Bear market rationalisations are just as irrelevant as the hopium.
Bottom line: everything stable in the world is built on proof of work. Bitcoin is the ideal, the most perfect proof of work system based upon the criteria:
difficulty
verifiability
universality
sovereignty
It will breeze past all of these short term sentiments because it's agnostic to the environment around it, like the media paradigm we live in, the tech stack we use for communications, the geopolitical landscape. Things change, tick tock next block.
If quantum is a threat bitcoin will adapt, painfully or seamlessly, and on the other side quantum will be behind us.
Bear market rationalisations are just as irrelevant as the hopium.
Bottom line: everything stable in the world is built on proof of work. Bitcoin is the ideal, the most perfect proof of work system based upon the criteria:
It will breeze past all of these short term sentiments because it's agnostic to the environment around it, like the media paradigm we live in, the tech stack we use for communications, the geopolitical landscape. Things change, tick tock next block.
If quantum is a threat bitcoin will adapt, painfully or seamlessly, and on the other side quantum will be behind us.