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Bitcoin Education
  • 🤔Stealth Money
  • 💰Money
    • What is Money
    • History of Money
    • Inflation & Devaluation
    • How is Fiat Money created
  • 🪙Bitcoin
    • What is Blockchain
    • What is Bitcoin
    • Features of Bitcoin
    • How is Bitcoin created
    • Why does Bitcoin have value
    • Bitcoin explained in 5 pics
  • 🔎Advanced
    • Proof of Work
    • Hardware Wallets
    • What is Self Custody
    • What are Private Keys
    • Protecting your Private Keys
    • Bitcoin vs Crypto
    • Why Bitcoin only?
    • Bitcoin vs Gold
    • UTXO
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  1. Bitcoin

Bitcoin explained in 5 pics

PreviousWhy does Bitcoin have valueNextAdvanced

Last updated 3 months ago

Let's breakdown Bitcoin in images, personally I understand things better with visuals. 😏

1: The supply of fiat money(your local currency) is unlimited, Bitcoin is hard money because its supply is fixed and limited. There will only ever be 21 million bitcoin and this can never ever be changed.

2: The prices of houses continue to increase in fiat money($), and at the same time reduce in Bitcoin. Where would you rather save?🤔

3: Bitcoin is in its own category as a fully decentralised digital asset and currency which means it has no central authority. Then there is Crypto in its own different category, which is thousands & thousands of tokens, altcoins, protocols and memecoins and etc etc.😌

4: For many centuries, Gold has been the hedge against sociopolitical & financial crisis, the protection or haven during an economic collapse or wars. Bitcoin is the digital gold of this century.

Conclusion (bonus meme): The global financial system is inflationary by design. You can either opt out by accumulating Bitcoin/Gold or watch your savings evaporate. 😎

5: Folks have lost access to their savings in the bank because their account got frozen in error or even worse because the bank . Bitcoin monetary network is incorruptible and permissionless.

shutdown over night
🪙
Bet you forgot banks can fail.
Credits: @luchopolleti
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