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During bitcoin’s parabolic price increase this year, Twitter profiles with laser eyes suddenly emerged. “Anons” and celebrities, such as Elon Musk, added red lasers rays to their portraits and the hashtag #LaserRayUntil100k started to trend. As the hashtag indicated, the laser eyes were added as part of an internet ritual to increase bitcoin’s price to $100,000. But the laser eyes were only the latest expression of Bitcoin’s culture, which ranges from an idiosyncratic terminology (think “HODL,” “number go up” or “nocoiner”) to an emphasis on eating meat and lifting weights. Not surprisingly, critics cited the laser eyes as more evidence for Bitcoiners’ cult-like behavior.
But if we dismiss these cult-like rituals, we simply fail to understand their significance for Bitcoin’s adoption. Indeed, if we want to understand Bitcoin and its parabolic growth — which, over 10 years, increased from zero to more than $1 trillion — we have to recognize Bitcoin’s quasi-religious dimension, which reveals itself in the beliefs of some of the most committed supporters and their exegesis of Nakamoto’s code and writings.
It’s the commitment and excessive enthusiasm of these developers and early adopters that have been driving Bitcoin’s development and adoption since its invention a decade ago. In other words, the evangelism of Bitcoin adopters — which are often dismissed as “believers,” “evangelists” or “cultists” — is an essential feature of Bitcoin’s technological diffusion.
Not just the online rituals of Bitcoiners but also Bitcoin’s genesis itself reveals a deep resemblance with religion. Similar to religion, Bitcoin has its own founding myth: it begins as an obscure and radically novel technology that was invented by a mysterious pseudonymous creator that has, later, completely disappeared.
One of the most salient features, of course, is the resemblance between Satoshi Nakamoto and religious leaders, such as Jesus Christ and his sacrifice for his belief. Whereas Christ died by crucifixion as a sacrifice to achieve atonement for sin, Nakamoto most likely sacrificed his estimated 1,148,800 bitcoin — which never moved from the original wallet — for his messianic, techno-libertarian vision of a decentralized alternative to fiat currencies and central banking.
Bitcoin itself — the protocol with its hard-coded 21 million supply — has, in turn, become a transcendent absolute beyond human control and manipulation that represents a universally valid and quasi-divine truth.
Similarly, the centrality of the white paper can be analogized to sacred scripture in religions. The mythologized absence of Nakamoto — often referred to as Bitcoin’s “immaculate conception” — has, in turn, stimulated competing exegeses of the white paper that aim to recover the true meaning of Nakamoto’s code and writings.
Over the past decade, incompatible interpretations of the white paper relating to technical features, such as block size limits, have triggered a series of so-called hard forks. Bitcoin Cash, for example, emerged in the summer of 2017 from developers’ disagreement about the block size and transaction throughput. The Bitcoin Cash–fork bifurcated Bitcoin not only into two different protocols but also into splintered “sects” that are guided by different visions of Bitcoin’s future.
So-called Bitcoin maximalists, for example, envision bitcoin foremost as a form of digital gold, that is, a decentralized store of value. This view emphasizes bitcoin as a “sound” alternative to fiat currencies. Given bitcoin’s finite and asymptotic supply, supporters of this view — which, because of its monetary network effects, consider bitcoin to be the only legitimate cryptocurrency — believe that bitcoin represents a digital store of value. In contrast, proponents of Bitcoin forks, such as Bitcoin Cash, envisioned that Bitcoin will primarily facilitate individual small-value transactions.
Culturally, as a consequence of these bifurcating views of Bitcoin, different communities on Twitter, mailing lists and online forums have organized around conflicting interpretations of the white paper and original Bitcoin source code, which represent two of the most sacred objects of Bitcoin. Naturally, for some of the more radical believers in the original vision of Nakamoto, the creation of altcoins — that is, cryptocurrencies that either directly copy Bitcoin’s source code or incorporate some of its technical or conceptual properties — is, in Bitcoin’s eschatology, equalized to heresy. Not surprisingly, the heresy of attempting to clone Bitcoin’s “immaculate conception” requires some Bitcoin maximalists to excommunicate altcoins and their developers and supporters from Bitcoin-related forums, social media platforms and meetups.
