Bulldozer00's Blog

Things are scary and weird once again in the Bitcoin universe. Every Bitcoin advocate I know missed this pullback and sentiment in general is low. The price of BTC has wobbled slowly between $87k-$92k for months like a boat without a motor, and the knives are out. But once again Bitcoin don’t care.

In times like these I always try fall back to my training as an engineer: find the bedrock truth.

For 1000s of years humans have been looking for the perfect universally accepted money to transact with strangers in lieu of violence and pillaging like savages. As we evolved, we became “educated” and now we know what the hell they were searching for. They were sniffing for some physical matter that satisfied the following attributes:

They tried to use salt, shells, beads, feathers, cheese, rocks, yada, yada. Finally, the world magically converged on gold as the best money to employ for transacting with others. But of course, everyone was thinking local, point-to-point, handoffs and no one thought of an invincible, global, wall of energy that ferociously protects Bitcoin. Ultimately, it’s all about cosmic energy, all of it, and us.

Want some more emotionless metrics?

And the shapeless orgless org that nourishes our little badger:

And Bitcoin doesn’t have to worry about these types of noble but archaic concerns.

As more and more people learn about the current inflationary prison they’re in, they”ll continue to move out of USD, into gold, and into Bitcoin. It’s a slow trickle for now. Tick tock next block.