Simply math and logic, decentralized, limited supply, institutional FOMO…

Bitcoin’s immutable monetary policy makes it a very attractive contender for better money… if not the best. #FewUnderstand ~ Jason Chew, Bitcoin Malaysia #1 Group

If Bitcoin (BTC) is destined to be
the digital gold,
this is the gap it has to / is going to fill.

Supply and Demand

Amount of gold is not finite
as people tend to believe.

Bitcoin is transparently finite,
pure mathematics and logic
verifiable via public ledger.

Originality and Scarcity

Gold is scarce,
but it will never be ‘provably’ scarce.
Few understand the difference.

As Bitcoin becomes more mainstream
people are starting to understand
why the underlying technology
is so groundbreaking and
it is this hard cap of 21 Million bitcoins
that separates it from anything
the world has ever seen before.

Originality creates value.
Scarcity protects it.

从短期来看，比特币经历了从计算机代码逐步演变为准国际货币的过程，比特币占国际储备份额可能升至1%左右，比特币的合理价格在6000至7500美元左右。

从中期来看，比特币占国际储备份额比重可能升至日元的水平，那么比特币的合理价格在2.3至3万美元左右。

长期来看，如果比特币有机会发展成为最重要的国际储备货币，那么比特币的价格可能升至40万美元以上。

比特币的出现表明区块链要得到关注，但比特币不要随便进入，因为这些新生事物都有很大的不确定性。

DYOR – Do Your Own Research.

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Blockchain will do to banking what the internet did to media is quite a noble statement which is easier said than done. What we have now is very early days of what might be a revolution of the ordinary against the banking cartel and governments around the world who controls nearly all the resources on planet Earth, including people.

It’s still a wild wild west out there. Bad players exist in any industry. People take advantage of loopholes in any system, even in a regulated environment. Financial crisis, housing bubbles, subprime mortgages, unsecured derivatives, dotcom crash (Nasdaq) etc etc.

Before you dive into anything, get yourself educated. Do your due diligence and make your own judgement. Anyway, it’s a democratic world with certain level of freedom.

90% of the coins out there could vanish in a matter of few years time. The case of Bittorrent, Napster, ICQ, Friendster etc did not mean that the industry is bad. That’s part of evolution, to filter out the bad and the weak in order to become stronger.

We have seen that happened with Tech IPOs. The same will happen in the Crypto world. Dejavu.

Google, Facebook, Whatsapp, Wechat, they don’t exist in the early days of the internet. Apple made a come back after some “down time”.

Bitcoin, Ethereum might be the next Yahoo, or even Kodak, with a much shorter lifespan, who knows. But the fundamental shall stay intact, which is a revolution to our current financial system, a challenge to banking cartels and governments around the world.

Adopt, embrace, or outlaw, we have a list of 200+ possibilities.

Fiat Money VS Cryptocurrency

The invention of the blockchain has given rise to a new species of currency, that of crypto currency. Existing innovations in the cryptocurrency space foreshadow the potential that currencies could be designed as such to not only act as currencies but represent other forms of value as well.

Decentralized, which implies a trust-less and distributed network, made possible through blockchain-based technology.

Image source: https://www.coindesk.com/origins-money-darwin-evolution-cryptocurrency/

What makes the money world goes round?

For any currency to be viable, be it a decentralized cryptocurrency issued by a computer program or a traditional “fiat” currency issued by a government, it must win the trust of the community using it.

The whole point of cryptocurrency is to offer an alternative model for that trust. It is part of the evolution of money.

Trust is at the core of any system of money.

Cryptocurrency systems imbue trust in an inviolable, decentralized computer program that is, in theory, incapable of defrauding people. None of this, however, gets cryptocurrencies off the hook.

They, too, must win people’s trust if they are to become relevant.

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