Which feature do you like most of Bitcoin?

[chenille]

Bitcoin is a unique cryptocurrency that is a unique success story with its characteristics. From a few cents in 2008, the price per Bitcoin now stands at $85,000, which is unmistakably a success story. But when it comes to looking at Bitcoin in detail, there are some things that are very interesting and that show Bitcoin's success.

Now to the question of this thread: What do you find best about Bitcoin? There are so many and they all make up the uniqueness of Bitcoin.

My personal best feature is Bitcoin's limitation to 21 million pieces. There will never be more Bitcoin and that makes Bitcoin ultimately rare. Real rarity can only exist in mathematics and in the digital space. No one can change the code of Bitcoin and the 21 million Bitcoin are cemented in this code. This makes Bitcoin scarcer than gold, where there is no upper limit which can be mined at most. For Bitcoin, the limit is 21 million, which will not be reached until 2140.

[UchihaSarada]

My personal best feature is Bitcoin's limitation to 21 million pieces. There will never be more Bitcoin and that makes Bitcoin ultimately rare. Real rarity can only exist in mathematics and in the digital space. No one can change the code of Bitcoin and the 21 million Bitcoin are cemented in this code. This makes Bitcoin scarcer than gold, where there is no upper limit which can be mined at most. For Bitcoin, the limit is 21 million, which will not be reached until 2140.

Total supply, a cap of total supply is not a feature because you can not use it.

Feature is something you can use for like Bitcoin blockchain for transactions. With it you can have irreversible and very secure transactions. With Bitcoin, you can have control on your bitcoins with private keys and with Bitcoin, you can have feature to control your UTXOs, choose them, broadcast them for your transactions.

About Bitcoin total supply you can read these articles.
How is the 21 million bitcoin cap defined and enforced?
Can Bitcoin's hard cap of 21 million be changed?
What Will Happen to Bitcoin After All 21 Million are Mined?

[DesmondHayes]

In all other financial systems, there is always someone who has absolute power and stands behind them. Here I mean fiat, for example, a bank and some company, some small group of people, and in most cases, the state. With Bitcoin, things work differently. There are no individuals who will decide who is allowed to use the network and how much Bitcoin will exist.

My portfolio is my responsibility, and that is what I find interesting and unique in this regard. I do not need a bank or a state to give me permission to access my portfolio.

[Dave1]

My personal best feature is Bitcoin's limitation to 21 million pieces. There will never be more Bitcoin and that makes Bitcoin ultimately rare. Real rarity can only exist in mathematics and in the digital space. No one can change the code of Bitcoin and the 21 million Bitcoin are cemented in this code. This makes Bitcoin scarcer than gold, where there is no upper limit which can be mined at most. For Bitcoin, the limit is 21 million, which will not be reached until 2140.

You don't have to wait till 2140 to see that 21 million Bitcoin. We are already in the 20.09 Bitcoin being mined already and in maybe the next halving, we might say that 'almost all Bitcoin has been mine' already.

And with that 21 million cap, it become scarcer and the basic law of supply and demand will make the price go up. We even have threads about speculating when the $1 million price will be reach.

So yes, this is one feature that everyone is here for. Of course, it was designed to be P2P, and it's borderless.

[Ambatman]

My favourite feature still remains it being decentralised because without it
Others are just secondary.
There are coins with supposed lower supply than bitcoin but they can easily changed unlike Bitcoin.

Bitcoin is a unique cryptocurrency that is a unique success story with its characteristics. From a few cents in 2008,

How? Bitcoin was launched in 2009 so where were there couple of cents in 2008?
And first known quoted price was by New liberty around late 2009

No one can change the code of Bitcoin and the 21 million Bitcoin are cemented in this code.

It's a consensus rule and the total is approximately 21 million not 21 million.

the limit is 21 million, which will not be reached until 2140.

Around 2140 not absolute.