As Bitcoin full-node operators choose which vision of Bitcoin they support by running the software that enforces the protocol rules, running nodes can be reinterpreted as one of the foundational ritual practices of Bitcoin. The ritual of running a Bitcoin node represents the social process that decides upon, implements and enforces a set of transaction and block-verification rules, which network participants can adopt. By adopting the same set of validation rules, network participants form an intersubjective consensus about what constitutes “Bitcoin.” Dissenting network participants — which correspond to heretics — can only deviate from this intersubjective definition of Bitcoin by “hard forking” the protocol. By upgrading a copied version of the Bitcoin software to a new set of transaction and block-verification rules, the protocol becomes compatible with their belief and interpretation of the white paper.
Analogous to religions, early disciples are critical in diffusing bleeding-edge technological innovations. For example, technology entrepreneur Wences Casares proselytized Nakamoto’s utopian prophecy among Silicon Valley venture capitalists. In the early stages of Bitcoin, a small group of die-hard believers, such as libertarian technologists and cypherpunks, started to experiment with the technology when it was still in its proof-of-concept phase. Early adopters then started to improve the Bitcoin software.
This extreme belief of early Bitcoin adopters, in turn, triggered the interest of early speculators and investors, which were, often, ideologically motivated to invest in the technology. It was this inflow of capital and interest that triggered the first Bitcoin bubbles in 2012 and 2013.
After the peak — when bitcoin, for the first time, reached a price of more than $1,000 in November 2013 — the bubble collapsed and interest decreased substantially. Eventually, bitcoin’s price bottomed and formed a plateau that attracted a new cohort of new believers and investors who appreciated the importance of the technology. Bitcoin’s price plateau persisted for two years before a new bubble gradually started to form in 2015. A new base of adopters has, over the prolonged bear market that lasted from 2013 to 2015, formed for the next iteration of the hype cycle. The next two bubbles, which, in 2017 and 2021, resulted in unprecedented hype and attention, attracted an even larger set of adopters.
These cycles of Bitcoin bubbles, which have given rise to accelerating prices and increasing media attention, have created a self-validating feedback loop that is continually reinforcing the belief and commitment of Bitcoin Core developers, entrepreneurs, or speculators.
Bitcoin’s history, which is punctuated by these fractally repeating and exponentially increasing series of bubbles and hype cycles, shows that the extreme commitment and quasi-religious belief in the technology have been critical for bootstrapping the network and cryptocurrency into existence.
Now, while the religious dimension of Bitcoin is fundamentally important in the process of technology adoption and diffusion, we obviously can’t simply believe in Bitcoin for it to become successful. Money — in a free market — tends to converge on a single standard. In order for liquidity to gravitate to one cryptocurrency, its incentive design and protocol architecture must be vastly superior to any other competitor.
Bitcoin has objectively superior properties that are hard to replicate by altcoins. You can fork Bitcoin, but you can’t copy, for example, its network effects, the long track record of network reliability, or the self-reinforcing reflexive feedback loops that drive Bitcoin’s price, liquidity and security.
But coupled with its technical properties, the extreme beliefs and commitments of core developers, “HODLers” and entrepreneurs have, over the last decade, boosted Bitcoin’s market cap from zero to more than $1 trillion, and the network from one user — Satoshi Nakamoto himself — to more than 16,000 nodes. After all, as the history of Christianity, for example, demonstrates, a group of committed believers can have quite an impact.
As investor Peter Thiel once remarked: “The best startups might be considered slightly less extreme kinds of cults. The biggest difference is that cults tend to be fanatically wrong about something important. People at a successful startup are fanatically right about something those outside it have missed.”
It’s going to be interesting to witness what happens when more and more converts start to believe in the prophecy of Satoshi Nakamoto.
So far, the Bitcoin cult has been fanatically right.
Many thanks to Byrne Hobart and Michael Goldstein.
For a more detailed paper on the social dynamics of Bitcoin, see Tobias Huber and Didier Sornette, “Boom, Bust, and Bitcoin: Bitcoin-Bubbles As Innovation Accelerators.”
This is a guest post by Tobias Huber. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
At BitBlockBoom in August 2021, American Hodl prompted the audience to reflect on how we, as the future wealthy elite, will allocate our resources for the benefit of future generations. His main point was to emphasize the importance of making wise investments in a sound money economy because if someone squanders their bitcoin on reckless ventures, they wouldn’t be getting that bitcoin back. Though American Hodl didn’t share his own ideas for the types of things Bitcoiners should invest in to advance humanity, his question was an important inquiry into the values of Bitcoin users and his speech received a standing ovation.
Similarly, on a recent episode of the “What Bitcoin Did” podcast, Parker Lewis shared, “The key difference [between Bitcoin and the current monetary system] is, in order to get bitcoin, you have to deliver value on the free market. If you were to acquire money in this monetary system, you must deliver value to somebody on the other side. In the Fed system, 80% of all dollars that have been created, have been created since 2008. So, in the dollar system, that is not fundamentally true. You can either get dollars by delivering value to somebody else and be compensated or the Fed will step in and allocate dollars.” The current system does not incentivize creating value with the Federal Reserve as a buyer of last resort. When we transition to a bitcoin-denominated system, only those that create value will be rewarded. As Bitcoiners, we will have an opportunity to allocate our resources in ventures that align with our principles and provide value to the world.
So what are the core values of Bitcoin users?
Bitcoiners come from all walks of life and have many different values. That being said, the underlying value system that all Bitcoiners seem to share is one of individual sovereignty, fiscal responsibility, and low time preference through saving money.
These values combined and then actualized in the form of Bitcoin money will generate compounded financial wealth and power that can be distributed to support creative and innovative technology, electricity production and art. Much has been written in regards to Bitcoin’s innovative technology and energy use. Bitcoiners have proven time again that the energy use of the Bitcoin network not only encourages innovations in renewable and efficient electricity production, but also improves the security of the Bitcoin network to protect the first, truly open and decentralized financial system. If you’re interested in reading more about Bitcoin’s energy use, I recommend looking into Nic Carter’s writing or this article by Lyn Alden. Since there are countless articles demonstrating this benefit, the goal of this piece is to posit another benefit that Bitcoin will have on humankind: a major resurgence of all mediums of artwork as well as a flourishing of state-of-the-art infrastructure.
The beginning phases of what appears to be a revival of art is gaining popularity in the Ethereum community with NFTs. I believe this is a false equivalency to art collecting and is instead more analogous to collecting baseball cards, stamps and action figures. People are spending millions of dollars on glorified JPEGs. Bored Apes are another NFT fad where people are willing to spend preposterous amounts of money on rare editions. Getting a rare Bored Ape seems comparable to opening up a package of Pokemon cards and finding a Hologram Charizard card, though Bored Apes are created digitally using programmatically generated rare features instead of being spread around through the traditional means of physical production and distribution. Original physical art can be minted into tokenized NFTs and NFTs can be converted into physical art.
While there may be some intrinsic value to NFTs due to their digital scarcity, and especially when it’s made by artists using original pieces of art, there is a common joke among the cynics where they right-click to save the image and “own” it. This craze of digital scarcity is an example of misplaced low time preference as it relates to art. As Erik Voorhees tweeted, “NFT value is due to aesthetic and cultural desires and scarcity.” Yes, there are current cultural desires for these aesthetics but are they timeless like “The Mona Lisa” or “The Starry Night”? Will someone’s rare CryptoPunk be on display in a museum someday? My guess is the fervor for this type of art will fade and we won’t see these NFTs on exhibit anywhere except maybe at a niche Comic Con sort of event. With a lower time preference, the Bitcoin elite will have incentive to sponsor artists whose work can and should live on for future generations to appreciate and admire.
