Dark⚡J on Nostr: After many tens of thousands of hours of autistic-driven research on the subject of ...
After many tens of thousands of hours of autistic-driven research on the subject of Bitcoin, below is my thesis. I present this not to try and get anyone to buy Bitcoin. One of its core values, per the protocol itself, is to not trust, but verify. I present this as a starting point for those who may not currently have the ability to invest this kind of time and energy. I would not recommend that anyone buy large quantities of anything that they don't deeply understand. Unfortunately, our own governments have been forcing us to do this for decades with their increasingly worthless fiat currencies, but I digress.
Bitcoin is not merely a new digital or "internet" version of our current currency. It is the discovery of absolute digital scarcity itself, a new form of alien technology that humanity has never experienced before. This kind of discovery can only happen once in our known history (much like the wheel could only be discovered once). Once the cat is out of the bag, it's not going back in. People have tried to replicate Bitcoin, and that is what you see in the ocean of similar crypto assets that have been created since its inception. However, you cannot replicate absolute scarcity, because it's not the same thing now, is it? Understanding this is the key to beginning to understand Bitcoin. All of these crypto assets, as well as all equities, bonds, real estate, and everything else is going to zero against Bitcoin, forever. We now have enough history and data in Bitcoin to make an informed decision about this.
Bitcoin is a superior form of property, because it cannot be replicated. There will only ever be 21 million Bitcoin for all of humanity for all of time. It cannot be diluted, and there can never be more made, despite how valuable it gets. This kind of asset was only ever possible in digital form, because anything existing in physical reality can be replicated. What this means is that Bitcoin can and does function as a superior form of asset over everything else. It's currently in its early adoption phase, which is why it's so volatile against other assets. But volatility is life, and its the price you must pay for early adoption. Bitcoin is also an open peer to peer protocol and network, meaning that it's impossible for any government, institution, or individual to ban Bitcoin. These entities can only ban themselves from Bitcoin.
So what does this all mean? While it's possible to ban yourself from, or avoid Bitcoin altogether, eventually you will not be able to avoid the consequences of others having a superior form of money than you. Just like all assets will go to zero against Bitcoin, if you follow this path, your net worth will go to zero against those around you who chose the superior form of money. While there is currently an option to learn about Bitcoin and its implications and front-run most of humanity on this once-in-a-species discovery, the clock on this option is quickly winding down. Game theory has already begun to kick in. Godspeed.
Bitcoin is not merely a new digital or "internet" version of our current currency. It is the discovery of absolute digital scarcity itself, a new form of alien technology that humanity has never experienced before. This kind of discovery can only happen once in our known history (much like the wheel could only be discovered once). Once the cat is out of the bag, it's not going back in. People have tried to replicate Bitcoin, and that is what you see in the ocean of similar crypto assets that have been created since its inception. However, you cannot replicate absolute scarcity, because it's not the same thing now, is it? Understanding this is the key to beginning to understand Bitcoin. All of these crypto assets, as well as all equities, bonds, real estate, and everything else is going to zero against Bitcoin, forever. We now have enough history and data in Bitcoin to make an informed decision about this.
Bitcoin is a superior form of property, because it cannot be replicated. There will only ever be 21 million Bitcoin for all of humanity for all of time. It cannot be diluted, and there can never be more made, despite how valuable it gets. This kind of asset was only ever possible in digital form, because anything existing in physical reality can be replicated. What this means is that Bitcoin can and does function as a superior form of asset over everything else. It's currently in its early adoption phase, which is why it's so volatile against other assets. But volatility is life, and its the price you must pay for early adoption. Bitcoin is also an open peer to peer protocol and network, meaning that it's impossible for any government, institution, or individual to ban Bitcoin. These entities can only ban themselves from Bitcoin.
So what does this all mean? While it's possible to ban yourself from, or avoid Bitcoin altogether, eventually you will not be able to avoid the consequences of others having a superior form of money than you. Just like all assets will go to zero against Bitcoin, if you follow this path, your net worth will go to zero against those around you who chose the superior form of money. While there is currently an option to learn about Bitcoin and its implications and front-run most of humanity on this once-in-a-species discovery, the clock on this option is quickly winding down. Game theory has already begun to kick in. Godspeed.