๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ถ๐ ๐ฆ๐๐ฟ๐ผ๐ป๐ด, ๐ฉ๐ถ๐ฟ๐๐๐ผ๐๐ ๐ ๐ผ๐ป๐ฒ๐ โ ๐ง๐ต๐ฒ ๐ฆ๐ฎ๐๐น๐ผ๐ฟ ๐ฆ๐ฒ๐ฟ๐ถ๐ฒ๐, ๐ฃ๐ฎ๐ฟ๐ ๐ณ
This continues our review of the Saylor Series.
For Part 6, follow the link at the bottom of this post.
Yesterday, I unpacked 5 insights from nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5mโs discussion with nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um, and explained how #Bitcoin is ๐ฅ๐บ๐ฏ๐ข๐ฎ๐ช๐ค and ๐ข๐ฅ๐ข๐ฑ๐ต๐ช๐ท๐ฆ, while gold is just a dumb rock.
This time, weโll look into how Bitcoin's innate qualities of decentralization, transparency, permanence, and attack-resistance make it ๐ช๐ฃ๐๐ฆ๐ช๐๐ก๐ฎ ๐ค๐ฅ๐ฉ๐๐ข๐๐ฏ๐๐ ๐ฉ๐ค ๐จ๐๐ง๐ซ๐ ๐๐จ ๐ ๐๐ก๐ค๐๐๐ก ๐จ๐ฉ๐ค๐ง๐ ๐ค๐ ๐ซ๐๐ก๐ช๐ ๐๐ฃ๐ ๐ข๐๐๐๐ช๐ข ๐ค๐ ๐๐ญ๐๐๐๐ฃ๐๐.
More on this below๐

๐๐ป๐๐ถ๐ด๐ต๐ #๐ญ: ๐ง๐ต๐ฒ ๐ช๐ถ๐๐ฑ๐ผ๐บ ๐ผ๐ณ ๐๐ป๐ฎ๐ฐ๐๐ถ๐ผ๐ป
Attempts to intervene in complex systems like markets always backfire due to unintended consequences. It is wiser to let natural market functions operate ๐๐ถ๐๐ต๐ผ๐๐ ๐๐ผ๐ฝ-๐ฑ๐ผ๐๐ป ๐ถ๐ป๐๐ฒ๐ฟ๐ณ๐ฒ๐ฟ๐ฒ๐ป๐ฐ๐ฒ, echoing Taleb's caution against tampering with Mother Nature.
๐๐ป๐๐ถ๐ด๐ต๐ #๐ฎ: ๐ฃ๐น๐ฎ๐ป๐ธ๐๐ผ๐ป๐ถ๐ฐ ๐ฃ๐ฒ๐ฟ๐บ๐ฎ๐ป๐ฒ๐ป๐ฐ๐ฒ
Bitcoin is similar to plankton: one a simple, resilient base layer for the ocean environment, and the other a simple, resilient base layer for the global financial ecosystem. Its ๐๐ถ๐บ๐ฝ๐น๐ถ๐ฐ๐ถ๐๐ and ๐น๐ฎ๐ฐ๐ธ ๐ผ๐ณ ๐ฐ๐ผ๐บ๐ฝ๐น๐ฒ๐ ๐ณ๐ฒ๐ฎ๐๐๐ฟ๐ฒ๐ enhance its survivability and resistance to attack.
๐๐ป๐๐ถ๐ด๐ต๐ #๐ฏ: ๐ง๐ต๐ฒ ๐๐ผ๐ป๐ฑ๐ ๐ผ๐ณ ๐ง๐ถ๐บ๐ฒ
Driving interest rates below zero contravenes the thermodynamic flow of time in a vain attempt to make it run ๐ฃ๐ข๐ค๐ฌ๐ธ๐ข๐ณ๐ฅ๐ด. This provokes instability in bond markets and negatively affects the wider financial system.
๐๐ป๐๐ถ๐ด๐ต๐ #๐ฐ: ๐ฃ๐ฟ๐ผ๐๐ฒ๐ฐ๐๐ถ๐ผ๐ป ๐ฏ๐ ๐ฅ๐ฒ๐ฑ๐๐ฐ๐๐ถ๐ผ๐ป
By stripping away complexities, Satoshi minimized Bitcoin's attack surface, optimizing its monetary properties for resilience. โ๐๐๐ ๐ฃ๐๐๐๐ฉ๐๐ซ๐โ, or the study of what ๐ฏ๐ฐ๐ต to do, led Satoshi to know what ๐ป๐ผ๐ to include in Bitcoin's design.
๐๐ป๐๐ถ๐ด๐ต๐ #๐ฑ: ๐ง๐ต๐ฒ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฅ๐ฒ๐ณ๐ผ๐ฟ๐บ๐ฎ๐๐ถ๐ผ๐ป
The cypherpunks behind Bitcoin reflect ๐ฎ ๐ธ๐ถ๐ป๐ฑ ๐ผ๐ณ ๐ฝ๐ฟ๐ผ๐๐ฒ๐๐๐ฎ๐ป๐ ๐ฟ๐ฒ๐ณ๐ผ๐ฟ๐บ๐ฎ๐๐ถ๐ผ๐ป against central banking's monetary debasement. Like Martin Luther's 95 Theses and the power of the printing press exactly 491 years earlier, the Bitcoin Whitepaper and the power of the internet launched a revolution, but this time separating ๐ฎ๐ฐ๐ฏ๐ฆ๐บ from ๐ด๐ต๐ข๐ต๐ฆ.

Thatโs it for Part 7! Short, sharp, concise.
Tomorrow I'll cover Part 8, in which Michael Saylor talks about the multifaceted nature of Bitcoin, and ๐ถ๐๐ ๐ฝ๐ผ๐๐ฒ๐ฟ ๐๐ผ ๐ด๐ฟ๐ฎ๐ป๐ ๐๐ ๐ถ๐บ๐บ๐ผ๐ฟ๐๐ฎ๐น ๐๐ผ๐๐ฒ๐ฟ๐ฒ๐ถ๐ด๐ป๐๐.
Be sure to ๐๐ถ๐ธ๐ฒ๐ค ๐ฆ๐ต๐ฎ๐ฟ๐ฒ๐ and ๐๐ผ๐ผ๐ธ๐บ๐ฎ๐ฟ๐ธ๐ this if you found it useful!
What are ๐บ๐ฐ๐ถ๐ณ thoughts about this part of the Saylor Series?
Let me know in the ๐ฐ๐ผ๐บ๐บ๐ฒ๐ป๐๐โฌ๏ธ
If you havenโt read yesterday's list of insights, you can find it here:



