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14 sats \ 3 replies \ @OriginalSize 28 Jul 2023 \ parent \ on: I just got a beer with a WorldCoin employee. AMA bitcoin
I'll give it a shot. Never heard this applied to Bitcoin but I suspect it has to do with the way people had to run across Bitcoin in their own time. Those that by luck found it earlier had a bigger chance at gains. They also bore more risk and all the other usual caveats. Bitcoin distribution is as fair as it can be, being first, and decentralized but there's no denying the opportunity is deflationary like the currency.
Just my 2 cents. Would be interested in other takes.
Hmm no, the immaculate coinception refers to Satoshi creating Bitcoin in a set of favorable circumstances that can never be replicated again.
For instance:
- A green field, no other form of a digital asset with decentralised and scarce properties at that time
- No market value when it started
- No pre-mining
- No VCs, investors, or other funny stuff
- A mysterious and anonymous creator that just disappears and leaves Bitcoin into the wild
It’s historically so fair and unique, that creates the purest narrative for the establishment of its value. It’s mythical!
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Good explanation but this term is too silly. There's nothing supernatural about Bitcoin. "Hmm no" lol.
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Is there something supernatural about fire or the wheel? What if Bitcoin is a discovery rather than an invention? What’s the difference between those two actually? 😄
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