Today I want to talk about the Lindy effect. And BTC.🙂
The Lindy effect (also known as Lindy's Law) is a theorized phenomenon by which the future life expectancy of some non-perishable things, like a technology or an idea, is proportional to their current age.
In the context of BTC, this means that every year that BTC survives increases its chances of existence in the future.
BTC is subject to a network effect – with each year it gains more trust.
People see their friends or public figures starting to use BTC, and it encourages them to do the same.
Demand grows and that leads to higher prices.
Miners spend more money on hardware to increase their profits, and this leads to increased network security.
Increased network security makes the asset more attractive and leads to more users and investors.
And it keeps repeating in a circle.
Bitcoin gets stronger with each negative event.
Bitcoin has survived 80% dips, large exchange hacks, bans in many countries, negative news and accusations from public figures.
All of this makes Bitcoin stronger every year and increases the likelihood that it will live at least as long as it already has.
In light of recent events, I would like to add that according to the Lindy effect, the USDT is more durable than the USDC.
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