Back to BitBlockBoom. At the conference, Marisa Jean Angeli displayed her gorgeous, Bitcoin-themed work. It was the first original, non-digital artwork I’ve seen that was related to Bitcoin and many of her pieces sold by the end of the weekend. Another Bitcoiner I met designed Hodlsmith watches, a limited edition series of high-end, custom watches that can fit a Casascius coin (spent or unspent) in the back. Michael Saylor frequently appears in video interviews and podcasts sitting in front of a mouth-dropping full node sculpture by FractalEncrypt. These extremely limited sculptures capture historic snapshots of time during Bitcoin’s history. These are just a few examples of incredible Bitcoin artwork on which people are willing to spend significant sums of money. Just the other day, a statue in honor of Satoshi Nakomoto was unveiled in Budapest, Hungary. The idea was made into fruition by a team of Hungarian Bitcoiners. This statue is a prime representation of how a group of people who want others to appreciate and recognize the value created by another were willing to part with some of their precious sats in order to fund a project that will be on display for the public.
This artistic revolution isn’t limited to fine art and sculptures. Another great example of a different artistic medium is the documentary “This Machine Greens” which was presented by Swan Bitcoin last week. The film was completely funded in bitcoin by the Bitcoin community and focuses on the energy innovations mentioned earlier. The benefit of Bitcoin is making its way into other mediums as well. Music about Bitcoin is already on streaming platforms, with rappers being some of the first people to make songs about it. Though he didn’t make songs about it, rapper Nipsey Hussle (RIP) was an early Bitcoin adopter and spoke about the benefits of Bitcoin to XXL magazine. Breez Wallet and Sphinx Chat have figured out how to support content creators directly by allowing listeners to stream sats directly to podcast creators. This will have an enormous effect on the ability for artists to create original content and profit directly from it, instead of receiving $0.004 per stream from Spotify.
Once we reach hyperbitcoinization, when bitcoin is the primary medium of exchange and unit of account, how much money will Bitcoiners be willing to spend on art that is not directly related to Bitcoin? How else will a bitcoin-denominated society create opportunities for the arts to thrive? It’s possible we will see another period similar to the Renaissance when wealthy families, primarily the Medicis, sponsored artists by paying them commissions in advance. It’s not difficult to imagine how the appreciation of low time preference would encourage individuals to invest in artwork that will last beyond their lifetimes.
With wealthy Bitcoiners willing to allocate resources to the arts, we can move toward a more aesthetically appealing future that includes more than traditional styles of art. The patronage of the Medici Family extended beyond the sponsorship of artists to also facilitate the completion of important architecture, leading to the building of galleries, gardens, chapels and plazas. Many Bitcoiners often talk about living in a community within Bitcoin “citadels.” The idea being that Bitcoiners will live with other like-minded families in a protected structure. The design and construction of these buildings in the future can be created by supporting pioneering architects who take regenerative electricity production and heat generation into account. For example, powering ASICs with hydroelectricity and using the heat the miners produce to heat homes, hot tubs, greenhouses and more. We have barely begun to scratch the surface of how these tools can be used in harmony with design principles to manufacture completely off-grid, self-reliant systems. Imagine a world where the byproduct of bitcoin mining can provide additional use beyond securing the monetary backing of a global financial system.
Thinking about the future, what kind of world do we want to develop, create and promote? Who will design the citadels? How will we adorn the walls? What skills add real value to our lives? The question of how we allocate resources is one that we should start thinking about now. When hyperbitcoinization happens, we need to be prepared to utilize our amassed wealth in calculated and wise ways. Not only investing in things that will make us more bitcoin but also by supporting causes that will make the world a more beautiful place. Artwork, architecture and general innovation that aligns with our individual values is a great area on which to focus. I, for one, am looking forward to seeing how art prospers in a bitcoin-denominated world.
