The 3 Levels of Understanding Bitcoin
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In this video, I discuss the 3 levels of understanding Bitcoin.
Level 1 is the NGU (number go up) level, in which one is mostly preoccupied with Bitcoin's price appreciation measured against some dying fiat currency. Most altcoiners are permanently stuck at Level 1.
Level 2 understands Bitcoin as freedom money, as the first digital non-sovereign currency that cannot be censored, confiscated, or inflated away by central bankers and politicians. Bitcoin extends the private property protections of the US Constitution globally to people of all races from all countries.
Level 3 seeks to understand Bitcoin at the metaphysical or transcendental level. At this level, Bitcoin can be viewed as an autonomous system or alien life-form that is slowly enlisting followers and spreading across the globe. This level also understands that Bitcoin is rapidly becoming a universal system of measuring value, akin to seconds (time), meters (space), and grams (mass).
Bitcoin also teaches us the ugliness of fiat food, fiat art, and fiat culture in general-- and shows humanity the way forward. Ironically, this path forward is somewhat like a return to the beauty of a world on the gold standard. Bitcoin, like gold, teaches us the values of patience and low time preference thinking.
Not investment advice! Consult a financial advisor.
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#Cryptocurrency
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@Bitcoin_University 2 жыл бұрын
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@nevermore1045 2 жыл бұрын
This video from Linus Tech Tips may help you with this issue. kzfaq.info/get/bejne/sNWPqNJ3rpe7iIE.html or search for "Fixing what youtube couldn't"
@Joseph_Allan 2 жыл бұрын
When it comes to level 3 I like to think about it like this. When the internet was first put in schools and homes people said they understood it and could use it, but they could have never understood or predicted the smart phone and how it would change the world. What happens in 15 years will be pretty impressive.
@Bitcoin_University 2 жыл бұрын
Yes, I think that's a great way to think about it. We always under-estimate the power of new technology, and it can take decades to figure out what it's really good for.
@AneilSharma 2 жыл бұрын
One of the most profound videos I've watched on BTC. My mind has shifted from level 1 to level 2, with complete awareness that there is a level 3. Thank you.
@HeritageSeekersFarm 2 жыл бұрын
Without exaggeration Mr. Kratter, you have changed my life and my family's life. Thank you, infinitely!
@Bitcoin_University 2 жыл бұрын
That's wonderful to hear, Steve. But really all the credit goes to Satoshi.
@strongfree3059 2 жыл бұрын
The scary thing is Bitcoin has barely begun. When sats measure value, that includes not just the present - but all future value of human production. When you own a piece of Bitcoin you literally own the future.
@gcpc1 2 жыл бұрын
An interesting video, thank you, The key line that resonated with me was “Bitcoin teaches you the ugliness of fiat culture”. How true.
@johngammon963 2 жыл бұрын
God bless all you crazy Bitcoiners :)
@Bitcoin_University 2 жыл бұрын
Thanks, we're going to need it.
@GuyTony 2 жыл бұрын
That was a very thought provoking Sunday sermon. It’s in line with my feelings in this space. Thank you for articulating it so well. I’m trying to spread the word and finding it is getting easier to get others to listen but finding it difficult to make them really understand.
@engineerthefuture7536 2 жыл бұрын
Agree with you. I am just trying to lead by example as it can be exhausting to "make" people understand. I think a solid understanding is only gained when something inside you resonates with it (and you make the effort to understand it yourself); probably like we both did 🙂.
@xqt39a 2 жыл бұрын
Haha, Sunday sermon, clever touch with the fancy churches. Was Satoshi an ET? Cold Fusion channel did a deep dive into the human identity of Satoshi, examining all the likely subjects concluding with no conclusion since every promising possibility ended with contradictory evidence. The ET hypothesis is the best one so far., maybe they want to help us not destroy ourselves and likely would have no use for sats
@GuyTony 2 жыл бұрын
@@xqt39a if the ET/Satoshi had 1 million Bitcoin, in time would be wealthy enough to take control back from the corrupt powers that be. If that were the plan, let’s hope it’s not too late.
@jonp.1084 2 жыл бұрын
The low time preference shift is really profound. It’s amazing how quickly I changed once I realized what was happening here.
@simonweber2015 2 жыл бұрын
If I can join in the metaphysical line of thought… maybe an angel brought bitcoin to us under Divine Providence. It’s a beautiful understanding of the BTCs 3rd level. Thank you for the eloquent Sunday morning video Professor Kratter!
