Henry J on Nostr: Bitcoin is a self-fulfilling prophesy. Bitcoin likely passed it’s zero-to-one ...

Bitcoin is a self-fulfilling prophesy. Bitcoin likely passed it’s zero-to-one moment many market cycles ago, after its value was first bootstrapped and it survived its first “bear market”. At this point, barring a quantum computing advancement that undermines the cryptography used in Bitcoin, a Bitcoin standard is pretty much inevitable in my view. Even an attack by the state would in most cases be an attack on Bitcoin holders, not on Bitcoin itself.

“The government puts the people in a Prisoner’s Dilemma against one another, and Bitcoin does the same to government agents.” - https://nakamotoinstitute.org/mempool/bitcoins-shroud-of-subtlety-and-allure/