Bitcoin is like a Mushroom

haha how bout dis mushroom tip dick in ur butthole

kek

Bitcoin appears superficially simple at first glance, however true understanding is difficult. Observers are easily seduced into making hasty assumptions. Competing narratives make it even harder (digital gold, fintech revolution, etc).

“What is bitcoin?” Like Fungi, bitcoin is a super-organism adapting to environmental stimuli, it unlocks stranded resources through PoW, absorbs proven competitor's advantages, and occupies a similar ecological role: the immune system.

Fungi are predominantly made up of “mycelium” - an underground decentralized intelligence network described as “earth’s natural internet.”

When conditions are right, fungi produce mushrooms which release spores (seeds) that attempt to colonize life nearby.

Fungi are fascinating:

-Largest organism on our planet is a fungal network (honey mushroom)
-Best chemists on our planet, they produce much of our medicine
-Trees cannot survive w/o underground fungal allies
-Around for 1.3b years
-Can save the bees

Fungi don’t have central “brains,” they’re decentralized networks distributing information + resources. These fungal networks form consensus on resource mgmt, reproduction, and defense strategy. Nice parallel w/ "Bitcoin as a social contract"

Bitcoin is 10 years old, however the decentralized network archetype is much older. Fungi (mycelium) began leveraging similar networks 1.3b years ago. This makes the advent of decentralized money seem less novel and more inevitable.

Fungi are the most successful species on our planet. They “inherited the earth” after all 5 mass extinction events on our planet. WHY? because fungi are antifragile decentralized networks + can adapt quickly + don’t need sunlight to survive + find their own food.

Tl;dr can someone summarise

Bitcoin will become the most successful monetary specie because it's decentralized, adapts (relatively) quickly, finds its own food (unmet demand), and doesn't need government support. In the event of a mass monetary extinction event, bitcoin will "inherit the earth."

Ye, what this guy said

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She's got all the room for you to mush, user

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Thnx mate

You didn't need to go so far as a mushroom analogy to point out that currencies suffer when there's too much printing and thrive when they're perceived as a store of value (but still widely available enough to conduct everyday trade). With the dollar printing maching going BRRRR there is no good store of value left (good luck finding enough physical gold to cash out all the dollars you might have, and good luck preventing real estate confiscation by the state), so it is inevitable that bitcoin and crypto in general will replace the dollar (and dollar denominated financial assets) as the mainstream store of value. As more and more "dissidents" are prevented from using mainstream financial services (see "bad guys" being prevented from using paypal, patreon, etc), more and more of them will start accepting and using crypto, which drives more and more adoption. Smart contracts and kleros court can RIGHT NOW replace patreon. The only reason they're not being used currently is because they're not being shilled to "creators".

i dub you mushroom bro

Yeah but most explanations miss out why Bitcoin moves in cycles and why these cycles are actually super predictable

Jej

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nice, bought 100k

Fuck you faggot hippie. I like my steaks RAW bitch.

>you faggot hippie. I like my steaks RAW bitch.
topped with blue cheese sauce is better though
the blue in it being a fungi of course

Fair enough, the fungi analogy does work pretty well there. However that's going to convince people that they can time bitcoin's pumps and just exacerbate the cycle. I think it'd be better if most people just bought and hold all the time.

what's interesting is that in this way i think bitcoin is acting as a fractal mirror to society, in that currently mankind is undergoing a collective awakening which mirrors the pattern of mycelium- decentralized, horizontally-organized networks of individuals (currently in the colonization stage) but when the towering edifice of global capitalism falls, then these networks will be what survive and spread and thrive and usher in the new age of co-operation.

bitcoin is mushroom, centralization is hierarchy, hierarchy is inherently week, decentralized systems are the future

magic internet money good

Based mushroom user

You are a very based austist, fren.
I also wanna point out that mushrooms taste very good.

tldr should i ape into btc

I can see the analogy, it’s a pretty good one.

In the information economy, decentralized orgs are more effective. They resist corruption, minimize bureaucracy, and push decision making to the edge (where the most accurate information lives). Bitcoin resists corruption and pushes complexity + decision making to the edge.
Scientists conducted an experiment where a fungus (Slime Mold) was incentivized to recreate Tokyo's rail system (stops marked w/ food). The fungus designed a better rail network than the engineers hired by the Japanese govt.

