Is Bitcoin the greatest option ever created? Think about it. You buy a piece of the scarce infrastructure that thousands of businesses and developers are building on.
The Bitcoin core protocol, with it’s native asset bitcoin, is conservative in it’s development philosophy. This cuts downside (left tail) and protects from what we don’t know.
On the other hand, anyone can build on top of the Bitcoin protocol. Anyone can use the infrastructure to build applications or simply to send and store wealth.
This is asymmetry. Little downside and huge upside from convex tinkering in the form of innovators building on top of the Bitcoin protocol.
Bitcoin is an option on future innovation build on top of the protocol. Bitcoin is an option on innovation in the area of wealth protection. Bitcoin holders get paid when the rails are used.
Owning Bitcoin provide tremendous optionality and an Antifragility Edge.
More on Bitcoin Optionality :
- Is Bitcoin antifragile?
- The Antifragility Edge of cryptocurrencies
(posted nov, 2018)