The value of Bitcoin code exceeds traditional assets by 100 times. Unveiling the secrets behind its astonishing appreciation.

In today's rapidly developing technological era, the value of code has become a hot topic. Ten years ago, a programmer engaged in traditional internet development found that each line of code was worth about 100 dollars. However, when he began to delve into the code of Bitcoin, he discovered a shocking fact: each line of Bitcoin code is worth up to 20 million dollars. This enormous disparity sparked his deep reflection on the intrinsic value of code.

After in-depth research, he concluded that the high value of Bitcoin code comes from its unique "consensus creation ability" and "growth vitality." These two characteristics distinguish Bitcoin code fundamentally from traditional internet code.

The code can be divided into two categories: "capability-based" and "function-based". Bitcoin code belongs to "capability-based" code, which not only implements certain functions but also creates a brand new decentralized consensus mechanism. This mechanism integrates universal values such as human consensus, energy, and time into the Bitcoin network through Proof of Work (PoW), forming a powerful global consensus network that lays the foundation for carrying greater value in the future.

In addition, the Bitcoin code has "growth vitality", which is the ability to grow adaptively. Through the longest chain consensus mechanism, miners continuously compete for computational power, and the system automatically adjusts the difficulty to balance the block generation speed. At the same time, the game of interests among various stakeholders in the network forms a constantly iterating ecosystem. This makes the Bitcoin network like an organic life form, able to maintain robustness and anti-fragility in different environments.

In contrast, traditional internet code is mostly "functional" products, aimed at achieving specific functions or solving concrete needs. For example, the code for e-commerce platforms is mainly used to implement functions such as product selection, checkout, and payment. Although this type of code performs well in specific areas, its high replaceability leads to a lower long-term value.

Database management systems are another典型例子. Although widely used, their core functions (data storage and retrieval) can be achieved in a more efficient way, so their code value is relatively low.

The high value of Bitcoin code is not only reflected in its ability to solve the problem of decentralized consensus but also in its unique growth characteristics and complex ecosystem. The Bitcoin network has developed from zero to a value of $1.5 trillion in just 15 years, and this astonishing growth rate is the best proof of the value of "capability-based" code.

When evaluating a technical project, we should consider: is this project adding a new feature or creating an entirely new capability? This question may help us better understand and assess the project's long-term value and potential.