A VERY good deep-dive into what Bitcoin really is by Mark E. Jeftovic

You probably read many articles about bitcoin. But you surely haven’t read one like this one. It really makes you think, it doesn’t talk about any technical stuff, but about what bitcoin really is and how it compares to other types of money or utilities. Very good reading.

In Part I we took a look at “What Bitcoin Isn’t”, where all the usual comparisons and analogies around Bitcoin were shown to be poor fits in explaining what the phenomenon really is, ending on the obvious next question:

What is Bitcoin then?

 

By Mark E. Jeftovic

 

 

 

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