History Shows Bitcoin Sound Money Helps Society

History Shows Bitcoin Sound Money Helps Society

Technology
November 20, 2021 by mvp00
27
It is well established at this point that bitcoin is the best form of sound money the world has ever seen. To recap, bitcoin excels in each of the qualities of money: durability, portability, divisibility, uniformity, scarcity and acceptability. Most importantly, bitcoin is the scarcest money ever, with a fixed supply of 21 million bitcoin
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It is well established at this point that bitcoin is the best form of sound money the world has ever seen. To recap, bitcoin excels in each of the qualities of money: durability, portability, divisibility, uniformity, scarcity and acceptability. Most importantly, bitcoin is the scarcest money ever, with a fixed supply of 21 million bitcoin that will ever exist. Regardless of demand, the supply is programmatically defined and will never be changed.

This article focuses on why having a sound money system is important. How do economies, societies and individuals benefit from operating on a sound money system? Throughout history gold has been the most successful form of sound money. It is my belief bitcoin will be the sound money of the future.



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