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Bitcoin is the focus of money

Bitcoin focuses money's energy on a single focus, just as an aperture focuses light. Our view of money is expanding. The way people think, understand, discuss and interact with it is changing. Contrary to the previous free return, such as the transition from the gold standard to the legal standard, we are now inevitably using more advanced modern money.

In a world with the Internet, fiat money is out of date. Immediate global value transfer is not only necessary, but now a reality. It is foreseen that it will take over the inflexible, deflationary computer program of the global monetary system. If humans want to go to Mars, they need bitcoin.

As our understanding of money expands, the scope of money contract will increase

When we come from a century of global financialization, we now have too much money light. As defined in this paper, the light of money is only the excess energy spent in the process of global economic financialization. What bitcoin does is focus the light through the shrinking aperture, slowly guiding the huge value energy to a single focus point.

It is still in its infancy in this process. As William Clemente III put it so beautifully in bitcoin magazine, bitcoin will compress millions of currency energy to just 21 million BTCs. The changes in reality necessary to achieve this goal will be dramatic and indeed totally unpredictable.

The future will be based on individual actions, and the impact of these actions will determine the development direction of bitcoin. This change is likely to be a significant change in the traditional financial industry. But no matter how it looks, concentrating money energy through bitcoin is bound to happen. Like black holes and so on, we can say that bitcoin is very effective in collecting energy at a single point. Once this energy is concentrated on this point, we can reasonably expect the excitement of the point itself - just like a fire lit with a magnifying glass. The concentration of money energy to bitcoin will stimulate innovation in the bitcoin network, thus further attracting and consuming more money energy. This positive feedback loop will not be eliminated and is already working. That's what makes me and many others contribute to this magazine. With bitcoin, you will be rewarded for your contribution to strengthening the network, thus enhancing the reward. The first bitcoin people knew this because they worked in space for many years and accumulated wealth. What happened? When you started sending hard work to the bitcoin world, bitcoin came back to you. When you understand the scarcity of this bitcoin, you will cherish it.

We can modify this analogy; bitcoin is a way to fix the energy of technological progress through money

Bitcoin is a natural product of human progress. The invention of the Internet, that is, the creation of interconnected virtual reality, which can be shaped freely by users, is a pioneer based on these ideal forms of money. Satoshi Nakamoto has created an interconnected virtual currency reality by creating a fixed technology, which allows the market (price) and industry to be freely shaped by users. "The essence of bitcoin is that once version 0.1 is released, its core design will remain unchanged for the rest of its life." -Mr Nakamoto

Again, it's the rigidity of bitcoin that allows it to be shaped by Internet users. This is no different from the protocols that make the Internet exist. Consensus is necessary to interconnect virtual reality. By the time bitcoin was created, the focus of the technological advances that led to the development of the Internet had shifted to money, even if only a small part. With the development of the Internet, it has absorbed the brain power of other industries, and thus absorbed the time and output of outstanding individuals. Therefore, the vacancy of this technological progress has been further concentrated on money. The existence of a user dependent network is now supported by all the work done on it. In addition, the built layer on the network is used as the application and use of bitcoin, and further strengthens the network. Bitcoin's network is the product of human creativity. It finds the foundation in the same technological innovation, which is the realization of bitcoin's necessary large-scale economic transformation. In other words, the original work of building bitcoin is now used to create bitcoin access for the world. Since we've never seen anything like bitcoin before, its potential is unknown. I (one of them) am excitedly waiting for the development of human progress.

(2021-4-5)

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