Future owners of bitcoins act as custodians of their value, and should be "farsighted patients, productive and persistent". This is the future that Mr. Bitcoin wants. His goal is that people who hold bitcoins have these qualities . But how can you achieve this goal?Subjecting does holders and potential investors to a series of tests.
The first task was finding Mr. Bitcoin people who were visionary . He did this by displaying attractive features for people with expertise in open source software, distributed cryptographic systems and economy. About 99% of people who knew Mr. Bitcoin rejected it immediately; They could not connect the dots of these various disciplines to properly understand its potential. But few chose to buy or undermine some bitcoins.
Then Mr. Bitcoin needed to ensure that their owners were patients . To do this, it made its price to soar in a series of rapid increases. Most of those who had bought or were not sufficiently mined and sold patients getting modest gains. When the remaining holders became too euphoric, subjected to several bassists stages to ensure that there will be only those who had a long - term time horizon and not surrender to frustration.
More and more people knew Mr. Bitcoin and became possessors, and he continued togrow. But Mr. Bitcoin began to worry. What if their new owners were not really convinced of its benefits and only feel drawn to it for superficial reasons? Mr. Bitcoin wants its holders understand and appreciate their qualities deep, not just its superficial attributes. So he decided to get rid of those attracted only novelty, or certain technical details or the fear of being left out. To accomplish this, he showed them a variety ofaltcoins and fraudulent schemes to get rich quickly. Many owners were distracted by these snake oil, but those who understood Mr. Bitcoin and believed in their long - term vision followed her.
Things were going very well, and the owners were happy. Mr. Bitcoin had a good base of users and investors and was ready to build with an eye to the future. For this he needed productive. He showed that it could be useful for practical purposes, and that people could build companies around them. It was still quite complex and difficult to address, so that only those with certain technical skills could approach. It also increased its price, so that only people who had demonstrated their ability to produce and preserve wealthcould invest in it.
Mr. Bitcoin was growing and evolving, expanding its capabilities and building services best sites like more insurance- exchange and purses. He kept his money in a downtrendfor two years to ward off the crowds seeking to get rich quickly, and to recruit investors focused on the creation of companies and products and the gradual accumulation of their holdings. But once again he raised concerns Mr. Bitcoin. He knew that the future would present many challenges and obstacles . That his people needed to harden the struggles that the future would hold for them , they learned to persevere setbacks , not togive up.
This is the test we face today. We could see the potential of Bitcoin and we engage. We were patient for bubbles, bear markets and obituaries in the media. Entrepreneurs and developers are building the ecosystem and infrastructure. Now we just have to keep working, keep alert, and persevere to the current challenges. This is what we want Bitcoin. We will stronger and stronger with each challenge overcome until Bitcoin is unstoppable.