Hi Tim,

Thanks for reaading and commenting — much appreciated!

That’s an interesting analogy, where you claim Bitcoin = oxygen. But you qualify your analogy where you say Bitcoin is essential for “free digital commerce”. What do you mean by free digital commerce?

Right now, Bitcoin is not essential for ANY commerce — if Bitcoin disappears, no commerce will disappear. That is the definition of essential — just as if oxygen disappears, aerobic life will disappear. So oxygen is essential to those organisms. So is water. Bitcoin is not essential for anything — and that is one of many reasons why its value is totally out of whack.

Bitcoin is a fun toy demonstration of an important underlying technology, blockchain. Blockchain in various forms and derivative configurations will go on to be an important fundamental technology that contributes to a wide range of industries and needs. Bitcoin will not.

CBDCs will displace all the existing cryptos that are popping up like mushrooms and disappearing just as fast.

Good luck out there Tim.

Remember — value is all about the work that PEOPLE put into something. that’s why stocks of companies are the best long term investment on the planet — not gold, not real estate, not farmland… companies filled with people making and doing and selling things.

Best,

SD