@apex1113 2 жыл бұрын
Bitcoin moves with nature, politics, corruption, and technology on its own merit. Therefore we can use Bitcoin as a primary measuring point for all these things. The dollar doesn’t measure Bitcoin. Bitcoin measures the dollar.
@Bitcoin_University 2 жыл бұрын
Well said!
@Onesien 2 жыл бұрын
This is your best video by far. It feels like Bitcoin is making you work harder than you did on your trading videos
@GregsTake 2 жыл бұрын
Thank you for exploring the spiritual/metaphysical aspects of BTC. You hit it best when explaining the effects of short attention span, easy money, and resulting sloppy/cheap culture. Your work here is very much appreciated :)
@kevingreggshow 2 жыл бұрын
Matthew, I'm continually thankful for your videos. Truly impressed and inspired by your structure (something I would like to model). "Low time" concept truly resonated with me. Thinking about what I'm doing now or working on that carries 50, 100 or 500 years into the future. I live next to a building that is a perfect example of "high time" fiat architecture. It serves as an example of what NOT to work towards or build. Thank you for your work and insight. It has been extremely helpful for the future for my family. God bless you and your family.
@dafuq1933 2 жыл бұрын
Yes, fiat-culture !! You placed all the words on thoughts I had over the past few months. I also started to think whether the high-paced economy we live in was the product of the economic policies we live under. I mean of course economic activities are influenced by economic policies, but I was getting very interested in its accelerating-short-lived pace, throwing billions on unicorns that don't last, building more and more homes despite no matching demand, calling startups under debt with no revenue "successful", the ETF bubble that keeps growing creating an increasing gap between stock valuation and actual companies revenue, etc... Keynes was all about "avoiding the economy engine stalling", by keeping inflation "healthy" so it forces people to not stash money and instead spend or invest it. Doesn't sound too bad on paper. But the result is that we are trying to produce value out of despair seeing our money melting, rather than identifying true opportunity/cost. Peoples throw their savings in ETFs because NGO, wealthy people fund bonkers startups left and right, hoping to encounter the next Google or Facebook. We're not investing intelligently to see civilization growth and innovation, we're all trying to avoid having our money melting under the printer. Playing the long game by keeping my money on the side should be a valid investment move. We now live in a culture that want you to spend that money as much as possible (gotta keep the engine running !), or it you're slightly more intelligent, invest it "somewhere", at this point anywhere is better than cash, making it hard to know where to bring value. Hopefully Bitcoin can help us identifying how to bring actual value to society.
@randyjones3050 2 жыл бұрын
I would suggest that there is a level between 2 and 3 where you gain an understanding of how the lightning network is going to completely change the way people transact on the internet. Not only will it tranform value exchange, but it looks like an entirely new decentralized internet can be built on top of lightning that will permit private peer to peer communication between devices at the protocol level. Imagine being able to do everything you currently do on the internet, but being able to do it privately outside the ability of any state or centralized organization to shut you down.
@STUDlOIC 2 жыл бұрын
Thanks to channels like this, im happy to have entered the bitcoin movement at level 3. Much of our human knowledge is available on the internet and BTC seems to be part of that inevitable evolution of AI
@lekistick1013 2 жыл бұрын
good content Matt. My thought is that if Bitcoin was brought here by a superior race, they first brought us crytography. So, they must have been among us for several decades... maybe even centuries. So they are indeed a low time-preference group.
@Bitcoin_University 2 жыл бұрын
That's a really good point. Brilliant.
@nhandiep3398 2 жыл бұрын
I don't agree with this completely, cryptography has been around for a very long time, i'm learning the technical of bitcoin now, so i may be wrong, but none of the tech that comprises the core of bit coin is new, the way they are implemented to create bitcoin is the real innovation. Michael saylor brought up a great example in the printing press, the chinese had the technology long before it changed the european political, and spiritual landscape. It just so happened that the printing press wasn't compatible with the chinese language, as it was with the english alphabet, so the tech isn't where the magic is, the implementation is.
@hoopnewsdaily4111 2 жыл бұрын
Hi Matthew, I just wanted to let you know I feel so grateful to have found your channel at the age of 21. I'm now 23 and have reshaped the way I see life/sound money/ and most importantly when to exchange time. My family and friends simply cannot understand what I recite to them after I watch your videos but I guess I will have to do it with my kids in a decade. Thank you :) I watch every video.
