In my opinion, bitcoin is the best form of money ever created. Money is just information - a record of ownership. Bitcoin is simply a fair record that we can agree upon and trust.

Bitcoin has many remarkable properties:

  • The total supply of bitcoin is finite and verifiable by all. While governments endlessly issue more units of currency, stealing purchasing power from savers, bitcoin's future supply is set by mathematics. The total supply of bitcoin will never exceed 21 million units, making it an effective store of value over long periods of time.

  • Bitcoin cannot be controlled by any individual, corporation, or government. The network is secured by volunteers, who expend computing power in exchange for newly minted bitcoins. Playing by bitcoin's rules is profitable, while attacking the network is self-defeating and unsustainble.

  • Bitcoin can be sent and received across the internet, 24/7, without trusting any intermediaries.

  • A bitcoin transaction cannot be censored, altered, or reversed.

  • Bitcoin cannot be seized against your will. If the private key is secure, the funds cannot be spent by anyone except the rightful owner.

A few of my favorite bitcoin resources: