After contemplating and studying Bitcoin for several years, I am beginning to view it not merely as a financial asset, but as a natural phenomenon, a form of digital life. A traditional organic life form (whether a mammal, microbe, virus, or plant) is born, grows, develops, and eventually dies. In the case of Bitcoin, it had a clear birth with the Genesis block. It has since developed, improved, and adapted to its environment with every code modification. It has grown in terms of wallet addresses, node count, and hashrate. And for the moment, it refuses to die, maybe it is inmortal. This is one of the key factors that makes me realize Bitcoin is fundamentally different from other financial assets: Bitcoin acts in such a way that it seeks to avoid extinction, it is built into its design, much like an animal species that strives for self-preservation over time. Bitcoin incentivizes bitcoiners (a part of Bitcoin) or improves their lives in some way to keep itself alive. The "Selfish Gene" theory applies to Bitcoin. Bitcoin is like an animal species composed of a single individual, a solitary unit that stays alive without the need to reproduce, constantly growing, developing, and adapting to the surrounding environment of the moment.
Another fascinating aspect that suggests Bitcoin is a natural phenomenon is the observation that Power Laws are found in the measurements of a wide variety of natural phenomena: the distribution of forest fire sizes, the frequency of earthquake magnitudes, and the metabolic rates of organisms relative to their body mass. In Bitcoin, we also find Power Laws in its growth (number of addresses) and its price action. This is astonishing, something that other financial assets do not exhibit, which provides a great deal of confidence in Bitcoin from a holder's perspective and, furthermore, makes us realize that it is not something governed by market laws, but rather by the laws of nature.
A bitcoiner who runs a Bitcoin node, holds Bitcoin, mines Bitcoin, speaks and thinks about Bitcoin, and proposes changes to the Bitcoin code is a small part of Bitcoin. Much like a tiny cell in a massive, growing organism. This new form of digital life grows, though it can also shrink at times and it does not force anyone to join, it simply incentivizes and pays its environment to participate. It is not a traditional life form, it does not reproduce, it can decrease in size, and it appears capable of achieving immortality.
npub1m8eyw8xg7vc3zpcm6r0plmu867pucs2qurmsh2ff3ffmncruvrmq7j90j5 /// Furious Honey Badger