Natural selection explains why bitcoin will always rise

[virtual_enthusiasm]

1- Based on the one shot principle, the proof of work turns blockchain/timechain into a closed system and resistant to fraud

2- Natural selection can only operate within a closed system, and bitcoin creates this closed system

3- (conclusion) - if bitcoin is a closed system, because of the proof of work, then the laws of natural selection apply to bitcoin and in the long therm the losers are removed from bitcoin and this forces only the winners to remain, and the price will go up

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[paid2]

1- Based on the one shot principle, the proof of work turns blockchain/timechain into a closed system and resistant to fraud

2- Natural selection can only operate within a closed system, and bitcoin creates this closed system

3- (conclusion) - if bitcoin is a closed system, because of the proof of work, then the laws of natural selection apply to bitcoin and in the long therm the losers are removed from bitcoin and this forces only the winners to remain, and the price will go up

Wow what a bunch of pointless stuff

[virtual_enthusiasm]

"Wow what a bunch of pointless stuff"

The point is that stock market, for example, does not follow the natural selection laws, because it's not a closed system, but bitcoin do follow natural selection, so bitcoin can eliminate the losers from the system, and this makes the price go up
forever.

[btc78]

3- (conclusion) - if bitcoin is a closed system, because of the proof of work, then the laws of natural selection apply to bitcoin and in the long therm the losers are removed from bitcoin and this forces only the winners to remain, and the price will go up

I think that’s totally accurate seeing as cryptocurrency specifically bitcoin can not be studied biologically speaking. Natural selection is a biological concept that typically applies to species not coins which are products of technology.

Yes bitcoin is a closed system hence why we can not change anything from the past transactions as displayed in the blockchain.

[FatFork]

The point is that stock market, for example, does not follow the natural selection laws, because it's not a closed system, but bitcoin do follow natural selection, so bitcoin can eliminate the losers from the system, and this makes the price go up
forever.

Your logic is flawed on so many levels. First off, natural selection has nothing to do with the stock or cryptocurrency markets. It applies to biological evolution, not financial markets. Companies and individuals in the market compete, sure, but they don't magically eliminate losers.

Second, Bitcoin is not a "closed system", anyone can get in and out of "the system" whenever they want. And Bitcoin eliminates "losers" by... what, burning their coins?  No, it definitely doesn't have any built-in social darwinism where it actively kicks out losers or anything crazy like that.

[virtual_enthusiasm]

"I think that’s totally accurate seeing as cryptocurrency specifically bitcoin can not be studied biologically speaking. Natural selection is a biological concept that typically applies to species not coins which are products of technology.
Yes bitcoin is a closed system hence why we can not change anything from the past transactions as displayed in the blockchain."


Natural selection means surviving entropy eliminating the weak. If you have a closed system you have entropy, and then natural selection, the weaks are eliminated, and the winners survive. If bitcoin uses natural selection, only the winners keep bitcoin, in the long therm this means that the price will go forever up.


"Your logic is flawed on so many levels. First off, natural selection has nothing to do with the stock or cryptocurrency markets. It applies to biological evolution, not financial markets. Companies and individuals in the market compete, sure, but they don't magically eliminate losers.

Second, Bitcoin is not a "closed system", anyone can get in and out of "the system" whenever they want. And Bitcoin eliminates "losers" by... what, burning their coins?  No, it definitely doesn't have any built-in social darwinism where it actively kicks out losers or anything crazy like that. "


Bockchain is not open, we only have 21 million coins, but other markets, like stock market, are open, government can create money out of nothing. Bitcoin eliminate losers because natural selection eliminate losers, their coins tend to go to winners. Natural selection is a mathematical concept, it's not just biological

[Slow death]

When I read this thread I died laughing, man what a dark thought and that is why losers are removed in bitcoin? and I can't see who these losers are that you are talking about, since in this market the two big requirements for profit are long-term patience, in my opinion, and investing money that the person can afford to lose so that when the price drop a lot and the person will be at a loss and will not sell even if many years pass, eventually the price will recover. Of course, people need to have historical knowledge of prices by looking at the bitcoin charts since it was created. people need to frequently follow news about bitcoin

and also news about the financial market. It has nothing to do with natural selection. It's strange that last week I saw a post from someone who talked about religion, he associated bitcoin with religion, today I see you associating bitcoin with biology. In both cases, this association they are making is simply absurd. bitcoin has nothing to do with religion, bitcoin has nothing to do with biology. This idea that you remove losers to become winners is so absurd that I don't even want to imagine how the hell you came to such a conclusion. what type of market study

[virtual_enthusiasm]

