This is an opinion editorial by Leon Wankum, one of the first financial economics students to write a thesis about Bitcoin in 2015.
Bitcoin has a unique value proposition. As a protocol for exchanging value it allows you to directly own part of it. The Bitcoin network is a transaction processing system. From transaction processing comes the ability to exchange money, namely bitcoin, the network’s native currency, which represents the value of the underlying system. It is both a payment network and an asset, backed by the most resilient computer network in the world.
If you could own part of the internet, would you say no? In fact, that is owning bitcoin — owning shares in a new breakthrough protocol that will transform the internet from a space where not only information, but also value, can be freely exchanged.
With Bitcoin, it’s possible to take an ownership stake in the entire internet of value. This was never possible with the internet of information. Ownership and value capture is built directly into the network (Guy Swann). This is a paradigm shift that new investors need to “wrap their heads around” to understand Bitcoin’s full potential (Croesus_BTC).
Source: Croesus_BTC
