Antifragile means the more you try to attack or destroy something it becomes stronger?<\/p>\n\n\n\n
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\u00e2\u20ac\u00a6 and it was able to survive the whole FTX meltdown thing.<\/p>\n\n\n\n
\nThat what attempts to destroy me only makes me stronger<\/p>\n<\/blockquote>\n\n\n\n
So in some ways, after the whole FTX meltdown, reality almost tried to plummet bitcoin into oblivion to the ground. To zero.<\/p>\n\n\n\n
But ever since the Blackrock ETF for bitcoin, now, there\u00e2\u20ac\u2122s almost too much money tied into bitcoin for it to fail?<\/p>\n\n\n\n
Is bitcoin too big to fail?<\/h2>\n\n\n\n
Perhaps.<\/p>\n\n\n\n
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\u00e2\u20ac\u201d there will be this mad scarcity rush.<\/p>\n\n\n\n
For example, if you saw your property value go down from $6 million a thing to $3 million a thing\u00e2\u20ac\u00a6 If you saw your net worth half, certainly you would panic a bit.<\/p>\n\n\n\n
Panic drives high(er) prices?<\/h2>\n\n\n\n
Also funny thing is technically bitcoin is not really worth anything. But then again the Internet is not really \u00e2\u20ac\u0153worth\u00e2\u20ac\u009d anything. Also, social media \u00e2\u20ac\u0153followers\u00e2\u20ac\u009d or \u00e2\u20ac\u0153likes\u00e2\u20ac\u0153 aren\u00e2\u20ac\u2122t really worth anything\u00e2\u20ac\u00a6 yet people still value it?<\/p>\n","protected":false},"excerpt":{"rendered":"
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\u00e2\u20ac\u00a6 and it was able to survive the whole […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-607574","post","type-post","status-publish","format-standard","hentry","category-posts"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/607574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/comments?post=607574"}],"version-history":[{"count":9,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/607574\/revisions"}],"predecessor-version":[{"id":607586,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/607574\/revisions\/607586"}],"wp:attachment":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media?parent=607574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/categories?post=607574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/tags?post=607574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}