Tắt Quảng Cáo [X] Đăng Nhập để ẩn Tất Cả Quảng Cáo An interesting thing about Bitcoin is that almost no one believes in it right away. Bitcoin’s design is so ugly and counterintuitive that almost everyone rejects it as impossible at first. There were around three years between when I first heard about Bitcoin and when I finally started to seriously investigate it. I studied game theory and mechanism design in grad school, so I knew exactly why Bitcoin couldn’t work. I just couldn’t figure out why it was still around. In theory, I was confident that Bitcoin could not exist… but in practice, it did. And when theory conflicts with observed reality, it is theory that must change. I became skeptical of my skepticism. I read the white paper. I changed my mind. More than anything I can write or say, the most compelling evidence that Bitcoin works as advertised is the history of its operation so far. The longer Bitcoin continues to exist, the more seriously you should take it. The academic term for this is the Lindy effect — the idea that the longer something has survived, the longer you should expect it to continue. We could all collectively decide tomorrow that gold is no longer valuable, and we could decide to keep listening to today’s hit singles forever. But we probably won’t. Gold has been valuable for a long time, so it will probably still be valuable a long time from now. Today’s top songs are mostly new, which suggests that tomorrow’s top songs will probably mostly be new as well. The continued existence of something is evidence it will continue existing. That’s the Lindy effect. That’s why governments around the world have stopped ignoring Bitcoin and started to develop formal policies to outlaw, regulate or adopt it. A policy of ignoring Bitcoin and assuming it will go away on its own is no longer realistic. If Bitcoin was going to go away on its own, it already would have. Ponzi will not reveal secret Bitcoin has value because it is useful A common objection to Bitcoin is that since it isn’t backed by anything, it must not be worth anything. Since it doesn’t have any intrinsic utility, it must be a greater fools’ game, where the only goal is to sell your worthless bags at a higher price to an even greater fool than you. It is true that the only use for Bitcoin is to transfer your Bitcoin to someone else — but that doesn’t mean Bitcoin is useless. Transferring value is a valuable service. That’s why banking is so lucrative. “As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties: – boring grey in colour – not a good conductor of electricity – not particularly strong, but not ductile or easily malleable either – not useful for any practical or ornamental purpose and one special, magical property: – can be transported over a communications channel. If it somehow acquired any value at all for whatever reason, then anyone wanting to transfer wealth over a long distance could buy some, transmit it, and have the recipient sell it.” — Satoshi Nakamoto Money is a technology for transporting value through space and time. Bitcoin is a vehicle for value that eliminates physical distance and cannot be diluted, seized or censored. It is the value of that service that “backs” the value of Bitcoin. Vui lòng đăng kí hoặc đăng nhập để thấy liên kết tại BigMMO