It recently occurred to me just how legitimate the bitcoin space has become.
For years, interacting with bitcoin felt sorta risky. Exchanges were constantly getting hacked. Offline bitcoin storage was mostly reserved for hardcore tech geeks. Knowledge highlighting bitcoin’s value proposition circulated through unknown chat forums. And there wasn’t much your bitcoin could DO other than just sit there.
Over the last few years all of that has changed.
When you’re in the thick of it every day it’s easy to miss just how easy bitcoin has gotten to use and interact with. What would look like magic to an…
The best way to win a nuclear war is by preemptively striking your opponent before they are prepared, hitting them so hard that they have no ability to respond with a counter-strike. This is a 0 to 100 total war event, where one day everything is “normal” and the next day your city is a smoldering ruin.
It’s an issue straight out of game theory. Give your opponent the ability to strike back and YOU will be the one who is completely demolished and unable to fight.
A less macabre arms race takes place when the piñata breaks at a…
For nearly a decade, 100,000 has held an indomitably divine standing among many in the bitcoin ecosystem. It is, perhaps, the turning point for the industry as a whole. The fulfillment of a centuries old prophecy. The moment when traditional finance will have no other option but to admit that the bitcoin industry is not a backwater, and is instead, perhaps, the base layer of a new era.
No, I’m not talking about the price of bitcoin.
I’m talking about the race to 100,000 twitter followers between Neeraj and Nic. …
Bitcoin’s price rise over the last decade has started to mint a new class of elite.
This is an elite that is on the precipice of owning some serious “fuck you money” — an amount of capital that makes the holder entirely unbeholden to anyone or anything. Bitcoiners are mercenary rogues: they’re un-hirable, un-cancellable, un-censorable, and enormously skeptical of the modern world.
A continuing price increase in bitcoin will make these people some of the most powerful individuals on the planet.
On top of that, the bitcoin elite will be ideologically predisposed to using bitcoin as their unit of account…
Perhaps one of the largest power distorters on planet earth is money. If you own a bunch of it you have significantly more power than a neighbor who owns none of it.
Like they say, money talks. And in America, it doesn’t just talk, it bites. The United State’s position as owner of the world’s global reserve currency has made U.S. elites the most powerful people on the planet. Go up against the U.S. elite and they’ll weaponize money to make sure you lose.
They’ll buy out your competition. They’ll bankrupt you through never ending lawsuits. They’ll revoke your access…
Before the media swoops in over the coming weeks to label the January 6th protestors who broke into the U.S. capitol building as “fascists” or “radical terrorists”, or “conspirators in a coup”, I think it’s important to catalogue what we really saw.
And that starts with the events of the previous year.
In 2020 the world saw changes to daily life on a scale practically unheard of in the modern world. It started with global, coordinated lockdowns. These (initially brief) lockdowns expanded government control, destroyed small businesses, and stole our individual agency.
As the lockdowns turned permanent, radical globalist policies…
I have daily conversations where I try to convince friends, family, and skeptics to buy bitcoin. It typically devolves into me citing theories of Austrian Economics and sound money, and them pushing back with other economic theories and political philosophies. It becomes useless intellectual arm wrestling.
So instead of trying to prove how much I think I know about bitcoin — here’s a list of all of the things I don’t know about bitcoin.
I don’t know why bitcoin’s price has been through multiple crash cycles.
Every time the bitcoin bubble pops it has found a way to re-inflate itself…
Go to any big box corporate store since the pandemic started and they’re busier than ever before. But go to any nearby small business and you’ll see a completely different reality. The business is close to empty, the owners are barely scraping by.
In our covid hysteria, the elites have determined that it’s more important to prioritize big businesses over smaller ones. Big Biz gets the bailouts and the loans and the freedom to stay open while Small Biz gets audits and citations and shut down. …
We’ve been told that thousands of years ago, before the invention of “money”, societies used complex systems of bartering in order to exchange value. We learned that as these systems scaled, bartering lost favor with a more portable medium of exchange, eventually paving the way to our modern world of finance.
But just like most everything else in our high school textbooks, the idea that bartering was a prominent form of value transfer before the “invention” of money is barely the full story. …
Being an entrepreneur, I’ve had a deeper relationship with the media than most people. I’ve worked at a news station, I’ve been interviewed by news outlets, I’ve colluded to disseminate (innocent) fake news, and I’ve watched as the mainstream media has completely misreported an industry that I know a thousand times better than any journalist.
When I worked at a local news station in Albuquerque, one of the editors told me something I’ll never forget. He said that the station will report on anything EXCEPT negative news about one of their advertisers. …
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