What is Bitcoin? You don’t know and you can’t explain it!

Bitcoin is digital gold.

Bitcoin is an inflation hedge.

Bitcoin is money.

Bitcoin is a technology.

Bitcoin is software.

Bitcoin is hope.

Bitcoin is an electrical system.

Bitcoin is a heating system.

The reality is that all of them are wrong, in the sense that all of them are just a partial description of what Satoshi Nakamoto started. That second word, “is,” is where the problem is. Even though Bitcoin is all of them, if you say only one of them, you are limiting your understanding of it. The only true answer: Bitcoin is Bitcoin. We have to realize all the properties that Bitcoin has and describe it as such without putting a limit on it. Because the person who says Bitcoin is an inflation…

Read more on BitcoinMagazine

25.5K Reads