Three Fundamental “Idan Laws” of Bitcoin and Decentralized Networks
In the year 2010, I Discovered a new fundamental force: The Fifth Force — The force of decentralized networks. I show the influence of the Fifth Force in many domains: Social networks like Facebook for business, for politic like The Arab Spring, for AI like the Neural Networks, etc.
In 2014 I apply the theory of the Fifth Force to the domains of Bitcoin and Blockchain.
In the year 2014, I extended my theory and published it in a book (in Hebrew).
Only after I published my book in 2014, I realized that the most powerful implementation of the Fifth Force, is the Bitcoin. Why?
Because the power of the Fifth Force of network is a function of the degree of decentralization. This power made the Bitcoin a kind of an organism like the Mycelium Mushroom, that behave according to the Law of Botany (The first law below), and according to the Law of Saving (the second law below).
1, There are 4-years cycles in the Bitcoin price.
The years 2013, 2017, 2021 are the spring years of flowering and fruit.
The years 2010, 2014, 2018 are the summer years and dehydration.
The years 2011, 2015, 2019 are the fall years of elongation and thickening of the roots.
The years 2012, 2016, 2020 are the winter years of watering and leaf growth.
I call this cycles “The Bitcoin Botany”, which takes into account not only the supply side of the Halving (always in the winter years 2012, 2016, 2020), but also the demand side of the growth of users, of hash rate, and more.
2, The Blockchain of the Bitcoin can save any organization, more than 20% of financing expenses.
Here are 7 data, 4 purple and 3 blue. In light of the amazing benefits of purple, the third blue benefit can be derived: the blockchain produce $ 3 trillion in economic value. This is exactly 10% of the size of the network economy, which is $ 30 trillion. 3 trillion content like Facebook, 6 trillion finance, 3 trillion transportation, 4 trillion electricity, 2 trillion real estate such as the Airbnb and WeWork, 6 trillion robots and MLearning, 6 trillion 3D manufacturing. Https://advisory.kpmg.us/content/dam/advisory/en/pdfs/blockchain-future-finance.pdf
3, The reason for the above 2 Basic Laws, is the Fifth Force of the network, stemming from the decentralization. Decentralization is the cause of Bitcoin’s scarcity and scalability and saleability, according to Saifedean Ammous and Plan B.
Most crypto currencies do not have a critical mass of decentralization.
The Bitcoin is an evolution of an artificial Mycelium by evolutionary algorithm. That’s why the Bitcoin is immune from hackers and from States.
Thanks to E.G.