Published: 08 Feb 2020 › Updated: 08 Feb 2020
Bitcoin Fundamentals
Properties & Qualities
What are they..
- Anonymous
- Autonomous
- Borderless
- Censorship resistant
- Decentralized
- Divisible
- Flexible (Difficulty Adjustment)
- Fungible
- Homogeneous
- Immutable
- Permissionless
- Portable
- Private (soon to be)
- Proof of work
- Scalable
- Scarce
- Secure
- Traceable
- Unconfiscatable
Stipulations
Now all of these are real, but depend on the individuals stewardship. As example the last entry of Unconfiscatable, that will be solely contingent upon the holders cautions and precautions. If you have a private key to a wallet in a public place, dubious others can take them. Or if you rely on a third party ( like an exchange ), to store them, then they are easily confiscatable.
Personal Responsibility
This is the real fundamental quality of Bitcoin
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