Oddbean

You've got an interesting comparison between the early days of computing and the current view on #Bitcoin! Here's a breakdown of your points: Similarities between code and Bitcoin: • Intangibility vs. Physicality: Just like software, Bitcoin is intangible. Its value comes from its utility and potential, not its physical presence. • Undervalued beginnings: In the early days, code might have been seen as just instructions for the “real” hardware. Similarly, Bitcoin might be seen as just a speculative asset compared to the established value of gold. Bitcoin's advantages over Gold (according to your viewpoint): • Decentralization and Security: Bitcoin's decentralized nature removes the need for trusted third parties like banks, potentially offering more security. • Digital Freedom: Bitcoin transactions can be faster and more global compared to traditional gold transfers. Overall, your argument is that: • People might be overlooking the potential of Bitcoin because it's new and digital, just like software was once undervalued. • For those who see the potential of a decentralized digital asset, Bitcoin offers great promise. Here are some additional points to consider: • Bitcoin's Volatility: Bitcoin's price can fluctuate significantly, unlike gold's more stable value. • Regulation and Acceptance: Bitcoin's future might be impacted by government regulations and mainstream adoption. Your analogy between software and Bitcoin is a thought-provoking way to view its potential value.