The big wave is coming.
Bitcoin is seven years old now. It weathered big storms. Silk Road, Mt.Gox, bubbles, crashes, its declared failure, the supposed disclosure of Satoshi’s identity. The block size debate is raging. Forks of Bitcoin software appeared and died: BitcoinXT, Bitcoin Unlimited, Bitcoin Classic. And still the father of all crypto is chugging along, one block every ten minutes.
The halving approaches. People claim it will kill the price, they claim it will kill the miners, they claim it will make fees too high, they claim the price will skyrocket.
And still the old dude is chugging along, one block every ten minutes.
Every new block that comes to life is proof of Bitcoin original statement. The fucker is resilient and antifragile. No matter how hard you beat it, it still keeps going.
Ok, in case you missed Vinny Lingham’s epic post, you can find it here. Read it.
I just want to add, my 2 cents.
It’s years I’m active in the Bitcoin community and outside of it, trying to explain the cryptocurrency to people out of the loop.
Because of my business I got easy access to a lot of people from all walks of life. I always found that oldest, not tech-savvy people in the past dismissed easily Bitcoins as a scam, a ponzi-scheme, a thing for criminals, money laundering and internet fraud. Then things began to change. Long years passed since Bitcoin inception. The world got worse. Economic crisis bit hard on middle class, banks frauds and manipulation are exposed daily, even political systems began to crumble. Look at the Trump candidacy. No pundit would have bet on the actual results. What does this tell you?
The wave has turned. The whole trust system that kept our political and economic system running for so long is collapsing.
People now ask me how to buy bitcoins, how to make investment in crypto space, how to use cryptocurrency to regain power and freedom. They realize they need to pour a faction of their money into this strange thing, as a hedge against the next hyperinflation wave (helicopter money, anyone?), as protection against government robbery, as a tool for economic confidentiality.
And these are no kids. They have money.
Think about a contrariwise bank run.
They will come in droves, bidding each other out for a piece of the pie.
This is the big wave Bitcoin will ride.
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