[aoluain]

My personal best feature is Bitcoin's limitation to 21 million pieces. There will never be more Bitcoin and that makes Bitcoin ultimately rare. Real rarity can only exist in mathematics and in the digital space. No one can change the code of Bitcoin and the 21 million Bitcoin are cemented in this code. This makes Bitcoin scarcer than gold, where there is no upper limit which can be mined at most. For Bitcoin, the limit is 21 million, which will not be reached until 2140.

Total supply, a cap of total supply is not a feature because you can not use it.

Feature is something you can use for like Bitcoin blockchain for transactions. With it you can have irreversible and very secure transactions. With Bitcoin, you can have control on your bitcoins with private keys and with Bitcoin, you can have feature to control your UTXOs, choose them, broadcast them for your transactions.

I disagree.

According to the Cambridge distionary https://dictionary.cambridge.org/dictionary/english/feature

"A feature is a noticeable or important characteristic or part"

It doesnt necessarily have to be something you can use, its literally all the strong points about
Bitcoin, they are all features.


I find it hard myself to point my finger to a specific feature of Bitcoin, they are all worthy of
being a favourite of some sort.

The main features for me are:

Decentralised
Capped supply
Open source
Self custody
Borderless

I really like the idea of self custody but without the other features it would be kind of pointless.

[Maslate]

Aside from the fixed supply, the best feature that i like is that its not like a bank.

When i say not like a bank, I mean that we can transfer funds without a 3rd party.
With the use of blockchain, Bitcoin introduced that decentralized system, and now from banks being a hater, now being a follower.

Also, transactions are irreversible, this is also good for security.

[PostQuantumBTC]

Bitcoin is a unique cryptocurrency that is a unique success story with its characteristics. From a few cents in 2008, the price per Bitcoin now stands at $85,000, which is unmistakably a success story.

Bitcoin was launched in January 3rd 2009 while the first bitcoin transaction which was between Satoshi and Hal Finney was on January 12th 2009. So bitcoin was from 2009 and not from 2008.

Now to the question of this thread: What do you find best about Bitcoin? There are so many and they all make up the uniqueness of Bitcoin.

What I like most about bitcoin is the limited supply which can not be more than 21 million bitcoin and I also like how bitcoin was adopted by the world.

[Sammysmart001]

. No one can change the code of Bitcoin and the 21 million Bitcoin are cemented in this code.

I do agree that 21 million cap is a massive factor but just a little technical correction, because of Bitcoin is an open source literally anyone can actually change the code. Network consensus is what keeps the 21M cap secure. Any attempt to increase the supply, will be rejected by the thousands of independent nodes.

And to answer your question, my own favorite feature is censorship resistance through self custody.
Scarcity is a great thing but it meaning nothing if government or bank can freeze up your funds. The very fact that anyone can safe guard their own seed phrase even with the use of DIY stainless steel washer backup, becoming your own self bank without going to ask for any permission is what makes Bitcoin being truly revolutionary.

[Jubilee58]

Bitcoin is a unique cryptocurrency that is a unique success story with its characteristics. From a few cents in 2008, the price per Bitcoin now stands at $85,000, which is unmistakably a success story. But when it comes to looking at Bitcoin in detail, there are some things that are very interesting and that show Bitcoin's success.

Now to the question of this thread: What do you find best about Bitcoin? There are so many and they all make up the uniqueness of Bitcoin.

My personal best feature is Bitcoin's limitation to 21 million pieces. There will never be more Bitcoin and that makes Bitcoin ultimately rare. Real rarity can only exist in mathematics and in the digital space. No one can change the code of Bitcoin and the 21 million Bitcoin are cemented in this code. This makes Bitcoin rarer than gold, where there is no upper limit that can be mined at most. For Bitcoin, the limit is 21 million, which will not be reached until 2140.

