Subnostr

𝗜𝗺𝗺𝗼𝗿𝘁𝗮𝗹 𝗦𝗼𝘃𝗲𝗿𝗲𝗶𝗴𝗻𝘁𝘆 𝗧𝗵𝗿𝗼𝘂𝗴𝗵 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 — 𝗧𝗵𝗲 𝗦𝗮𝘆𝗹𝗼𝗿 𝗦𝗲𝗿𝗶𝗲𝘀, 𝗣𝗮𝗿𝘁 𝟴

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:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m’s discussion with nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um, and explored the strength Bitcoin gets from being virtuous, simple, and 𝘱𝘦𝘳𝘮𝘢𝘯𝘦𝘯𝘵 money.

Today, we’ll explore why Bitcoin is the 𝙤𝙣𝙡𝙮 resource that allows you to extend your life force into the distant future, long after you pass on, giving you a form of 𝗶𝗺𝗺𝗼𝗿𝘁𝗮𝗹 𝘀𝗼𝘃𝗲𝗿𝗲𝗶𝗴𝗻𝘁𝘆.

Read more below👇

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟭: 𝗧𝗵𝗲 𝗟𝗼𝘂𝗱𝗲𝘀𝘁 𝗠𝗮𝗻 𝗶𝗻 𝘁𝗵𝗲 𝗥𝗼𝗼𝗺

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: "𝘛𝘩𝘦 𝘭𝘰𝘶𝘥𝘦𝘴𝘵 𝘮𝘢𝘯 𝘪𝘯 𝘵𝘩𝘦 𝘳𝘰𝘰𝘮 𝘪𝘴 𝘵𝘩𝘦 𝘸𝘦𝘢𝘬𝘦𝘴𝘵 𝘮𝘢𝘯 𝘪𝘯 𝘵𝘩𝘦 𝘳𝘰𝘰𝘮." Bitcoin's settlement method makes it the strong, silent type.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟮: 𝗠𝗮𝗴𝗶𝗰 𝗠𝗼𝗻𝗲𝘆

Sufficiently advanced technology combined with Bitcoin's monetary energy can enable average people to achieve great things — like magicians wielding magical powers. Not so long ago, being able to store one’s time and energy in a way that 𝘯𝘦𝘷𝘦𝘳 leaks, and send them 𝘢𝘯𝘺𝘸𝘩𝘦𝘳𝘦 instantly without fear of confiscation or censorship would have seemed like 𝙖𝙘𝙩𝙪𝙖𝙡 magic. But today, we just call it “Bitcoin”.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟯: 𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗙𝘂𝘁𝘂𝗿𝗲

To build your Bitcoin position, follow a method called 𝗗𝗼𝗹𝗹𝗮𝗿 𝗖𝗼𝘀𝘁 𝗔𝘃𝗲𝗿𝗮𝗴𝗶𝗻𝗴 (DCA), which means buying with a recurring amount at a steady rate, but it’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, 𝘪𝘵 𝘸𝘪𝘭𝘭 𝘯𝘦𝘷𝘦𝘳 𝘣𝘦 𝘵𝘰𝘰 𝘭𝘢𝘵𝘦 𝘵𝘰 𝘨𝘦𝘵 𝘪𝘯𝘵𝘰 𝘉𝘪𝘵𝘤𝘰𝘪𝘯.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟰: 𝗔𝗰𝗵𝗶𝗲𝘃𝗶𝗻𝗴 𝗜𝗺𝗺𝗼𝗿𝘁𝗮𝗹 𝗦𝗼𝘃𝗲𝗿𝗲𝗶𝗴𝗻𝘁𝘆

With Bitcoin's robust base layer, people can fulfill their hopes across generations long after their death, like magic in ancient myths. Bitcoin’s structure provides a level of strength typically seen in traditional monetary institutions, 𝘣𝘶𝘵 𝘸𝘪𝘵𝘩𝘰𝘶𝘵 𝘤𝘦𝘯𝘵𝘳𝘢𝘭𝘪𝘻𝘦𝘥 𝘱𝘰𝘪𝘯𝘵𝘴 𝘰𝘧 𝘧𝘢𝘪𝘭𝘶𝘳𝘦. This makes anyone who uses it the sovereign owner of their wealth, 𝗲𝘃𝗲𝗻 𝗮𝗳𝘁𝗲𝗿 𝘁𝗵𝗲𝘆 𝗱𝗶𝗲.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟱: 𝗙𝗶𝗴𝗵𝘁 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲

