Thread by @IIICapital

1/ #Bitcoin is the best form of money ever discovered by humans.

This thread will recap why this is the case and what incentivizes people to "save" or HODL.

2/ #Bitcoin is an asset that has 2 unique characteristics.

1. No counter-party risk (no reliance on government, corporations, or any group of people)
2. No dilution risk (21M coins max)

3/ Bonds, stocks, real estate, fiat money, private equity, gold, and venture capital each contain one of those two risks (counter-party risk or dilution risk).

4/ These two characteristics are derived from #Bitcoin's unique properties.

Scarce, divisible, portable, fungible, transactable, durable, and immutable.

5/ #Bitcoin's properties and characteristics combined with its fair PoW coin distribution method make it the best money.

The best money is naturally a game theoretic Schelling point.

6/ Thanks to free markets being the most efficient pricing mechanism, #Bitcoin's price remains inline with BOTH adoption and increasing scarcity.

ie: scarcity increases due to its immutable programmatic monetary policy AND adoption increases due to its natural Schelling point

7/ This idea of #Bitcoin being a Schelling point isn't just theory. It's clear when comparing price with HODLing.

When individuals converge on HODLing (the Schelling point), supply is squeezed and price is launched.

8/ #Bitcoin's price appreciation over the past decade was quite literally programmed.

Its price appreciation over the next decade is also programmed.