To me, I would say all the features of of Bitcoin are very interesting, ranging from decentralization, peer to peer, and also the limited supply of Bitcoin. However, it is also important to know that these features are what contributes to the success, and growth of Bitcoin. Today, Bitcoin has gained a top position among digital assets, and is as a result of it's excellent performance couple with growing adoption among institutions, individuals, and global support. Bitcoin keeps attracting investors as long as it stays in the digital market. Furthermore, Bitcoin has gained massive growth among other digital assets serving as an hedge against inflation. Many investors are already made through Bitcoin investing, and their is still more future potential for growth, and all these fascinating performance of Bitcoin are as a result of the unique features of Bitcoin as a digital currency. In the past, many tried to hinder Bitcoin even tagging it to be a scam, but they could not succeed. There are many other cryptocurrency out there that have failed because of their features, and the inability to accomplish promises, but Bitcoin has remained unchanged fulfilling it's promises till this very day.

[marrcelo]

Now to the question of this thread: What do you find best about Bitcoin?

I dont see sense in separate only one positive point of Bitcoin. The ideal is enjoy all the benefits. One more of them is the technology, that changed the financial market and left many governments confused until today. They still do not understand the real size of Bitcoin.

[liasbaa]

Bitcoin is a unique cryptocurrency that is a unique success story with its characteristics. From a few cents in 2008, the price per Bitcoin now stands at $85,000, which is unmistakably a success story. But when it comes to looking at Bitcoin in detail, there are some things that are very interesting and that show Bitcoin's success.

Now to the question of this thread: What do you find best about Bitcoin? There are so many and they all make up the uniqueness of Bitcoin.

My personal best feature is Bitcoin's limitation to 21 million pieces. There will never be more Bitcoin and that makes Bitcoin ultimately rare. Real rarity can only exist in mathematics and in the digital space. No one can change the code of Bitcoin and the 21 million Bitcoin are cemented in this code. This makes Bitcoin scarcer than gold, where there is no upper limit which can be mined at most. For Bitcoin, the limit is 21 million, which will not be reached until 2140.

About 96% of the total supply of 21 million Bitcoins has already been mined. The limited supply of Bitcoin has increased its value further because in reality, when the supply of a product is limited, its value naturally increases. The price of Bitcoin may increase in the future more than we think.

You asked what is the best aspect of Bitcoin. I would say that apart from the limited supply of Bitcoin, the simple investment strategy is the reason why most investors remain confident in Bitcoin. By regularly purchasing SAT, you can get full Bitcoin in the future or a decent amount of Bitcoin holding.

Although the price of Bitcoin seems high, if you actually analysis the future value potential of this asset, the current price is relatively low. A poor investor can get a huge Bitcoin stack by regularly accumulating Bitcoin SAT.

[Jessie2121]

I find it hard myself to point my finger to a specific feature of Bitcoin, they are all worthy of
being a favourite of some sort.

The main features for me are:

Decentralised
Capped supply
Open source
Self custody
Borderless

I really like the idea of self custody but without the other features it would be kind of pointless.

This all sums it up. Although some will have one they prefer more than the other. For me, it's the ability to maintain anonymity while conducting your transactions and that you are literally your own bank.
Bitcoin really surpassed many expectations of it and that alone is a feature we should attach if you ask me.

