The investor community is recollecting that back in the day, the internet wasn’t necessary. People didn’t see the perspectives of a mobile phone. And, now, we are attached to those. Similar to that, Bitcoin and Blockchain are becoming inevitable.

Richard Dick Whitman, tweeted a video that goes like this:  Do you have any concerns about a large nation-state that is interested in just actively destroying Bitcoin to make their own super-rigs.  And, then design chips and then rope in hundreds of millions of dollars to intentionally disrupt the blockchain?

The respondent replied:  I don’t worry about that at all.  This cannot be done with Bitcoin anymore.  This is something that can only be done with nascent Altcoins. Bitcoin has achieved a level of computing that no single nation-state can overthrow it through computation alone.  And, the effort to do so will require a massive covert operation of Chip Fabrication. 

Then a coordinated assault will give them dominance over an “X Block” for ten minutes. Until we kick them off the network, rework the protocol around them. They would be revealed.  They would have lost a billion dollars doing this. And, all they will get to do is to spend.

They figure out if they let this stuff run, they can actually get some Bitcoin as a reward, because the incentive structure actually works. And, so I am not worried about that. And a lot of people are watching the blockchain. And, as I said before, what are they going to do? They will take over, and they will fork the blockchain, and they will go somewhere? Like they created an alternative blockchain.

Those who are already convinced are like:  “Someone stop me from buying more coin.”

Some are sure not to deliberately short; I believe the market will develop better.

Bear market = more signal, less noise.  Bull market = more noise, less signal.

Some are like don’t listen to what anyone recommends. Verify, don’t trust. DYOR. Make up your own mind.

It makes sense that the FUD keeps getting recycled. With every bull market, there are tens of millions of people who are new to the space. We must continue to debunk FUD with facts. As fundamentals prevail, all roads for the newbies will lead to Bitcoin.  Bitcoin is a perfect store of value, but when it comes to DeFi, the functionality is limited.

There are no Gods among investors; newbies should identify pointers to good sources to learn about Bitcoin blocks and transactions.  The more technical, the better.

A simple Google search will deliver a lot of information.  The problem is it will be tough to pick the right source.  It helps to start learning from how many bytes are used per transaction and about how much bytes does per block consume.

There are many smart people who still do not understand Bitcoin!