🚨Since the creation of #Bitcoin, thousands of new cryptocurrencies and projects have emerged that promise to be the foundation of "Web3", offering smart contracts, decentralized social networks, and virtual worlds. The narrative is that Bitcoin is the old technology and that Web3 has surpassed it. But here’s the wild part... Bitcoin is the pillar of value for Web3.
While newer projects focus on the complexity and functionality of applications, Bitcoin focuses on one single thing: being the base money, immutable and decentralized. Most Web3 projects need a unit of account that is scarce and secure to settle value; Bitcoin provides that scarcity and security. Web3 builds the house (applications), but Bitcoin is the cement (the immutable value) upon which it rests.
People assume that Bitcoin and the Web3 ecosystem are competitors. But the reality is that they are complements. The security and immutability of the Bitcoin network are the most valuable features for any digital asset. Without a solid and decentralized monetary base, Web3 projects risk collapsing. Bitcoin is the layer of trust on which the rest can build without fear of censorship or inflation.
It is not outdated technology; it is foundational technology. The asset that seems simple is the one that provides Sustainability.
