Antifragile means the more you try to attack or destroy something it becomes stronger?
bitcoin is interesting because it has been pummeled to the ground, close to $15,000 a bitcoin after the big boom, and then it hit all-time new high at around 71 $72,000 a bitcoin… and it was able to survive the whole FTX meltdown thing.
That what attempts to destroy me only makes me stronger
So in some ways, after the whole FTX meltdown, reality almost tried to plummet bitcoin into oblivion to the ground. To zero.
But ever since the Blackrock ETF for bitcoin, now, there’s almost too much money tied into bitcoin for it to fail?
Is bitcoin too big to fail?
Perhaps.
What I find personally fascinating is by the time of the having, in which around the bitcoin reward goes from about 6 bitcoins a block to about 3 bitcoins a block— there will be this mad scarcity rush.
For example, if you saw your property value go down from $6 million a thing to $3 million a thing… If you saw your net worth half, certainly you would panic a bit.
Panic drives high(er) prices?
Also funny thing is technically bitcoin is not really worth anything. But then again the Internet is not really “worth†anything. Also, social media “followers†or “likes“ aren’t really worth anything… yet people still value it?