"When I read this thread I died laughing, man what a dark thought and that is why losers are removed in bitcoin? and I can't see who these losers are that you are talking about, since in this market the two big requirements for profit are long-term patience, in my opinion, and investing money that the person can afford to lose so that when the price drop a lot and the person will be at a loss and will not sell even if many years pass, eventually the price will recover. Of course, people need to have historical knowledge of prices by looking at the bitcoin charts since it was created. people need to frequently follow news about bitcoin

and also news about the financial market. It has nothing to do with natural selection. It's strange that last week I saw a post from someone who talked about religion, he associated bitcoin with religion, today I see you associating bitcoin with biology. In both cases, this association they are making is simply absurd. bitcoin has nothing to do with religion, bitcoin has nothing to do with biology. This idea that you remove losers to become winners is so absurd that I don't even want to imagine how the hell you came to such a conclusion. what type of market study"


Do you agree with me that those who sell bitcoin are losers, and those who buy and keep bitcoin are winners?

Natural selection removes losers from the system

If bitcoin is a closed system it uses natural selection, and then it will have more winners than losers, so the price will go up forever

[decodx]

Do you agree with me that those who sell bitcoin are losers, and those who buy and keep bitcoin are winners?

No, I don't agree with you. How can those who bought bitcoin be winners? What did they win?
If you are talking about the markets, the only way to win is to sell the asset at a higher price than the price you bought it for. But according to your definition, those who sell are losers, so you contradict yourself.

Natural selection removes losers from the system

Not always. There are countless studies that have confirmed that in the evolution of species, the best features do not always win.

If bitcoin is a closed system it uses natural selection, and then it will have more winners than losers, so the price will go up forever

Bitcoin market is not a closed system. It interacts with traditional finance and other cryptocurrencies, new bitcoins are constantly mined, and people can enter and exit the market with fiat currency. This continuous flow makes Bitcoin an open system, not a closed one. But maybe you are confusing the concept of a closed system for a zero-sum aspect within Bitcoin market. Those are completely different things.


By the way, learn how to quote correctly.

[Hatchy]

Yes bitcoin is a closed system hence why we can not change anything from the past transactions as displayed in the blockchain.

I wasn't expecting this from you either. Op literally doesn't know anything about how Bitcoin works and what it is. Bitcoin has never been a closed system and before any changes are made, it needs the approval of the community or developers before they are implemented. It's an open system where everyone can participate. If you are referring to its total supply of 21million then I'll agree with you because that's actually a closed supply. but not it's whole system being closed.

Do you agree with me that those who sell bitcoin are losers, and those who buy and keep bitcoin are winners?

 No I don't. As an investor, you chose how and what you get to do with your coins. I don't see how selling some coins makes anyone a looser because that's how Bitcoin is circulated through networking. People have to sell for others to buy and invest as well. I guess you need to understand basic economics abit mate. When new coins are mined, miners supplies them into the market by selling. Do we now call them losers?

You should learn to quote properly. Read this thread [TIPS] to avoid pyramid quotes (for Newbies)

[letteredhub]

1- Based on the one shot principle, the proof of work turns blockchain/timechain into a closed system and resistant to fraud

2- Natural selection can only operate within a closed system, and bitcoin creates this closed system

3- (conclusion) - if bitcoin is a closed system, because of the proof of work, then the laws of natural selection apply to bitcoin and in the long therm the losers are removed from bitcoin and this forces only the winners to remain, and the price will go up

Please make me understand what is this natural selection and it got to relate with bitcoin?

And who are these losers you talking about that are behind the price of bitcoin not going up, not until they have been removed that's when bitcoin price will go up?

The only factors among others I know that affects bitcoin price is market news, demand and supply... Am just getting to hear about losers for the first time.

[virtual_enthusiasm]

To decodx
To Hatchy
To letteredhub


Bitcoin is a closed system because it's not an invention, but it is a discovery. Stock market, and usd, are inventions, and what makes bitcoin a discovery is the concept of proof of work, and it is

closed because its not possible to rediscover it.

And if it's a closed system, you have to agree with me that entropy is applied. Entropy means decentralization, common markets are not subject to entropy because they tend to centralization, but bitcoin tends to

decentralization, and that means natural selection is working on bitcoin, because natural selection acts on decentralization.  

But on natural selection there needs to exist a loser and a winner, because that's how it works




 

[BADecker]

No wonder people are losers. The term 'selection' indicates that there is choice. 'Natural selection' means that nature has the ability to make choices.

Scientists can't easily come up with ways to imitate nature. If they could, they would have created life in  the testube long ago. But they still haven't been able to do it from scratch.

Or look at how long it took for somebody to develop Bitcoin. The basics of the encryption used was developed in WW2. Yet it wasn't until 1990 that PGP was developed... and 2009 until Bitcoin was launched.

The point is, 'natural selection' is a moronic term that only indicates that nature is way smarter than science. It doesn't have anything to do with Bitcoin. Or does somebody think that if Russia detonates a nuke, causing a EMP wave that destroys Bitcoin and banking because the grid went down... does somebody think that that is natural selection, because both of those systems didn't survive?

