Someone asked me today “what is the point of Bitcoin?”
How would you respond in one sentence without using any technical jargon, buzzwords, or clichés?
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Replies (100)
A way to save money that actually works
the internet has eveything, why not money?
To send and receive money without your countries.
It’s the only investible asset whose supply is unrelated to demand.
is "freedom money" a jargon, buzzword or cliché ? 🤔
Why save money on paper when we can have money run on electricity?
Bitcoin fills all the needs of human uses of money more efficiently than any other form of money, ever
“#bitcoin is better money”
It's money, but better!
The point of bitcoin is to have better money that cannot be poisoned by human greed and corruption.
End the Fed
To fuck around
Inflation protection.
To protect savings from every manner of theft.
It’s the best way to store and transmit value through time and space
Because they cant print more. Only 21 million ever
what do when black rock owns them all
Protect your money from fiat debasement
Imagine paying x$ for your grocery and then, 10 years later, paying less. No other currency can do that.
Imagine working at Walmart, your wife/husband stay home to raise your kids, and you still can afford a house. No other currency can do that.
The point of a bitcoin standard is to make life more fair for everyone.
If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
You gave away your precious time in exchange for purchasing power and you don't want that sacrifice to have been in vain.
Ohhh come on the price is run away and people will always need to eat meaning sell or spend. I dont think this way. Im here for less than 90 years after that i dont guve a fuck what happeneds. My kids they better pay attention thats all i can say.
What happens when a country decides to bomb bitcoin mining facility in Texas i think about that too but who cared because it wont happen in my lifetime and the plebs have most of the coins 😉
Noncounterfiable money separated from single entity control?
What is the point of the wheel?
The Silk Road of Cyberspace
The first secret of money is....there are secrets of money.
You don't own anything in the digital economy.
In a place where you have no property rights, you are a slave.
Bitcoin is the first step in the revolution that sets us all free.
Bitcoin is a new kind of money outside the control of anyone that gives you freedom, protects your savings from inflation, and offers an alternative to the current financial system.
The point of bitcoin is that all of its monatary assertions are both true and verifiable by everyone; its fair.
Separation of Money & State
to outperform economists with a master's degrees
to be able to transfer value without middlemen.
“number go up forever”
might be cliché by now, but it’s the meat of it
To get back Trucking baby...
Preservation of value nested in one's labor.
A way to fuck the system peacefully.
It’s the exit of currency (and all of its problems) and the entry of money (and all of its benefits).
I have a 2 part one liner: Wealth that can’t be stolen; speech that can’t be censored.
Starve the state, bankrupt the suits, and force the commies to become productive members of society.
Allow anyone in tje planet live the american dream
To make the world a better place
To make sure that I always have control over my money, no one else.
Borderless money
"Yo, you think this shift to money means we’re finally ditching the drama of currency? What’s the first thing you’d do with all those benefits? 💸🤔 #MoneyMoves"
Since I started using it exclusively, everything started to get cheaper not more expensive. Life is good on the other side.
The point is that the 21 million supply can't ever be increased, and that protects the value of the portion of that supply that I control.
Freedom and prosperity for honest and hardworking folks… and accountability for financial predators
Lol. It can be changed. Of the majority of miners/nodes agree on more than 21million Bitcoins than there will be.
Equal opportunity
Money used to be - by its nature - fundamentally independent of most government manipulation until modern paper printed money turned it into a completely captured government tool of corruption… which bitcoin solves by restoring money to its fundamentally independent state again, uncontrollable by any particular authority, and thus far less corruptible.
The miner might want that but the nodes will never do that. It's not in their interest.
Savings
To fix the worlds money problem.
Healthier technology makes healthier money.
Bitcoin is the divine bridge I’m walking over to go meet and shake hands with my higher self. Bitcoin is going to unlock humanity’s potential and upgrade our consciousness to the point where the aliens will want to meet us, because we are taking care of each other. I look at Bitcoin as one thing. One big giant container that contains all of my hopes and dreams. It contains yours too. Just like I think there is one great divine intelligence, that we all individually tap into.., bitcoin is now discovered, and it is one big giant nuclear reactor, that we can plug into to improve our lives individually and as a species. Bitcoin is me. Bitcoin is you. I know I want all of me, do you want all of you? A little long winded, but I get passionate and spiritual about Bitcoin because of what it has done to my mind and soul. It is exhilarating to exit this bullshit system I have been forced fed. Muthafuckin ₿itcoin, bitches!
Separation of money and state.
Hope 🕊️
If German, just say it’s Übermoney
Every year that the US fails to balance the budget, the purchasing power of the US Dollar falls between 5% and 15%.
Bitcoin's purpose is to give people around the world a place to put their money that does not sink into the abyss.
The only money that nobody can control. “rules without rulers”
It's the best savings account in the world!!
Bitcoin is hard money you can't f*** with.
Bitcoin is hard money they can't f*** with.
Don't get poor slowly
read the Bitcoin Standard cause you won't believe even if a told you
Bitcoin is a money that allows the entire world to save for their future.
incorruptible money
Bitcoin uses opportunity cost to force you to understand how money works.
Bitcoin uses opportunity cost to force you to understand how money works.
To give everyone the ability to be their own bank, or be the bank for their friends and family.
To fix the money.
Bitcoin is a savings account that teaches you how to diligently save money into a non-depreciating asset.
The point is that you don't get poorer while saving.
The point of Bitcoin is to liberate you from fiat slavery.
The most anti-war thing the average person can do is save in Bitcoin!
Bitcoin is the most hopeful story you will hear for generations to come.
The point of Bitcoin is to provide a form of durable, fixed supply money that can be transmitted over long distances without relying on any one or few gatekeepers of infrastructure, thereby preventing censorship as well as dilution of value through fractional reserve banking.
Miners thought they had this power. Then came the blocksize wars.
They don't.
Nodes do.
To give humanity a good money again, to remove the thing out of the hands of govs who impose it on us by legal tender laws, and then print it to steal from us.
To ensure for the first time in human history that every bit of time you worked maintains it's value into the future
To exit the slavery system and custody your own money, so you don't have to trust the corrupt banks.
One word is enough: freedom.
A lot of the replies here seem to answer "what bitcoin is" (yes, it's freedom money). But the question was "what's the POINT of bitcoin"?
I don't think it's enough to focus on "what problems of our current world will bitcoin fix". There are many!
What happens after those problems are fixed, and the world gets to run on a fair and efficient bitcoin standard for a while, maybe a long while?
I'd say that the POINT of bitcoin is to bring about a literal Star Trek future, where humanity flourishes on Earth, spreads out into the universe and climbs up on the Kardashev scale.
Great description
It's a piece of the economy that you can own and program.
internet money without any leaders
"being better money"
Prevent forever inflation
I'd say, "hey hey hey, let's talk cheddar."
Bitcoin is to value what the Internet is to knowledge
Best to respond with some constructive questions…. Such as to ask them to consider what’s the point of money, and how could it be improved?
🏆
It's like a digital beanie baby, but instead of hoping your grandkids can retire off it, you hope you can.
Human rights, for all and everyone.
simply preserving wealth and health
Bitcoin solves the inflation/money debasement problem.
what's the point of money? bitcoin is just the next evolution in making money better.
Doesn’t it all boil down to “Seperation of money and state!”
It’s a digital store of value or savings account for one’s money
Pristine digital property.