Natural selection explains why bitcoin will always rise

[virtual_enthusiasm]

"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?"

You cannot copy bitcoin, that's the reason why altcoins based on pow will all fail, bitcoin is proof of work itself. Proof of work means resistance against replicability itself


"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."

yes it can't be done, bitcoin is the only product made by mankind that cant be reverse engineered or copied

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[lizarder]

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

I think your analogy is a little out of the equation because natural selection never applies to supply and demand relationships. Forget the parable you are trying to convey because bitcoin is seen as neither an open nor a closed source of natural law equations.

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

The slight similarities may be true, but these factors cannot be proven in fact so that we can equate them. Even though I have learned about the laws of nature, how the strong survive and there is no justice there as expected. I want to know your opinion, what does losing mean? Because if there is a competitive relationship with other coins, currently no one can compete with Bitcoin, so there is no need to look at the process in the long term.

[decodx]

yes it can't be done, bitcoin is the only product made by mankind that cant be reverse engineered or copied

Yes, it can be absolutely copied, and has been!  Bitcoin's innovation is decentralization, not some magic code that can't be replicated.  There are thousands of cryptocurrencies out there, all inspired by Bitcoin and many directly copying its core technology.  These are called altcoins, and while they might not be exactly the same, they prove that Bitcoin itself isn't some unique, uncopyable invention.

But at least you accepted that Bitcoin is a product (invention) and not a discovery as you claimed before. 

[virtual_enthusiasm]

To lizarder

" what does losing mean?"

Losers are those who sell bitcoin

winners are those who buy and keep bitcoin

If natural selection do favor the winners over the losers, then we will have more buyers than sellers, and this explains why bitcoin price will go up in the future


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To decodx

- decentralization requires that there needs to exist only one center, because if there is no center, there is no decentralization. Proof of work does not invent a center, it discovers it

and that's why bitcoin's proof of work cannot be copied, decentralization means discover a center, not invent one, and the center of decentralization is bitcoin

- centralization admit several centers, because it invents them, not discover them. 

centralization = invent a center

decentralization = discover the only center with proof of work, spending energy

[BADecker]

^^^ Since the nose is the scenter of the face, is descentralization the cutting off of the nose?

[decodx]

To decodx

- decentralization requires that there needs to exist only one center, because if there is no center, there is no decentralization. Proof of work does not invent a center, it discovers it

OK, I get it. You're just trolling! It was nice chatting with you... Now, welcome to my ignore list.

[buwaytress]

Natural selection should dictate that Bitcoin will be displaced some day. Not today, not in our lifetime, but the law of probability should mean that something better, or more resilient, or however you want to put it, better at survival, will displace it some day. No?

[virtual_enthusiasm]

Natural selection should dictate that Bitcoin will be displaced some day. Not today, not in our lifetime, but the law of probability should mean that something better, or more resilient, or however you want to put it, better at survival, will displace it some day. No?

No, because

the future is chaothic and entropic

but in bitcoin, and only in bitcoin,  chaos makes the price go up, and order makes the price go down, and if the future is chaothic then we can predict that bitcoin price will go up as long as there is proof of work

in a normal company order makes the price go up and chaos makes the price go down, bitcoin is the opposite, the more chaos, the more the price will go up, because it's the only decentralized (entropic) market,

all other markets are centralized (syntropic), and that makes bitcoin an amazing discovery, more chaos = price will go up, in bitcoin 

[SatoPrincess]

Sometimes the way bitcoin enthusiasts talk about bitcoin, you would think it’s a cult. People will always try to relate Bitcoin to everything…religion, lifestyle, moral values and so. This is the first time I’m seeing someone connect biology to Bitcoin, maybe OP is an ecologist. I do understand his analogy of survival of the fittest because in the crypto market, weak hands lose and strong hands make profit. As we know, the market is extremely volatile and not everyone has the patience to hodl for long term especially when the market is bearish, weak hands will sell off their bitcoins out of fear and the strong hands buy.

[lizarder]

Losers are those who sell bitcoin

LOL. Why should they lose because of selling reasons and if there is no buying and selling process it is not a product.

winners are those who buy and keep bitcoin

That's an advantage that bitcoin has because when people buy and hold it, it will be a big profit when the price of bitcoin reaches its highest value.

If natural selection do favor the winners over the losers, then we will have more buyers than sellers, and this explains why bitcoin price will go up in the future

If everyone buys then the amount of bitcoin available will never be enough, the process of buying and selling is a sure thing because that's how it works. Price increases are not only determined by how much people buy, but there are other supporting factors. Don't forget that demand and supply are always related to each other and both have an important role in the bitcoin journey process.

[nakamura12]

The price won't go up if bitcoin isn't sold that's why the price depends on supply and demand. If it's only supply and no demand then I won't call it a product. I definitely agree to other forum members that you are just trolling here.

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?

This is true because if it isn't then there won't be other cryptocurrencies that people know until this day and even new ones. Thereare also similar crypto that is very much similar but modified into something else so that they have control over it like stopping people from making a transaction. I wonder how OP come up with this idea that it isn't possible to copy or use the original source to make crypto that we know of.

[virtual_enthusiasm]

To lizarder

Natural selection does not remove all losers from a system, it just creates a balance in which there are more winners than losers

if winners are those who buy and keep bitcoin, and if natural selection laws do apply to bitcoin, there will be more buyers than sellers and the price

will go up forever


To nakamura12

It's not possible to copy bitcoin because what proof of work discovered was resistance against replicability itself, which means that all other altcoins based on proof of work are

false, not decentralized