝗕𝗶𝘁𝗰𝗼𝗶𝗻'𝘀 𝘀𝘂𝗽𝗽𝗹𝘆 𝗰𝗮𝗻𝗻𝗼𝘁 𝗯𝗲 𝗶𝗻𝗳𝗹𝗮𝘁𝗲𝗱 𝗮𝘁 𝘁𝗵𝗲 𝘄𝗵𝗶𝗺 𝗼𝗳 𝗮 𝗰𝗲𝗻𝘁𝗿𝗮𝗹 𝗮𝘂𝘁𝗵𝗼𝗿𝗶𝘁𝘆, thus preserving its purchasing power over time.

Bitcoin's decentralization is also not a matter of speculation, 𝘢𝘴 𝘪𝘵 𝘩𝘢𝘴 𝘣𝘦𝘦𝘯 𝘵𝘦𝘴𝘵𝘦𝘥 𝘢𝘯𝘥 𝘵𝘳𝘪𝘦𝘥 𝘰𝘯 𝘮𝘶𝘭𝘵𝘪𝘱𝘭𝘦 𝘰𝘤𝘤𝘢𝘴𝘪𝘰𝘯𝘴. Its distributed ledger and consensus mechanisms prevent any single entity from controlling the network, thus making it resistant to censorship and manipulation.

Censorship resistance is a 𝘧𝘰𝘶𝘯𝘥𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘳𝘦𝘢𝘭𝘪𝘵𝘺 in Bitcoin. Its peer-to-peer architecture allows transactions to occur without the need for intermediary approval, safeguarding freedom of payment across the globe.

Bitcoin's unconfiscatability is certain, and stems from its cryptographic security. 𝗢𝗻𝗹𝘆 𝘁𝗵𝗼𝘀𝗲 𝗶𝗻 𝗽𝗼𝘀𝘀𝗲𝘀𝘀𝗶𝗼𝗻 𝗼𝗳 𝗽𝗿𝗶𝘃𝗮𝘁𝗲 𝗸𝗲𝘆𝘀 𝗰𝗮𝗻 𝗰𝗼𝗻𝘁𝗿𝗼𝗹 𝘁𝗵𝗲𝗶𝗿 𝗯𝗶𝘁𝗰𝗼𝗶𝗻, making it immune to seizure by authorities or third parties.

Each of these aspects of Bitcoin is dictated by 𝘶𝘯𝘤𝘩𝘢𝘯𝘨𝘦𝘢𝘣𝘭𝘦 𝘤𝘰𝘥𝘦 𝘢𝘯𝘥 𝘤𝘰𝘯𝘴𝘦𝘯𝘴𝘶𝘴 𝘳𝘶𝘭𝘦𝘴, and are not a matter of speculation. They form the foundation of Bitcoin's value proposition as a decentralized, secure, and predictable digital currency, and 𝗮𝗿𝗲 𝘃𝗲𝗿𝗶𝗳𝗶𝗮𝗯𝗹𝗲 𝗯𝘆 𝗮𝗻𝘆𝗼𝗻𝗲 𝘄𝗵𝗼 𝗰𝗵𝗼𝗼𝘀𝗲𝘀 𝘁𝗼 𝗹𝗼𝗼𝗸 𝗰𝗹𝗼𝘀𝗲𝗹𝘆 𝗲𝗻𝗼𝘂𝗴𝗵.

𝗦𝗵𝗮𝗿𝗲🔄 with anyone who thinks that Bitcoin is merely a speculative asset, give it a 𝗟𝗶𝗸𝗲🤙, and 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 it for later.

How else is Bitcoin 𝘯𝘰𝘵 speculative?

Let me know in the 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️