Someone just asked, saying that BTC is a Ponzi scheme, absolutely unsustainable, and will collapse one day. I sincerely suggest that you don't tweet about BTC in the future. Remove the LS Chinese character TT and it will be Wowei0111
So, let's discuss it together: Do you think BTC can survive for 100 years? Will people in 2124 still recognize BTC?
At least in my opinion, BTC has one advantage, that is, there is no need to judge whether the political system is stable, because BTC is super-sovereign.
Whether BTC can survive for 100 years involves the judgment of BTC's consensus mechanism and whether it can survive for 100 years.
There is a saying that is very good, the consensus of the idiot is also consensus.
Consensus is a bit like "those who steal hooks will be executed, and those who steal countries will be marquises."
The consensus of 1,000 people is a Ponzi scheme, a tulip bubble.
The consensus of 100,000 people is a cult and should be wiped out as soon as possible.
The consensus of 100,000,000 people is already a religion, an ideology, and can endorse a sovereign state.
The cohesion of this consensus is a process of qualitative change caused by quantitative change, which is irreversible. When only tens of thousands of people held BTC, it was completely OK to say that it was a Ponzi scheme, because it was indeed possible to collapse.
Now the number of Bitcoin holders has exceeded 100 million. Those who still say that BTC is a Ponzi scheme do not recognize the irreversibility of this consensus cohesion process.
It is just like even if you are an atheist, it is impossible to say that Christianity is a cult now. This is unrealistic, because it has already gathered the consensus of hundreds of millions of people. Even if you think these hundreds of millions of people are idiots, Christianity will not disappear.
Therefore, after thinking about the consensus mechanism of BTC, do you think BTC can survive for 100 years?
At least I think the probability will be greater than that of most stocks, land and real estate, and some local government bonds.
As long as BTC can survive for 100 years, it will definitely be a sky-high price in the future!