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Many are beginning to wonder what will happen if Bitcoin fails. There are those who are thinking in economic and social terms and others are spiritual and feel life will still go on.
Max Gagliardi shared: What happens if Bitcoin fails?
If Bitcoin fails, Privacy Fails The ability for individuals to send & receive value peer-to-peer without the interference of government & the banking system will be lost. Bitcoin allows for a future where anyone can have private access to their money.
If Bitcoin fails, Censorship Wins We are in an unprecedented age of censorship. Bitcoin is the most secure network that has ever been built. Resilient, antifragile, & permission-less. Open to anyone in the world. There is nothing else like it. Bitcoin can’t be censored.
If Bitcoin Fails, Big Government Wins the government can lose hundreds of billions annually but want us to report every time we spend over $600. There is no government accountability or transparency in our system. Without Bitcoin, we lose the only counterweight to that system.
If Bitcoin fails, Central Banks Win Unelected bureaucrats decide the value of your labor & time. Money is the way we store the value of our time on this earth. No one should have the power to inflate the value of your time away from you. Bitcoin’s set 21MM supply fixes this.
If Bitcoin fails, Free Speech fails Bitcoin is code. Letters & numbers. A private key is all you need to be able to store, transport & transact value with. Never in human history has speech & language been this powerful. The freedom to speak is the most basic of human rights.
If Bitcoin fails, Objective Truth is Lost “What is truth?” has never been more convoluted. You can find experts on both sides with “internet facts” supporting them. Bitcoin is the only thing we have that is truly objective & transparent. The longest chain speaks for itself
If Bitcoin fails, The Energy Transition Fails If the hope is to transition to a new energy future, we need Bitcoin, the energy buyer of first & last resort. Bitcoin monetizes energy waste & incentivizes new & efficient energy resources. Energy & Bitcoin are nearly synonymous.
If Bitcoin fails, Capitalism Fails There is no CEO of Bitcoin. Bitcoin gained value organically, from the bottom up. The Network represents the spirit of capitalism harnessed in code. Self-interest combined with innovation & ingenuity. If you value capitalism, value Bitcoin.
If Bitcoin fails, We Will Own Nothing We don’t own anything of value. Property & money are regulated & stored with custodians. You don’t own it; you just have a claim. With Bitcoin, the value of your life’s work can be stored in a few words. Free to take with you anywhere.
Bitcoin is too important to fail If you value freedom, transparency, and truth, then you should want Bitcoin to succeed If you value oppression, censorship, and corruption, then you should want Bitcoin to fail We can’t let Bitcoin fail.
Community Response:
The person known as Christ has done absolutely nothing for humanity besides bringing war and further social injustice. I would agree that life will go on, however, it won’t be because some supreme sky deity decided it so.
Define “How”? Crypto is a $3t market. It’s mainstream and being adopted by the really big boys! Failure will occur in 3 ways only. 1. BTC blockchain is hacked! Not happened so far 2. Global ban-too late as SEC has given thumbs up and big boys are in or soon. 3. We stop believing.
If Bitcoin fails life will go on. Bitcoin is not our saviour. Christ is. Most Bitcoiners know this. Take a step back and remember what is truly important in life
If mining wouldn’t, somehow, be possible anymore, the already existing supply wouldn’t easily cease to exist so we would already have the 90% of the total BTC supply, which could be a nice deal making it more deflationary as initially predicted. Peer-to-peer still possible.
We could use bitcoin without miners? How is it possible to send BTC p2p without miners? I am trying to understand how the Network works.
