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Dennis's avatar

"Never, and I mean ever, treat your Bitcoin like that!" Amen. I'm still trying to wrap my head around this. Bitcoin is not like anything else.

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Jun 7, 2023
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Vincent Van Dough's avatar

No way to stop the inevitable. Might be able to slow it down here and there but game theory insures its success long term!

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Jun 7, 2023
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Vincent Van Dough's avatar

With Bitcoin, I'd briefly describe it like this:

A game is being played where one money is replacing all of the others. If you don't know about the game, you're automatically losing. If you know about the game and refuse to play (you're dumb, you're arrogant, etc) you're losing. If you know about the game and are playing, you're on the way. If you really know the game, you can dominate

That's from my HODLing perspective. There's a whole additional world from the mining and tech side. Someone much smarter explains it here: https://medium.datadriveninvestor.com/bitcoin-as-a-master-piece-game-theory-and-incentives-3b9f10ceb782