I like this analogy. I feel like reminiscing.

It's October 2013 and Bitcoin died again. This time from 266$ down to 50$ and now hovering around 100$.

There was a poster here in the WO who kept going on and on with the tired narrative of how Bitcoin has value only because of darknet markets like Silk Road. Paid troll? Deluded nocoiner? Trader spreading FUD? Who knows. But it was a common sentiment and not easily disproven at the time. What else could you buy with BTC? Alpaca socks, maybe a VPN, some gambling and some food in one of the perhaps dozen establishments around the world run by Bitcoiner owners. Without Silk Road, there was no point in having Bitcoin.

Then the news hits: Ross Ulbricht, the founder of Silk Road, has been arrested. Hundreds of thousands of BTC seized by the US gov. Instant flash crash in BTC price. Surely, this was going to be the end...

...except it wasn't. The price rebounded from its almost 40% crash - within 2-3 days it was hovering around the 100$ mark again. Just like that, the narrative of "Bitcoin has only value because of drugs" was relegated to the dustbin of history. Many more narratives would emerge to challenge Bitcoin over the years. It's too volatile. Governments will ban it. It's blockchain, not Bitcoin. But what about muh environment? What if daddy rich guy Musk doesn't like Bitcoin anymore? Many, many more - they tend to blend into incoherent noise after some time.

Within a few weeks of the Silk Road flash crash Bitcoin hit 1000$ and the world started going properly nuts over Bitcoin for the first time. It had proven its anti-fragility because that's what the Honey Badger does. We also know what it doesn't do: give a shit.

Daddy Elon will eventually learn as well. That all the money and narcissistic energy in the world won't help you control Bitcoin. And we will look back on the Elon dump as we do on the Silk Road crash. As the signal for having defeated yet another hostile narrative.