Effectively we did it, 100k Bitcoin is right here. I’m certain various you’re fairly proud of the place your web value is at proper now, and all of you in that state of affairs have needed to exert a considerable amount of self management in an effort to maintain onto your cash in an effort 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 best confluence of occasions coalesced on the proper time to get you to take it critically. That’s not why you stayed, why you held by way of every little thing. That took your personal effort and selection. However the cause you wound up right here within the first place is luck.
I feel it’s necessary to maintain that in thoughts. It’s a mixture of luck and your personal 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 extra money come extra difficulties, extra challenges we’re going to need to face. And extra money goes to herald much more folks, 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 reality to it, however the actuality is the cash isn’t fastened but. A finite provide cap just isn’t the one drawback with cash. There’s the power to your wealth to be seized, surveiled, managed. These issues will not be fastened just because Bitcoin exists with its finite provide.
To repair these issues, Bitcoin really has to scale. We’d like the community to be accessible to sufficient those who it prevents cash from accumulating in a handful of large custodians which are trivially capturable by regulation. With out that, your cash might be seizable. Will probably be surveillable. None of these issues might be fastened.
So don’t let this value landmark distract you from that. Examine your ego, and maintain a sensible perspective. Issues will not be fastened but simply due to a quantity on a display, not even shut. There’s 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 solely the writer’s and don’t essentially replicate these of BTC Inc or Bitcoin Journal.
