Effectively we did it, 100k Bitcoin is right here. I’m positive various you might be fairly pleased with the place your web price is at proper now, and all of you in that state of affairs have needed to exert a considerable amount of self management so as to maintain onto your cash so as to get to that place within the first place.
All of you might be right here since you initially obtained fortunate, you discovered Bitcoin on the proper time, you had somebody you belief introduce you to it, the precise confluence of occasions coalesced on the proper time to get you to take it severely. That’s not why you stayed, why you held by way of every little thing. That took your individual effort and selection. However the cause you wound up right here within the first place is luck.
I believe it’s essential to maintain that in thoughts. It’s a mixture of luck and your individual effort that obtained you this far, it’s not completely simply you and your brilliance or iron will. It’s the confluence of each.
This actually is a degree of no return, and a giant shift in what will occur going ahead. Issues are going to get more durable, they aren’t going away simply because we’re all that a lot wealthier now. With more cash come extra difficulties, extra challenges we’re going to need to face. And more cash goes to herald much more individuals, all of that are going to need to be satisfied that these issues exist. Satisfied that the options to them are issues we’ve to behave on.
Repair The Cash, Repair The World. That phrase does have a kernel of fact to it, however the actuality is the cash isn’t fastened but. A finite provide cap is just not the one drawback with cash. There may be the power in your wealth to be seized, surveiled, managed. These issues should not fastened just because Bitcoin exists with its finite provide.
To repair these issues, Bitcoin really has to scale. We want the community to be accessible to sufficient people who it prevents cash from accumulating in a handful of huge custodians which might be trivially capturable by regulation. With out that, your cash might be seizable. It will likely be surveillable. None of these issues might be fastened.
So don’t let this worth landmark distract you from that. Examine your ego, and hold a sensible perspective. Issues should not fastened but simply due to a quantity on a display, not even shut. There may be much more to do earlier than these elementary issues with cash are a factor of the previous.
This text is a Take. Opinions expressed are totally the writer’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.
