Effectively we did it, 100k Bitcoin is right here. I’m positive numerous you’re fairly pleased with the place your internet price is at proper now, and all of you in that state of affairs have needed to exert a considerable amount of self management with the intention to maintain onto your cash with the intention to get to that place within the first place.
All of you’re right here since you initially obtained fortunate, you discovered Bitcoin on the proper time, you had somebody you belief introduce you to it, the proper 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 means of the whole lot. That took your individual effort and selection. However the motive you wound up right here within the first place is luck.
I believe it’s necessary to maintain that in thoughts. It’s a mix of luck and your individual effort that obtained you this far, it’s not solely simply you and your brilliance or iron will. It’s the confluence of each.
This actually is some extent of no return, and a giant shift in what’s going to occur going ahead. Issues are going to get tougher, 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 should face. And more cash goes to herald much more individuals, all of that are going to should be satisfied that these issues exist. Satisfied that the options to them are issues we have now to behave on.
Repair The Cash, Repair The World. That phrase does have a kernel of reality to it, however the actuality is the cash isn’t mounted but. A finite provide cap will not be the one downside with cash. There’s the flexibility on your wealth to be seized, surveiled, managed. These issues aren’t mounted just because Bitcoin exists with its finite provide.
To repair these issues, Bitcoin truly has to scale. We’d like the community to be accessible to sufficient people who it prevents cash from accumulating in a handful of large custodians which can be trivially capturable by regulation. With out that, your cash might be seizable. It will likely be surveillable. None of these issues might be mounted.
So don’t let this value landmark distract you from that. Examine your ego, and preserve a sensible perspective. Issues aren’t mounted but simply due to a quantity on a display screen, not even shut. There’s much more to do earlier than these basic issues with cash are a factor of the previous.
This text is a Take. Opinions expressed are fully the writer’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.
