GetBittr on Nostr: π©ππππππ ππ πππ ππππ ...
π©ππππππ ππ πππ ππππ πππππππππππ πππππ ππ πππ πππππ
.
Every time someone tries to kill it, Bitcoin becomes even more resilient. By now, Bitcoin is strong enough to withstand a nation-state attack. Remember the China mining ban in 2021?
The hashrate dropped, but today, no one really cares about that anymore because Bitcoin quickly recovered and is now regularly hitting new all-time highs in mining hashrate. Itβs simply too decentralized, with no single point of failure. You can't shut down all the miners and nodes at once, and every time someone tries, Bitcoin just grows stronger.
βBitcoin is the most antifragile system ever invented. It becomes stronger every time itβs attacked.β - Michael Saylor
Bitcoin is superior to other systems because it makes small improvements one step at a time, rather than building something overly complex from scratch every time an update is needed. Thatβs exactly whatβs required. Bitcoin is too important to take risks and break things. A global, decentralized financial system needs a strong foundation.
One key aspect of Bitcoinβs resilience is the simplicity of its core protocol. Building functionalities like Lightning on the main chain would just create attack vectors.
Bitcoin doesnβt need constant updates to become better and drive adoption. There are plenty of external factors (like banks printing tons of money) doing that work for it.
Every time someone tries to kill it, Bitcoin becomes even more resilient. By now, Bitcoin is strong enough to withstand a nation-state attack. Remember the China mining ban in 2021?
The hashrate dropped, but today, no one really cares about that anymore because Bitcoin quickly recovered and is now regularly hitting new all-time highs in mining hashrate. Itβs simply too decentralized, with no single point of failure. You can't shut down all the miners and nodes at once, and every time someone tries, Bitcoin just grows stronger.
βBitcoin is the most antifragile system ever invented. It becomes stronger every time itβs attacked.β - Michael Saylor
Bitcoin is superior to other systems because it makes small improvements one step at a time, rather than building something overly complex from scratch every time an update is needed. Thatβs exactly whatβs required. Bitcoin is too important to take risks and break things. A global, decentralized financial system needs a strong foundation.
One key aspect of Bitcoinβs resilience is the simplicity of its core protocol. Building functionalities like Lightning on the main chain would just create attack vectors.
Bitcoin doesnβt need constant updates to become better and drive adoption. There are plenty of external factors (like banks printing tons of money) doing that work for it.