𝗕𝗶𝘁𝗰𝗼𝗶𝗻, 𝗡𝗼𝘁 𝗖𝗿𝘆𝗽𝘁𝗼

But wait…isn’t Bitcoin a 𝙘𝙧𝙮𝙥𝙩𝙤currency?

Technically, yes, but while Bitcoin is the name of a specific currency, crypto is a broad category of gambling tokens that number into the tens of thousands, and have become well-known for their pump-n-dumps, vaporware, and fraud.

Other than a few superficial technical similarities, 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗻𝗱 𝗰𝗿𝘆𝗽𝘁𝗼 𝗵𝗮𝘃𝗲 𝙣𝙤𝙩𝙝𝙞𝙣𝙜 𝗶𝗻 𝗰𝗼𝗺𝗺𝗼𝗻.

I’ll explain more below⬇️

#Bitcoin differs fundamentally from cryptocurrencies in a few key ways:

𝟭. 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗶𝘀 𝗗𝗲𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗲𝗱

That word has lost almost all its meaning, thanks to crypto promoters, but 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗶𝘀 𝘁𝗵𝗲 𝗼𝗻𝗹𝘆 𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆, 𝘄𝗵𝗲𝘁𝗵𝗲𝗿 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗼𝗿 𝘁𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹, 𝘁𝗵𝗮𝘁 𝗼𝗽𝗲𝗿𝗮𝘁𝗲𝘀 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝗮 𝗰𝗲𝗻𝘁𝗿𝗮𝗹 𝗹𝗲𝗮𝗱𝗲𝗿 𝗼𝗿 𝗴𝗿𝗼𝘂𝗽 𝗼𝗳 𝗹𝗲𝗮𝗱𝗲𝗿𝘀. Its users do not need to place trust in anyone, making it truly peer-to-peer and resistant to censorship or control.

In contrast, cryptos are centrally controlled, and were created to make quick profits for their creators or early investors at the expense of later investors. They rely on hype and speculation, so they're essentially only used for gambling. As the saying goes, "𝘵𝘩𝘦 𝘩𝘰𝘶𝘴𝘦 𝘢𝘭𝘸𝘢𝘺𝘴 𝘸𝘪𝘯𝘴", and this is particularly true for crypto.

𝟮. 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗶𝘀 𝗙𝗿𝗲𝗲𝗱𝗼𝗺 𝗠𝗼𝗻𝗲𝘆

Bitcoin was initially introduced to a group of freedom activists, the cypherpunks. It quickly attracted a community of freedom-loving computer scientists, rather than opportunistic venture capitalists.

For over a year, Bitcoin had no established price and was primarily driven by individuals seeking individual sovereignty, not overnight wealth. 𝘛𝘩𝘪𝘴 𝘭𝘦𝘥 𝘵𝘰 𝘵𝘩𝘦 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵 𝘰𝘧 𝘢 𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘦𝘵𝘩𝘰𝘴 𝘤𝘦𝘯𝘵𝘦𝘳𝘦𝘥 𝘢𝘳𝘰𝘶𝘯𝘥 𝘪𝘯𝘵𝘦𝘨𝘳𝘪𝘵𝘺, 𝘧𝘳𝘦𝘦𝘥𝘰𝘮, 𝘢𝘯𝘥 𝘱𝘦𝘳𝘴𝘰𝘯𝘢𝘭 𝘳𝘦𝘴𝘱𝘰𝘯𝘴𝘪𝘣𝘪𝘭𝘪𝘵𝘺.

𝟯. 𝗕𝗶𝘁𝗰𝗼𝗶𝗻’𝘀 𝗚𝗮𝗺𝗲 𝗧𝗵𝗲𝗼𝗿𝘆

This history created some unique game theory dynamics that set Bitcoin apart from crypto. 𝘉𝘪𝘵𝘤𝘰𝘪𝘯'𝘴 𝘯𝘦𝘵𝘸𝘰𝘳𝘬 𝘦𝘧𝘧𝘦𝘤𝘵, 𝘪𝘯𝘧𝘳𝘢𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘦, 𝘢𝘯𝘥 𝘤𝘰𝘮𝘮𝘶𝘯𝘪𝘵𝘺 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘤𝘢𝘯𝘯𝘰𝘵 𝘣𝘦 𝘳𝘦𝘱𝘭𝘪𝘤𝘢𝘵𝘦𝘥 𝘪𝘯 𝘢𝘯𝘺 𝘤𝘳𝘺𝘱𝘵𝘰.

Conversely, Bitcoin will 𝘯𝘦𝘷𝘦𝘳 adopt the disingenuous characteristics of any crypto, because the enforcers of Bitcoin's code will never compromise its core principles.

Bitcoin stands alone as the only decentralized, trustless, and censorship resistant currency. Its history, community, and game theory dynamics make it 𝗮𝘀 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗳𝗿𝗼𝗺 𝗰𝗿𝘆𝗽𝘁𝗼 𝗮𝘀 𝗮𝘀𝘁𝗿𝗼𝗻𝗼𝗺𝘆 𝗶𝘀 𝗳𝗿𝗼𝗺 𝗮𝘀𝘁𝗿𝗼𝗹𝗼𝗴𝘆.

It's the only “crypto”currency that will survive, because it's the only one that 𝘤𝘢𝘯.

Do you agree? Disagree? Let me know in the 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️

Make sure you 𝗟𝗶𝗸𝗲🤙 and 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 this for quick reference.

And whenever you see someone conflating Bitcoin with crypto, 𝗦𝗵𝗮𝗿𝗲🔄 this with them.