[iBaba]

~~~

Personally the best thing about bitcoin is that you can verify the rules yourself not by simply trusting government, banks or any company. The 21 million limit is important, but only scarcity would not make bitcoin valuable if one central authority can decide to change the rules at any time.

So that is why limited supply Works so well together with decentralization, anybody can run the software,  verify that the network is following the rules and I think that is what makes bitcoin different from simply owning a scarce digital asset.

[Danish Ali]

Total supply, a cap of total supply is not a feature because you can not use it.

I dont really buy this logic. By that logic "irreversibility" also isn't something you directly use, its property of how transaction works, same as supply cap is property of how issuance works. You dont "use" irreversibility either, you just benefit from it existing.

It doesnt necessarily have to be something you can use, its literally all the strong points about
Bitcoin, they are all features.

A supply cap in isolation means nothing. Plenty of forks have a "21 million" limit, they'll increase it at the drop of a hat because they're centralized and whoever is in charge of the coin can modify the rules however they please.

A supply cap + decentralization means that nobody, not even the creator, can increase the limit. The feature is not "21 million" but "21 million that nobody including the creator can override". Trying to understand scarcity without decentralization is a massive oversight.

[bitcoin-shark]

Right from the start, I was drawn to several of its features: the 21-million cap—meaning there will inevitably be scarcity—the halving every four years (leading to an inevitable rise in value), the ability to make direct peer-to-peer payments without intermediaries (like banks), its potential as a safe-haven asset, and the fact that it cannot be blocked or seized.

[Rashlyowl]

Bitcoin is a unique cryptocurrency that is a unique success story with its characteristics. From a few cents in 2008, the price per Bitcoin now stands at $85,000, which is unmistakably a success story. But when it comes to looking at Bitcoin in detail, there are some things that are very interesting and that show Bitcoin's success.

Now to the question of this thread: What do you find best about Bitcoin? There are so many and they all make up the uniqueness of Bitcoin.

My personal best feature is Bitcoin's limitation to 21 million pieces. There will never be more Bitcoin and that makes Bitcoin ultimately rare. Real rarity can only exist in mathematics and in the digital space. No one can change the code of Bitcoin and the 21 million Bitcoin are cemented in this code. This makes Bitcoin scarcer than gold, where there is no upper limit which can be mined at most. For Bitcoin, the limit is 21 million, which will not be reached until 2140.

Too many!

(1) Compared to FIAT, I find its decentralization & limited supply aspects to be unique.
(2) Compared to XAU, I find greater scarcity combined with a higher level of portability.
(3) Compared to Altcoins, I find that BTC network security is more good, we know there were several instances of chain halts some time ago.

Bitcoin was launched in January 3rd 2009 while the first bitcoin transaction which was between Satoshi and Hal Finney was on January 12th 2009. So bitcoin was from 2009 and not from 2008.

Textually, BTC was born on October 31, 2008. While as the context, network was officially launched & generated its genesis block the following year, specifically on January 3, 2009. However, that doesn't make the statement made by bros @OP in his thread correct.

[As-Soon-As]

Each person is satisfied with one type of feature, but I am more attracted to the attractive opportunities of using Bitcoin and transactions. It is possible to receive payments from one country to another anywhere at any time using Bitcoin only by using an internet connection. The issue of this transaction is so interesting that everyone likes it,
and the issue of holding is even more exciting because if you hold Bitcoin and hold it for a long time, you will definitely be able to gain huge benefits from it. But what makes Bitcoin even more attractive is that it works the most against inflation.

[LFC_Bitcoin]

Too many positive features about Bitcoin to pick one but if I really had to single it down to one, it’d be that I can self custody, be my own bank which allows me to be out of the system. I really like that I can send money anywhere I want, in whatever amount I desire (of my holdings) without any bank or third party trying to question the transaction or stop me. Obviously Bitcoin is number go up tech with a fixed supply but I really love the freedom of being my own bank.

[hd49728]

Too many positive features about Bitcoin to pick one but if I really had to single it down to one, it’d be that I can self custody, be my own bank which allows me to be out of the system. I really like that I can send money anywhere I want, in whatever amount I desire (of my holdings) without any bank or third party trying to question the transaction or stop me. Obviously Bitcoin is number go up tech with a fixed supply but I really love the freedom of being my own bank.

Be your own bank with Bitcoin is impeccable and it's different than be your own banks with altcoins.

You are surely that you have your own bank with Bitcoin and Bitcoin self-custodial wallets but with altcoins such as stablecoins, self-custodial wallets are not enough, and worse there is no perfect way of securing your stablecoins and having your own stablecoin banks.

Stablecoin issuers can freeze your stablecoins anytime, even those coins are stored in your self-custodial wallets which you likely believe as your own stablecoin banks while you don't actually control them.