๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ถ๐˜€ ๐—ฆ๐˜๐—ฟ๐—ผ๐—ป๐—ด, ๐—ฉ๐—ถ๐—ฟ๐˜๐˜‚๐—ผ๐˜‚๐˜€ ๐— ๐—ผ๐—ป๐—ฒ๐˜† โ€” ๐—ง๐—ต๐—ฒ ๐—ฆ๐—ฎ๐˜†๐—น๐—ผ๐—ฟ ๐—ฆ๐—ฒ๐—ฟ๐—ถ๐—ฒ๐˜€, ๐—ฃ๐—ฎ๐—ฟ๐˜ ๐Ÿณ

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:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5mโ€™s discussion with nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um, and explained how #Bitcoin is ๐˜ฅ๐˜บ๐˜ฏ๐˜ข๐˜ฎ๐˜ช๐˜ค and ๐˜ข๐˜ฅ๐˜ข๐˜ฑ๐˜ต๐˜ช๐˜ท๐˜ฆ, while gold is just a dumb rock.

This time, weโ€™ll look into how Bitcoin's innate qualities of decentralization, transparency, permanence, and attack-resistance make it ๐™ช๐™ฃ๐™ž๐™ฆ๐™ช๐™š๐™ก๐™ฎ ๐™ค๐™ฅ๐™ฉ๐™ž๐™ข๐™ž๐™ฏ๐™š๐™™ ๐™ฉ๐™ค ๐™จ๐™š๐™ง๐™ซ๐™š ๐™–๐™จ ๐™– ๐™œ๐™ก๐™ค๐™—๐™–๐™ก ๐™จ๐™ฉ๐™ค๐™ง๐™š ๐™ค๐™› ๐™ซ๐™–๐™ก๐™ช๐™š ๐™–๐™ฃ๐™™ ๐™ข๐™š๐™™๐™ž๐™ช๐™ข ๐™ค๐™› ๐™š๐™ญ๐™˜๐™๐™–๐™ฃ๐™œ๐™š.

More on this below๐Ÿ‘‡

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿญ: ๐—ง๐—ต๐—ฒ ๐—ช๐—ถ๐˜€๐—ฑ๐—ผ๐—บ ๐—ผ๐—ณ ๐—œ๐—ป๐—ฎ๐—ฐ๐˜๐—ถ๐—ผ๐—ป

Attempts to intervene in complex systems like markets always backfire due to unintended consequences. It is wiser to let natural market functions operate ๐˜„๐—ถ๐˜๐—ต๐—ผ๐˜‚๐˜ ๐˜๐—ผ๐—ฝ-๐—ฑ๐—ผ๐˜„๐—ป ๐—ถ๐—ป๐˜๐—ฒ๐—ฟ๐—ณ๐—ฒ๐—ฟ๐—ฒ๐—ป๐—ฐ๐—ฒ, echoing Taleb's caution against tampering with Mother Nature.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฎ: ๐—ฃ๐—น๐—ฎ๐—ป๐—ธ๐˜๐—ผ๐—ป๐—ถ๐—ฐ ๐—ฃ๐—ฒ๐—ฟ๐—บ๐—ฎ๐—ป๐—ฒ๐—ป๐—ฐ๐—ฒ

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 ๐˜€๐—ถ๐—บ๐—ฝ๐—น๐—ถ๐—ฐ๐—ถ๐˜๐˜† and ๐—น๐—ฎ๐—ฐ๐—ธ ๐—ผ๐—ณ ๐—ฐ๐—ผ๐—บ๐—ฝ๐—น๐—ฒ๐˜… ๐—ณ๐—ฒ๐—ฎ๐˜๐˜‚๐—ฟ๐—ฒ๐˜€ enhance its survivability and resistance to attack.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฏ: ๐—ง๐—ต๐—ฒ ๐—•๐—ผ๐—ป๐—ฑ๐˜€ ๐—ผ๐—ณ ๐—ง๐—ถ๐—บ๐—ฒ

Driving interest rates below zero contravenes the thermodynamic flow of time in a vain attempt to make it run ๐˜ฃ๐˜ข๐˜ค๐˜ฌ๐˜ธ๐˜ข๐˜ณ๐˜ฅ๐˜ด. This provokes instability in bond markets and negatively affects the wider financial system.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฐ: ๐—ฃ๐—ฟ๐—ผ๐˜๐—ฒ๐—ฐ๐˜๐—ถ๐—ผ๐—ป ๐—ฏ๐˜† ๐—ฅ๐—ฒ๐—ฑ๐˜‚๐—ฐ๐˜๐—ถ๐—ผ๐—ป

