Bitcoin Has Already Won
Bitcoin has won.
There has never been a more secure, scarce, valuable, transportable, decentralized and networked asset in all of humanity’s history.
It’s more mobile than gold. It appreciates faster than property. It’s supply is fixed unlike stocks and bonds. It’s payment network is faster and cheaper than Visa’s.
It’s user base is growing faster than the Internet’s was in the 90's. It’s market cap is a shade over a trillion dollars. It has an enormous potential upside. It’s already too big to fail.
And yet, sceptics keep repeating the same old FUD. Here’s where I’ll break it down.
Bitcoin Is A Railway Network In Cyberspace
What’s “greener”: driving to work or getting the train?
Obviously the train, right?
But what if you factor in the total energy consumption of building a fully functional and connected rail network? It took decades and billions of dollars (money IS energy) to create a rail network that everyone can use for a fraction of the cost.
That’s what Bitcoin is: a railway network in cyberspace.
The energy used up to create this massive, secure, decentralized and redundant network is enormous. But only when viewed in isolation. When it’s complete — and it almost is — it will allow anyone to send money to anyone else anywhere at any time for almost no cost.
Pure, friction-less, monetary energy flowing between parties across the bitcoin rails. Ultrafast, ultra-secure, ultra-reliable.
Imagine trying to send your friend in Bhutan a bar of gold at 12:45PM on a Sunday.
Bitcoin does this in a second.
Bitcoin Unlocks Trapped Energy
Everything is either matter or energy. And humans need energy to survive. We’ve always converted energy from one form to the other.
Take electricity for example. Electricity cannot be transported for more than 500 miles — that’s a hard limit. So when human populations blossomed in cities throughout history — NYC, Bombay, London, Paris, Singapore —…