Suitability of ₿itcoin as a money 1. **Durability**: Bitcoin is a digital commodity that exists in the "cloud" and is not subject to rot or decay. 2. **Divisibility**: Bitcoin is divisible up to 10^8 units, and on higher layers, it can be divided further. For example, the primary unit of Bitcoin on the Lightning Network is one BTC divided by 10^11. 3. **Portability**: Bitcoin is highly portable; all that is required to possess or spend it is a secret that can be memorized. 4. **Uniformity**: Although Bitcoin could be considered nonuniform due to traceability through the public ledger, it can be made uniform again through the Lightning Network, an exchange, or a mixer. 5. **Recognizability**: Bitcoin is recognizable by verifying a copy of the ledger using a known-good copy of the Bitcoin source code. This allows any receiver of Bitcoin to instantly assay (verify) the payment during a transaction. 6. **Stability of Value**: While Bitcoin's price may experience daily fluctuations, its value is largely tied to the cost of energy, mining equipment, and trust in the digital asset. Though it may seem unstable to a casual observer, its long-term trend provides a reliable store of value. 7. **Scarcity**: The Bitcoin codebase guarantees scarcity with a fixed supply of approximately 21 million total mined bitcoins according to the block reward distribution schedule. The receiver verifies the payment against the code and the blockchain to enforce its validity.