By stripping away complexities, Satoshi minimized Bitcoin's attack surface, optimizing its monetary properties for resilience. โ€œ๐™‘๐™ž๐™– ๐™ฃ๐™š๐™œ๐™–๐™ฉ๐™ž๐™ซ๐™–โ€, or the study of what ๐˜ฏ๐˜ฐ๐˜ต to do, led Satoshi to know what ๐—ป๐—ผ๐˜ to include in Bitcoin's design.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฑ: ๐—ง๐—ต๐—ฒ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ฅ๐—ฒ๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐˜๐—ถ๐—ผ๐—ป

The cypherpunks behind Bitcoin reflect ๐—ฎ ๐—ธ๐—ถ๐—ป๐—ฑ ๐—ผ๐—ณ ๐—ฝ๐—ฟ๐—ผ๐˜๐—ฒ๐˜€๐˜๐—ฎ๐—ป๐˜ ๐—ฟ๐—ฒ๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐˜๐—ถ๐—ผ๐—ป 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 ๐˜ฎ๐˜ฐ๐˜ฏ๐˜ฆ๐˜บ from ๐˜ด๐˜ต๐˜ข๐˜ต๐˜ฆ.

Thatโ€™s 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 ๐—ถ๐˜๐˜€ ๐—ฝ๐—ผ๐˜„๐—ฒ๐—ฟ ๐˜๐—ผ ๐—ด๐—ฟ๐—ฎ๐—ป๐˜ ๐˜‚๐˜€ ๐—ถ๐—บ๐—บ๐—ผ๐—ฟ๐˜๐—ฎ๐—น ๐˜€๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฒ๐—ถ๐—ด๐—ป๐˜๐˜†.

Be sure to ๐—Ÿ๐—ถ๐—ธ๐—ฒ๐Ÿค™ ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„ and ๐—•๐—ผ๐—ผ๐—ธ๐—บ๐—ฎ๐—ฟ๐—ธ๐Ÿ”– this if you found it useful!

What are ๐˜บ๐˜ฐ๐˜ถ๐˜ณ thoughts about this part of the Saylor Series?

Let me know in the ๐—ฐ๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐˜๐˜€โฌ‡๏ธ

If you havenโ€™t read yesterday's list of insights, you can find it here:

nostr:nevent1qqs8dv06ygaq5n4qjnwmasg5jfvmfal3nh7plxkx9dapvkyypxeccggpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyp05sxj22fyq6h38jccrhwragaeks9pp30yr8tskwxpj20ftayd77qcyqqqqqqgnqxgq2

๐—œ๐—บ๐—บ๐—ผ๐—ฟ๐˜๐—ฎ๐—น ๐—ฆ๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฒ๐—ถ๐—ด๐—ป๐˜๐˜† ๐—ง๐—ต๐—ฟ๐—ผ๐˜‚๐—ด๐—ต ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป โ€” ๐—ง๐—ต๐—ฒ ๐—ฆ๐—ฎ๐˜†๐—น๐—ผ๐—ฟ ๐—ฆ๐—ฒ๐—ฟ๐—ถ๐—ฒ๐˜€, ๐—ฃ๐—ฎ๐—ฟ๐˜ ๐Ÿด

This is a continuation of my review of the Saylor Series.

For Part 7, follow the link at the bottom of this post.

Yesterday, I delved into 5 insights from nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5mโ€™s discussion with nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um, and explored the strength Bitcoin gets from being virtuous, simple, and ๐˜ฑ๐˜ฆ๐˜ณ๐˜ฎ๐˜ข๐˜ฏ๐˜ฆ๐˜ฏ๐˜ต money.

Today, weโ€™ll explore why Bitcoin is the ๐™ค๐™ฃ๐™ก๐™ฎ resource that allows you to extend your life force into the distant future, long after you pass on, giving you a form of ๐—ถ๐—บ๐—บ๐—ผ๐—ฟ๐˜๐—ฎ๐—น ๐˜€๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฒ๐—ถ๐—ด๐—ป๐˜๐˜†.

