A friend told me that BTC is a Ponzi scheme, which is absolutely unsustainable and will collapse one day. I sincerely suggest that you don’t post tweets about BTC in the future.
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, which is that 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 the consensus of idiots 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 and a tulip bubble.
The consensus of 100,000 people is a cult and must be wiped out as soon as possible.
The consensus of 100,000,000 people is already a religion and an ideology, which can endorse a sovereign state.
The formation 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 formation process.
It is just like even if you are an atheist, it is impossible to say that Christianity is a cult. 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 government bonds in some places.
As long as BTC can survive for 100 years, it will definitely be a sky-high price in the future!
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