"I think that’s totally accurate seeing as cryptocurrency specifically bitcoin can not be studied biologically speaking. Natural selection is a biological concept that typically applies to species not coins which are products of technology.
Yes bitcoin is a closed system hence why we can not change anything from the past transactions as displayed in the blockchain."


Natural selection means surviving entropy eliminating the weak. If you have a closed system you have entropy, and then natural selection, the weaks are eliminated, and the winners survive. If bitcoin uses natural selection, only the winners keep bitcoin, in the long therm this means that the price will go forever up.


"Your logic is flawed on so many levels. First off, natural selection has nothing to do with the stock or cryptocurrency markets. It applies to biological evolution, not financial markets. Companies and individuals in the market compete, sure, but they don't magically eliminate losers.

Second, Bitcoin is not a "closed system", anyone can get in and out of "the system" whenever they want. And Bitcoin eliminates "losers" by... what, burning their coins?  No, it definitely doesn't have any built-in social darwinism where it actively kicks out losers or anything crazy like that. "


Bockchain is not open, we only have 21 million coins, but other markets, like stock market, are open, government can create money out of nothing. Bitcoin eliminate losers because natural selection eliminate losers, their coins tend to go to winners. Natural selection is a mathematical concept, it's not just biological