Bitcoin

Rafael A. George Duval
1 min readSep 26, 2022

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Bitcoin is a decentralized digital currency.

Decentralized: Bitcoin is a global peer-to-peer network.

Permissionless: Anyone can own a bitcoin.

Censorship resistant: No one can limit what you do with your bitcoin.

Transparent: There is a known supply of 21 million bitcoin that can exist worldwide, and no one can manipulate it.

Global: No one country owns bitcoin, and the physical borders of any country don’t limit it.

Efficient: The technology powering bitcoin is much more efficient than much of the financial infrastructure we have now.

Fast: Right now, it can take several days for your money to be sent.

Cheap: It’s inexpensive to send bitcoin to anyone worldwide compared to the fees you’ll have to pay for other services.

Digital: Everything is moving online, so it makes sense that our money does too.

Immutable: This is the idea that the ledger is not subject to change or manipulation.

Hedge: Bitcoin is becoming viewed as digital gold and a hedge against global uncertainty. As the asset becomes less correlated with traditional investments.

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Rafael A. George Duval
Rafael A. George Duval

Written by Rafael A. George Duval

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