The 10 Incredible Guarantees the Bitcoin Protocol Gives You in a World More Uncertain Than Ever. These guarantees give you the freedom to live your life on your own terms. (Reddit Bitcoin)
Officially launched on January 3, 2009, by Satoshi Nakamoto, the Bitcoin system has proven to be remarkably stable since its inception. This is something that should be noted, as we are living in a more uncertain world than we have ever seen in the year 2020 with the COVID-19 pandemic.
While the current monetary and financial system established in August 1971 by Richard Nixon suffers from seven deadly sins that will lead to its collapse, Bitcoin is intended to be our antidote for a better future world for the many.
At the heart of the Bitcoin system is a protocol that gives you essential guarantees. You can rely on these guarantees to preserve the fruits of your labor because you know that they cannot be violated by a simple arbitrary decision of a few humans. This is the opposite of what happens in the current monetary and financial system, whose original sin is the absolute power of money creation given to central bankers.
Here are the 10 guarantees that Bitcoin gives you and that make all the difference:
- There will never be more than 21 million BTC in circulation
- 10 minutes delay on average between the issuance of each block of transactions
- An adjustment of the mining difficulty of the Bitcoin network every 2,016 mined blocks
- A decrease in the reward given to miners for every 210,000 blocks issued
- A consensus algorithm based on Proof-of-Work
- Bitcoin is the most secure decentralized network in the world
- A permanently available network (Uptime > 99.985% since Bitcoin creation)
- A never hacked network
- The data of the Bitcoin Blockchain is immutable
- The Bitcoin code is open source
In an uncertain world, Bitcoin is your best hedge against uncertainty. The stability of the Bitcoin protocol gives you certainty. You are guaranteed to have the world’s most secure decentralized network to store the fruits of your labor over time in a censor-proof manner.
More and more users understand the value represented by these Bitcoin invariants. This clearly explains why the adoption of Bitcoin is accelerating, but also why companies like MicroStrategy have decided to make Bitcoin their primary treasury reserve asset since the summer of 2020.
The next time someone tells you that Bitcoin has no intrinsic value, you can reply that the guarantees that Bitcoin gives to its users are the reasons why more and more people will opt for the Bitcoin system in the future and make it more and more valuable.
More details here: https://inbitcoinwetrust.substack.com/p/the-10-incredible-guarantees-the