The Most Important Property of Bitcoin Is Its Statelessness and Censorship Resistance

Bitcoin's most important property is precisely its statelessness and its censorship resistance. It mirrors physical cash and that it is a bare asset that can be exchanged directly without identity verification. There is no one party or set of parties that controls the protocol. Point for this reason enables direct peer-to-peer transacting using self-hosted wallets, basically a digital version of the wallet you carry around in your pocket.