Bitcoin Use-Case Scenarios

Bitcoin is decentralized money comprising: 21 million Bitcoin  x 100 million sats, and a decentralized network.

1. Hedges against fiat debasement (money printing).
2. Hedges against sovereign default. “Why Every Fixed Income Needs To Consider Bitcoin As Portfolio Insurance,” by Greg Foss, Twitter @FossGregfoss
3. Ensures property rights with a capital flight contingency when using a private key (noncustodial).
4. Protects human rights.
   1. Censorship-resistant. Censoring Bitcoin transactions is effectively impossible.
   2. Second-layer transactions provide cash like privacy.
5. Best Store-of-Wealth, market cap grows forever comprising of: 
   1. Best stock-to-flow scarcity model (hardest asset).
   2. Network effect (Metcalfe’s law) for Bitcoin’s decentralized network.
   3. Network effect (Metcalfe’s law) for Bitcoin’s second-layers.
   4. For savings, time, work and energy increasingly flow to the hardest, most-scarce asset.
6. Best, medium-of-exchange for large transactions (Bitcoin network confirms, a verifiable transaction in about 30 minutes).
7. Best medium-of-exchange for everyday transactions. 2nd layer, Lightning Network confirms a transaction in less than 2 seconds and cost less than $0.01.
   1. More secure than Visa
   2. More private than Visa
   3. More inclusive than Visa
   4. More energy efficient than Visa
   5. More transaction capacity than Visa
8. By combining the three previous use-cases, it should be clear that Bitcoin (sats) will continue to displace fiats and become the preferred, global unit-of-account.
9. Remittance transaction reduced to less than a penny, a small fraction of Western Union and other International Money Transfer. Also thousand times faster. Confirmation on Lightning Network is less than 2 seconds.
10. Inclusion of the unbanked, disenfranchised and subjugated. All you need is a phone for near-zero cost transactions and real savings (not nominal fiat savings).
11. Radical Inclusion.  When technology improves and the resulting savings are added to Bitcoin, hodlers benefit.
12. Reveals currency manipulation by approximating real exchange rates.
13. Promises a decentralized, internet network stymied by Beijing’s Great Firewall. Lightning Network will increasingly provide transactions, savings and free speech for the unbanked, disenfranchised and subjugated.
14. Decentralized Bitcoin separates money and state. Decentralizes centralized economies into a free-market monetary systems.
15. Proof-Of-Work (POW) accelerates renewable energy (Energy use is climate neutral. Burning fossil fuel aggravates climate change).
    1. Puts stranded power to work with minimal transformer transmission costs
    2. Incentives geothermal development, and other renewables that would otherwise not be developed.
    3. Reduces flared gas emissions.
    4. The combination of utility power and Bitcoin mining reduces consumer costs.
    5. Proof-of-Work also incentives efficient computer chips.
16. Bitcoin is ESG (Environmental, Social and Governance) ... flips the incentive from hyperconsumption to conservation. 
    1. Technology’s deflationary force is accelerating. Jeff Booth's book, “The Price of Tomorrow".
    2. Fiat printing inflates monetary supply, centralizing productivity gains and devaluing wages, savings fixed income ... triggering more Keynesian stimulus, accelerating the debt spiral.
    3. Bitcoin is the only way out.
    4. Fiat is the environmental disaster. Bitcoin is the apex environmental solution. (Pretending climate change is not a problem is a disservice to bitcoin’s environmental message. Using energy is not a problem. Burning fossil fuel is the problem.) 
17. BTC moving Notes and Bonds to Free-Market interest rates.
    1. Money printing has transformed the U.S. into a centralized economy.
    2. Fiat is broken and continues to drift away from free market forces.
    3. Hyper-consumption, artificial low, manipulated rates can likened to holding a beach ball under water (see next use-case).
18. Speculative Attack on USD.
    1. MircroStrategy issues USD notes to purchase BTC. 
    2. El Salvador (SV) issues USD Volcano Bonds or Bitcoin Bonds. Out of $1Billion:  $500 million purchases BTC and remaining $500 million for SV infrastructure, some of the $500 million to develop volcano geothermal for BTC mining.
    3. Speculative Attacks may grow exponentially with corporations issuing USD notes for BTC and nations issuing USD bonds for BTC.
19. Central Banks hold BTC to defend against speculative currency attacks.
    1. George Soros performed a speculative attack on the British pound in 1992 where he sold more than $1.5 billion of U.K. sterling. The British government withdrew from the Exchange Rate Mechanism.
    2. George Soros made over £1 billion in profit by short selling sterling.

Use-Case masquerades and obfuscation: 

Blockchain not Bitcoin. Beijing's favorite talking point.

Pre-mining is a centralization and the cryptocurrency may be subject to regulation as a security.

There are many DINOs: Decentralized In Name Only. Bitcoin is the most decentralized cryptocurrency.