You are viewing a single comment's thread from:

RE: Another company adds Bitcoin as reserve asset to corporate balance sheet...

in LeoFinance4 years ago

Or would you rather save in a currency who's terminal supply is programmatically fixed?

The interesting thing about this statement and ideology is that it's not even the main thing that brings value to Bitcoin (just icing on the cake). If the block reward of Bitcoin was still 50 BTC we'd still be doing just fine.

The real value of Bitcoin is that it is a technology that upgrades itself for free. It would be like buying a computer in the 80's and never having to buy a new one. The Bitcoin network of 2030 will look completely different than today, just like the Bitcoin network of 2010 looks nothing like 2020.

This is why Bitcoin is much more than just Gold 2.0.
Gold will always just be gold, whereas Bitcoin will not always be Bitcoin (if that makes sense).
Bitcoin is Gold 2.0 and Gold 3.0 and Gold 4.0. It just needs time to develop.

Sort:  

Yes and no. How many actual upgrades have there been to the source code since bitcoin launched? The technology may change but it's incredibly difficult to make changes to the core code.

The code is only a small subset of the network.
In fact the code's resistance to change is a feature of the network itself.
One that provides a foundation of stability, security, and trust.

  • How many corporations, governments, and billionaires will join the network over the next ten years?
  • How many more Bitcoin ATMs will there be?
  • How many permissionless second-layer solutions will be devised?
  • How many other networks will wrap Bitcoin and connect to it with their services?
  • How far will renewable energy explode into the future when producers of said energy can turn the excess into money instantly on site without having to store it in a battery or connect it to the monopolized grid?
  • How many phone apps will utilize the network?
  • How much liquidity will their be?
  • etc etc etc

These are all pieces of the network.
While the code may look the same in 10 years the network/applications certainly won't.