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Adam Back: "Dips exist to transfer Bitcoin from weak hands to stronger hands" 💯🙌

#AdamBack: "Quedas existem para transferir Bitcoin de mãos fracas para mãos mais fortes" 💯🙌

#BuyTheDip #4Years
#BCA #KeepStacking
Axel 💎🙌 Adler Jr

The structure of blocks using Merkle trees was proposed back in 1979. Hashcash (#AdamBack, 1997), b-money (Wei Dai, 1998), Bit Gold (Nick #Szabo, 2005) formed the foundation of the future cryptocurrency. #Satoshi #Nakamoto - whoever he was merely assembled already existing ideas into a single, working system. Simple rules - complex behavior. Just two lines: reward /2 and max_supply = 21M are enough to launch a unique monetary model with predictable emission and profound market consequences.

The four-year halving cycle conveniently synchronizes with macroeconomic and political cycles: US presidential elections, FED policy, and investment strategy timeframes.

What looks like fractal magic today is often just a trick with mirrors called ex-post curve-fitting. We see perfect matches only because we know the future in advance and adjust the model after the fact.

Satoshi (or, more likely, a team of developers) set a rigid, completely transparent supply trajectory. Everything you see - from "super-fractals" to growth to $100K - stems from the combination of this trajectory with greed, fear, and network effects.

Bitcoin is an engineering masterpiece created within the capabilities of one talented cryptographer or a small group of developers from the early 2000s. No aliens. No time machine. No magic.

The chart shows the theory of Bitcoin's four-year cycles, built on fixed halving dates.