TD₿: Understanding Money & Exponential Technologies by BitcoinTINA
TL;DR Bitcoin sits at the intersection of money and technology and will not grow linearly.
Hey Bitcoiners,
When I think back to the last bear market in 2018 and compare it to today, it’s astounding how far Bitcoin has come.
Back in 2018, Bitcoin was very much still a fringe asset that was only discussed in the media when pundits would mock it for its “crashing” price.
Nowadays, it’s rare for a day to go by where Bitcoin is not being discussed across major media outlets. It’s no longer acceptable for influential figures to brush off Bitcoin as a fad. In fact, if they do say something like that, people now view them as behind the times or misinformed.
In 2022, we have major investment firms, banks, billionaires, pension funds, endowments, public companies, and more, all allocating to Bitcoin. One reason we’re seeing this trend is that the tools and infrastructure are now in place for them to accomplish this.
If it feels like things are accelerating, that’s because they are. This is because each generation of technology builds on top of the last. I believe we are seeing the exponential growth of a new ground-breaking technology powered by the last ground-breaking technology, the Internet.
BitcoinTINA gave this interview a couple of years ago where he explained how people are not prepared for how fast Bitcoin’s adoption will grow. (07/23/2020)
Less than two years ago, Bitcoin broke through $20,000, and market participants were euphoric. Today we’re at those same price levels, except now people are claiming Bitcoin is dead…and the price is still above twenty thousand dollars!
I run a company in the industry, and it’s even hard for me to wrap my head around the growth of Bitcoin’s adoption. It makes me wonder if we’re already living in the time of hyperbitcoinization.
Tick tock next block,
Cory Klippsten
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Quote of the Day
“The only solution to hyperinflation is hyperbitcoinization.” - George Mekhail, Director of Marketing at Bitcoin Magazine
Job of the Day
Lightning Labs is looking for a Lightning Infrastructure Engineer to design and build out the key components that will support the initial bootstrapping and growth of the network.
Not your particular skillset? Check out all the Bitcoin jobs at bitcoinerjobs.com.
Event of the Day
Tomorrow — join other Bitcoiners for Bitcoin lunch from 11:45-1:15 pm in Frisco, TX, and enjoy some Bitcoin talk while feasting on some great Texas BBQ.
Not in town for this? Check out all the Bitcoin events at bitcoinerevents.com.
Meme of the Day