Effectively we did it, 100k Bitcoin is right here. I’m positive numerous you might be fairly proud of 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 so as to maintain onto your cash so as to get to that place within the first place.
All of you might be right here since you initially acquired fortunate, you discovered Bitcoin on the proper time, you had somebody you belief introduce you to it, the precise confluence of occasions coalesced on the proper time to get you to take it severely. That’s not why you stayed, why you held via 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 vital to maintain that in thoughts. It’s a mixture of luck and your personal effort that acquired you this far, it’s not solely simply you and your brilliance or iron will. It’s the confluence of each.
This actually is a degree of no return, and an enormous shift in what’s going to occur going ahead. Issues are going to get more durable, 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 must face. And more cash goes to herald much more folks, all of that are going to must be satisfied that these issues exist. Satisfied that the options to them are issues now we have 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 just isn’t the one downside with cash. There may be the power on your wealth to be seized, surveiled, managed. These issues should not mounted just because Bitcoin exists with its finite provide.
To repair these issues, Bitcoin really has to scale. We want the community to be accessible to sufficient those that it prevents cash from accumulating in a handful of huge custodians which can be trivially capturable by regulation. With out that, your cash will probably be seizable. It is going to be surveillable. None of these issues will probably be mounted.
So don’t let this worth landmark distract you from that. Verify your ego, and preserve a practical perspective. Issues should not mounted but simply due to a quantity on a display, not even shut. There may be 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 solely the writer’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.