Bitcoin grows stronger with each block; ignore price for the time being

Inertia is Bitcoin's greatest ally. The longer Bitcoin has been around, the more likely it is to stay around. It's a virtuous cycle unique to Bitcoin.

The reason is not technical. It's economic and psychological. The Bitcoin system makes sense. Millions of people see its massive utility. They understand that Bitcoin is a very elegant solution - they have no reason to ever abandon it.

Even in a nuclear apocalypse scenario, assuming just a few nodes survived, Bitcoin would likely be rejuvenated. It would become a link to the past that people would want to maintain. That's how sticky it is.

Every day Bitcoin remains online is good for Bitcoin. Remember that.



Submitted September 12, 2023 at 06:00AM by Impressive-Horse https://ift.tt/MCuTyto

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