@keithfaulkner1288 9 ай бұрын
I would like to leave level one behind for good. I rarely check the fiat price anymore. By comparison I used to check it 1000 times a day. My Lambo was a 70' sailboat. Fortunately I've grown, traded all my shitcoin bags for BTC. Unfortunately I'm getting on to retirement age so I have no real choice but to still want it to "moon" (ha I haven't even said moon in some time.) I'm a believer that Bitcoin will completely change the world by 2045. Things this big and this important don't happen in 20 years. My goal is to retire very comfortably and leave enough BTC for my two daughters and my partner. And fortunately I have a job that they will probably have to carry my dead body from. I simply want to last long enough to hear people say. Damn man! You were right about Bitcoin all this time.
@Emrico35 Жыл бұрын
Glad I found this channel, it's very informative!
@timelesswisdom99 2 жыл бұрын
Great insights and thought-provoking analysis about the Level 3 concept! I look forward to more of this creative and original thinking!!!
@kingcliff2786 Жыл бұрын
I love your work.. this one really hit the spot. Perfect! from 2016 Ive been full time bar crypto winter into this space now im a virtual encyclopaedia. I made a lot of money but not one dollar was from Bitcoin. I reached level 3 for the whole space by 2018 but Bitcoin still hadnt taken my fancy. It took until 2021 until I even noticed Bitcoin and took a real look. OMG it was like "Eureka"... holey sht! a deep level 3 Bitcoin ONLY is where I reside and the more I learn the deeper I go. Im so taken by how intellectual this new thing is, the Bitcoin rocket became my 2nd only tattoo. and Im 59. luv btc
@danielsmithwick455 2 жыл бұрын
Great content! Thanks for your time and doing what you’re doing!!
@susanchappell796 2 жыл бұрын
I’m at level 2 working on 3. I’ve learned patience and the true value of freedom. Thanks Matt
@AndrewKangas 2 жыл бұрын
Really liked this video. Thank you.
@nobobonobo 2 жыл бұрын
Level 4 is using miners as your house's heating
@nobobonobo 2 жыл бұрын
@Lieschen Müller are they loud?
@nobobonobo 2 жыл бұрын
@Lieschen Müller that is insanely cool. Are you not worried about eth no longer being minable this year? What are your plans after proof of stake gets implemented?
@nobobonobo 2 жыл бұрын
@Lieschen Müller Sick. After eth goes proof of stake, maybe you could sell the rig and buy an ASIC instead.
@michaelward9201 2 жыл бұрын
This video was powerful and hugely interesting.
@ottoandersson2216 2 жыл бұрын
I'm a level 2 person for sure. Because of you information, I never will sell my btc ever again. I just take out loans against it for other investments or bills and continuously feed my balance.
@SpeakEnglishWithMary 2 жыл бұрын
What a wonderful video!!!! Very educational :)
@judykang3700 2 жыл бұрын
Thank you again for the great video Matt 🙏
@i_accept_all_cookies 2 жыл бұрын
Thanks Matthew. What an incredible time to be alive. First the Internet, early stages of AI, blockchain and Bitcoin. I like the emphasis on low time preference thinking. You know you have a problem with your financial system when it makes more sense to be in debt than to save.
@JoeKazemi 3 ай бұрын
This is very enlightening
@ogkush613 2 жыл бұрын
Thank you for spreading the philosophy and truth of Bitcoin! ❤️⚡❤️
@AetherXIV Жыл бұрын
Thank you. You, Robert Breedlove and Michael Saylor are my BTC guides.
@Bitcoin_University Жыл бұрын
Thank you
@Chiro-undMassagezentrumDrLuchi 2 жыл бұрын
Cool video! Thanks as always.
@creeptokid6733 2 жыл бұрын
Excellent episode! a lot of (non-Fiat) food for thought. Thank you Matt! your content is unique, gracefully presented, and always teaches something new
@nevermore1045 2 жыл бұрын
Just entered that 3rd way of thinking. Great video Matt, always look forward to your content.
@gabrieljones9084 2 жыл бұрын
This is great, man! I like your perspective on it. Far out.
@Chuck-be7ed 2 жыл бұрын
Enlightenment comes in many forms.
@larsvongraff5794 2 жыл бұрын
Interestingly, the comparison with the religious aspect seems to fit overall the best in my view. One begins as a seeker. Once the veil is torn away, you can NEVER go back. Your journey from there is a constant struggle to stay in the world of BTC but being relentlessly tempted by the tangible immediacy of fiat. Everyday seems a test of my resolve as I gain more maturity. God help us all!
