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There have been countless articles and books written about bitcoin, but I don't think anyone has managed to describe the concept better than Nakamoto himself did back in February 2009:
#bitcoin provides that alternative. It has a fixed supply of 21 million, out of which 19 million are in circulation. The rest of the coins will get into circulation over the course of ~100 years.
Growing your wealth is important to keep up with inflation, but it doesn't have to be.
In the modern #economy, with all the tools and productivity we have, prices are supposed to go down over time. It is the unnecessary creation of new #currency that devalues existing currency.
It forces the average person to become an investor or gambler.
You only need to grow your wealth to keep up in an inflationary environment, otherwise you will do fine with just savings.
The world needs an alternate hard money whose supply cannot be increased.
They can transfer wealth or settle transactions instantly.
Network effect does not apply to all products and services.
What's your opinion about bitcoin?
What is "the network effect" and how it benefits #bitcoin ?
Network effects take places where more and more people use a product or services. Thier value increases with the user base.
One example would be when you buy a phone, you unknowingly increase the utility value of my phone, because then I can call you.
As more people adopt #bitcoin as a medium of exchange or store of value, its value will increase because then they can transact with each other.