2/10) Bitcoin has been called “Magic Internet Money” but it’s so much more than that. Here are some of it’s magical properties…🪄
3/10) Bitcoin is a decentralised digital currency, without a bank dipping into your purse as you use it 👛
4/10) Bitcoin is scarce. It is inflation-resistant, by design; there will never be more than 21 million bitcoins issued, ever.
5/10) Bitcoin is divisible. One bitcoin is made up of one hundred million ‘sats’ (short for Satoshi’s), they are fractions of a bitcoin that can be divided any way you wish.
6/10) Bitcoin is frictionless. It can be freely sent in real-time via email, text message, or even paper, to anywhere in the world without the help of a trusted third-party.
7/10) Bitcoin is verifiable. Many have tried, but Bitcoin uses high-level cryptography to ensure it cannot be copied, faked, or counterfeited.
8/10) Bitcoin is global. Much like the internet or email, Bitcoin is distributed all around the world. It cannot be controlled by any one person or any one country.
9/10) Bitcoin is open source software, meaning it is not owned by any one person or company. Everyone is free to own it, use it, and contribute to it.
10/10) Bitcoin is the newest technology to serve the function of money for the world and the soundest version of money the world has ever known.
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🧵1/ Imagine watching your empire crumble—not because of war, but because of bad money.
Nearly 2,000 years before Weimar Germany’s hyperinflation, the Roman Empire faced a similar fate. The lessons from their downfall are more relevant today than ever. 👇
2/ At its peak, the Roman Empire controlled vast territories across Europe, North Africa, and the Middle East.
Yet, 150 years later, it was near collapse. While many factors contributed, the debasement of the Roman currency was a major catalyst.
3/ The Roman Denarius, once 95% silver, began its steady decline. By A.D. 170, it was only 75% silver. By A.D. 211, 60%. By A.D. 270, just 5%.
Inflation soared, and Rome eventually abandoned silver coins for bronze ones. Sound familiar? 🤔
simple, easy to read lessons based around philosophy, economics, and technology. Even a dilettante book critic, like Martin Brochhaus, must agree – the book does exactly what it says on the tin...
Bitcoin Clarity gives the beginner great clarity with which to see this nebulously numeric orange thing we call Bitcoin. It tip toes the line between the technical and non-techical aspects of Bitcoin without the jargon and with great lucidity.