Is #Bitcoin a bubble?
No, it's not.
Because technological changes have always paved the way for better currencies throughout history.
And Bitcoin is a better currency.
Let me explain.
Once upon a time, cows, salt, and seashells were "money."
Why?
Because humanity's technology was sufficient only to produce, find, and exchange these.
Then came gold and silver.
Why?
Because humanity's technology advanced, industries like mining and mineral processing emerged, and chemistry helped understand the uniqueness of these two substances.
Factors such as the scarcity and difficulty of gold and silver, and the fact that coins are easier to carry than cows in trade, made these two metals better currencies.
Then came paper banknotes.
Because, on the one hand, the printing press simplified the printing process, and, on the other, the development of accounting, banking, and economic tracking systems made trading paper banknotes easier than trading gold and silver.
The next step, with digitalization, most of the money moved to screens and databases, essentially becoming a piece of code.
This development enhanced international trade, making it easier and more secure to cross borders.
The global trade volume grew, and even individuals like us could invest our money wherever we wanted.
But both paper and its digital versions of money have a problem:
They are still governed by a central political authority, and politicians want to plentifully fund money to win elections. This devalues the currency, creating inflation.
Someone, still unknown, who recognized these problems, has ushered in a new era: the era of code-based money!
Bitcoin is taking control of its production from politicians and centralized financial products and transforming it into digital, decentralized, and programmable value.
Now, money is software written line by line, a global code accessible to everyone.
Technology has advanced, and money has adapted to every era.
Now, leadership is preparing to transition to code.
The economy is being reshaped with a few lines of software.
Yesterday was a shell, today was code! The currency of the future is now in software.
On the other hand, this transformation will certainly not be easy. The current system will attack with all its might.
But Bitcoin, which has been with us for only 17 years, continues to grow and develop despite all the centralized economic forces trying to destroy it.
Sometimes, I, too, have had moments of anxiety due to the power of these attacks.
I even had one day when I sold all my Bitcoins.
But the Bitcoin network continues to operate uninterrupted despite all the attacks.
That's the important thing.
The rest is just noise to me.
You can test my patience all you want.
