What's makes Bitcoin so special

[Itz-prisigold]

Be a decentralized currency is what make Bitcoin special to people op. Even governments that have their own currency value Bitcoin that is a decentralized currency and some of the government are investing in Bitcoin by holding for long years before they can sell to accumulate their wealth.

You actually came up with a very good point. In fact, the great thing about Bitcoin is that Bitcoin doesn't need all people to accept it for it to be successful.  As long as they have access to the network and their private keys, anyone can still hold Bitcoin for Long term and also transfer their Bitcoin.

Unlike the normal financial system, in which you need to depend on the banks, payment companies or others who are between you and your cash.  That's why Bitcoin is so special compared to any other investment, as you see, everyone has the freedom of ownership.

[BItcoin Guy@]

You actually came up with a very good point. In fact, the great thing about Bitcoin is that Bitcoin doesn't need all people to accept it for it to be successful.  As long as they have access to the network and their private keys, anyone can still hold Bitcoin for Long term and also transfer their Bitcoin.

Unlike the normal financial system, in which you need to depend on the banks, payment companies or others who are between you and your cash.  That's why Bitcoin is so special compared to any other investment, as you see, everyone has the freedom of ownership.

Bitcoin will always be special since it is uncontrollable by anyone. You can invest anytime and keep everything safe, with no one having access to it except who you probably share your phrase with. Many countries don’t really like bitcoin because they are looking for a way that they can control it so that they can be getting some fees or tax. But they see it is not working for them, and that is another thing that makes it so special. When you have bitcoin, you have the freedom to do anything you want to do with it. And no one can know exactly what you have in a wallet. Everything is self-custody.

[#CapsLOck]

I would add that what makes Bitcoin so special is that it's not just a scarce resource or something that's decentralized. It's also predictable. No one should have to trust a company to decide on the number of Bitcoins that can exist. Or employ a monetary policy when it is convenient. The network's consensus rules implement the supply schedule. And it can be verified by anyone independently. Unlike entrusting a bank or company to maintain the value and rules of a monetary system. The predictability of course. Does not eliminate price volatility or risks at the user level. But it does provide a unique quality to Bitcoin's money.

[drangos]

Something that can be over looked is the fact that Bitcoin is an asset system. Which functions without ownership and without permission. Moving money on a bank account is dependent upon the institution recognizing and approving your account. Bitcoin doesn't require anyone to know who you are. The transaction doesn't need to have a reason it only needs to obey the protocol rules and you need to possess the private key. However that doesn't mean that Bitcoin is risk free. Since if you lose your keys or get scammed. It's your own fault. But to me, one of the most critical aspects that differentiates Bitcoin from traditional money is this shift in the trust model.

[iBaba]

I would add that what makes Bitcoin so special is that it's not just a scarce resource or something that's decentralized. It's also predictable. No one should have to trust a company to decide on the number of Bitcoins that can exist. Or employ a monetary policy when it is convenient. The network's consensus rules implement the supply schedule. And it can be verified by anyone independently. Unlike entrusting a bank or company to maintain the value and rules of a monetary system. The predictability of course. Does not eliminate price volatility or risks at the user level. But it does provide a unique quality to Bitcoin's money.

I think the most underrated part of bitcoin is predictability, only scarcity is not enough if the rules around it can be changed by a central authority, With bitcoin supply rules are built into the protocol and anyone can verify them. But that does not make bitcoin risk free because the market price can still change heavily and users can lose funds through poor security. So having monetary policy that does not depend on trusting a company, bank or government gives bitcoin a different value and anybody can independently verify the rules is what makes that predictability more powerful.

[LUCKMCFLY]

What makes Bitcoin special is that anyone can join and acquire at least a share. If you acquire a piece of Bitcoin, you're already in the game. The good thing is that once you're in, you want to acquire more. Furthermore, it's superior to gold, holds immense long-term value, doesn't depend on third parties, and governments can't control it. It's strictly governed by supply and demand, and its adoption is growing all the time. It's the best economic technology that could have been invented.

Sometimes I think Bitcoin wasn't just created by normal means—that it almost had divine or otherworldly inspiration. Creating such a resilient economy through blockchain technology has completely undermined the modern financial system, which is riddled with structural vulnerabilities.