bitcoin is not a scarce resource
there are going to be 2,099,999,997,690,000 sharable units.
yep enough units for all 8 billion people to have some division of a btc
whats special about bitcoin is the limit. its a known factor and should never change.. unlike fiat that increments its supply forever
decentralised network
the network and distribution of the blockchain data is decentralised. but the powerhouse of the protocol decisions is a current risk factor. everyone relies too much on "core" and even some core devs including the main maintainer has said so. this needs to change to be less vulnerable to abuse. its slow but it can happen
Store of Value/Not to be Inflation
store of value is not the same as the scarce thing just mentioned in previous parts
the store of value is not even the market price
the store of value is an amount/cost that sits below the markets. this number increases steadily over the years
2012(<$2) 2017(<$1k) 2021(<$10k) 2022(<$15k)
this store of value is about the underlying acquisition cost that anywhere on the planet no one can get bitcoin for. which then forms a non zero bottom value. its mainly formed by the most efficient mining costs on the planet setting this store of value limit
golds value $900,, golds spot market $1904(premium today)
golds SoV is today 47%
ethereums value $40,, ethereums spot market $1300(premium today)
ethereums SoV today is 3%
bitcoins value $15.5k,, bitcoins spot market $18.5k(premium today)
bitcoins SoV today is 84%
the value lock of $15k is a non zero bottom so knowing whatever the price was in 2022, atleast $15k of a btc was value locked and couldnt be lost