You might guess from the ridiculousness of the title that this little exploration, this little thought process is of course completely hypothetical. In other words, I don't think it's remotely possible for this to ever happen. However, it's interesting or at least it is to me, to entertain such a crazy idea for a minute or two.

img src

Mortality of Ideas

As much as it may seem like I'm backtracking a bit too much, I happen to think that there is a valid reason for me doing so. No one can really deny that ideas have many similarities to living things, to life itself. Yes, some of them are adept to survival, some of them are quick to adapt, to evolve, but some of course are either short lived or simply reach the end of their life cycle.

History is full of examples, and all we have to do is look at one field to see it, science. So many ideas have come and gone, that listing them would be ridiculous, but the point I'm trying to make does not require me doing so. In other words, the scientific knowledge that is still useful to us, has remained as part of our social dynamics because of that fact, its usefulness is its strength.

Which basically leads me to they keyword I want to explore: Usefulness - If Ideas must be useful, must serve a purpose in other for us sapiens to keep them in mental rotation, then it's easy to see why some were doomed from the beginning. Novelty, or fads as we call them are hardly useful, they are just entertaining.

Will Bitcoin ever become useless?

Of course I don't know the answer per say, but I happen to think that it's extremely unlikely. I mean, think about it for a second. We would have to exist in a society that does not value nor want peer to peer transactions. A society that scoffs at the idea of financial liberty and freedom. Us, the sapiens, we would have to want to get rid of these somewhat idealistic thoughts.

Now, I must clarify one thing. I'm not by all means a bitcoin maximalist nor do I think that white papers are holy in any way shape or form, quite the opposite. White Papers or more accurately said Cryptocurrencies are ideas, and as such they require constant evolution to survive.

So to say that Bitcoin will become useless one day is to believe that the idea cannot adapt, and that is hard for me to accept since all I see are people trying to make that happen.

Currency or Storage of Value?

Here is the other conundrum, the other point of contention. When this whole BITCOIN idea got it's first legs it was thought of as an answer to currencies in the whole sense of the word. Meaning, a virtual token that people would use to buy a cup of coffee, a sandwich, something for the day to day. Today all those years later, it has evolved to something else entirely.

Because of the Tribal nature of us the simple humans, we tend to mud the waters a little too much on the subject. The discussions become unproductive, and the loudest of voices on the cryptospace screaming at each other on a cruise, basically showcases comically everything that is wrong with cryptocurrencies and their outward projection.

"Who are these crazy guys screaming at each other?"

But the events that transpired recently put focal attention on the worse problem we have, at least in my opinion, in the crypto communities: We are ideologically divided. And in this truth, in the name of our ideas, we are willing to work, maybe unknowingly, against our own interests.

It's only because of this somewhat ugly division that I find it plausible that BITCOIN could fail, although still very unlikely from it ever happening. Again, simply because the basic idea, the core, the meat and potatoes that attracted all of us to this space has never really gone missing, not entirely.

So, can Bitcoin be Uninvented?

Let's say that technically yes, but practically its impossible. The ideas are more likely to continue to evolve, change names, change teams, or anything else you can think of. But, the power behind the idea of financial freedom is too great for just anything to disrupt it.

Let's not forget how many times BITCOIN has been declared dead, yes, hundreds. All this to say that I'm confident the idea is as resilient as ideas get, and it's likely not going anywhere. However focusing on today's bear market, on how you just 10% of your position when you are looking back seven days, is to practice myopic thinking.

How, and I do mean How can you uninvent BITCOIN?