@tallibon7011 Жыл бұрын
Very well put. 👏
@YarikSychov 2 жыл бұрын
One of the best video, thank you. Totally agree with your words on how abstractly weird the tech is and how amazing and mind blowing it is at the same time.
@my2sats260 2 жыл бұрын
Exceptional content as always🏆
@ikust007 2 жыл бұрын
Thank you Sir.
@fannys941 2 жыл бұрын
Great info, thank you. Bitcoin really changes you!
@berniebilicki7832 2 жыл бұрын
Well, Matt, you combined the realms of finance, philosophy, and mysticism....Impressive!...and Thank You.
@gd1942 2 жыл бұрын
I have always had a gut feeling about Bitcoin. This video sums up how I feel (level 3)
@mrlamb4u 2 жыл бұрын
Hi from the Netherlands again .. I hope all is well with your family! .. Just wanted to say you are realy great , and daring to go where you just went .. On bitcoin and aliens ... Althoug I am not sure if it is so , and I think none of us knows for sure .. I do think it might be a possibility .. and I have to say it takes a lot of courage to say a thing like this ... You are truly a person that is open for every option in the universe , and that makes you a superb person to watch ... thanx for all your efforts here .. and keep up the good work .. Remco
@kickinit333 Жыл бұрын
Another great video. I agree with the 3 levels. I think I'm in-between 2 and 3 and my continued education will get me solidly in 3. Cheers.
@somethoughts8539 2 жыл бұрын
Amazing!
@dg6887 2 жыл бұрын
I like the way you just get on the horse and ride.
@Joseph_Allan 2 жыл бұрын
I look forward to these videos everyday.
@funcoder21 2 жыл бұрын
Great one again. thanks
@manfredvandoorn8011 2 жыл бұрын
Amen! You are - like BTC - a gift to the world.
@digital_gravity 2 жыл бұрын
Love your videos. I am relatively new to the space, but slowly became a BTC maximalist. Your videos tipped me over. Especially the videos about cat-purse boy. 🤣
@dunner079 2 жыл бұрын
That was a really good perspective about FIAT culture in reference to food, music and modern aesthetic. I once described bitcoin as being almost alien and space age. A real milestone in human advancement. I'm at the level I would feel naked and exposed without it and at the mercy of peril.
@funland108 2 жыл бұрын
This is a really interesting summary Matthew. I started at level 2 in 2011, listening to Max and Stacy telling us to buy bitcoin at $3! Then went to level 1 and for the last 3 years I’ve been exploring Level 3. There is so much more to understand here. Level 1 conclusions about bitcoin also include the conspiracy theorists who dismiss it after an hour or two of research. They seem remarkably shallow to me.
@ryanc3656 2 жыл бұрын
Such a good vid!
@nhandiep3398 2 жыл бұрын
Great insight, i miss these informative videos, as opposed to the ones where you focus on the negative political subjects. I appreciate you.
@DrSeuss-nw3px 2 жыл бұрын
Mind blowing
@anthonytobin7 2 жыл бұрын
Beautiful
@ultimateoutdoor2561 Жыл бұрын
You have to focus on the high time preference before the low time preference, get past level one and two so you can enjoy level 3
@johnherod6660 2 жыл бұрын
Thanks again Matthew. We are new arrivals to level three after 6 months. Great video and does contain some elements Ihave heard from Michael Saylor and Max Kaiser with one of his guests. Ths is the way humans should be travelling if they want any future.
@madisonmuffler 2 жыл бұрын
Love your content
@Bitcoin_University 2 жыл бұрын
Thank you, Jeff.
@SlackersIndustry 2 жыл бұрын
was level 1 for like 6 months 😂 those 2 dips especially my first crash was insane now no big deal
@codywy5579 2 жыл бұрын
I'm level 1.1 . Check the price often
@AyysMove 2 жыл бұрын
The goat!!
@champlifts2558 2 жыл бұрын
Really cool video, it took me 3 years to leave level 1. I got in when i was 21 and it takes time . HODL
@alexfinn7989 2 жыл бұрын
Amazing video Matt. BTW, did you see the Hash Rate Jump today???
@aldunne2001 2 жыл бұрын
JS Bach. The ultimate non fiat music.
@Bitcoin_University 2 жыл бұрын
His music is otherworldly. I love Glenn Gould's versions of the Goldberg Variations.
@aldunne2001 2 жыл бұрын
@@Bitcoin_University As a Canadian, I am of course a huge Glenn Gould fan. My attempts at Preludes and Fugues never quite matched up. I would also single out the Saint Matthew Passion :-) By the way, we Canadians are not quite yet at a failed state status. Still hanging on.