Will Clemente eloquently sums up these beliefs, “Fiat incentivizes short-term thinking, subconsciously creating materialism/instant gratification. Bitcoin incentivizes long-term thinking, leading people to create and innovate. Now apply that framework from an individual level to all of society. The Bitcoin renaissance is near.”
Note: The title of this piece was inspired by the “Fuck Your Great Reset” episode of the “Wake Up Podcast.”
This is a guest post by Craig Deutsch. Opinions expressed are entirely their own and do not necessarily reflect those of BTC, Inc. or Bitcoin Magazine.
I am sending this message from the year 2089. Things have never been so good in all of human history and some of you will still be here to see it.
If you don’t believe me, I don’t have the time to try to convince you, sorry.
I know you are all busy building and I don’t want to waste your time, so I’ll simply explain what happened.
On average, every year, the value of a bitcoin continued to grow at an over 250% annualized return, that is, of course, until hyperbitcoinization began in earnest. Arguably, hyperbitcoinization began with the genesis block, but when the US government started printing trillions of dollars during the old pandemic of 2020, the world en masse began to lose faith in their unit of account, the U.S. dollar.
The largest demographic in the U.S., the Baby Boomers, began retiring. They held most of their wealth in their homes and retirement accounts (consisting mostly of equities) and as they watched the financial markets and real estate pump and dump continuously — due to money printing and government handouts, exacerbated by schizophrenic fiscal policy — they realized there would eventually be no demand for their overpriced homes and Amazon stock (I’m not sure what this company did, but I’ve read about it being very large), and started to cash out.
This, coupled with small countries beginning to adopt bitcoin as currency, led the way to broader de-dollarization. China, for a few years, attempted a digital Yuan, but a civil war ended their dream by destabilizing their CBDC rollout. The debtor countries in the Chinese Belt and Road initiative realized they could simply convert their treasuries to bitcoin, and clear their debts in the weakened Yuan currency after a year or two, thus securing their financial freedom.
Back in the U.S., all hell broke loose when Vanguard, Fidelity and Schwab started metering retirement account redemptions. I don’t want to oversimplify those years, but scams abounded and confusion was the norm. Many lost their life savings while others 500x-ed what they had by buying bitcoin as soon as possible. In all, it became clear when the dust had settled that the digital scarcity of bitcoin was the only enforceable unit of account.
One famous couple, whose son had been telling them to buy bitcoin since 2020, lost everything in their retirement accounts. That is, until one Thanksgiving when he logged into the long forgotten Swan Bitcoin website and realized their auto DCA of $50 a week had been running continuously for the last 10 years. They quickly bought a plane ticket and moved to a Bitcoin Citadel community for their remaining years.
“What is a Citadel?” you might wonder.
The concept started as a term of art to describe a hard money response to the fiat world pre-Bitcoin. Today you probably think of the “fiat world” when you see over-processed foods, low-quality imported products designed with planned obsolescence or hyper-bureaucratic organizations that seem to produce little. Those things are alien to us in my time. I’ve only read about them, but I believe you’ll understand what I mean when I mention them. The Citadel concept has become a cornerstone of Bitcoin and most people in my era see the concept of a Citadel as one of the following:
Initially governments tried to fight hyperbitcoinization by ostracizing early Bitcoiners and maligning them as dissidents or radicals. The Federal Reserve printed tens of trillions of dollars and distributed them widely, thinking that they could turn the average person away from bitcoin. This provoked serious inflation and this plan backfired egregiously when the federal government shot and killed 25 peaceful protesters who had assembled in front of the White House to advocate for banking the underbanked in America’s major cities with Bitcoin. After this event, it became clear to nearly everyone that they could not stand for a government that enacted violence on those trying to improve the lives of others.
