In this episode, Alexander McCaig and Jason Rigby compare gold, Bitcoin, and TARTLE. We’re looking at the evolution of money happening as we speak.
To start the discussion, Jason Rigby introduces a Twitter thread written by a user with the handle @SovereignSaxon, on episode 5 of The Saylor Series. This episode covers how Bitcoin is a “harder, smarter, stronger, and faster technology,” and compares it to gold.
Relative to other metals, gold is a little soft. But as an individual, it does have some hardness to it. Bitcoin, on the other hand, is harder because of its 21 million cap and stock to flow mechanism.
Beyond this, Bitcoin is also more antifragile because its network becomes stronger when more machines process it and more people own it. With gold, the amount of machines working on the earth, as well as the labor that goes into processing it, is what determines the cost of gold. But increasing the manpower and labor won’t make that network of mining and logistics any stronger.
In addition, gold is not as fast or as smart as Bitcoin. After all, Bitcoin doesn’t weigh anything—so nobody has to worry about the logistics of physically transporting gold from one place to another.
Gold isn’t smart, either. It’s just rock, or as Alexander McCaig puts it, “a crystalline structure doing its thing.” This means that gold does not have the capacity to evolve to fit the needs of humanity, unless we change the system in which it operates ourselves.
What’s one way that TARTLE and Bitcoin are alike? TARTLE is flexible because the network evolves based on how people are using it. Bitcoin is composed of several elements: the software running on hardware, the hardware running in facilities that are plugged in the firm, the people operating and writing that software, and so on.
The people within the Bitcoin ecosystem work on improving branches of the cryptocurrency on multiple levels. They’re improving the Square wallet, Binance exchanges, backend server exchanges, front-end client softwares, and more. Educators, communicators, analysts, and other experts from a wide variety of fields get to participate in the evolution of the network.
The TARTLE Marketplace functions in a similar manner. It’s the same thing. That’s why our users are called data champions. But what elevates TARTLE is its structure: the platform is instantaneous, completely feeless, and ultra low-energy. This means that the processing power required to run our software is minimal, even across millions of apps.
TARTLE is capable of adapting to whatever humanity needs it to be. The platform was built to be flexible. Creating data and putting value in that data will always be an important aspect of technology.
The TARTLE Marketplace is different from Bitcoin because with the latter, there is only value in one area, which is the Bitcoin itself. In TARTLE, however, there are many millions of assets of different values. And people are free to change that as they see fit.
What’s your data worth? Sign up for the TARTLE Marketplace through this link here.