Read more below๐Ÿ‘‡

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿญ: ๐—ง๐—ต๐—ฒ ๐—Ÿ๐—ผ๐˜‚๐—ฑ๐—ฒ๐˜€๐˜ ๐— ๐—ฎ๐—ป ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—ฅ๐—ผ๐—ผ๐—บ

The ability to settle peer-to-peer with Bitcoin acts as a deterrent, similar to how in a society of armed people act more politely, knowing others may be armed. As the quote from American Gangster goes: "๐˜›๐˜ฉ๐˜ฆ ๐˜ญ๐˜ฐ๐˜ถ๐˜ฅ๐˜ฆ๐˜ด๐˜ต ๐˜ฎ๐˜ข๐˜ฏ ๐˜ช๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ณ๐˜ฐ๐˜ฐ๐˜ฎ ๐˜ช๐˜ด ๐˜ต๐˜ฉ๐˜ฆ ๐˜ธ๐˜ฆ๐˜ข๐˜ฌ๐˜ฆ๐˜ด๐˜ต ๐˜ฎ๐˜ข๐˜ฏ ๐˜ช๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ณ๐˜ฐ๐˜ฐ๐˜ฎ." Bitcoin's settlement method makes it the strong, silent type.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฎ: ๐— ๐—ฎ๐—ด๐—ถ๐—ฐ ๐— ๐—ผ๐—ป๐—ฒ๐˜†

Sufficiently advanced technology combined with Bitcoin's monetary energy can enable average people to achieve great things โ€” like magicians wielding magical powers. Not so long ago, being able to store oneโ€™s time and energy in a way that ๐˜ฏ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ leaks, and send them ๐˜ข๐˜ฏ๐˜บ๐˜ธ๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ instantly without fear of confiscation or censorship would have seemed like ๐™–๐™˜๐™ฉ๐™ช๐™–๐™ก magic. But today, we just call it โ€œBitcoinโ€.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฏ: ๐—•๐˜‚๐—ถ๐—น๐—ฑ๐—ถ๐—ป๐—ด ๐—ฌ๐—ผ๐˜‚๐—ฟ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—™๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ

To build your Bitcoin position, follow a method called ๐——๐—ผ๐—น๐—น๐—ฎ๐—ฟ ๐—–๐—ผ๐˜€๐˜ ๐—”๐˜ƒ๐—ฒ๐—ฟ๐—ฎ๐—ด๐—ถ๐—ป๐—ด (DCA), which means buying with a recurring amount at a steady rate, but itโ€™s okay to also buy large dips once in a while. This strategy allows anyone to save their wealth in Bitcoin without overwhelming their lifestyle or finances. As long as you can save for long enough, ๐˜ช๐˜ต ๐˜ธ๐˜ช๐˜ญ๐˜ญ ๐˜ฏ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ ๐˜ฃ๐˜ฆ ๐˜ต๐˜ฐ๐˜ฐ ๐˜ญ๐˜ข๐˜ต๐˜ฆ ๐˜ต๐˜ฐ ๐˜จ๐˜ฆ๐˜ต ๐˜ช๐˜ฏ๐˜ต๐˜ฐ ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฐ: ๐—”๐—ฐ๐—ต๐—ถ๐—ฒ๐˜ƒ๐—ถ๐—ป๐—ด ๐—œ๐—บ๐—บ๐—ผ๐—ฟ๐˜๐—ฎ๐—น ๐—ฆ๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฒ๐—ถ๐—ด๐—ป๐˜๐˜†

With Bitcoin's robust base layer, people can fulfill their hopes across generations long after their death, like magic in ancient myths. Bitcoinโ€™s structure provides a level of strength typically seen in traditional monetary institutions, ๐˜ฃ๐˜ถ๐˜ต ๐˜ธ๐˜ช๐˜ต๐˜ฉ๐˜ฐ๐˜ถ๐˜ต ๐˜ค๐˜ฆ๐˜ฏ๐˜ต๐˜ณ๐˜ข๐˜ญ๐˜ช๐˜ป๐˜ฆ๐˜ฅ ๐˜ฑ๐˜ฐ๐˜ช๐˜ฏ๐˜ต๐˜ด ๐˜ฐ๐˜ง ๐˜ง๐˜ข๐˜ช๐˜ญ๐˜ถ๐˜ณ๐˜ฆ. This makes anyone who uses it the sovereign owner of their wealth, ๐—ฒ๐˜ƒ๐—ฒ๐—ป ๐—ฎ๐—ณ๐˜๐—ฒ๐—ฟ ๐˜๐—ต๐—ฒ๐˜† ๐—ฑ๐—ถ๐—ฒ.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฑ: ๐—™๐—ถ๐—ด๐—ต๐˜ ๐—ณ๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐—™๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ

