Well, we accomplished it; 100k Bitcoin is now a reality. I believe many of you are quite pleased with your current net worth, and all of you in that category have had to exercise a substantial amount of self-restraint to retain your coins to reach that status initially.
All of you arrived here due to a stroke of luck; you stumbled upon Bitcoin at the perfect moment, had someone trustworthy present it to you, and a favorable alignment of events converged at just the right moment for you to take it earnestly. However, that’s not why you remained, nor why you persevered through challenges. That required your personal effort and decision. Yet, the reason you ended up here to begin with is indeed luck.
It’s crucial to remember this fact. The journey you’ve embarked upon is a blend of fortune and your own dedication, not solely your intellect or unyielding resolve. It’s the synergy of both.
This truly marks a point of no return, resulting in a significant transformation in what lies ahead. Challenges will intensify; they won’t vanish merely because we are collectively wealthier now. Greater wealth brings additional complications and challenges that we will inevitably face. And an influx of new individuals, drawn in by the increased money, will also need to be persuaded that these challenges are real. They must be persuaded that the solutions are actions we must undertake.
Fix The Money, Fix The World. This slogan does hold some truth, yet the reality remains that the financial system isn’t resolved yet. A limited supply cap alone does not resolve the problems with currency. There remains the risk of having your wealth confiscated, monitored, and regulated. These issues are not resolved merely due to Bitcoin’s limited supply.
To remedy these issues, Bitcoin genuinely needs to scale. The network must be accessible to a sufficient number of people, preventing coins from being concentrated in a few enormous custodians that can easily be regulated. Without this, your assets will be vulnerable to seizure. They will be subject to surveillance. None of these issues will be resolved.
Therefore, do not allow this price milestone to divert your attention from those realities. Keep your ego in check and maintain a sensible perspective. The problems are not resolved just because of a number displayed on a screen; we are far from that. There is still much work to be done before these fundamental issues regarding currency become a matter of the past.
This article represents a Take. The views expressed are solely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.
