TL; Fault DR
- Bitcoin has won the currency battle – Fiat or Digital –
- The various features of BTC have made it a superior asset in human history
Bitcoin has been a unique asset in the World Financial History Yearbook – a very secure, scarce, decentralized, valuable and portable asset.
It has much higher access than safe gold. It has a much higher return than real estate. Unlike stocks and shares, its supply does not change suddenly. It even competes with giants like Visa in terms of speed and cost.
The popularity of cryptocurrencies is growing. It has more users than the Internet in the 1990s. It is worth more than $ 900 billion. This is already a catastrophic threat to the global economy.
Opponents, however, continue to clash over BTC. Everyone knows how railway management is always greener than driving. What if the whole use of energy to build a fully operational and interconnected railway? History shows how rail networks have been built over decades for hundreds of billions of dollars to transport people at low cost.
Yes, consider bitcoin as a cyberspace railroad.
Net energy bitcoin is on the move
The amount of energy required to build this huge, secure, decentralized and surplus network is staggering. When the job is done – and it almost will be now – anyone can send cash to the rest of the world at almost no cost.
The transaction is completed and validated in the Bitcoin China blockchain, which acts as a global financial office without the need for an intermediary. There is no charge for payment when sending bitcoins across borders. Instead, you pay for an intermediary service that removes your IP address from the metadata of each transaction.
The Bitcoin revolution has revealed the hidden potential of Earth energy
Everything is either physical or energetic. Humans need energy to live. We are always transforming one form of energy into another.
Take electricity as an example. The limit for power transmission is usually 500 miles – a difficult limit. As the human population grew, cities grew and needed more electricity. Therefore, power plants are built to meet electricity needs. A lot of energy was used to make it happen.
Similarly, endless energy is stored in seas, oceans, deserts, forests, and so on. Much of the energy trapped in non-hospitable areas is still pristine. What if there is a way to use this kinetic energy and turn it into power? And since this is an unacceptable area and has no use for humans, what if this power can power a bitcoin mining plant?
You have now turned natural and sustainable energy into a financial instrument. Multiply by one billion. There are about one billion places on the planet that we overlooked because they are so far away.
Completely decentralized, invisible and refillable network of bitcoin towers to create a secure and independent asset infrastructure. Mother Nature offers power.
Since no one lives there, we do not need this energy to be provided in our homes. What about using it to extract bitcoins instead?
However, in reality, more energy is not equivalent to more bitcoin. Isn’t it right that more gold is available and we get paid for it? What is not the way gold moves?
You can not because the difficulty setting is beautiful. Unlike Fiat money, which can be produced from thin.
The first law of thermodynamics, which states that energy is created or not destroyed, is correct. Fiat money violates the first law of thermodynamics and counterfeits it. The number of bitcoins that may be mined is limited to 21 million.
When you donate to the network, you get bitcoins. You can only extract a certain number of bitcoins per cycle, and this amount decreases every four years.
The bitcoin algorithm adjusts the hardness to make it more difficult to extract a fixed amount of bitcoin, as more and more miners enter the digital gold rush with their supercomputer hardware.
When China banned bitcoin mining a few months ago, almost half of the bitcoin mining network was destroyed. This problem was automatically adjusted to make it easier for other miners to extract bitcoins.
So here’s the thing: You can’t always control what people do, but you can use your influence to increase demand for a service or product. And it works without failure. Now let me explain how we did this…
Do you think there will be a problem if 50% of its computing power is turned off at once?
Bitcoin is the most secure computer network in the world
Bitcoin is now 12 years old. Successful cryptocurrency hacking has never been done. This is due to decentralization and redundancy features.
Each bitcoin node has a copy of the blockchain that is repeated by all other nodes. As a result, if you want to modify or manipulate the Chinese blockchain, you have to be satisfied with more than half of the entire global bitcoin mining network.
Because they do not agree, it simply does not happen.
So why worry about your Bitcoin being rejected when it reaches the recipient’s wallet? The answer is that mining not only produces more bitcoins. It also provides network security through decentralization and redundancy. As a result, miners are motivated to mine bitcoins while benefiting from each bitcoin at the same time.
You will not be able to shut down Facebook until you contact Zuckerberg. Who do you call to turn off bitcoin? This is true. Nobody. Or all.
In the next few days, I will spoil a lot more FUD. This is just an example of what the future holds.
This is an endless rabbit hole rooted in economics, ecology, network theory, computer science, mathematics, cybersecurity and game theory. The more you focus on it, the more you will discover.
This is a $ 1 trillion treasure that most of the world does not have access to. You can though.