For anything like Bitcoin to succeed long-term, ๐˜ช๐˜ต ๐˜ฏ๐˜ฆ๐˜ฆ๐˜ฅ๐˜ด ๐˜ข๐˜ฏ ๐˜ข๐˜ค๐˜ค๐˜ฐ๐˜ฎ๐˜ฑ๐˜ข๐˜ฏ๐˜บ๐˜ช๐˜ฏ๐˜จ ๐˜ฑ๐˜ณ๐˜ช๐˜ฏ๐˜ค๐˜ช๐˜ฑ๐˜ญ๐˜ฆ๐˜ฅ ๐˜ช๐˜ฅ๐˜ฆ๐˜ฐ๐˜ญ๐˜ฐ๐˜จ๐˜บ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ฑ๐˜ฆ๐˜ฐ๐˜ฑ๐˜ญ๐˜ฆ ๐˜ธ๐˜ช๐˜ญ๐˜ญ ๐˜ด๐˜ข๐˜ค๐˜ณ๐˜ช๐˜ง๐˜ช๐˜ค๐˜ฆ ๐˜ต๐˜ฐ ๐˜ฅ๐˜ฆ๐˜ง๐˜ฆ๐˜ฏ๐˜ฅ, not just innovative technology. Bitcoin represents the only such pure ideology that is worthy of that level of commitment from its users. This devotion will not only prevent civilizational decay, but ๐—น๐—ฎ๐˜‚๐—ป๐—ฐ๐—ต ๐—ต๐˜‚๐—บ๐—ฎ๐—ป๐—ถ๐˜๐˜† ๐˜๐—ผ ๐—ฒ๐—ป๐˜๐—ถ๐—ฟ๐—ฒ๐—น๐˜† ๐—ป๐—ฒ๐˜„ ๐—ต๐—ผ๐—ฟ๐—ถ๐˜‡๐—ผ๐—ป๐˜€.

Thatโ€™s Part 8! ๐—ช๐—ฒโ€™๐—ฟ๐—ฒ ๐—ฎ๐—น๐—บ๐—ผ๐˜€๐˜ ๐—ต๐—ฎ๐—น๐—ณ-๐˜„๐—ฎ๐˜† ๐—ฑ๐—ผ๐—ป๐—ฒ!

Tomorrow Iโ€™ll share Part 9, in which weโ€™ll look closely at the elemental force that is Bitcoin, as well as wisdom that can be gleaned from sound economics.

Make sure you ๐—Ÿ๐—ถ๐—ธ๐—ฒ๐Ÿค™ and ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„ this post!

And ๐—•๐—ผ๐—ผ๐—ธ๐—บ๐—ฎ๐—ฟ๐—ธ๐Ÿ”– this, so you can refer back to it easily.

What do ๐˜บ๐˜ฐ๐˜ถ think about this section of the Saylor Series?

Drop your thoughts in the ๐—ฐ๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐˜๐˜€โฌ‡๏ธ

If you missed yesterday's insights, you can find them here:

nostr:nevent1qqsqz0l64yftan5cqjk6gk59yast8057ugre5e8zw6dwxmy2cdzy28gpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyp05sxj22fyq6h38jccrhwragaeks9pp30yr8tskwxpj20ftayd77qcyqqqqqqgxqhru5

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Discussion

๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ปโ€™๐˜€ ๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐—ช๐—ถ๐˜€๐—ฑ๐—ผ๐—บ โ€” ๐—ง๐—ต๐—ฒ ๐—ฆ๐—ฎ๐˜†๐—น๐—ผ๐—ฟ ๐—ฆ๐—ฒ๐—ฟ๐—ถ๐—ฒ๐˜€, ๐—ฃ๐—ฎ๐—ฟ๐˜ ๐Ÿต

This is a continuation of my insights from the Saylor Series. For Part 8, follow the link at the bottom of this post.

Yesterday, I expounded on 5 of my insights from what nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m discussed with nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um, focusing on how #Bitcoin is generational wealth, and how it can make your time and energy last forever.

In todayโ€™s list of insights, Saylor will give us ๐˜ƒ๐—ฎ๐—น๐˜‚๐—ฎ๐—ฏ๐—น๐—ฒ ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐˜„๐—ถ๐˜€๐—ฑ๐—ผ๐—บ that will not only benefit you financially, but also have a deep effect on you personally.

