Bitcoin is a form of sound money from "summary" of The Fiat Standard by Saifedean Ammous
Bitcoin is a form of sound money. But what does it mean for money to be sound? Sound money is money that is reliable, predictable, and resistant to manipulation. It is money that holds its value over time and cannot be debased by central authorities. Sound money is money that is scarce, durable, divisible, and easily transportable. Sound money is money that is difficult and costly to produce, which prevents its supply from being inflated. Bitcoin possesses all of these qualities. It is scarce because there will only ever be 21 million bitcoins in existence. This scarcity is programmed into the code and cannot be changed. Bitcoin is durable because it exists on a decentralized netw...
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