Introduction:
Todays post is me having fun, but also being serious.
This post, the Ten Commandments of Bitcoin, is said tongue in cheeek, as I don't espouse we worship money or allow it to tell us what to do in life.
It is just a familiar and fun way to discus the core principles of Bitcoin which make it the best form of storage for your time and energy.
These are based on the Bitcoin White Paper, and other readings from Jack Maller and other Bitcoin Experts and Piblic Speakers.
The Ten Commandments are the Core Technical Principles of Bitcoin and possibly are the Moral Principles for Money.
The Ten Commandments of Bitcoin
Number #One: Thou shalt not inflate:**
The supply is fixed at 21 million coins, resisting the erosion of purchasing power.
Number #Two: Thou shalt not confiscate:
It is a bearer asset; holding thy keys means controlling thy money without counterparty risk.
Number #Three: Thou shalt not counterfeit:
Proof of work secures the system, making fake Bitcoin or double-spending impossible.
Number #Four: Thou shalt not censor:
The decentralized network ensures that transactions cannot be blocked by any central authority.
Number #Five: Thou shalt not steal:
The ethical monetary system provides verifiable rules that all participants must follow.
Number #Six: Thou shalt not centralize:
The network operates as a peer-to-peer system with no single authority in charge.
Number #Seven: Thou shalt honor physical proof:
The system is secured through verifiable physical work (energy consumption), not abstract power.
Number #Eight: Thou shalt remain an open network:
Anyone with an internet connection shall be able to plug into the open monetary network.
Number #Nine: Thou shalt maintain a public ledger:
All transactions are transparently recorded and collectively verifiable on the blockchain.
Number #Ten : Thou shalt empower the individual:
The system shall remove the need for trusted third parties, granting individuals sovereignty over their money.*
Last words...
- What do you think?
- Do you like my ten commandments of Bitcoin?
.
.
✍️ About the Author
This post was written by @Shortsegments, an author with seven years of experience covering cryptocurrency, the blockchain, digital ledgers, Bitcoin, Ethereum, and Decentralized Finance (DeFi).
You can find all of his market analysis and investment deep-dives here:
👉 Link to his blog
Published on Inleo a social media community where you own your account, own your content and can never have your account closed or censored. Jin for free and start to build your brand.
.
1. Join InLeo (Monetized Social Media)
InLeo is the social community where your likes become money.
Open a free account and choose your name today:
➡️ JOIN INLEO FOR FREE
🤝 Referral Reward: Once you join, tag me by typing @shortsegments at the bottom of your first post or thread, and I will find and reward you for joining our community!
2. Trade Crypto with Ease
LeoDex: Your Decentralized Exchange
LeoDex makes cross-chain swaps and trading assets like SWAP.BTC simple. It handles the complexities so you don't have to!
💰 Save 10% on Trades!
Use my secret referral link for a 10% discount on all your trading fees:
👉 LeoDex.io/?ref=shorty
Thank you for reading my post!
