Bitcoin is digital cash that runs on a public ledger called the blockchain. It is hard-capped at 21 million coins, making it resistant to inflation and debasement. One Bitcoin can be split into 100 million sub-units called satoshis, making it accessible for everyday savers. Bitcoin is borderless and permissionless - anyone, anywhere can send value to anyone else in about 10 minutes, without asking permission from banks or governments.

Sound money serves as a store of value that preserves purchasing power over decades, acts as a hedge against inflation to protect savings from currency debasement, and incentivizes the future by encouraging long-term thinking.

Is Bitcoin backed by anything?

Bitcoin is backed by mathematics, cryptography, and the largest computer network in the world. Gold isn't 'backed' by anything either: its value comes from scarcity and network effects, just like Bitcoin.

Is Bitcoin actually used for anything?

Bitcoin is used daily for remittances, savings, and commerce around the world. Countries like El Salvador have adopted it as legal tender. It's become a store of value for individuals and institutions alike.

Are Bitcoin transactions slow and expensive?

Bitcoin transactions settle in 10 minutes on average and cost a few dollars. Compare this to international wire transfers that take days and cost $30+. Lightning Network enables instant, near-free payments.