Bitcoin is... what?
The magic internet money that is Bitcoin is more, much more, than just magic internet money.
Bitcoin is a scarce, decentralised digital currency, without a central bank, CEO, or other single administrator. It operates as a distributed peer-to-peer network where users can send and receive money without the need for intermediaries.
Bitcoin is the first digital resource ever to exist. It is inflation-resistant, by design; there will never be more than 21 million bitcoins issued, ever. Therefore, Bitcoin is scarce.
Bitcoin is divisible. One bitcoin is made up of one hundred million ‘sats’ – short for Satoshi’s, in honour of Bitcoin’s pseudonymous creator, Satoshi Nakamoto. ‘Sats’ are fractions of a bitcoin that can be divided any way you wish.
Bitcoin is frictionless. It can be sent via email, text message, or even paper, essentially for free and in real-time, to anyone, anywhere in the world without the help of a trusted third-party.
Bitcoin is verifiable. Many have tried, but Bitcoin uses high-level cryptography to ensure it cannot be copied, faked, or counterfeited.
Bitcoin is global. Like the internet, email, or even gold itself, Bitcoin is distributed all around the world. It is decentralised and cannot be controlled by any one person or any one country.
Bitcoin is open source software, meaning it is not owned by any one person or company. Everyone is free to own it, use it, and contribute to it.
Bitcoin is the newest technology to serve the function of money for the world, and the soundest money the world has ever known.