Bitcoin is decentralized and limited in supply from "summary" of The Fiat Standard by Saifedean Ammous
Bitcoin's decentralization means that no single entity has control over its network or supply. This is in stark contrast to the traditional fiat system, where central banks are the sole authorities in charge of printing money. With Bitcoin, the responsibility for creating new coins is distributed among network participants who must adhere to a set of rules and protocols. This decentralized nature ensures that no one can manipulate the supply of Bitcoin for personal gain or political motives. Moreover, the supply of Bitcoin is limited by design, with a maximum cap of 21 million coins that can ever be created. This scarcity is in direct opposition to fiat currencies, which can be printed ad infinitum by central banks. The finite supply of Bitcoin is crucial in maintaining its value over time, as scarcity is a key driver of an asset's worth. As more people adopt Bitcoin and demand increases, its limited supply ensures that its value will continue to rise. The combination of decentralization and limited supply makes Bitcoin a unique and valuable asset in today's financial landscape. Its decentralized nature ensures that it is censorship-resistant, immune to government interference, and resistant to inflation. The limited supply ensures that it is a store of value that cannot be devalued through overprinting. These characteristics make Bitcoin an attractive option for those seeking a hedge against the uncertainties of the traditional fiat system.
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