The Bitcoin Economy Is Circular – Bitcoin Magazine – Crypto Bountiess

The Bitcoin Economy Is Circular – Bitcoin Magazine

This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Wake Up Podcast with Svetski.”

Bitcoin is the perfect money. It embodies all of the properties and functions of money:

  1. Store of value (SoV)
  2. Medium of exchange (MoE)
  3. Unit of account (UoA)

…and does so in a way that any person or participant, from anywhere in the world can:

  1. Save without having their wealth invisibly stolen
  2. Spend without some Big Brother type of institution telling them what or with whom they’re allowed to do so
  3. Account, audit and verify what they have, when they received it and how much it is in relation to the whole.

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