What is #bitcoin ? Part 2
▻https://hackernoon.com/what-is-bitcoin-part-2-e22f6184002c?source=rss----3a8144eabfe3---4
In the last article, we established that Bitcoin is decentralized, digital scarcity which is uncontrolled by any party and to a degree natural, as in anyone can mine, transfer and/or store without permission. This is in stark contrast to centralized scarcity which is controlled and artificial, as in you need permission to do some or all of the activities you might want to do with the scarce item.In this article, we’re going to look at Bitcoin’s properties as decentralized, natural, uncontrolled #money, specifically how they compare with decentralized money in the past.Desirable Properties of MoneyThe ideal money properties that make money convenient, useful and worth holding. The properties that give money significant convenience and usefulness are divisibility, securability, (...)