2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here to read all of the stories from our End Of Year 2020 Series.
This year has been a wild ride.
We have seen a blitzkrieg on civil liberties across the globe. The current new normal is nothing less than a dark and previously unimaginable dystopia. The populace has so far been eager to comply, even to the point of reporting one another for non-compliance and, in some cases, demanding even more restrictions be put in place on their own freedoms.
Information warfare is everywhere, with wildly accelerating censorship being deployed through corporate media and Big Tech platforms. As a result, an already divided populace has become more divided than ever before. Reality has forked, and people have no way to easily verify which fork holds the truth.
In the midst of all this chaos, Bitcoin remains the constant, pushing out blocks of verifiable truth every 10 minutes. Absolutely resistant to censorship. A bastion of freedom and rationality that brings much needed hope to those who have discovered it.
We started 2020 at around $7,000, with a hash rate just under 100 EH/s. At the time of this writing, the bitcoin price is $26,998, with the hash rate cruising around 140 EH/s. Bitcoin’s fundamentals have kept growing stronger and Number Go Up technology has proven itself.
Bitcoin’s biggest day of 2020 was undoubtedly May 11, block time 630,000. Bitcoin did the opposite of the fiat printing presses and went through its third halving, once again cutting the inflation rate in half. This happening in symphony with central banks all over the…