The following article is an expanded, longer version of the original Medium article of the same name by the author, Tomer Strolight, in his series of articles on Bitcoin entitled “Why Bitcoin,” covering many aspects of Bitcoin, each with an average reading time of only three minutes.
No Speed Limits Lead To Faster, Safer, More Reliable Cars.
The German Autobahn highways have no legally-enforced speed limits. The laws of physics are the only limitations as to how fast automobiles can travel there. As such, Germans have figured out how to make very fast cars. Fast small cars, fast family cars, fast SUVs, fast trucks, etc.
They have also figured out how to make very safe fast cars, because nobody wants to die getting somewhere fast. German automakers pioneered advanced safety features, like crumple zones, that make high-speed collisions less dangerous to vehicle occupants.
The lack of legally-enforced constraints is what makes German cars faster, safer and better than those engineered in countries where speed limits and safety standards are prescribed by government edict.
Consider the challenges faced by German car engineers compared to those in a highly-regulated country where speed limits are far lower than the speeds observed on the Autobahn. German car engineers need to compete to figure out how to make cars both faster and safer than their other German competitors. But their regulated peers in other countries can stop improving their cars once they can safely hit the local speed limit. German car engineers become interested in understanding and solving challenges brought about by high speeds affecting reliability, aerodynamics, stability, fuel efficiency, high pressures, braking, acceleration and more. Their regulated counterparts simply do not have any interest in these considerations, nor are they given any budget to research them.
No Man-Made Laws Lead To Stronger, Safer, More Reliable Money
This same reasoning is remarkably why bitcoin is the best money the world will ever see. Just as automobiles are an engineered form of transportation, bitcoin is an engineered form of money.
Bitcoin’s first engineer, Satoshi Nakamoto, designed it to operate no matter what the universe could throw at it. He did not build it to only work under a constrained set of limits dictated by humans. Thus, the mechanisms that Satoshi built into Bitcoin to enforce its rules are nothing less than the laws of physics themselves. No government told Satoshi what rules to apply or how to enforce them. (And now, interestingly, no government can.) Bitcoin’s rules were chosen to ensure that Bitcoin would operate no matter what happened.
Strong, Safe Money, Guaranteed
Like the safety and speed goals of German cars travelling on the Autobahn highway network, there are safety and speed goals too for Bitcoin as it functions atop worldwide digital networks.
Bitcoin provides the monetary equivalent of safety, which is protection of private property. Bitcoin lets owners of its units of currency store them where only the rightful owners can find them. It does this using astronomically large random numbers as the storage location of these satoshis (satoshis being the base unit of currency in the Bitcoin system).
The laws of physics dictate that over the entire foreseeable future of the universe, nobody can be expected to guess one of these astronomical numbers where satoshis are being stored. Not even if they converted the whole planet into a giant computer making endless guesses.
If you HODL satoshis, you are guaranteed they will not be stolen by a thief guessing where they are stored (as long as you generated your astronomically large random number properly). Who guarantees this to you? Not some politician. Not some businessman. Not some company. Not any person. The guarantor is none other than the universe itself. As long as the laws that hold the universe together hold, your satoshis are safe.
Steady, Reliable Money, Guaranteed
When it comes to…