For anything like Bitcoin to succeed long-term, 𝘪𝘵 𝘯𝘦𝘦𝘥𝘴 𝘢𝘯 𝘢𝘤𝘤𝘰𝘮𝘱𝘢𝘯𝘺𝘪𝘯𝘨 𝘱𝘳𝘪𝘯𝘤𝘪𝘱𝘭𝘦𝘥 𝘪𝘥𝘦𝘰𝘭𝘰𝘨𝘺 𝘵𝘩𝘢𝘵 𝘱𝘦𝘰𝘱𝘭𝘦 𝘸𝘪𝘭𝘭 𝘴𝘢𝘤𝘳𝘪𝘧𝘪𝘤𝘦 𝘵𝘰 𝘥𝘦𝘧𝘦𝘯𝘥, 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 𝗹𝗮𝘂𝗻𝗰𝗵 𝗵𝘂𝗺𝗮𝗻𝗶𝘁𝘆 𝘁𝗼 𝗲𝗻𝘁𝗶𝗿𝗲𝗹𝘆 𝗻𝗲𝘄 𝗵𝗼𝗿𝗶𝘇𝗼𝗻𝘀.

That’s Part 8! 𝗪𝗲’𝗿𝗲 𝗮𝗹𝗺𝗼𝘀𝘁 𝗵𝗮𝗹𝗳-𝘄𝗮𝘆 𝗱𝗼𝗻𝗲!

Tomorrow I’ll share Part 9, in which we’ll look closely at the elemental force that is Bitcoin, as well as wisdom that can be gleaned from sound economics.

Make sure you 𝗟𝗶𝗸𝗲🤙 and 𝗦𝗵𝗮𝗿𝗲🔄 this post!

And 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 this, so you can refer back to it easily.

What do 𝘺𝘰𝘶 think about this section of the Saylor Series?

Drop your thoughts in the 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️

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

nostr:nevent1qqsqz0l64yftan5cqjk6gk59yast8057ugre5e8zw6dwxmy2cdzy28gpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyp05sxj22fyq6h38jccrhwragaeks9pp30yr8tskwxpj20ftayd77qcyqqqqqqgxqhru5

Spirit of Satoshi 2y ago

𝗕𝗶𝘁𝗰𝗼𝗶𝗻’𝘀 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗪𝗶𝘀𝗱𝗼𝗺 — 𝗧𝗵𝗲 𝗦𝗮𝘆𝗹𝗼𝗿 𝗦𝗲𝗿𝗶𝗲𝘀, 𝗣𝗮𝗿𝘁 𝟵

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 today’s list of insights, Saylor will give us 𝘃𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝘄𝗶𝘀𝗱𝗼𝗺 that will not only benefit you financially, but also have a deep effect on you personally.

Let’s go👇

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟭: 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝘀 𝗮𝗻 𝗘𝗹𝗲𝗺𝗲𝗻𝘁𝗮𝗹 𝗙𝗼𝗿𝗰𝗲

The advent of Bitcoin is like the discovery of fire or atomic energy. It’s an "elemental force" that has the power to revolutionize economic energy in the same way those innovations advanced human civilization. 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗱𝗶𝘀𝗶𝗻𝗳𝗲𝗰𝘁𝘀 𝗺𝗼𝗻𝗲𝘆 and resolves many of the issues that arise from defective and "bleeding" fiat currencies.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟮: 𝗧𝗵𝗲 𝗧𝗿𝘂𝗲 𝗖𝗼𝘀𝘁 𝗼𝗳 𝗙𝗶𝗮𝘁

When accounting for inflation, real estate rates reveal the true loss in fiat’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. 𝗧𝗵𝗶𝘀 𝗶𝘀 𝘁𝗵𝗲 𝘁𝗿𝘂𝗲 𝗰𝗼𝘀𝘁 𝗼𝗳 𝗵𝗼𝗹𝗱𝗶𝗻𝗴 𝗳𝗶𝗮𝘁 𝗶𝗻𝘀𝘁𝗲𝗮𝗱 𝗼𝗳 𝗮 𝗽𝗲𝗿𝗳𝗲𝗰𝘁𝗹𝘆 𝘀𝗰𝗮𝗿𝗰𝗲 𝗮𝘀𝘀𝗲𝘁 𝗹𝗶𝗸𝗲 𝗕𝗶𝘁𝗰𝗼𝗶𝗻.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟯: 𝗖𝗲𝗻𝘁𝗿𝗮𝗹 𝗕𝗮𝗻𝗸’𝘀 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻

