Corrupt the money
Corrupt the incentives
Corrupt the society
Repeat decline of all three until new money and society is established.
Let’s end the cycle. #BTC
the shitty system makes it necessary in the first place and accelerates the social progress
#[0] How advanced is Hyperbitcoinization? What are the indications?
Watching the chain can be quite relaxing.
Energy consumption is about producing a costly signal that is self-evident and can't be faked, not processing transactions. This signal is used to resolve synchronization conflicts, keep a constant heartbeat, and create a public cryptographic shield around the past. #Bitcoin
Just bought some more sats because I love future me. #Bitcoin
#Bitcoin is an invention that solves a humanitarian problem. Altcoins take a solution (blockchain) and try to find a problem. Remember.
Unfortunately we live in a system that will not allow us to thrive or strive and has continually been literally on our necks. So, my macro solution for this problem for everyone is to opt-out and exit the economy as a whole. And the way we do that is by buying bitcoin.
#Bitcoin is the ultimate "fuck you" to the system. It is the opt-out. The beginning of the revolution. It takes power away from those who use $ to control people. They can't control Bitcoin and therefore they are not able to control people. Think about it.
Once Bitcoin achieves true mainstream acceptance, people will wonder why they didn't take advantage of this opportunity. It will be so obvious in hindsight.
#Bitcoin is something incredibly special. The fact that it has made it this far is almost a miracle. It is the only truly decentralized coin. True decentralization is extremely rare and no other altcoin will ever be able to duplicate this feature.
Completely decentralized and organic growth without a central party behind it. This was only possible because Bitcoin came first. This was only possible with Bitcoin and will never be possible again.
For an altcoin to succeed, you always need a company or foundation behind it and lots of marketing to counter Bitcoin even a little bit. This is what gives Bitcoin its scarcity. This is what makes it digital gold.
If Bitcoin ever fails, either through a mistake, a controversial hard fork, an infight, or another coin taking its place, the scarcity property will be gone and ...
... the dream of decentralized sound money will likely be lost forever. But each day that Bitcoin lives on, fortunately, becomes less and less likely. That's why Bitcoin needs to be protected at all costs. People hate Bitcoin maximalists, but they should thank them.
It should be in the interest of this entire industry to make Bitcoin a success. It needs to succeed in every way. We only have one chance.
2010 - Satoshi decentralizes Bitcoin by leaving his leadership role as creator and never commenting on its development again. The Bitcoin community organizes itself and evolves into a new kind of global institution.
2011 - The Silk Road demonstrates one of Bitcoin's greatest virtues. It cannot be censored or confiscated. One drawback? It's not private. The Mt. Fox fiasco highlights infrastructure deficiencies; the lack of secure custody standards; and the systemic risks posed by the exchange.
2012 - BIP23 formalizes the concept of mining pools , an emerging structure that further decentralizes power structures in Bitcoin. BIP32 introduces HD keys and sets a new standard for Bitcoin storage and user onboarding via more secure wallets.
2013 - BIP39 introduces Mnemonic Keys for Bitcoin. For the first time in human history, you can store your wealth in your brain by memorizing 12 words. No central intermediaries required.
2014 - BIP42 makes it impossible for Bitcoin 21M cap to be violated by continuous mining. Minning is industrialized and the hash value exceeds 100 PH / s for the first time. Meanwhile, experts claim Bitcoin is dead and the future is "Blockchain, the miraculous database"
2015 - On-chain volume reaches an all-time high and tensions are visible. Power structures in Bitcoin are tested with 9 competing GDPs to increase block size. We faced the question: who controls Bitcoin? Miners? ❌ developers? ❌ personalities? ❌ users ✅
2016 - "The Bitcoin Lightning Network" is published. As the risks of on-chain scaling become clear, promising alternatives like Lightning show that a multi-layered, backward-compatible approach to technological innovation is possible.
2017 (a) - The global speculative bubble brings Bitcoin to the masses. Orange Bs are everywhere to be seen. Infrastructure is being pushed on all fronts. Custody, markets, wallets, education. Bitcoin is becoming a liquid commodity worldwide.
2017 (b) - One of the most important events in Bitcoin history also takes place in '17: the SegWit2X fork. There is an attempt to outsmart Bitcoin with a lot of enterprise support: the ultimate stress test of Bitcoin governance USAF confirms that users are the ones in charge
2018 - "Enterprise Blockchain" is now a sad meme. The ecosystem outside of Bitcoin faces a number of hard lessons: Scaling is difficult, governance in the chain is flawed, deployment takes time, and you may have broken the law. Institutions are converging on BTC.
2019 - Bitcoin is now a movement with representatives everywhere; in media, government, traditional finance, tech. It's like Fight Club, but rule #1 just to talk about it. Bitcoin started this decade on the fringe. We now have a Bitcoiner in a U.S. Senate.
Bitcoin was spoiled for choice several times during this decade ... it didn't. Its power structures were tested again and again. Yet here we are. Who would have thought that a leaderless system that converts electricity into money would last this long?
Expand these bullets
Bitcoin is the most honest network.
The value of bitcoin is irrefutable
Bitcoin is the purest signal.
We have created the safest network because it creates absolute scarcity.
The dominant network that always speaks the truth.