#Bitcoin is #revolutionary for many reasons but the 3 most important IMO are:
1: Absolute cap on units.
For the first time in history the entire world has #equal access not just to assets, but to assets that have a mathmatically enforced hard cap on their supply. Means Bitcoin can never be #debased by any person or group which prevents #theft through #inflation. Allowing everyone on earth a method to #preserve for their future the value of their contributions to society, without needing to #indebt someone else in the process (like what happens with buying #stocks and #bonds).
2: Connection to #time.
Every 10 min the value of the energy used by the entire #MiningNetwork is converted into Bitcoin. Every 210,000 blocks the amount of BTC produced in 10 min by the mining network gets cut in half.
Remember the value of everything trends toward its marginal cost of production, #FIAT has a marginal cost of production of ZERO which is why all FIAT trends towards a valuation of ZERO over time.
Bitcoin every 4 years raises its marginal cost of production 100% in relation to time. It used to take 10 min to make 50 BTC, then 20 min, then 40 min, then 80 min. Right now it takes 160 min to produce 50 BTC. Since time is the most valuable asset humans have, raising the time-cost of production pressures the value of each coin in the network to double every 4 years relative to Human time and we put more value on our time than anything else.
3: Connection to energy.
In addition to its connection to time, continually more miners compete for continually less coins. This is an organic raising of the cost of production of each coin in relation to cost for the electricity used as a function of market dynamics.
This forms a global unregulated free market trading pair between BTC and Electricity. Pushing the price of electricity down, while pushing the price of BTC in relation to its energy cost up.
The effects this will have on humanity are profound. The more there is of something the lower the cost and the more we can use it freely. Is there a cost to run cold air through a computer to cool down the components? No, because there is so much air that it has no cost. As Bitcoin continues to demand more and more energy, miners will respond to that by seeking out untapped sources of energy. This will overtime expand the availability of cheap energy globally, especially impactful in areas with poor populations and untapped natural energy sources nearby, allowing electricity to get ever closer to a marginal cost of production of ZERO everywhere on earth. Dropping the cost of renewable energy so low that fossil fuels become too expensive to use.
We won't need grid battery storage when so much energy is produced everywhere that energy generation itself becomes decentralized and abundant enough to more than handle the peak demand levels society itself requires even in emergencies.
No longer will #CarbonCapture technology or water #desalinization be prohibitively expensive. Allowing us to clean our atmosphere and provide clean water for everyone.
Considering all of this, I believe Bitcoin is the first technology that realistically gives us a way to become a #Kardashev level 1 Civilization.
As this transition to a world of free energy occurs, everyone who holds Bitcoin benefits from this shift in value and sees the value of their savings continually go up with the entire network in relation to the time and energy needed to produce new coins, which helps pull people out of poverty and increase global prosperity.
Bitcoin's effects on society will in the future lead to it being considered the greatest technology humanity has ever created. Bitcoin is freedom. Bitcoin is prosperity. Bitcoin is abundance. Bitcoin is the secured #SavingsAccount of all of humanity combined. We are privileged to be alive during it's existence.
quotingAll fiat assets are being depreciated and everyone knows it.
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For the first time in history, we the people built an alternative: #Bitcoin. A global, decentralized money owned by everyone. An open-source exit door.
This will never happen again. Don't look back with any regrets.