Bitcoin Fundamentals

in #bitcoin5 years ago

22EC7488-8BA4-473A-A449-21861F238D97.jpeg

Properties & Qualities

What are they..

  • Anonymous
  • Autonomous
  • Borderless
  • Censorship resistant
  • Decentralized
  • Divisible
  • Flexible (Difficulty Adjustment)
  • Fungible
  • Homogeneous
  • Immutable
  • Permissionless
  • Portable
  • Private (soon to be)
  • Proof of work
  • Scalable
  • Scarce
  • Secure
  • Traceable
  • Unconfiscatable

Stipulations

Now all of these are real, but depend on the individuals stewardship. As example the last entry of Unconfiscatable, that will be solely contingent upon the holders cautions and precautions. If you have a private key to a wallet in a public place, dubious others can take them. Or if you rely on a third party ( like an exchange ), to store them, then they are easily confiscatable.

Personal Responsibility

This is the real fundamental quality of Bitcoin
.‬
‪.‬
‪.‬
‪ ---‬


‪‪‪‪
Good Health – Evan Pantazi ‬
‪Posted on eSteem‬
#Kyusho
‪ ‬

‪Image & Credits:‬ fool

Sort:  

what else needed they are infinite in qualities :)