Bitcoin: A true property not subject to restrictions by authorities
In today's financial world, assets come in various forms, but Bitcoin stands out with its unique attributes, becoming a true property that is not subject to restrictions by authorities. In comparison, many other assets are essentially more like rights appendages.
The birth of Bitcoin is based on advanced blockchain technology. The distributed ledger feature of blockchain ensures the transparency, immutability, and security of Bitcoin transactions. Every transfer of Bitcoin is clearly recorded within a vast network of nodes, and no single entity can arbitrarily manipulate these records. This decentralized characteristic is the fundamental guarantee that Bitcoin is not subject to restrictions by authorities.
Traditional assets, such as fiat currency, have their value closely tied to the credibility of the issuing institution. Governments can decide the quantity of currency issued, monetary policy, etc., which makes fiat currency somewhat subject to the influence of power. For example, during an economic crisis, a government may issue a large amount of currency through quantitative easing and other policies, leading to currency depreciation. In contrast, the quantity of Bitcoin is limited, with a total of only 21 million coins. It is not controlled by any central bank, and no government or financial institution can arbitrarily increase or decrease its supply. This means that Bitcoin owners do not have to worry about their wealth suddenly shrinking due to decisions made by any authority.
In terms of cross-border asset transfer, Bitcoin also demonstrates unique advantages. Since it operates based on the internet, it can almost instantly be transmitted to any corner of the world, unaffected by borders, foreign exchange controls, and other factors. In contrast, cross-border transfer of funds often requires complex procedures and strict regulations through banks and other financial institutions, which largely represent the exercise of power by a nation or region, and this power exercise can sometimes lead to cumbersome procedures and high costs.
Looking at other forms of assets, such as real estate. Although real estate appears to be a tangible property, it is subject to numerous laws and regulations. Governments can impose restrictions on property owners through property taxes, zoning laws, etc. Additionally, in the stock market, issues such as management decisions of listed companies, government regulatory policies, and market manipulation can bring significant uncertainty to shareholders, and the value of stock assets is largely influenced by these external power factors.
From a more macro perspective, Bitcoin represents an ideal model of free property. It gives holders the ability to control their wealth autonomously in the digital world, where power finds it difficult to intervene in individuals' wealth domains. Although Bitcoin currently faces challenges such as regulatory uncertainty and significant price volatility, its characteristics as a true property not excessively restricted by power have drawn increasing attention and contemplation. With technological advancements and shifts in societal perspectives, Bitcoin may play a more important role in the future wealth system, becoming an essential component of people's pursuit of truly free and controllable property.