I've Seen Bitcoin Die One Block at a Time

Thousands and thousands of individuals gathered for the Bitcoin conference in Miami just one year ago. We had the mayor of Miami rocking the stage with Michael Saylor, Max Keiser, the president of El Salvador, and many others.

It's basically impossible to have a Bitcoin conference almost anywhere in the world right now without the halls being full. BUT there was a time when Andreas Antonopolus was having such conferences with almost no public at all.

When Antonopolus talked about Bitcoin's neutrality, about one decade ago, there wasn't much audience for this type of talk. Bitcoin's time wasn't yet then. But it now is.

Neutrality is what makes it the standard, according to Antonopoulos, and it makes so much sense, because the blockchain processes every transaction and secures the network 24/7 whether it is drug dealer money, the freedom convoy funds, a supercar purchase, or just your simple stacking sats routine.

It is not much of a currency as it is a store of value IMO. It was designed by Satoshi Nakamoto to be a currency, but in reality, we don't see it being used much as such. Stablecoins such as USDC, USDT, and BUSD are serving this purpose better.

As a matter of fact, I'm using such coins almost on a daily basis. However, Bitcoin doesn't give a fuck about you, me, or anyone in the world, but it's still by far the best fuck you money the world has had.

When you have a country like Russia pointing at the potential of Bitcoin in order to circumvent the idiotic US sanctions you know it's the real deal. It has died a thousand lives, but it is still alive. As a matter of fact, it seems that so far, Bitcoin has died, according to the media, something like 450 times.

"China state-run newspaper 'Economic Daily' says Bitcoin is heading to zero".

Well, let's rephrase that: China would love Bitcoin to go to zero, but it's not going to happen. China however wished this to happen because Bitcoin is the biggest threat to its governance and financial system and the best anti-government money.

I bet 99.9% of the deaths Bitcoin has gone through have happened during bear markets because that's when the sentiment gets pushed to the ground and when confidence in this technology falls off the cliff for the poor and weak in belief.

As I type this post, machines are building blocks, miners are getting paid and the network keeps on running as it has done for over a decade. Bitcoin has died a thousand deaths and it's done that "one block at a time".

Like the internet in the 90s, its timing is more than perfect, and despite the current correction for the dollar valuation of the currency, time and external circumstances will only push it higher.

Thanks for your attention, Adrian

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