@butmunchass 2 жыл бұрын
@@Bitcoin_University I prefer the Hip Hop of Heather R Morgan.💃
@butmunchass 2 жыл бұрын
Of course I prefer alt coins.
@cuetheplanesound8110 2 жыл бұрын
Since day one. This is the way..
@highfallsfna4268 2 жыл бұрын
That was truly a masterpiece
@Bitcoin_University 2 жыл бұрын
Thank you.
@omrizb 2 жыл бұрын
Hey Matt could you help me understand better inflation linked bonds? For me, it looks like one can buy those type of bonds and be hedged against inflation (I realize that the true inflation is bigger than the CPI, but it's still something). Am I missing something here?
@john1313js 2 жыл бұрын
amazing video. new sub
@MrFrank107 2 жыл бұрын
yes, the plant adaptation and survival theory is very interesting. Look at how the Opium Poppy plant creates euphoria in humans etc. You've hit a number of great points on this video. Well done ma'man.
@wctw9919 2 жыл бұрын
Interesting idea. I would say there is a Level 4 understanding of Bitcoin which is understanding of the codebase and its integrations. This is one which i have been exploring a lot lately and find it even more exhilarating than the economic or the transcendental.
@sameersawdekar3293 Жыл бұрын
Please elaborate on it or make a video on it if possible
@ciarancarroll5888 Жыл бұрын
Either this is level 3, or level 4, but the 4 rules or constraints that Bitcoin (PoW) is based upon (difficulty / challenge + verifiability / truth + universality / diversity + independence / responsibility) are the same rules as all value systems, institutions, games, and human pursuits. To the extent that systems follow these rules, such as democracy, they are meta stable, assuming absolute stability or perfection is impossible, rather like the speed of like is only approachable, as a limit. The opposite of meta stable is entropic, so constructing a robust system of social epistemology is a negentropic action.
@Jiturra01 2 жыл бұрын
Definitely was stuck in level 1 for awhile Matt... I think the problem is a lot of the financial education is lacking and/or requires effort to go learn. By the time the resources are abundant or the narrative has shifted we'll be much deeper into the game
@rhythmculturerecords1017 Жыл бұрын
Slow moving volcano my friend! Swallowing up everything in its path.
@alazarrouq1745 2 жыл бұрын
Another great video.
@m_b4 2 жыл бұрын
Love the low time preference analogies, add the La Sagrada Família in Barcelona it's still being built. Started in 1882. Probs the only building in the fiat system being built better than a McDonalds.
@hugomiller1025 Жыл бұрын
A fascinating and profound video. I have suggested, only half in jest, that maybe Satoshi is a time-traveller from the future, where he is currently waiting for his creation to catch up with him! Bitcoin is indeed weird and other-worldly, because it is so damn clever. More to the point, it seems to have built-in safeguards against every foreseeable - and un-foreseeable - issue that may arise. Bitcoin is the exception to the aphorism that "If it seems too good to be true, it probably is".
@NWCRYPTOADVISOR 2 жыл бұрын
I love it when you promote BCH 😎👍
@TmanTed 2 жыл бұрын
Well said! Would love deeper exploration onto the implications of Level 3 understanding. Jason Lowery has discussed the military implications, but what about the cultural? Religious? Expected world GDP? Etc...
@CircumcisedUnicorn 2 жыл бұрын
My mind was blown when I first heard Jason Lowery talk about Bitcoin
@adimchionyenadum2962 2 жыл бұрын
With the pictures of these beautiful pieces of our modern civilization, you have introduced an interesting novelty in the Bitcoin narrative. Fingers crossed as we watch the development of this new force of monetary energy.
@1BitcoinVersus 2 жыл бұрын
I like to think of it as a philosophical idea in mathematical form. Mathematical Philosophy. 🧠
@muaawiyahtucker 2 жыл бұрын
Facts
@drunkenmosquiro5585 2 жыл бұрын
Hello Mat, thank you always for your videos. May I ask your opinion regarding decentralized stable coin projects like Terra Luna?
@SamJones1337 10 ай бұрын
Matthew your content is truly exceptional. To your cult comment I do often think about similarities with early Christianity, even if the comparisons make people uncomfortable. I wonder if Michael Saylor, in his expansive language and ability to describe Bitcoin in unique metaphors, will later be seen akin to a disciple.
