𝟭𝟰 𝗟𝗘𝗦𝗦𝗢𝗡𝗦 𝗙𝗥𝗢𝗠 #bitcoin With the banks falling like dominoes and investors ripping up forecasts for further interest rate rises & dumping bank stocks around the world, perhaps it is time for plan ₿!

1. Bitcoin is hard money Fiat is easy money, and ₿ is hard money. A free market chooses the money that is hardest to produce in response to increased demand. People who save hard money preserve wealth in the future. People who save money that is easy to produce will lose wealth over time. Rising monetary demand raises the price of money. Rising prices incentive more production of money. Excess production brings the price down, making it useless as a store of value. Only things that are hard to make succeed as money in the long term.

2. ₿ has no magic money tree Fiat is infinite and can be created by the press of a button, & central banks can increase the money supply to pay off government debt. Not with ₿!

3. Lowest supply growth rate ₿ will have the lowest supply growth rate of anything used as a medium of exchange.

4. ₿ monetary uniqueness The more something is chosen as a store of value, the more its production increases, except ₿. When chosen as a store of value, value goes up but cannot be produced more as it is fixed supply. The difficulty of mining new ₿ makes it harder to produce. This incentivises more processing power, making the network more secure.

5. ₿ has a positive feedback loop: Demand for store of value > price rises > mining more profitable > more power into mining > network secure > demand for store of value

6. Sovereignty ₿ has no single point of failure, no single piece of hardware, no single critical organisation. It is sovereign!

7. Borderless It is available worldwide for anyone with an Internet connection.

8. Scarcity ₿ has a limited supply of 21 million only.

9. Store of value For the first time, you can store the value produced from your time in a store of value that nobody can create more of.

10. Fiscal discipline ₿ curtails the ability to finance through inflation. With ₿, taxation must come before spending!

11. Decentralised settlement This is the difference from gold. ₿ is automated monetary policy free from human intervention.

12. Monetary features ₿ combines scarcity and durability of gold, with ease of use, storage, and transportability of fiat. Best of both!

13. Deflationary ₿ is a deflationary so interest is not needed to adjust for time value of money. Fiat is pumped by Riba & inflation-proned.

14. It is not credit money Unlikel fiat which is debt money and comes into existence through lending, ₿ is not a liability. You own it without having a claim on anyone else! One of the best things about ₿ entering public consciousness is that it has made people stop and think about money itself — what it is, what makes a good or bad money!