Quinton

Competing for untapped scarcity (value)

The only real stable coin is #Bitcoin. 1BTC = 1BTC

#Bitcoin is an archive for humanity to impose its truths.

My current what Bitcoin really is take: #Bitcoin structurally is governed by a decentralised network of nodes expending watts to impose a physical cost constraint to deter corruption of the system. This energy expended also produces unique compute that converts that specific work into the bitcoin unit itself. That unit has a capped supply which redeems the absolute scarcity characteristic. The scarcity of the units incentivises economic actors to ruthlessly attempt to acquire these units to wield the optimal purchasing power. This alone draws the attention of everyone operating in any of the conventional “money” networks. Fiat monies and commodities. Bitcoin mining as a result becomes highly competitive and expansive. Hash rate goes parabolic, meaning the security and decentralization of the network also goes parabolic. All this energy expended into the network for what though exactly. What could possibly account for this much energy and significance? History. Yes that’s right history. For the first time ever, we now have a ‘book’ that is forever expanding that cannot be changed or manipulated. Seriously profound. A foundation for the human race to start a new story that is govern by truth. An immutable memory bank for history to be written. No more lies, or altercations. This is what Bitcoin really is. History.

“The security of title in property — the knowledge that you own something and that this fact cannot be altered arbitrarily — is one of the foundations of civilization itself.” —Nick Szabo