As more and more individuals opted out, government receipts faltered. The U.S., flush with cash but lacking any purchasing power, capitulated and announced they were buying bitcoin. This announcement, combined with the flood of Baby Boomers passing their wealth down to younger, more bitcoin-savvy people and smaller countries opting for a Bitcoin Standard is still seen today as the moment Bitcoin had won a peaceful revolution.
After governments realized they could not defeat Bitcoin as a network, they became obsessed with energy production and chip manufacturing as a way to participate in the network. Geopolitical advantage went to the country who was able to produce massive amounts of energy at a low cost and with low environmental impact. Natural gas and oil consumption are non-existent in my day. Some people still drive around in vintage internal combustion vehicles, but that is seen as an expensive hobby because oil is so difficult to find. Today we use various forms of fission and fusion reactors to power everything from our homes and devices to our cities, planes and ships. Our chips are 100,000 times faster than your fastest quantum computers and fit in handheld devices that never require charging.
What you might call my cellphone — the device I keep with me most often for communication, work and play — is running a full bitcoin node and is mining bitcoin! It only generates three to six sats a month. I chose this model, one of the most expensive in the market, because of the more powerful 3500 terahash mining computer inside of it. It won’t pay for itself and is nowhere near as advanced as the 1,000,000 terahash units some of the larger energy companies have, but it is nice to have a few sats a month to get lunch or spend on a coffee date.
Even the most staunch talking heads against bitcoin capitulated when they saw what was happening in Africa, South America and Southeast Asia. With the introduction of a hard money standard and near limitless energy and computing power available to all, slavery and government tyranny disappeared entirely as the demand for garbage “fiat goods” produced on these continents dried up. These locations in particular flourished immensely as their people were able to utilize their skills and resources at home, own their own wealth and labor, and keep the rewards nearby. Service markets that used to rely on geo-arbitrage like design, programming, marketing strategy or website building, became more equitable when everyone was transacting in a shared currency and governments around the world had to compete for citizens. Some later scholars interpreted this as a global redistribution of wealth while others saw it as the major social turning point when governments across the world started to think of their citizens as customers to be served and not taxpayers to be audited.
You might wonder, what is our plan now? To say we live in a utopia is incomplete. Some individuals have attempted to use their newfound wealth to create militias, take over lands or attack and rule over others. But these types of attacks work less and less as the years go on and Bitcoin becomes more and more decentralized. As countries themselves fight mainly to innovate, they fight less and less to dominate. They focus more on serving their citizens and protecting fundamental rights. This has led to a mass de-radicalization of politics and media as businesses and governments insist on maintaining peace, otherwise their citizens will simply leave for a better country.
Of course, in some sense hyper-bitcoinization is not yet complete, but we are living in a far more just and peaceful world because of what you created in the early 2000s.
This is also the reason I contacted you.
Keep going. What you see now as a vision becomes a reality. I don’t know how to explain to you that it was all worth it; you won and the human race itself has become something better for your work. I can’t imagine the difficulties that you have gone through and the ones you are about to go through.
However, I have seen where it leads.
This is a guest post by Robert Warren. Opinions expressed are entirely their own and do not necessarily reflect those of BTC, Inc. or Bitcoin Magazine.
The defenders of monetary freedom must continue to fight for bitcoin against the powers of evil.
I would like to give credit for the inception of this article to one of my Twitter Spaces friends, “Ant” (@2140data).
I have been trying to analogize Bitcoin to a creature or organism that is constantly evolving, adapting and surviving as it gets attacked over and over again. I came up with ideas like viruses, the earth and certain animals but when Ant likened Bitcoin to the Marvel Comics Sentinels, I had my “ah hah” moment. This was the best analogy for me because I can remember the nostalgia of watching Saturday morning X-Men cartoons while eating my bowl of Fruit Loops.
