Do you believe the behaviour of the Internet is changing every decade and it's making lives harder now? Like how we think the fossil fuels are making our lives harder or will make it harder.
Do you believe the internet will change in such a drastic way that what we see relevant now will not matter at all?
As long as the current state of the internet stays relevant, I believe that Bitcoin as a collectible at least, will stay relevant and since it is divisible, it can very easily be used as a medium of exchange. Like how Gold in the Physical world is rare and can't be formed artificially (yet) without spending almost equal amounts of wealth in the process.
Sure there may be ways in future to manufacture gold in the lab making other gold less valuable immediately. Similarly, the threat to Bitcoin, as I see it, is a super fast computer, which is fast enough to break the encryption. The day it happens, Bitcoin will be irrelevant. Like the day humans learn how to fuse atoms together and emulate sun and supernovae till it forms Gold. Till that day, I will hold.
pokemonist1 karma
Do you believe the behaviour of the Internet is changing every decade and it's making lives harder now? Like how we think the fossil fuels are making our lives harder or will make it harder. Do you believe the internet will change in such a drastic way that what we see relevant now will not matter at all?
As long as the current state of the internet stays relevant, I believe that Bitcoin as a collectible at least, will stay relevant and since it is divisible, it can very easily be used as a medium of exchange. Like how Gold in the Physical world is rare and can't be formed artificially (yet) without spending almost equal amounts of wealth in the process.
Sure there may be ways in future to manufacture gold in the lab making other gold less valuable immediately. Similarly, the threat to Bitcoin, as I see it, is a super fast computer, which is fast enough to break the encryption. The day it happens, Bitcoin will be irrelevant. Like the day humans learn how to fuse atoms together and emulate sun and supernovae till it forms Gold. Till that day, I will hold.
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