“Bitcoin is the only medium guaranteed to not be debased, no matter how much its value rises.” — Saifedean Ammous

For most of human history, some physical object was used as the store of value. The function of value storage did not need a physical manifestation, but having one allowed for making the supply of the store of value harder to increase. Bitcoin, by not having any physical presence, and being purely digital, is able to achieve strict scarcity. No divisible and transportable physical material had ever achieved this before. Bitcoin allows humans to transport value digitally without any dependence on the physical world, which allows large transfers of sums across the world to be completed in minutes. The strict digital scarcity of the Bitcoin tokens combines the best elements of physical monetary media, without any of the physical drawbacks to moving and transporting it. Bitcoin might have a claim to make for being the best technology for saving ever invented.

submitted by /u/DelfinGuy
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Bitcoin – The Currency of the Internet

If the Bitcoin price rises to over $1M, that would give ~100k bitcoiners “Ultra High Net Worth Individual” status (+$50M). With worldwide UHNWIs projected at only ~200k by 2022, this means the Bitcoin 1% could by then make up 30-50% of the world’s financial elites.

If the Bitcoin price rises to over $  1M, that would give ~100k bitcoiners "Ultra High Net Worth Individual" status (+$  50M). With worldwide UHNWIs projected at only ~200k by 2022, this means the Bitcoin 1% could by then make up 30-50% of the world's financial elites. submitted by /u/Bitcoin_21
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Bitcoin – The Currency of the Internet

Square stock rises as analyst points to strong merchant willingness to accept bitcoin as payment

Shares of Square Inc. SQ, -2.56% are up 1.3% in premarket trading Wednesday after an analyst at Instinet cited high merchant willingness to accept Bitcoin BTCUSD, -4.46% as a form of payment. According to Instinet's recent survey of Square merchants, 60% said they would be willing to accept Bitcoin, …
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