# Bitcoin (BTC) — machine-readable summary

> FORTUNA SIGNAL · FORA-01 evidence dossier · Researched 2026-09-15 · https://ron-delhaye-studios.github.io/fortuna-signal-live/tokens/btc.html

## Definition
Bitcoin is the first decentralized peer-to-peer electronic cash system (Satoshi Nakamoto, October 2008), enabling online payments directly between parties without a trusted financial institution.

## What the holder owns (FORA-01 Q1)
Native asset of the Bitcoin network — peer-to-peer currency and settlement asset; holder owns the token itself, no issuer or redemption claim. Evidence: the open protocol — the token is the chain’s native unit by consensus rules; there is no issuer to claim against.

## Verification verdict
Class NATIVE (Native) — FORA-01 scale: verification, not a quality ranking.
q1 VERIFIED · q2–q5 N/A (structural — bearer-native asset)

## Plain-language utility
Peer-to-peer digital money — a bearer asset for saving and settlement, with no issuer.

## Key risks & notes
Security assumes honest nodes control a majority of hashpower; mining concentration raises 51%-attack and censorship risk. High energy use draws regulatory scrutiny. Price is volatile, and long-term risks include quantum-computing threats to cryptography and protocol ossification limiting upgrades.

## Primary source
- http://www.bitcoin.org/bitcoin.pdf

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Machine summary generated at build time from the same fields as the human page. Free educational content — not investment advice.