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Why Bitcoin Is Superior To Any Other Crypto (Explained in 5 minutes)
Bitcoin Bram路 2025-09-24 17:00
Bitcoin's Genesis and Early Development - Bitcoin started as a niche community effort focused on transactions outside the banking system [2] - Early participants, including Satoshi and cipher punks, contributed to its development [2][3] - Initial mining was done by individuals on laptops, gradually evolving with increasing network popularity [5] Mining Evolution and Technological Advancements - The Bitcoin protocol inherently increases mining difficulty with more participants, driving higher electricity consumption (Proof of Work) [5] - Mining transitioned from CPUs to GPUs due to competition, and eventually to specialized ASIC chips manufactured in China [6][9] - The rise of ASICs was fueled by cheaper electricity sources and the increasing price of Bitcoin [9] Decentralization and Network Effects - Bitcoin organically grew through speculation, dark web usage, and online gaming, eventually gaining recognition for enabling self-ownership of money [7] - The network effect of Bitcoin is significant, making it difficult for competing cryptocurrencies to replicate its scale and decentralization [13] - Bitcoin's design ensures no single entity controls it, promoting decentralization through mining pools and fair participation [11] Economic and Ideological Underpinnings - Bitcoin is described as "Austrian economics on a blockchain," emphasizing a free market with a fair launch [12] - Satoshi's departure and the fact that their coins have never been moved contribute to the perception of a fair and decentralized system [9][10] Competition and Differentiation - Numerous attempts (approximately 22 million) have been made to create competing cryptocurrencies, but they often compromise on decentralization to achieve speed or cost efficiency [12][13] - Competing cryptocurrencies often end up more centralized and fail to achieve the unique properties of Bitcoin [13]
X @Crypto Rover
Crypto Rover路 2025-09-03 12:58
馃嚭馃嚫 U.S. money supply is exploding.This will flow into Bitcoin & Crypto! https://t.co/9WiDGNbn2B ...
X @CoinDesk
CoinDesk路 2025-08-16 19:25
Market Share - Bitcoin represents 1.7% of the total global money supply [1]
X @Doctor Profit 馃嚚馃嚟
Doctor Profit 馃嚚馃嚟路 2025-08-15 20:45
Bitcoin just reached a new ATH yesterday, this process of repeating ATH鈥榮 will repeat in the coming weeks and months based on continued increase of the money supplyThe increase of the money supply will be intensified after the next rate cut in September. ...
X @Bitcoin Archive
Bitcoin Archive路 2025-08-14 14:57
Market Share & Adoption - Bitcoin represents 1.7% of the global money supply [1] - The cryptocurrency market is still in its early stages of development [1]
X @Bloomberg
Bloomberg路 2025-07-16 12:26
Monetary Policy - Argentina's economic team signals a firm control over the money supply [1] - This control is seen as crucial for curbing inflation [1] - It also aims to stabilize the peso [1] Political Impact - Stabilizing the economy is important for maintaining Milei's high approval ratings [1]
X @Ansem 馃Ц馃捀
Ansem 馃Ц馃捀路 2025-06-29 17:22
RT diablo 銉囥偅銈€儢銉劉 (@diablofutur)they had evry man slaving 40+ yrs in underpaid jobs, called bitcoin a scam & told u 2 shovel ur hard-earned savings into US index funds.then they quadrupled the entire money supply in less than 15yrs & vaporized the middle class overnight.textbook. ...