WHAT ARE YOUR QUESTIONS?
Discussion
Yes, good question. Honestly, I have one major question that u am not sure how to ask, mainly because I probably don’t know enough about the technical aspects of the Bitcoin network/protocol. He uses the metaphor of the Chinese doctor creating a powder for medicine, only later to find that the black medicine powder could be used as gunpowder. Lowrey seems to assert that the monetised protocol called Bitcoin will actually be used for something more than money and that this is the true use of the monetised network. Hopefully I have this right. So the natural question to ask is what does the extension of the protocol look like? What applications develop on the network other than money that mean that nations rush in to not only buy BTC but also invest in mining and protection of the miners? (Please let me know if I misunderstand Lowrey).
SO FIRST THINGS FIRST… THIS IS A BIT LONG SO FAIR WARNING.
SECOND - THIS IS SIMPLY MY OPINION ON JASON LOWERY’S THESIS SO…
MY UNDERSTANDING IS THAT BITCOIN-AS IT STANDS IS THE WORLDS MOST DECENTRALIZED, SECURE, NETWORK BOUNDED BY ENERGY.
THE BITCOIN NETWORK’S FIRST USE CASE IS THAT OF A MONETARY NATURE (WHICH IS A COMPLEX EMERGENT BEHAVIOR OF THE NETWORKS SUCCESS). HE IS BASICALLY STARTING THAT THIS NETWORKS REUSABLE TOKENS CAN BE USED TO COMMUNICATE VALUE AMONGST EACH OTHER IN A FREE, OPEN, HONEST LEDGER THAT NO ONE (INCLUDING GOVERNMENTS) CAN CORRUPT FOR ANY INDEFINITE AMOUNT OF TIME-WHICH GIVES IT THIS BEHAVIOR OF WHAT WE USE AS MONEY…. AS WELL AS THAT OF A STORE OF VALUE AS WELL…
-MUCH LIKE GUNPOWDER WAS USED AS MEDICINE FOR CENTURIES BEFORE SOMEONE FIGURED OUT ANOTHER USE FOR IT-
NOW HOWEVER-THAT BITCOIN ALSO REPRESENTS SOMETHING FAR MORE POWERFUL THAN GUNPOWDER OR EVEN NUCLEAR WEAPONS… IT REPRESENTS A FORM OF POWER THAT IS CAPABLE OF DESTROYING THE LIES OF THE CORRUPT THROUGH ITS SINGULAR ABILITY TO SECURE AND COMMUNICATE INFORMATION THROUGH SPACE AND TIME IN AN INCORRUPTIBLE MANNER.
THE COMPLEX EMERGENT BEHAVIOR THAT SPINS OF OF THAT IS THAT THOSE WHO ARE THE BEARERS OF THESE TOKENS ARE REPRESENTING THE MOST FREE AND OPEN MARKET OF IDEAS IN HISTORY. WHICH DOESN’T REQUIRE ANY TRUST OF THOSE REPRESENTING THESE IDEAS BUT RATHER YOU CAN SIMPLY RELY ON THE FACT THAT THE BEST IDEAS ARE REPRESENTED BY THOSE WITH THE MAJORITY OF THE TOKENS…
ERRR… AT LEAST WHEN I GAME PLAY THIS OUT THAT’S WHAT I SEE… I DON’T KNOW HOW LONG THAT TAKES BUT I CAN SEE IT….
I MEAN THOSE IN PER RIGHT NOW STILL LIKELY FIGHT OVER THIS AT SOME TIME…(THOUGH IT WOULD BE A BETTER FINANCIAL DECISION FOR THEM TO JUST START BUYING BITCOIN AND PROTECTING THE NETWORK) - IT’S LIKELY SOME OF THEM WILL MISS THAT PART AND JUST RESORT TO THE FIGHTING.
HOPEFULLY AT LEAST SOME COOLER HEADS PREVAIL IN THE BIGGEST MARKETS CURRENTLY…
THOUGH THAT IS JUST MY BRIEF-NOT BRIEF- THOUGHTS ON YOUR QUESTION AT FIRST READ- I CAN TRY TO ELABORATE MORE I’D YOU WOULD FIND THAT WORTHWHILE?
ANOTHER BEHAVIOR IS THAT OF POWER…WHICH