Sunday, October 13, 2019

Bitcoin’s value is intrinsic

When we start heading down into a recession and dollars are harder to come by, bitcoin will still be growing in value due to how network effects intrinsically work. That will intrinsically motivate people to jump from the down elevator to the up elevator unless they are stubborn and narrow minded. While that happens and adoption increases it will also intrinsically prevent a catastrophe like The Great Depression from occurring again. A transition to Bitcoin will lessen that catastrophic event to more of a mild burning discomfort. Like one that hurts so good as if it’s helping. A discomfort like as if we were detoxifying or breaking addiction or dependence from a drug... consumerism being that drug here. Then once we’re over that discomfort and we’re more balanced in that we’re consuming at most as much as we create (macroeconomic homeostasis), we will see that our value has risen intrinsically and we’re therefore not tied to working for someone else to generate wealth we’ll start to intrinsically create value for others by being ourselves in the time that we earn back from the broken system we live in today, which will in turn, intrinsically generate more wealth. It’s a positive feedback loop and positive feedback loops are intrinsically positive.


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