Our little boy is growing up!
I've made many references to how Bitcoin and crypto are alive, while fiat and the legacy economy are undead minions who's only purpose is to suck the life away from we humans. Many people wrongfully assume that Bitcoin is this immortal entity, just like a bank, corporation, or government. This is incorrect. Those things are vampires. We are alive. They are parasites... No, it's not a very symbiotic or equitable relationship.
- Bitcoin can reproduce.
- Bitcoin can fight and win the war of its life.
- Bitcoin can be retired.
- Bitcoin can die of old age.
- Bitcoin is alive.
To be fair Bitcoin has a lot more feminine energy than male energy.
Bitcoin has birthed thousands of projects and networks. Doesn't sound very manly to me. Bitcoin is much closer to the World Tree or Mother Earth rather than Father Sun; efficiently siphoning a tiny bit of that infinite energy from the sun and transforming it into new life beyond our comprehension.
All hail the sun God RA.
But then again, the Bitcoin tribe of maximalists is filled to the brim with toxic tribalist men, so try telling them Bitcoin is a woman (or invented by a woman) and they would probably lose their damn minds. Nope, not gonna die on that hill, thanks.
So Bitcoin has turned 13.
Teenagers. Ew, gross, amirite? Eights graders are disgusting, annoying, and largely powerless; just like Bitcoin. We're currently in the process of being adopted by our drunk and abusive uncles and grandfathers. Yeah, it's not great, but it's also better than being left out in the cold to be raised by wolves. We can learn a lot from Tywin Lannister before we emancipate ourselves.
Institutional adoption.
Teenagers often rebel.
The legacy economy is telling Bitcoin:
If you want to live under my house,
You have to follow my rules!
And Bitcoin is just kinda like...
Yeah whatever old man. Get bent.
We are even building our own treehouse.
Everyone has their own idea of what Bitcoin is and what Bitcoin will grow up to be. I don't think Bitcoin appreciates this much. Just let Bitcoin do whatever Bitcoin wants to do. The next generation of the economy will not be tamed so easily as what came before. The Wild West is back. Our strict religious aunt is not amused.
I view Bitcoin as an extension of humanity.
I feel like it will go through similar phases. We already got through the infant and child stage, and now we are onto the awkward teenage years. In ten years when Bitcoin is 23, I think we are going to see some absolutely insane things. Think about the difference between a 13 year old and a 23 year old person. the differences are astronomical.
However, another 10 years after that, the difference between 23 and 33 isn't that big of a jump. It's still a huge jump, sure, but not nearly as much as 13 to 23. After that, another seven years and Bitcoin hits a mid-life crisis at 40. That will probably last a year or two. So many Lambos. Space Lambos, even.
I believe once Bitcoin gets into it's 60s it will retire. We need to remember who is using Bitcoin: mostly Gen X and Gen Y (Millennials). Once the Millennials are long retired or dead Bitcoin will become a relic of the past; the old grandpa on the rocking chair. He's got some good stories and is sitting on a phat retirement account, but he's not really out there doing anything. He's become the safe investor. A few decades after that, Bitcoin dies and the only people keeping it alive (if any) are the historians and artifact collectors that want to preserve it. This is why I think it's so funny when people talk about BTC's inflation schedule and project it out like 145 years. Like, lol, guys... come on. Bitcoin is not the immortal being people think it is.
Conclusion
I truly believe that Bitcoin is alive. Not only alive, but also an extension of a digital human. It will grow. It will fight. It will multiply (already has). It will get old, and it will die. Unfortunately my life expectancy isn't quite high enough for me to live long enough to say I told you so, but that's alright (and also kind of the point). Circle of life and all that.
lol I'm the worst.
To reiterate: Bitcoin is 13 years young and just entering the final year of middle school. 2022 is a big year. The transition to high school (institutional adoption) will be quite the sight to behold. Then we get four years of being lectured by failures who have no idea what they are doing. Those who cannot do: teach. Bitcoin will learn by doing, not by listening to conservative institutionalized tutors.
