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In aggregate, as a currency and economic system, bitcoin benefits from disorder. It is the constant exposure to stressors, volatility and randomness which causes bitcoin to evolve, adapt and ultimately to become stronger in near-uniform fashion and in a way that would not be possible in the absence of disorder. Bitcoin may still be young, but it is not temporary. It was released into the wild, and what has spawned is a system that cannot be controlled or shut down. It’s both everywhere and nowhere, all at the same time. It is like an elusive ghost. Its decentralized and permissionless state eliminates single points of failure and drives innovation, ultimately ensuring both its survival and a constant strengthening of its immune system as a function of time, trial and error. Bitcoin is beyond resilient. The resilient resists shocks and stays the same; bitcoin gets better. While it is easy to fall into a trap, believing bitcoin to be untested, unproven and not permanent, it is precisely the opposite. Bitcoin has been constantly tested for going on 12 years, each time proving to be up to the challenge and emerging from each test in a stronger state. At the end of the day, bitcoin is more permanent than it is risky because of antifragility. As a currency system, it manages to extend the utilization of resources beyond the control of deliberately coordinated effort, entirely dispensing with the need of conscious control all together. Bitcoin is the antifragile competitor to the inherently fragile legacy monetary system. On the one hand, a legacy system crippled by moral hazard, dependent on trust and centralized control. One that accumulates imbalance and fragility when exposed to stress and disorder, principally as a function of trillions in bailouts with each passing shock, which only further weakens its immune system. That compared to bitcoin which is a system devoid of moral hazard and which operates flawlessly on a decentralized basis, without trust and without bailouts. It eliminates imbalance and sources of fragility as a constant process, further strengthening the currency system as a whole and as a function of time. What doesn’t kill the legacy monetary system only makes it weaker. What doesn’t kill bitcoin only makes it stronger.

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