Grab and HOLD the future.

Financial Privilege
2 min readMay 17, 2023

Created by an individual or group of individuals under the pseudonym Satoshi Nakamoto, “Bitcoin launched as a form of peer-to-peer electronic cash, many thought it was a response to central banks’ support of financial institutions during the 2008 global economic crisis.

“It was the culmination of decades of work in computer science to create a currency not backed by any central authority.”

Bitcoin offers an efficient way of transferring money over the internet, powered by users with no middleman. Some transactions can be made in an instant with little to no fees. Consumers use it to buy things while investors can store them in e-wallets in the hope of long-term appreciation. It’s an immutable database that tracks from the beginning who owns what without trusting a third party, this never happened before, and transactions succeed thanks to computation power.

“And you can be certain that nobody’s going to change the properties because nobody can.”

Bitcoin is the best-engineered money that man has ever created. Money is a Ledger.

Non-devaluable currency, only 21 million coins can exist at the very base of its hard code, enforcing and obtaining digital scarcity. Since the barter, trading goods and materials until metals and money as we know today there always was a need to exchange something tangible with someone else.

Anti-censorship it’s a decentralized protocol with no point of failure doing the same job since its conception. Bitcoin is a bearer asset like gold, from this the name “digital gold ”but with better properties. Been not physically and pseudonymous it allows the owner to pass unobserved and unlikely the gold, always hoarded and centralized by authorities, to own and custody the underlying asset in a self-sovereign way.

Bitcoin doesn’t have counter-party risk and benefits from the chaos of the banking crisis. It’s an alternative monetary system that’s supposed to help investors hedge themselves against the risks associated with the traditional financial system. It is more durable than paper fiat, more portable than gold, and more divisible than digital dollars, and since there will only be 21 million mined, it has promise as a store of value.

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Financial Privilege
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Bitcoin in small topics, passioned about the past to understand better the future