[decodx]

Bitcoin is a closed system because it's not an invention, but it is a discovery. Stock market, and usd, are inventions, and what makes bitcoin a discovery is the concept of proof of work, and it is
closed because its not possible to rediscover it.

And if it's a closed system, you have to agree with me that entropy is applied. Entropy means decentralization, common markets are not subject to entropy because they tend to centralization, but bitcoin tends to

decentralization, and that means natural selection is working on bitcoin, because natural selection acts on decentralization.  

But on natural selection there needs to exist a loser and a winner, because that's how it works

This has to be the dumbest thing I've read on a forum in a long time. 

As explained before, Bitcoin is not a closed system and nothing you said makes any logical sense. Apparently, even the basic definitions of "invention" and "discovery" elude you.  But I have no intention of wasting any more time explaining it to you. So, good luck with your nonsensical theories.

[serjent05]

I think @OP is confused, Bitcoin may have a closed system idealism due to its finite supply but the system is often to anyone who wants to participate in solving blocks through mining, transaction process and setting up nodes.  If Bitcoin is a close system then there would be no outside factors that can participate in the Bitcoin ecosystem. 

Bitcoin is a closed system because it's not an invention, but it is a discovery. Stock market, and usd, are inventions, and what makes bitcoin a discovery is the concept of proof of work, and it is

closed because its not possible to rediscover it.

Satoshi discovered Bitcoin while looking at the command line of C++ and announced that he found Bitcoin to the masses. I think someone needs to work on the difference between discovered and invented.

Apparently, even the basic definitions of "invention" and "discovery" elude you.

True @OP makes me look for the difference between invention and discovery again just to make sure that I am not mistaken about what I understood about them .

And if it's a closed system, you have to agree with me that entropy is applied. Entropy means decentralization, common markets are not subject to entropy because they tend to centralization, but bitcoin tends to decentralization, and that means natural selection is working on bitcoin, because natural selection acts on decentralization.

No, I think decentralization is the opposite because it encourages participation from different individuals thus it defies the idea of a closed system.  Aside from that anything programmed is not a natural selection process, it is a controlled process.

[virtual_enthusiasm]

To serjent05

"I think decentralization is the opposite because it encourages participation from different individuals thus it defies the idea of a closed system."

Decentralization= entropy
centralization = syntropy

Entropy can only work on a closed system, that's the second law of thermodynamics.

Bitcoin is a closed system because it's impossible to reverse engineer it. But on markets we can reverse engineer about anything, companies do copy each other ideas, only bitcoin is a product that can't be reverse engineered, and

that's why bitcoin is amazing. The first step is to admit that it's a closed system, the next is to assume that only bitcoin is decentralized, the last step is to admit that if it's decentralized, then natural selection laws do apply, and the weaks are

eliminated naturally from the system, and this makes the price go up as long as blockchain exists

[virtual_enthusiasm]

So the conclusion, the final tought is that:

Bitcoin is like a company in which natural selection is the CEO or manager of the company

all other companies and business need a manager, bitcoin does not, because it's natural selection, and this CEO will

make the price go up because he's good at what he does

[BADecker]

To serjent05

~

Entropy can only work on a closed system, that's the second law of thermodynamics.


~

Bitcoin might be a closed system for itself, but the users of it aren't part of the closed system, either negatively or positively.

Something better than Bitcoin might come along, an EMP attack might essentially destroy Bitcoin, or simple loss of interest might get rid of Bitcoin. On the other side, everything else might fail, and Bitcoin might become king. Bitcoin would still be a closed system, but its value might go up or down.

[decodx]

Bitcoin is a closed system because it's impossible to reverse engineer it.

Why do you keep making such stupid claims?  Bitcoin doesn't need to be reverse engineered when it is open source software. Anyone can look into it, copy it, modify it, make their own version of it...

But on markets we can reverse engineer about anything, companies do copy each other ideas, only bitcoin is a product that can't be reverse engineered, and

There are literally thousands of altcoins out there that were created by copying the Bitcoin idea and even the original source code.  And you say that it cannot be copied?

[BADecker]

Bitcoin is a closed system because it's impossible to reverse engineer it.

Why do you keep making such stupid claims?  Bitcoin doesn't need to be reverse engineered when it is open source software. Anyone can look into it, copy it, modify it, make their own version of it...

But on markets we can reverse engineer about anything, companies do copy each other ideas, only bitcoin is a product that can't be reverse engineered, and

There are literally thousands of altcoins out there that were created by copying the Bitcoin idea and even the original source code.  And you say that it cannot be copied?

On the other hand, it kinda makes sense that Bitcoin can't be reverse engineered. I mean, how in the world can you reverse engineer something that everybody knows the coding for any time that we want? Can't be done.