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    Author Topic: What makes bitcoin valuable beyond its price?  (Read 881 times)
    wapwapwendy (OP)
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    Today at 09:52:33 AM
     #101

    Bitcoin discussions usually focus on price, adoption, and market cycles.

    But what do you think gives Bitcoin its strongest long-term value: decentralization, scarcity, security, utility, or something else?
    Well If we are keeping the price aside, then we can only take out scarcity from the things you've mentioned, because the rest contribute in its overall value as an asset or a currency. It gives you the power of managing everything independently without involving any third-party because it's decentralized. It has great security because attackers and hackers can hack into wallets and systems where people keep their assets by finding loopholes, but they can't hack into the blockchain itself or do anything through that, so it's pretty secure as a network, and when it comes to the security of your funds, it all depends on how you keep your assets secure, because if you do a good job at that, no one can reach them.

    Lastly, utility is one of the strongest in the list, because since its decentralized, there will never be problems such as someone blocking a transaction you have made for some reason just like how banking channels do, there is no one to block your account and keep your funds locked if you use non-custodial services and have self-custody of your assets, and there is no limit on how much money you can hold or send as long as you can manage all that yourself and won't mess everything up. I think this is one of the most beautiful things about Bitcoin as a whole, and this is surely going to be a very strong long-term value for Bitcoin.
    The self-custody part is what makes Bitcoin different for me. It changes the relationship you have with your money because you’re not just holding an asset, you’re responsible for controlling it yourself. That kind of financial independence is hard to replicate with traditional systems.
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