Carl on Nostr: #Bitcoin isn't just another speculative crypto token - it's an ever expanding network ...
#Bitcoin isn't just another speculative crypto token - it's an ever expanding network of value transmission. Want a tangible example of this? 🤔
Just try downloading bitcoin core from bitcoincore.org.
It's going to take a while - it's 500GB. 😬 But if you check the download status from time to time, you'll notice something interesting: the size of the blockchain accelerates over time, regardless of the price of #BTC.
The download progress is measured in years and weeks, and the closer you get to the present, the longer it seems to take. 🕑
We're still hitting all-time highs in hashrate, and we're nowhere near an all-time high measured in price.
It's not about price, folks. 🤑
It never has been.
It's about value. 💪
The few who understand this will reap the rewards of price in the long run, because price CHASES value.
If you try to chase price in the short term (shitcoins, anyone?) you will most likely end up with nothing of value in the end.
Stay humble. Stack sats. 🧡⚡️💜
PV, Nostriches! 🤙
Published at
2023-03-29 21:13:56 UTCEvent JSON
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"content": "#Bitcoin isn't just another speculative crypto token - it's an ever expanding network of value transmission. Want a tangible example of this? 🤔\nJust try downloading bitcoin core from bitcoincore.org.\n\nIt's going to take a while - it's 500GB. 😬 But if you check the download status from time to time, you'll notice something interesting: the size of the blockchain accelerates over time, regardless of the price of #BTC.\n\nThe download progress is measured in years and weeks, and the closer you get to the present, the longer it seems to take. 🕑 \nWe're still hitting all-time highs in hashrate, and we're nowhere near an all-time high measured in price.\n\nIt's not about price, folks. 🤑\nIt never has been.\nIt's about value. 💪\nThe few who understand this will reap the rewards of price in the long run, because price CHASES value.\n\nIf you try to chase price in the short term (shitcoins, anyone?) you will most likely end up with nothing of value in the end.\n\nStay humble. Stack sats. 🧡⚡️💜\n\nPV, Nostriches! 🤙\n\n",
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