0005 | Bitcoin: The Race to Adopt
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0005 | Bitcoin: The Race to Adopt
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"We can ignore reality. But we can't ignore the consequences for ignoring reality." -Ayn Rand
Bitcoin is a monetary technology that is accessible to everyone. Anyone with internet access and $5 to save can save their time and energy using bitcoin. It cannot be manipulated by any outside authorities.
Because of bitcoin's verifiable scarcity, Bitcoin adoption is a fantastic example of game theory. Participants can act anticipating how others in the future will eventually act. Increasingly, participants with larger pools of capital will begin to appreciate the power of Bitcoin and participate in the network. The larger the network gets, the less risky it becomes. With bitcoin - paradoxically - the higher the price, the lower the risk.
Anyone with internet access chooses to either store their time and energy into bitcoin or to not store that productivity into bitcoin. Either way, making a decision to invest or not invest in bitcoin will have consequences. Do research and act accordingly.