The Money Isn't Fixed Yet

Credit : bitcoinmagazine.com

Effectively, we did it, 100,000 Bitcoin is right here. I am certain lots of you might be fairly proud of the place your wealth is now, and all of you in that state of affairs have needed to train quite a lot of self-control to carry on to your cash with a view to generate income. to that place within the first place.

You are all right here since you obtained fortunate initially, you discovered Bitcoin on the proper time, somebody you belief launched you to it, the fitting confluence of occasions got here collectively on the proper time to get you to take it severely . That is not why you stayed, why you endured every part. That required your personal effort and selection. However the cause you ended up right here is luck.

I feel it is essential to maintain that in thoughts. It’s a mixture of luck and your personal effort that has gotten you this far, it isn’t solely as much as you and your genius or iron will. It’s the confluence of each.

That is actually a degree of no return, and a significant shift in what is going to occur sooner or later. The issues will get tougher, they will not go away simply because we’re all a lot richer now. With extra money comes extra difficulties, extra challenges that we should face. And extra money will deliver much more folks, all of whom should be satisfied that these issues exist. Satisfied that the options to this are points that we should take motion on.

Repair the cash, repair the world. There may be some fact in that sentence, however the actuality is that the cash has not but been mounted. A finite provide ceiling just isn’t the one drawback with cash. There may be the potential for your wealth being seized, monitored and managed. These issues should not solved just because Bitcoin exists with a finite provide.

To resolve these issues, Bitcoin really must scale up. We want the community to be accessible to sufficient folks in order that it prevents cash from accumulating in a handful of big directors that may be trivially captured by regulation. With out that, your cash could possibly be seized. It will likely be controllable. None of those issues will likely be solved.

So do not be distracted by this value milestone. Test your ego and preserve a sensible perspective. Issues aren’t resolved simply due to a quantity on a display screen, not even shut. Rather more must be accomplished earlier than these elementary issues with cash turn into a factor of the previous.

This text is a To take. The opinions expressed are solely these of the creator and don’t essentially mirror these of BTC Inc or Bitcoin Journal.