Bitcoin is bamboo. It grew underground and mostly unnoticed for its first 10 years and then shot up at a startling rate into the public eye after the 2017 bull run. This article discusses a variety of reasons why people should (a) learn more about bitcoin and (b) “get off zero” by purchasing a little of it…if your financial situation allows. I organized my thoughts into aphorisms — brief observations — as well as three themes that helped me make sense of bitcoin’s uniqueness: People, Process, Principle.
The People theme deals with bitcoin’s lack of centralized leadership and its organic growth from regular people joining and using the network, the Process theme deals with bitcoin’s technical systems and functions, and the Principle theme highlights aspects of the philosophy underpinning bitcoin.
On Organic Growth: Bitcoin has attracted grassroots momentum over a 12-year period that emerged from a very principled and intentional design process. Bitcoin organically grew from an anonymous creator going by the name Satoshi Nakamoto and the fact that no one has emerged to claim and prove creator’s status is a unique and meaningful story, especially in a world obsessed with gaining attention, fame, and intellectual property rights. Bitcoin is an anonymous gift. (People, Principle)