WHAT IS MONEY? | Rooksby Residentia 1

According to Fidelity Digital Assets, sound money and quality money refer to assets that possess certain characteristics, with Bitcoin being a prominent example. The key attributes of sound money include:

Scarcity: Limited supply, which helps maintain value over time.
Durability: Ability to withstand the test of time and maintain its value.
Portability: Easy to transfer and store.
Divisibility: Can be divided into smaller units.
Fungibility: Interchangeable with other units of the same asset.
Verifiability: Transactions can be verified and trusted.
Censorship resistance: Difficulty for governments or institutions to restrict or control transactions.

Bitcoin, in particular, is considered sound money due to its:

Hard cap: Limited supply of 21 million coins.
Decentralized: No single entity controls the network.
Immutable: Transactions are irreversible and tamper-proof.
Open-source: Transparent and publicly accessible code.

Fidelity Digital Assets views Bitcoin as a form of quality money due to its ability to store value, facilitate transactions, and operate independently of traditional financial systems.

It's a passion of ours to exchange durable valuable building solutions for durable sound valuable money, although this appears niche and perhaps early, it's early only in the growth of merchant adoption using it as a medium of exchange. The largest investment asset companies such as mentioned above (Fidelity) as well as the global leader in investment products Blackrock know this future is rapidly approaching. Canadian banks BMO, National Bank of Canada as well as others already have invested in Bitcoin etfs. Companies such as Strategy (MSTR) stock have largely out performed Meta,Google, Apple, Microsoft by buying and storing their cash balances in Bitcoin. Countries are also using BTC for store of value purposes as well as a medium of exchange. (precisely what money is supposed to do.)

BTC is a global, neutral asset like no other. Miners and nodes around the world process these transactions without permission. There is no office, no CEO for Bitcoin, just the largest payments network on earth that's been processing these for 15 years without a glitch. There is safety in having no 3rd party risk associated.

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According to Fidelity Digital Assets, sound money and quality money refer to assets that possess certain characteristics, with Bitcoin being a prominent example. The key attributes of sound money include:

Scarcity: Limited supply, which helps maintain value over time.

Durability: Ability to withstand the test of time and maintain its value.

Portability: Easy to transfer and store.

Divisibility: Can be divided into smaller units.

Fungibility: Interchangeable with other units of the same asset.

Verifiability: Transactions can be verified and trusted.

Censorship resistance: Difficulty for governments or institutions to restrict or control transactions.

Bitcoin, in particular, is considered sound money due to its:

Hard cap: Limited supply of 21 million coins.

Decentralized: No single entity controls the network.

Immutable: Transactions are irreversible and tamper-proof.

Open-source: Transparent and publicly accessible code.

Fidelity Digital Assets views Bitcoin as a form of quality money due to its ability to store value, facilitate transactions, and operate independently of traditional financial systems.

According to Fidelity Digital Assets, sound money and quality money refer to assets that possess certain characteristics, with Bitcoin being a prominent example. The key attributes of sound money include:

Scarcity: Limited supply, which helps maintain value over time.

Durability: Ability to withstand the test of time and maintain its value.

Portability: Easy to transfer and store.

Divisibility: Can be divided into smaller units.

Fungibility: Interchangeable with other units of the same asset.

Verifiability: Transactions can be verified and trusted.

Censorship resistance: Difficulty for governments or institutions to restrict or control transactions.

Bitcoin, in particular, is considered sound money due to its:

Hard cap: Limited supply of 21 million coins.

Decentralized: No single entity controls the network.

Immutable: Transactions are irreversible and tamper-proof.

Open-source: Transparent and publicly accessible code.

Fidelity Digital Assets views Bitcoin as a form of quality money due to its ability to store value, facilitate transactions, and operate independently of traditional financial systems.

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