NOT A “CRYPTOCURRENCY”

Bitcoin is not competing with the dollar. It’s not a currency. Noting that the definition of “currency” is: a system of money in general use in a particular country. Hence the word “current” as the root, meaning “of the country you currently reside in.”

“Cryptocurrency” is the worst term, because legally, it’s not a currency. ‘Crypto money’ is an intellectual term, but the problem is most people equate money with currency, and so they come down to the same cognitive traps. “Digital Property” is more accurate when describing Bitcoin.

“Crypto” refers to “cryptocurrency” or centralized fiat tokens. #Bitcoin is not a currency because it is decentralized. Currency is controlled. #Bitcoin cannot be controlled by anyone.

“Being open source means anyone can independently review the code. If it was closed source, nobody could verify the security. I think it’s essential for a program of this nature to be open source.” – Satoshi Nakamoto

#FiatKiller #FreedomOfSpeech #SelfCustody