Bitcoin's role as a digital currency is evolving, with new applications and use cases emerging from "summary" of The Bitcoin Standard by Saifedean Ammous
Bitcoin's role as a digital currency has been gradually expanding beyond its initial purpose of facilitating peer-to-peer transactions. As the technology matures and gains wider adoption, new applications and use cases are emerging that go beyond simple payments. One such application is the use of Bitcoin as a store of value, similar to gold. Gold has been used for centuries as a reliable store of wealth due to its scarcity and durability. Bitcoin shares some of these qualities, such as a fixed supply cap of 21 million coins and its decentralized nature. This has led some investors to view Bitcoin as a digital alternative to gold, especially in an increasingly digital world. Another emerging use case for Bitcoin is as a hedge against inflation and currency devaluation. With c...
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