Planting Bitcoin Part One: Species

Let's first start by identifying the newest species of money, bitcoin.

Bitcoin is a new form of life, a new species of money called "Cryptocurrency." More importantly, it is "Sound money," or using proper taxonomy, "Sanum pecuniam." Sound money is defined as money that has a purchasing power determined by markets, independent of governments and political parties which is essential for individual freedom.

A new bitcoin block is found every 10 minutes, this genetic code enables Bitcoin's cells to effectively communicate and coordinate with each other despite enormous distances.

Bitcoin is a new species that has vastly superior traits to its predecessors.

Bitcoins are fungible at the network level, meaning that every bitcoin, when transmitted, is treated the same on the Bitcoin network.

Because bitcoins are traceable on the blockchain, a particular bitcoin may become tainted by its use in illicit trade and merchants or exchanges may be compelled not to accept such tainted bitcoins.

Bitcoins can be divided down to a hundred millionth of a bitcoin and transmitted at such infinitesimal amounts.

Bitcoin's PoW ensures the cost to mine a Bitcoin is near equivalent to how much it would cost to purchase one on an exchange.

With this understanding, it is hard to imagine Darwin contesting the opinion that Bitcoin possesses the necessary traits to become the dominant species of money.

In Part 2, I will cover the season in which Bitcoin was planted - the 2008 financial crisis.