Today is Halloween—and exactly 18 years since the Bitcoin white paper was published.
On October 31, 2008, Satoshi Nakamoto dropped nine pages: a way to send money peer to peer, without relying on banks. Eighteen years later, $BTC has a market cap of about $1.55 trillion—while the biggest theft in history has just hit the largest exchange, spot ETFs have seen over $600 million in net outflows in a single day, and the charts are awash in red.
Spooky? Very Satoshi. Bitcoin was invented so that when the system fails, there’s still a way forward that doesn’t depend on anyone else. Hackers can steal hot-wallet funds, but they can’t take away the hard cap of 21 million. Exchanges can fail, but the on-chain ledger keeps running.
So tonight, don’t just post a jack-o’-lantern. Post this: Happy 18th birthday to the white paper. It’s the price that’s falling, not the belief. Those who were scared off have left; those who remain are the ones who deserve to see the next cycle.
$BTC #Bitcoin #Halloween
On October 31, 2008, Satoshi Nakamoto dropped nine pages: a way to send money peer to peer, without relying on banks. Eighteen years later, $BTC has a market cap of about $1.55 trillion—while the biggest theft in history has just hit the largest exchange, spot ETFs have seen over $600 million in net outflows in a single day, and the charts are awash in red.
Spooky? Very Satoshi. Bitcoin was invented so that when the system fails, there’s still a way forward that doesn’t depend on anyone else. Hackers can steal hot-wallet funds, but they can’t take away the hard cap of 21 million. Exchanges can fail, but the on-chain ledger keeps running.
So tonight, don’t just post a jack-o’-lantern. Post this: Happy 18th birthday to the white paper. It’s the price that’s falling, not the belief. Those who were scared off have left; those who remain are the ones who deserve to see the next cycle.
$BTC #Bitcoin #Halloween