For those that don’t know, Sentinels in the popular 1990s cartoon show, X-Men, were created by humans to fight mutants and they had the incredible ability to adapt and evolve to whatever mutant that they were trying to fight.
If the Sentinels were being attacked by Colossus, who is known for his super strength and impenetrable metal body, the Sentinels were able to become super strong and develop impenetrable metal bodies.
When the Sentinels fought Magneto, who possessed magnetic powers to control metals, they were able to change the molecular composition of their metal bodies to a non-metallic material so that Magneto could not manipulate or control them.
One of the most powerful mutants was Mystique, who could change into whatever mutant that she wanted to. The Sentinels were programmed to have Mystique’s ability to turn into any mutant and wield their powers, which made them even more powerful and unstoppable!
Satoshi Nakamoto engineered the most powerful Sentinel known to the mutant world: Bitcoin. Satoshi’s Sentinels are so powerful because they are programmable and can destroy any mutants such as governments, countries, Elon Musk, Peter Schiff, Nouriel Roubini, Steve Hanke and any other mutant that dares attack them.
When Satoshi’s Sentinels fought Elon Musk’s green energy FUD “powers”, they reprogrammed themselves to evolve into even more energy efficient Sentinels by integrating more green energy into their network.
When Satoshi’s Sentinels fight the intolerable mutant Peter Schiff and his century old “gold powers,” Satoshi’s Sentinels punch him in the face with more adoption as a store of value. Satoshi’s Sentinel’s eyes shoot Schiff with their golden laser beams as they become more stable, hard and long lasting money like gold. Satoshi’s Sentinels’ golden bodies glimmer in victory as Schiff continues to be the “Old Man yelling at Bitcoin” meme.
Satoshi’s Sentinels continue to fight mutants like the annoying Nouriel Roubini and uninformed Steve Hanke who try to fight it with their “economist powers.” Satoshi’s Sentinels battle their powers by becoming more integrated into the world economy. Satoshi’s Sentinels’ decentralized, economic programming continues to destroy the negative, poisonous narratives that these two “powerful” Ph.D. economists spew. Satoshi’s Sentinels absorb this poison and become immune to these two malicious mutants. Satoshi’s Sentinels continue to slowly destroy Hanke’s and Roubini’s narrative that bitcoin is a bubble in the same way the Internet was a bubble. Unbeknownst to these mutant ignoramuses, this exponential “bubble,” which is typical of all new technologies, is going to become the new monetary network that they say is not possible.
There will be thousands of other mutants that try to fight Satoshi’s Sentinels but the Sentinels will continue to adapt, evolve and become immune. This is because Satoshi’s engineers will continue to reprogram his Sentinels as long as there is consensus among the nodes and miners.
One of the most powerful mutants ever known in Marvel Comics was Apocalypse. Apocalypse was an immortal mutant who could become stronger as he siphoned strength from his enemies. Satoshi’s Sentinels are currently fighting this super powerful, Apocalypse-like mutant known as the central banks. Satoshi’s Sentinel’s are slowly destroying the central bank’s age-old ability to suck away the purchasing power of humans and render their hard work valueless. Ninety-nine percent of the world has still not called upon Satoshi’s Sentinels to fight the central bank’s monetary-siphoning powers. Nevertheless, Satoshi’s Sentinels continue to propagate and integrate themselves into this powerful monetary mutant’s legal tender laws, energy systems and geopolitics.
The moral of the story for the monetary mutants that want to fight Satoshi’s Sentinels is to not fight them because they will lose. Satoshi’s Sentinels will continue to evolve and adapt as Satoshi’s engineers make them bigger, faster and stronger. Satoshi’s Sentinels continue to play out their monetary game theory with the mutants and are now playing X-Men: Endgame.
Once again, thank you Ant (@2140data) for the inspiration to write this article. I had fun writing this one!
This is a guest post by Jeremy Garcia. Opinions expressed are entirely their own and do not necessarily reflect those of BTC, Inc. or Bitcoin Magazine.