Letโ€™s go๐Ÿ‘‡

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿญ: ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ฎ๐˜€ ๐—ฎ๐—ป ๐—˜๐—น๐—ฒ๐—บ๐—ฒ๐—ป๐˜๐—ฎ๐—น ๐—™๐—ผ๐—ฟ๐—ฐ๐—ฒ

The advent of Bitcoin is like the discovery of fire or atomic energy. Itโ€™s an "elemental force" that has the power to revolutionize economic energy in the same way those innovations advanced human civilization. ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ฑ๐—ถ๐˜€๐—ถ๐—ป๐—ณ๐—ฒ๐—ฐ๐˜๐˜€ ๐—บ๐—ผ๐—ป๐—ฒ๐˜† and resolves many of the issues that arise from defective and "bleeding" fiat currencies.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฎ: ๐—ง๐—ต๐—ฒ ๐—ง๐—ฟ๐˜‚๐—ฒ ๐—–๐—ผ๐˜€๐˜ ๐—ผ๐—ณ ๐—™๐—ถ๐—ฎ๐˜

When accounting for inflation, real estate rates reveal the true loss in fiatโ€™s purchasing power. With real yields deeply negative over the past decade, any currency sitting in banks has been steadily losing a significant percentage of value each year. ๐—ง๐—ต๐—ถ๐˜€ ๐—ถ๐˜€ ๐˜๐—ต๐—ฒ ๐˜๐—ฟ๐˜‚๐—ฒ ๐—ฐ๐—ผ๐˜€๐˜ ๐—ผ๐—ณ ๐—ต๐—ผ๐—น๐—ฑ๐—ถ๐—ป๐—ด ๐—ณ๐—ถ๐—ฎ๐˜ ๐—ถ๐—ป๐˜€๐˜๐—ฒ๐—ฎ๐—ฑ ๐—ผ๐—ณ ๐—ฎ ๐—ฝ๐—ฒ๐—ฟ๐—ณ๐—ฒ๐—ฐ๐˜๐—น๐˜† ๐˜€๐—ฐ๐—ฎ๐—ฟ๐—ฐ๐—ฒ ๐—ฎ๐˜€๐˜€๐—ฒ๐˜ ๐—น๐—ถ๐—ธ๐—ฒ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฏ: ๐—–๐—ฒ๐—ป๐˜๐—ฟ๐—ฎ๐—น ๐—•๐—ฎ๐—ป๐—ธโ€™๐˜€ ๐—œ๐—ป๐—ณ๐—น๐—ฎ๐˜๐—ถ๐—ผ๐—ป

Central banks play a significant role in manipulating markets and prices through practices like quantitative easing. This artificial pumping up of the fiat money supply skews prices across different asset classes ๐˜๐—ผ ๐˜๐—ต๐—ฒ ๐—ฏ๐—ฒ๐—ป๐—ฒ๐—ณ๐—ถ๐˜ ๐—ผ๐—ณ ๐—ฐ๐—ฒ๐—ฟ๐˜๐—ฎ๐—ถ๐—ป ๐—ด๐—ฟ๐—ผ๐˜‚๐—ฝ๐˜€ ๐—ผ๐˜ƒ๐—ฒ๐—ฟ ๐—ผ๐˜๐—ต๐—ฒ๐—ฟ๐˜€. This amounts to ๐˜ต๐˜ฉ๐˜ฆ๐˜ง๐˜ต ๐˜ท๐˜ช๐˜ข ๐˜ช๐˜ฏ๐˜ง๐˜ญ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ, which is imposed on those who end up holding the debased currency.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฐ: ๐—ง๐—ต๐—ฒ ๐—Ÿ๐—ฎ๐˜„ ๐—ผ๐—ณ ๐——๐—ฒ๐—ฐ๐—ถ๐—บ๐—ฎ๐˜๐—ถ๐—ผ๐—ป

