The incentive structure created by bitcoin creates new potential for society to create value. In 2009, Nakamoto Tsung invented the largest value store in human history. His invention bitcoin has firmly established itself as the most difficult form of currency in the new digital economy and the cornerstone of the new open global financial system.

Bitcoin has won.

What has not yet been explored is how bitcoin will stimulate new forms of value creation and open up new ways of value acquisition never seen in human civilization. This paper discusses the way to encourage bitcoin holders to hold bitcoin for a long time and effectively conflict with their open monetary network, so as to systematically create more value for society and eventually lead to cultural renaissance.

All the second and third-order effects associated with bitcoin come from its carefully designed incentive structure. Encourage miners to mine honestly, encourage network participants and hodl. The growth in the supply of bitcoin has declined over time, resulting in a limited supply and a real digital scarcity on the planet.

In the long run, bitcoin's deflationary monetary policy and NGU technology increase the purchasing power of each bitcoin, thus creating a model that encourages its holders to postpone unnecessary spending, save long-term spending and invest prudently. This model is in sharp contrast to the incentive mechanism of the legal system, under which the devalued currency and inflation will stimulate consumption and crazy speculation.

Nowadays, every participant in the legal tender system is frantically dumping their cash, either protecting it in a safe haven, or immediately spending its rapidly declining purchasing power, or speculating in riskier and riskier assets. Bitcoin, with its cap supply and fixed, open and deflationary monetary policy, offers the most elegant system to choose from.

At the same time, the potential new participants of the network are encouraged to buy or earn coins in the market to enter as soon as possible. As supply decreases over time and demand continues to grow, the value of each token continues to rise: the number rises. We know what happens to people who choose to buy coins in the market: they pay higher prices. What kind of income are those in the market? So far, this kind of communication is rare, so the answer is not clear. But my theory is that this will lead to the creation of higher forms of value in all aspects of society. Let's continue to explore how open monetary networks address the idea of value creation and further price discovery.

To understand how OSS works and develops, we must look back on history. The early days of the Internet opened up unlimited possibilities for the field of information sharing, which enabled anyone to freely exchange their ideas through open data transfer protocols. Over the past few decades, a staggering number of software have been written to build critical infrastructure on top of these protocols to build what we know and use as modern web content. This has become the foundation of today's modern social networks, which can be used as a tool for large-scale information sharing and talent discovery. In a similar way, an open money network allows anyone with access (in the case of bitcoin, anyone on earth with a bitcoin wallet) to engage in free trade on an unprecedented scale.

Just as today's large social networks are talent and information discovery mechanisms, bitcoin is a price discovery mechanism involving everything. Any possible economic transaction involving human decision-making and interacting with bitcoin network will reach the perfect price balance determined by other users of the network in time. For Internet users and long-term token holders, the value they need to create in order to be separated from their Sophists will far exceed the potential return of each divided unit of the account in the future. In turn, this leads to the discovery of the true price of the most important things: human time and knowledge. Microprocessors, modern high-speed computing, the Internet and social media reduce barriers to entry for all walks of life and allow anyone to create and share value. An internet protocol has been established to allow this explosion of innovation, which is built to deliver information rather than value. As a result, we see large companies and walled gardens that act as high priests, facilitating value flows between creators and consumers in the new digital economy. Bitcoin cuts these middlemen, allowing those who create value to capture directly the value they are creating. In order to gain value in the new economy and induce bitcoin holders to give up their valuable wisdom, creators must break through the boundaries of creation and create value in a certain proportion, so that true believers are forced to give up their most difficult asset invention.

In the end, only the best can survive

Real value management is the final result, which makes the real capitalist power that the world has never seen in decades become a reality. Bitcoin culture is one of the low time preferences that encourage long-term thinking and saving. At the same time, bitcoin network provides an opportunity world for value creators to capture value, forming a paradise for elite management, with bold creativity and exquisite works gaining the upper hand. This new monetary system will bring excellence and beauty to unprecedented levels. The combination of bitcoin culture and the ability of global monetary network will release a kind of power to reshape every element in the world, make the world better, create value for everyone involved, and promote human progress.

(2021-4-16)