See you next January 3rd to see if I'm way off base or not.
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Still hoping for a 100k push, wen?
we are in the rare stage where bitcoin cannot control itself and lives falling down and getting up, fortunately with each fall it is reborn stronger and as it learns to behave more people start to see it as a good citizen.
Smiles, bitcoin as a living thing. When you first write bitcoin can die. I was like, die in what way, I was quite scared but now I understand. It would have taken lots of years that the people who are into it or who took care of it would have been dead so also results to it's death.
Happy teenage age to bitcoin!!!
I found this to be funny. Bitcoin is literally pubescent right now. Get ready for some weird outbursts.
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What a great analogy!
Learn by doing, like the 4-H motto. Always enjoy reading your blogs. HNY!!
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People read these?
13 to 14 is no doubt a big change in the process of growing up.
Voice breaking stops.. well I will not get into some other things that change, but I do think we are in for a very interesting year.
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Gold is alive thousands years ago , Why bitcoin can't do that ?
gold isn't a technology.
crypto will be around thousands of years
Bitcoin not so much
Bitcoin is already stuck in a loop of not being able to update itself.
and delationary economics will not have longevity.
This is the awkward stage. Where BTC can't control getting H.A.R.D. and shooting off anytime somebody simply breathes on it. I sense that there will be some unexplainable run-ups that come seemingly out of nowhere as if that hasn't already happened many times before. We know once BTC finally gets to that legal age, it will surely mature a bit and try some crazy stuff that early adopters would never allow it to do. I know I feel on top of the world getting close to 30, so I imagine the years 30-40 will be quite interesting. Let's keep our fingers crossed for no mid-life crisis.
These metaphors run deep with this one.
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I really enjoy reading your posts, i agree with letting bitcoin do whatever it wants to do. Alot of people out there on social media downplaying bitcoin every day... true, no one knows what's next, but, it's still too early to judge the young lady. Let's all give her a chance to grow.
!PIZZA !LUV
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Tywin lannister got me. Yggdrasil, huh? Nice representations. I too believe Bitcoin (the mother that birthed other cryptocurrencies) still hasn't gotten to half of where I expect it to. I am however very much wary of how the banks and governments are attempting to stain the whole concept of a decentralised financial tool by largely creating there's.
The volatility also doesn't help at all but there is hope that we will gradually move to a system where finance control will not be locked in the fingers of a few.
Nice one.
I do like bitcoin but it is starting to shape up to be overtaken by the exact thing it was built to get away from. It's lack of development and change I think is going to start holding it back (not in terms of price value as I see corps etc investing huge amounts) but a more centralized spread crypto will start taking it's place. Maybe not this year but over time that is what I believe.
I fully support the vision and white paper of bitcoin and it's VERY good intentions and what it brought to everyone. I just feel like it's old tech now being gobbled up by wealthy companies and centralizing it even more.
Love that last meme! :))) !LUV
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The pictures alone were great, lol. It's crazy to see it grow up so fast, lol.
great work!
I was inclined to do some research myself after reading this.
Just sharing the top results for the search:
worlds oldest currency still in use.
"The British pound is the world's oldest currency still in use at around 1,200 years old. Dating back to Anglo-Saxon times, the pound has gone through many changes before evolving into the currency we recognise today. The British pound is both the oldest and one of the most traded currencies in the world." -cmcmarkets.com
My next question is when will Bitcoin surpass the British Pound?
has it really been 13 years? man.... seems like longer.
It will be very interesting to see if we will see BTC in a museum over 100 years from now. I am wondering if crypto will be thrown to the side after quantum becomes viable.
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Bitcoin a decade from now will be absolutely monstrous...in the best possible way imaginable
To me, bitcoin is like a promising adolescent, you know that eventually, it will reach great heights.
I thought those sweet pictures were yours for a minute there lol. Love the teenage analogy, I think it’s proper!
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what if bitcoin is a girl or transgender?
Please be politically correct!