Big Barry Bitcoin on Nostr: In a nutshell (okay, let's try this and keep it short... 😮💨) Bitcoin is the ...
In a nutshell (okay, let's try this and keep it short... 😮💨)
Bitcoin is the discovery of a set of rules and incentives paired with cryptographic technologies that enable it to produce a set of records that is protected directly by time and energy.
It comes with units that are treated as monetary units and its use as part of the incentive mechanism makes it just as important as everything else. This is why it cannot be repurposed for other non-monetary purposes.
The rule is that the set of records with the most amount of time and effort invested into it is the truth. This is why other proof of work Cryptos cannot compete and without proof of work, the rest of them are hardly revolutionary and actually reinvent fiat money with extra steps.
Bitcoin was developed off the backs of many years of research and development and failed attempts, but it hit the sweet spot. It will not just go away and with its hard supply cap and it not being comparable to anything else, it is uniquely hard money and it is effectively inevitable to become the next money used around the world.
The only thing that could kill it is an undiscovered but critical bug that can only be fixed by changing one of its core principals, such as its decentralized nature.
So no. I don't think anyone can ever be too late. If the question is am I too late to get ultra rich, maybe, but probably not. But if the question is am I too late to acquire and use better money, the answer is never yes.
Bitcoin is the discovery of a set of rules and incentives paired with cryptographic technologies that enable it to produce a set of records that is protected directly by time and energy.
It comes with units that are treated as monetary units and its use as part of the incentive mechanism makes it just as important as everything else. This is why it cannot be repurposed for other non-monetary purposes.
The rule is that the set of records with the most amount of time and effort invested into it is the truth. This is why other proof of work Cryptos cannot compete and without proof of work, the rest of them are hardly revolutionary and actually reinvent fiat money with extra steps.
Bitcoin was developed off the backs of many years of research and development and failed attempts, but it hit the sweet spot. It will not just go away and with its hard supply cap and it not being comparable to anything else, it is uniquely hard money and it is effectively inevitable to become the next money used around the world.
The only thing that could kill it is an undiscovered but critical bug that can only be fixed by changing one of its core principals, such as its decentralized nature.
So no. I don't think anyone can ever be too late. If the question is am I too late to get ultra rich, maybe, but probably not. But if the question is am I too late to acquire and use better money, the answer is never yes.