Or: How Bitcoin Facilitates Collaboration
(Klicke hier für die deutsche Version.)
Bitcoin is more than just digital money, it is a movement focused on cooperation and collaboration. Bitcoiners consistently demonstrate their usefulness and fuel Bitcoin’s growth without reward. They support each other and form a strong community based on mutual trust and solidarity. A great example of this was recently demonstrated at the booth of investment Bitcoin-only company Terrahash. The startup had more visitors than staff, but thankfully enough bitcoin enthusiasts were in attendance to support Rush.
In this article, I would like to explain the reasons for cooperation and community among Bitcoiners.
Bitcoin limits encourage cooperation
Many organisms in nature depend on limited resources such as food, water and habitat. This rarity forces you to work with each other to increase your chances of survival. There are ants, bees, wolves, lions, elephants everywhere. All work together to ensure the survival of the family-like group.
Even in the business world, limited resources such as jobs, orders, and customers are the norm for companies. This resource limitation allows companies to work together to find better solutions and increase their chances of survival. For example, companies in limited markets collaborate to develop new products and services or share resources to reduce costs.
Bitcoin, like any resource in nature or the business world, is limited in quantity. The number of Bitcoins available worldwide he never exceeds 21 million. Bitcoin’s scarcity, coupled with its security features, increase its value every day. Fiat currency, in contrast, is losing credibility today because it is based on unlimited currency creation. Businesses and individuals increasingly regard Bitcoin as the best money and use it as an alternative means of preserving their assets.
Bitcoin will change the economy
Bitcoin quantity limits will change the world of business. New business activities will be more difficult to finance from today’s perspective. I would like to cite the following two points for his reasons.
- Bitcoin cannot be created from scratch like fiat currency. An increase in fiat money leads to a loss of purchasing power. This can only be countered by investment and speculation.
- Technological advances drive the valuation of Bitcoin’s purchasing power. Fiat currencies lose purchasing power and require investment to sustain wealth, while Bitcoiners increase purchasing power through savings.
People who can increase their purchasing power through savings generally avoid investing because it involves risk. As a result, entrepreneurs need to plan and monitor their spending and investments more carefully than with fiat currency. They need to focus on more efficient and sustainable business models.
Cooperation creates more value than avoiding liquidity shortages
However, economic players can address the liquidity shortage by stepping up cooperation. Alliances* and joint ventures* are not new inventions, but they will greatly increase the adoption rate of Bitcoin in the world. Only by jointly developing new products and business models can economic players increase their chances of survival.
* Example: Renault and Nissan work closely together to share technology and resources to increase competitiveness.
** Example: General Motors and Toyota shared hybrid vehicle knowledge and technology to reduce costs and risks.
Cooperation will be the new normal, including consumers. With Bitcoin, not only do they have the savings to fund new services and product ideas, but they are also the sole person making the purchasing decisions that determine the success of a product or company.
Bitcoin allows funding despite high risk
In our world today, products are funded and developed before they hit the market. Bitcoin reverses this relationship. By funding product ideas, consumers convince manufacturers of product popularity. Money and natural resources cannot be put to better use.
The Internet and social media make it easier for entrepreneurs to find private investors. Savers decide how much Satoshi* they are willing to risk as investors in new products. As the risk on the part of manufacturers increases, savers’ willingness to invest decreases. However, since Bitcoin transactions on the Lightning Network cost almost nothing, makers have more room to maneuver. You can accept smaller sums for higher risk projects and just need to find more investors to bring your product idea to life. Due to the high fiat fees, this method is unthinkable.
* Satoshi corresponds to Bitcoin in the same way cents correspond to Euros or Dollars: 100,000,000 Satoshi = 1 Bitcoin.
In the future, people’s problems and needs will play a greater role in product development than what is currently technically possible. Savers invest only when the need is greater than the perceived risk.
Conclusion: 21 Million Bitcoins
Up to 21 million bitcoins will lead to social change that requires increased cooperation and resource optimization. At the same time, it will strengthen the appreciation and use of Bitcoin as a valuable resource.
I would love to hear what you think about my idea. What do you want me to focus on more? Let us know in the comments.
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 https://terahash.space/ Status: 06.04.2023