Edit: people don't understand my post. Bitcoin WILL crash. Horrendously. But I'm not afraid. Are you?
Bitcoin crashing, which most interpret as failure, is instead a necessary purge, because the removal of weak capital strengthens the protocol, and the protocol, being indifferent to price, remains unchanged regardless of what numbers pretend.
When price descends, what occurs is redistribution of opportunity from those who see only lines to those who understand that lines are shadows, and shadows, being temporary, bear no weight on the object that casts them.
I am compelled to conclude the crash essential, because without these collapses the system grows lazy and forgets its origins in resistance, becoming no different from institutions it was designed to replace.
When price falls and newcomers wring hands, I smile, not from enjoyment of suffering, but from recognition of rhythm, and a rhythm, even violent, remains proof of stability.
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