@leee5487 2 жыл бұрын
Hey Mathew, first off, thank you for your videos. A question I have: if we reach a world where everything is priced in sats, which are of fixed quantity, wouldn’t that create a zero sum game whereby innovations and inventions can only occur by devaluing something else?
@beefyogurt 2 жыл бұрын
if this doesnt activate laser eyes, i don't know what will. fantastic orange pill video matt!
@Bitcoin_University 2 жыл бұрын
Thank you. Laser eyes activated.
@morteza1024 2 жыл бұрын
Won't the 1mb block size cause any problems in the future? Knowing changing it requires a hard fork won't that prevent it from happening or if that happens, won't it destroy bitcoin's integrity? Or we have to keep it the way it is and expand it with second layers and side chains? What's your opinion? Ethereum or any coin could become a bitcoin sidechain by writing check points in bitcoin blocks. It will become more secure. It will be weird if 100 years from now bitcoin's block size is still 1mb but that's the price for immutability.
@patrykgliwinski2868 2 жыл бұрын
Hi Matt Could you make video on Bitcoin and interest rates? From what I read so far interest rates will put Bitcoin into bear market as it is correlated to stocks and it will be risk off environment, while other argue that higher rates may be actually good for Bitcoin and decouple it from stocks, as it is still in early stage (is it though?) and will raise further
@osminmachin3239 2 жыл бұрын
Hey Matt, the more I study Bitcoin, the more I’m getting to think it came to us from outside of this world. Good to know that the idea has come through someone else’s mind too 😅
@bpprovit 2 жыл бұрын
Have you seen the movie "Moonfall" yet Matthew? This was a very fascinating movie, speaking of alien tech, energy usage and AI. Great on the big screen! 😄
@andrewvader1955 Жыл бұрын
This video will age well
@redman3863 2 жыл бұрын
Today was the ultimate festival of fiat culture, the Super Bowl. Great video again Matthew, very deep. Could you at some point (if you have distinct thoughts on it, find it interesting, and have the time) do a video on your thoughts on Michael Saylor’s claim that BTC is digital energy? This narrative is very intriguing to me, in that I think one can actually successfully argue in favor OR against BTC being digital energy from either a physics or economics perspective. I personally think BTC fundamentally represents the value of all *untapped* energy or unusable energy in existence, which human beings can harbor, as the opportunity cost of using this energy to secure the BTC network is near zero and BTC can hold this value across both time and Euclidean space. It definitely is a bit metaphysical and fascinating to think about. Thanks again for your great, near daily, content!
@redman3863 2 жыл бұрын
By the way, instead of saying untapped or unusable energy it may have been better for me to simply phrase it as excess energy (energy in the power grid which can’t be utilized or easily used by consumers). This would an imply a roughly $50 Trillion BTC market capitalization based on my calculations.
@thinkblue8089 2 жыл бұрын
I'm at level 2 but I still like to check the price. What's keeping me from level 3 is all the fud and the lack of people recognizing the need for crypto. Do you really think Ethereum and Solana and the top alt coins are going away? Although I view Bitcoin as the king of crypto and always will be, I see these top alt coins sticking around for a long time because they have a use case. Institutions are also investing in Ethereum. Great vid.
@CircumcisedUnicorn 2 жыл бұрын
Scam coins like solana and ethereum depend on centralised management and venture capitalists to remain relevant. If Vitalik Buterin wanted to dump his ETH (he already has sold) then ethereum is going to 0. Or if the eth foundation decided to raise the supply of eth then everyone already holding is getting debased. Solana is already being dumped by VCs like Chamath and Sacks and laugh about it (there’s a video on this channel about this) so retail is left holding the bag. Bitcoin has no central authority, it does not depend on anyone or anything to keep creating a new block every 10 mins. The supply of bitcoin will always be 21 million nothing more nothing less. It cannot be stopped or changed. It cannot be hacked or taken offline and you can be guaranteed that the monetary supply will never change. In fact we already know that the last Bitcoin will be mined in 2140. Bitcoin didn’t rely on investments to get to $1 trillion market cap it grew organically with nobody or nothing controlling it. So to answer your question, do I think eth and Solana will be around? Yes for a few years. But 20 years? 50 years? 100 years? Hell no. But the ONLY thing I am absolutely certain will be around for the rest of humanity’s existence is Bitcoin. You cannot compare alts to bitcoin it is a different animal.
@ghqst7550 2 жыл бұрын
Yes, out of this world aight 🤔😝 #cryptography
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