The Hot Bitcoin Big Bang

We compare the introduction of Cryptocurrency to Cosmology.

Singularity
From somewhere, nobody knows where, the source code appears.

Inflation
The various coins rise in price compared to background legacy currencies, while tending towards equilibrium between cryptocurrencies. Huge mining monoliths dominate the market.

Decoupling
All the coins are mined. Expected in the middle of the 2020’s. A phase transition occurs as mining operations rationalize. Many high-energy cryptocurrencies will go out of existance.

Recombination
Fiat lux. Surviving coins spread throughout the market. The period of price discovery begins.

Dinosaurs
The big banks muscle in to the market and dominate it for a period of relative instability

Dominance
99% of the coins end up in the hands of 1% of the people.

This entry was posted in Bitcoin and tagged , , . Bookmark the permalink.