I’m meeting someone this morning for coffee and they’re bitcoin-curious. Whenever I have these chats there’s often the Q: “What exactly is #bitcoin ?”
And the answers always sound a bit awkward:
- Internet-native money
- Digital gold
- Money perfected
How would you answer?
You can try to meet them where they're at and see what they know about it. If they only heard some FUD, you can help dispell it. Or if they just have some misunderstandings, you can clear it up.
But to me, Bitcoin is digital property that is stable, secure, and trustworthy. Stable because it ticks along block after block with no deviation. Secure because you can hold your keys offline with traditional security practices. And trustworthy because you are in control of your funds without having to trust that someone isn't cheating you.
FREEDOM MONEY.
NOT CONTROLLED BY ANY PERSON, COMPANY, OR GOVERNMENT.
SPEND OR SAVE WITHOUT PERMISSION.
PURCHASING POWER SHOULD INCREASE WITH ADOPTION.
The title of the white paper is pretty straight forward
Scarce money that nobody can create more of.
Hello-
As a beginner btcer, I do treat it as a currency, just as $ or euro yen etc.
It has a hedge against inflation.
"btc is a property" or "gold" are bit vague statements. Probably because I haven't read the recommended books such as "btc standard"
what exactly "property" or "gold" mean is too abstract for me.
