The Bitcoin Economy Is Circular – Bitcoin Magazine

This is “Alex Svetsky is the opinion editor.The Uncommunist Manifesto,” founder of The Bitcoin Times and host of the “Wake Up With Svetsky Podcast.”

Bitcoin is the perfect money. It embodies all the characteristics and functions of money:

  1. Store of Value (SoV)
  2. Medium of Exchange (MME)
  3. Unit of Account (UoA)

…and does so in such a way that any person or participant from anywhere in the world:

  1. Save your wealth without stealing it invisibly
  2. Spend it without some Big Brother-type entity telling them what or who they’re allowed to do it with
  3. Count, check and see what they have, when they bought it and how much it is in total.

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