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![jpmayall Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::35368165.png) J. P. Mayall [@jpmayall](/creator/twitter/jpmayall) on x 8581 followers
Created: 2025-07-20 02:19:55 UTC

Bitcoin is a scarce digital commodity with a programmed inelastic supply, operating in a decentralized & distributed network under a Nash equilibrium. 

It serves as a non-confiscatable asset, a tool for wealth preservation and exponential growth, a collectible, and a medium for value transfer globally. Possessing all properties of an effective medium of exchange: divisibility, durability, portability, scarcity, and fungibility.

This establishes Bitcoin as a prime candidate for a global reserve asset and universal unit of account, poised to capture the monetary premium of gold, stocks, real estate, bonds, and works of art, demonetizing them as stores of value over time. 

Bitcoin is shorting the legacy financial system with no carrying cost.


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**Related Topics**
[decentralized](/topic/decentralized)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)
[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)
[coins pow](/topic/coins-pow)

[Post Link](https://x.com/jpmayall/status/1946756928622952854)