[BITCOIN has been around for 16 years and has already brought hundreds of thousands of % price increases to its loyal disciples] THE BANK IS A JOKE!!
mina634
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bitcoin we trust
Bitcoin is the first system where:
time costs energy
history cannot be rewritten cheaply
👉 This is a completely new thing in the history of humanity.
👉 Bitcoin is not a stable asset, but it is an extremely resilient system.
👉 Deflationary dynamics favor long-term upward price pressure.
👉 Philosophically and technically, Bitcoin is a purer asset than tokenized gold.
Genetic or Statistical Modeling of Genius
If we calculate the overall probability of genius:
Human IQ or creativity → ~1/10,000 level
Multidisciplinary genius → ~1/1,000,000
Global impact → ~1/100,000,000
So Satoshi-level “global genius” is a rarity, < 1 genius per century in the world.
“Bitcoin is rule-based mathematics enforced by physics;
fiat money is policy-based mathematics enforced by authority.”
But those who went to school don't understand the size of the key:
if 2¹²⁸ is “all the grains of sand on Earth”
then 2²⁵⁶ is “all the grains of sand in the universe”
Satoshi Nakamoto made the bitcoin code foolproof. If today's core goes haywire, a better fork will immediately emerge to take its place, continuing Satoshi Nakamoto's ideas. Because one of the requirements is that it be in open source. And it works.
MetaMask-type wallets have completely removed Satoshi Nakamoto's ideas and use "node" intermediaries. And why not add KYC as well?
If quantum secure updates are needed - then it makes sense to update all lost and Satoshi Nakamoto addresses to a 100% decentralized supply address - where everyone can buy those bitcoins again - and to the final quantum glove version!!
Bitcoin has now officially passed a security audit. At least Peter Schiff can't say that security is zero and therefore goes to zero.
I think secure cryptocurrency should stay on the L1 network. L2 is risk money. Like burning FIAT money. Burns faster.
Bitcoin can make surprisingly large price increases - and less falling, crashing price declines.
bitcoin we trust
It amazes me that the government initially fought against blockchain with all its media and now accepts it, albeit on its own terms. Open source software has been legal since 1985. (GNU)