Story time, for any people who want to hear my story of an asset similar to bitcoin

Once I consider bitcoin, I consider a recreation referred to as Runescape. I consider this comparability has been drawn earlier than, however I'll inform it once more in case it hasn't. Runescape is an previous medieval clicker recreation from 2001. Over 20 years in the past they launched gadgets referred to as 'partyhats' and 'christmas crackers', together with many different vacation gadgets however these are an important ones.

One main change the builders made to the sport was discontinuing the manufacturing of recent partyhats and xmas crackers sooner or later, successfully making a finite variety of the gadgets that may exist.

At first, the costs of those hats went up barely, and had been value a number of million cash a chunk, as gamers collected them and realised what they may very well be value some day. However, the value of 'gear', gadgets used to kill bosses, was way more costly than the hats for a very long time as a result of gamers couldn't see the complete extent of what the hats could be value some day. Then, quick ahead over 20 years and the hats are value billions of gold cash in recreation. And the one factor that’s costly sufficient to have the ability to purchase these partyhats are different partyhats, making them their very own foreign money.

I see drastic similarities between partyhats and BTC in the long term. As a result of if you happen to take a look at issues like 'equities' proper now, they are often in comparison with 'gear' again when having extra gear within the recreation allow you to earn more money. Equities present a extra secure and dependable APR, however solely in the interim. However, over time I absolutely consider that equities will pale compared to what BTC will probably be value and BTC will develop into its personal foreign money that’s both used to again authorities currencies or is used solely by the richest of the wealthy to buy giant scale trades, assuming they’ll get sufficient of it!

The chart supplied exhibits solely the primary few years of value scaling of partyhats, up till 2006. However if you happen to lookup Runescape 3 partyhat costs, you will notice they’re every value 10's of billions of gold items (1000’s of USD).

TLDR; quantity go brr. HODL perpetually!!