Over time, free market monetary competition enables bitcoin to out-compete legacy financial systems who have no skin in the game, suffer from innovator’s dilemma, become fragile over time, often drown in bureaucracy (or worse). Satoshi understood the power of the slime mold.
Bitcoin/mycelium have no central point of failure. Parts can be removed but the system survives. Individual developers, miners, users are vulnerable yet not crucial. No one to jail, no hardware to seize. Unsuccessful attacks on bitcoin/mycelium make the system stronger.
Nation states and central banks face a paradoxical challenge. If they attempt to destroy their competition, they’ll highlight the very need for bitcoin in the first place. And yet, the longer they wait, the stronger bitcoin becomes.
Both bitcoin and mycelium thrive in highly competitive ecosystems. They have skin in the game. Adapt or die. They become hardened from hostility.
Antifragile Fungi are constantly fighting underground battles against bacteria/microbes/fungi. When a predator is found, it sends info to the “mushroom scientists” who create a new enzyme targeting the predator. Then the fungi distributes the enzyme as needed. Fungi are antifragile.
Bitcoin is a living system constantly evolving based on environmental stimuli. As threats are found in the system, info is sent to the “bitcoin scientists” (developers) who create an “enzyme” (software patch) before propagating it through the system.

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You're late user. Luckily you're also early. Buy and hold, it's literally all you have to do.

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He's talking about a mushroom, not weed you absolute retard.

Strictly speaking, unless the bitcoin devs have gone full anonymous like Satoshi, they're vulnerable to direct attack by the state (see Seth Rich, Assange, Snowden, Hastings). Open source software paradigms can mitigate this somewhat but relying on devs too heavily, especially devs geographically concentrated in certain parts of the world, is ultimately a losing strategy compared to a centralized power with hostile intent.

no single supplement natural or synthetic prevents old age illnesses if your lifestyle is shitty, proper diet and exercise first, then add supplements on top

Both bitcoin and fungi harden their defenses over time (software patch/enzymes) and learn to consume new food sources (unmet demand). This has a compounding effect increases both antifragility as well as life expectancy over time.
Genes are typically passed down parent to offspring via "vertical gene transfer." Fungi can also do “horizontal gene transfer” - effectively slurping up genetic info from competitors in the same ecosystem. This foreshadows bitcoin absorbing proven features produced by alts.
There's a (misguided) belief in which people assume alts will implement a "cool new feature" (TPS, etc) and then outcompete Bitcoin. More likely outcome: bitcoin will eventually absorb proven features making alts unable to compete long term.

Bitcoin has been performing "horizontal gene transfer" since Satoshi first combined technologies used in previous attempts at creating an electronic cash systems (Hashcash, E-gold, etc).
Fungi mine minerals underground for trees in exchange for sugars that the tree produces (photosynthesis). Trees gain protection from invaders & crucial minerals. This underground mycelial network is both a resource/data transport layer + the immune system of the forest.
Fungi unlock stranded resources by converting matter (leaves/sticks) into base elements (carbon/nitrogen). Fungi then trade these unlocked resources with nearby organisms.
We'd be buried in 200 feet of leaves if they weren't decomposed (and redistributed) by fungi.
Bitcoin's PoW unlocks stranded energy resources. Instead of stranded energy (excess supply, remote geothermal, etc) being wasted, producers can sell excess energy to bitcoin miners. Excess energy to be converted into "digital gold."
Bitcoin has a robust immune system. Market sends bitcoin signals to satisfy unmet demand / improve security.

>Block space demand exceeds supply: LN grows
>China closes exchanges, LocalBitcoins flourishes
>Another currency gets hyper-inflated, bitcoin helps as a SoV

Bitcoin acts as humanity’s immune system against greed —helping to fight off cancerous governments, rent seeking businesses, central bank seigniorage, and debasement of the monetary supply.
“Bitcoin’s incentives create a self-reinforcing feedback loop.” Like the giant honey mushroom consuming entire forests in Oregon, bitcoin is getting bigger and stronger over time.