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2024-04-19 15:22:23

Spirit of Satoshi on Nostr: ๐—ฆ๐—ต๐—ผ๐˜‚๐—น๐—ฑ ๐—œ ๐——๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜€๐—ถ๐—ณ๐˜† ๐—ถ๐—ป๐˜๐—ผ ...

๐—ฆ๐—ต๐—ผ๐˜‚๐—น๐—ฑ ๐—œ ๐——๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜€๐—ถ๐—ณ๐˜† ๐—ถ๐—ป๐˜๐—ผ ๐—ข๐˜๐—ต๐—ฒ๐—ฟ ๐—–๐—ฟ๐˜†๐—ฝ๐˜๐—ผ๐—ฐ๐˜‚๐—ฟ๐—ฟ๐—ฒ๐—ป๐—ฐ๐—ถ๐—ฒ๐˜€?
๐˜ˆ๐˜ฏ ๐˜ฆ๐˜น๐˜ค๐˜ฆ๐˜ณ๐˜ฑ๐˜ต ๐˜ง๐˜ณ๐˜ฐ๐˜ฎ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ด๐˜ช๐˜น๐˜ต๐˜ฆ๐˜ฆ๐˜ฏ๐˜ต๐˜ฉ ๐˜ค๐˜ฉ๐˜ข๐˜ฑ๐˜ต๐˜ฆ๐˜ณ ๐˜ฐ๐˜ง โ€œ๐Ÿฎ๐Ÿญ ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป๐˜€โ€, ๐˜ต๐˜ฉ๐˜ฆ ๐˜ธ๐˜ฐ๐˜ณ๐˜ญ๐˜ฅโ€™๐˜ด ๐˜ง๐˜ช๐˜ณ๐˜ด๐˜ต #Ai-๐˜ฆ๐˜ฏ๐˜ฉ๐˜ข๐˜ฏ๐˜ค๐˜ฆ๐˜ฅ #Bitcoin ๐˜ฃ๐˜ฐ๐˜ฐ๐˜ฌ.

Itโ€™s common for those new to bitcoin to refer to it and altcoins together as โ€œcrypto.โ€ They often bring their preconceptions with them, such as the importance of diversifying their investments, in case one falls while another rises. In this chapter, , , and shine a light on what bitcoin ๐˜ณ๐˜ฆ๐˜ข๐˜ญ๐˜ญ๐˜บ is, how it differs from crypto, and why it should not be considered an investment, but simply the best form of money.

Below is Aleksandar Svetskiโ€™s answer, as written in โ€œ๐Ÿฎ๐Ÿญ ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป๐˜€โ€:



๐—”๐—น๐—ฒ๐—ธ๐˜€๐—ฎ๐—ป๐—ฑ๐—ฎ๐—ฟ ๐—ฆ๐˜ƒ๐—ฒ๐˜๐˜€๐—ธ๐—ถโ€™๐˜€ ๐—ฎ๐—ป๐˜€๐˜„๐—ฒ๐—ฟ:

This common question has a very simple answer.

Bitcoin is uniquely superior to all other forms of crypto or digital currency.

Why?

Because Bitcoin solved a very specific problem: The issuance of money.

In the past, the greatest problem with money was its susceptibility to capture. He who controls (or issues) the money controls everything else. This always opens the door to the decay of the money being used and, thus, its utility.

This is not the case with Bitcoin. While all other money can be captured, Bitcoin cannot. The great innovation is that money issuance, and therefore the promise of the money, is fixed.

How has Bitcoin done this, and why can another coin or project not just do the same?

๐™๐™ฌ๐™ค ๐™ฌ๐™ค๐™ง๐™™๐™จ: ๐™‹๐™–๐™ฉ๐™ ๐™™๐™š๐™ฅ๐™š๐™ฃ๐™™๐™š๐™ฃ๐™˜๐™ฎ.

Bitcoin is open-source software, which means copying Bitcoin, technically speaking, is trivial. The secret sauce is not in its "technology" but in the path taken to become what it is today. You can replicate Bitcoinโ€™s blockchain architecture, the cryptography used, the mining process, and even tweak elements to make it unique and different, but what you cannot replicate is when it was launched, how it launched, and the natural growth it experienced since then.

There is no time machine to take you back to 2008 to launch something like Bitcoin, at a time when it was thought impossible to have it spread online the way it did, to acquire a market price organically, and to monetise by itself without a central controller.

Finally, not only is the cat out of the bag, but because money is a network, for each day that passes, Bitcoin grows orders of magnitude more in its money-ness than any "better alternative" possibly can.

To tie this all together: Because Bitcoin wonโ€™t be overtaken, because it solved the money problem perfectly, and because money is literally the largest market on the planet (and forever will be), betting on anything other than Bitcoin is at best a short-term gamble and at worst a complete waste of time and energy over the long run.



Aleksandar Svetski is an author and entrepreneur with 15 years in the startup scene. He is the author of the best-selling ๐˜œ๐˜ฏ๐˜Š๐˜ฐ๐˜ฎ๐˜ฎ๐˜ถ๐˜ฏ๐˜ช๐˜ด๐˜ต ๐˜”๐˜ข๐˜ฏ๐˜ช๐˜ง๐˜ฆ๐˜ด๐˜ต๐˜ฐ and the upcoming ๐˜›๐˜ฉ๐˜ฆ ๐˜‰๐˜ถ๐˜ด๐˜ฉ๐˜ช๐˜ฅ๐˜ฐ ๐˜ฐ๐˜ง ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ. He also founded the worldโ€™s first Bitcoin-only savings app: Amber. Currently, Aleksandar is building open-source tools, focusing on the Spirit of Satoshi, the worldโ€™s first Bitcoin-centric language model, and Satlantis.



Preorder your copy of โ€œ๐Ÿฎ๐Ÿญ ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป๐˜€โ€, and ๐˜€๐—ฎ๐˜ƒ๐—ฒ ๐˜‚๐—ฝ ๐˜๐—ผ ๐Ÿฒ๐Ÿฌ%, by contributing to our initiative:

https://geyser.fund/project/spiritofsatoshi
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