The Law of Decimation is the observation that ๐—ถ๐—ป ๐—ฎ๐—ป๐˜† ๐—ฐ๐—ผ๐—บ๐—ฝ๐—น๐—ฒ๐˜… ๐˜€๐˜†๐˜€๐˜๐—ฒ๐—บ, ๐—ฎ๐—ฟ๐—ผ๐˜‚๐—ป๐—ฑ ๐Ÿญ๐Ÿฌ% ๐—ผ๐—ณ ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ผ๐—ป๐—ฒ๐—ป๐˜๐˜€ ๐˜„๐—ถ๐—น๐—น ๐—ฏ๐—ฟ๐—ฒ๐—ฎ๐—ธ ๐—ฑ๐—ผ๐˜„๐—ป ๐—ผ๐—ฟ ๐—ป๐—ฒ๐—ฒ๐—ฑ ๐—บ๐—ฎ๐—ถ๐—ป๐˜๐—ฒ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ฒ๐—ฎ๐—ฐ๐—ต ๐˜†๐—ฒ๐—ฎ๐—ฟ. This applies to physical assets, but also teams, plans, and organizations. It's a reminder to ๐˜ฃ๐˜ถ๐˜ฅ๐˜จ๐˜ฆ๐˜ต ๐˜ข๐˜ฑ๐˜ฑ๐˜ณ๐˜ฐ๐˜ฑ๐˜ณ๐˜ช๐˜ข๐˜ต๐˜ฆ๐˜ญ๐˜บ ๐˜ง๐˜ฐ๐˜ณ ๐˜ฆ๐˜ฏ๐˜ต๐˜ณ๐˜ฐ๐˜ฑ๐˜บ, and ๐˜ข๐˜ท๐˜ฐ๐˜ช๐˜ฅ ๐˜ฏ๐˜ฆ๐˜ฆ๐˜ฅ๐˜ญ๐˜ฆ๐˜ด๐˜ด ๐˜ค๐˜ฐ๐˜ฎ๐˜ฑ๐˜ญ๐˜ฆ๐˜น๐˜ช๐˜ต๐˜บ that creates more surface area for failure.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฑ: ๐—”๐—ฐ๐˜๐—ถ๐—ผ๐—ป๐˜€, ๐—ก๐—ผ๐˜ ๐—ช๐—ผ๐—ฟ๐—ฑ๐˜€

Thereโ€™s a paradox between Stoic philosophy and the actions of someone like Marcus Aurelius, who preached virtue but made disastrous leadership decisions near the end of his reign. This underscores the point that itโ€™s much easier to ๐˜ด๐˜ฑ๐˜ฆ๐˜ข๐˜ฌ wisdom than to ๐˜ค๐˜ฐ๐˜ฏ๐˜ด๐˜ช๐˜ด๐˜ต๐˜ฆ๐˜ฏ๐˜ต๐˜ญ๐˜บ ๐˜ข๐˜ค๐˜ต ๐˜ถ๐˜ฑ๐˜ฐ๐˜ฏ those values when it matters most. ๐—ช๐—ผ๐—ฟ๐—ฑ๐˜€ ๐—ฎ๐—น๐—ผ๐—ป๐—ฒ ๐—น๐—ฎ๐—ฐ๐—ธ ๐˜€๐˜‚๐—ฏ๐˜€๐˜๐—ฎ๐—ป๐—ฐ๐—ฒ ๐˜„๐—ถ๐˜๐—ต๐—ผ๐˜‚๐˜ ๐—ฎ๐—ฐ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐˜๐—ผ ๐—ฏ๐—ฎ๐—ฐ๐—ธ ๐˜๐—ต๐—ฒ๐—บ.

Thatโ€™s a wrap for Part 9!

Weโ€™ll review Part 10 tomorrow, in which Michael Saylor will emphasize the importance of understanding money as ๐˜๐—ผ๐—ธ๐—ฒ๐—ป๐—ถ๐˜‡๐—ฒ๐—ฑ ๐—ฒ๐—ป๐—ฒ๐—ฟ๐—ด๐˜† ๐˜„๐—ถ๐˜๐—ต๐—ถ๐—ป ๐—ฎ ๐˜€๐—ผ๐—ฐ๐—ถ๐—ผ-๐—ฝ๐—ผ๐—น๐—ถ๐˜๐—ถ๐—ฐ๐—ฎ๐—น ๐—ณ๐—ฟ๐—ฎ๐—บ๐—ฒ๐˜„๐—ผ๐—ฟ๐—ธ.

Remember to ๐—Ÿ๐—ถ๐—ธ๐—ฒ๐Ÿค™ and ๐—•๐—ผ๐—ผ๐—ธ๐—บ๐—ฎ๐—ฟ๐—ธ๐Ÿ”– this if you found it valuable.

And ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„ it with anyone who could use Saylorโ€™s wisdom and advice!

How about what ๐˜บ๐˜ฐ๐˜ถ think? Are there any insights you wish I had mentioned?

Share it in the ๐—–๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐˜๐˜€โฌ‡๏ธ

If you missed yesterday's insights, you can find them here:

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