X @mert | helius.dev

Cryptocurrency Characteristics - Bitcoin is considered almost digital gold but lacks fungibility [1] - Unlike gold, Bitcoin's history can affect its value, hindering its fungibility [1] - Privacy is needed to make Bitcoin fungible like gold [1] Market & Economic Perspective - In 1971, money transitioned from a gold-backed system to a fiat system [1] - Cryptocurrency aims to replace fiat money with a free-market system [1] - Market systems are competitive, and new cryptocurrencies will emerge [2]