Well we did it, 100,000 Bitcoin is here. I’m sure many of you are quite happy with the level of your net worth right now, and all of you in that situation have had to exercise a great deal of self-control in order to hold on to your coins and get to that position in the first place.
You are all here because you were initially lucky, you found Bitcoin at the right time, someone you trusted introduced it to you, the right confluence of events coalesced at the right time for you to be taken seriously. That’s not why you stayed, but that’s why you resisted everything. That required his own effort and choice. But the reason you ended up here in the first place is luck.
I think it’s important to keep that in mind. It is a combination of luck and your own effort that has gotten you here, it is not exclusively you and your brilliance or iron will. It is the confluence of both.
This is truly a point of no return and a big change in what will happen in the future. The problems are going to become more difficult, they are not going to disappear just because we are now much richer. With more money comes more difficulties, more challenges we will have to face. And more money will attract even more people, who will all have to be convinced that these problems exist. Convinced that the solutions to them are things we have to act on.
Fix the money, fix the world. That phrase has some truth, but the reality is that the money is not yet fixed. A finite supply limit is not the only problem with money. There is a possibility that your wealth will be confiscated, monitored and controlled. Those problems are not solved simply because Bitcoin exists with a finite supply.
To solve those problems, Bitcoin actually has to scale. We need to make the network accessible to enough people to prevent coins from accumulating in a handful of massive custodians that are trivially captureable by regulation. Without that, your money will be seized. It will be watchable. None of those problems will be solved.
So don’t let this historic price distract you from that. Control your ego and maintain a realistic perspective. Things are still not fixed just by a number on a screen, not even close. There is much more to do before these fundamental money problems are a thing of the past.
This article is a Carry. The opinions expressed are entirely those of the author and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