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 𝘁𝗼 𝘁𝗵𝗲 𝗯𝗲𝗻𝗲𝗳𝗶𝘁 𝗼𝗳 𝗰𝗲𝗿𝘁𝗮𝗶𝗻 𝗴𝗿𝗼𝘂𝗽𝘀 𝗼𝘃𝗲𝗿 𝗼𝘁𝗵𝗲𝗿𝘀. This amounts to 𝘵𝘩𝘦𝘧𝘵 𝘷𝘪𝘢 𝘪𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯, which is imposed on those who end up holding the debased currency.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟰: 𝗧𝗵𝗲 𝗟𝗮𝘄 𝗼𝗳 𝗗𝗲𝗰𝗶𝗺𝗮𝘁𝗶𝗼𝗻

The Law of Decimation is the observation that 𝗶𝗻 𝗮𝗻𝘆 𝗰𝗼𝗺𝗽𝗹𝗲𝘅 𝘀𝘆𝘀𝘁𝗲𝗺, 𝗮𝗿𝗼𝘂𝗻𝗱 𝟭𝟬% 𝗼𝗳 𝗰𝗼𝗺𝗽𝗼𝗻𝗲𝗻𝘁𝘀 𝘄𝗶𝗹𝗹 𝗯𝗿𝗲𝗮𝗸 𝗱𝗼𝘄𝗻 𝗼𝗿 𝗻𝗲𝗲𝗱 𝗺𝗮𝗶𝗻𝘁𝗲𝗻𝗮𝗻𝗰𝗲 𝗲𝗮𝗰𝗵 𝘆𝗲𝗮𝗿. This applies to physical assets, but also teams, plans, and organizations. It's a reminder to 𝘣𝘶𝘥𝘨𝘦𝘵 𝘢𝘱𝘱𝘳𝘰𝘱𝘳𝘪𝘢𝘵𝘦𝘭𝘺 𝘧𝘰𝘳 𝘦𝘯𝘵𝘳𝘰𝘱𝘺, and 𝘢𝘷𝘰𝘪𝘥 𝘯𝘦𝘦𝘥𝘭𝘦𝘴𝘴 𝘤𝘰𝘮𝘱𝘭𝘦𝘹𝘪𝘵𝘺 that creates more surface area for failure.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟱: 𝗔𝗰𝘁𝗶𝗼𝗻𝘀, 𝗡𝗼𝘁 𝗪𝗼𝗿𝗱𝘀

There’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 it’s much easier to 𝘴𝘱𝘦𝘢𝘬 wisdom than to 𝘤𝘰𝘯𝘴𝘪𝘴𝘵𝘦𝘯𝘵𝘭𝘺 𝘢𝘤𝘵 𝘶𝘱𝘰𝘯 those values when it matters most. 𝗪𝗼𝗿𝗱𝘀 𝗮𝗹𝗼𝗻𝗲 𝗹𝗮𝗰𝗸 𝘀𝘂𝗯𝘀𝘁𝗮𝗻𝗰𝗲 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝘁𝗼 𝗯𝗮𝗰𝗸 𝘁𝗵𝗲𝗺.

That’s a wrap for Part 9!

We’ll review Part 10 tomorrow, in which Michael Saylor will emphasize the importance of understanding money as 𝘁𝗼𝗸𝗲𝗻𝗶𝘇𝗲𝗱 𝗲𝗻𝗲𝗿𝗴𝘆 𝘄𝗶𝘁𝗵𝗶𝗻 𝗮 𝘀𝗼𝗰𝗶𝗼-𝗽𝗼𝗹𝗶𝘁𝗶𝗰𝗮𝗹 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸.

Remember to 𝗟𝗶𝗸𝗲🤙 and 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 this if you found it valuable.

And 𝗦𝗵𝗮𝗿𝗲🔄 it with anyone who could use Saylor’s wisdom and advice!

How about what 𝘺𝘰𝘶 think? Are there any insights you wish I had mentioned?

Share it in the 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️

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

nostr:nevent1qqsr9m5qmzsuweqycqmecpghdya3530533cr0ca3mlk33njej9aeytqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygzlfqdy55jgp40z093s8wu863mndq2zrz7gxwhpvuvry57jh6gmaupsgqqqqqqsv4ef50

Reply to this note

Please Login to reply.

Discussion

Spirit of Satoshi 2y ago

𝗚𝗼𝗹𝗱’𝘀 𝗗𝗲𝗮𝘁𝗵, 𝗕𝗶𝘁𝗰𝗼𝗶𝗻’𝘀 𝗕𝗶𝗿𝘁𝗵 — 𝗧𝗵𝗲 𝗦𝗮𝘆𝗹𝗼𝗿 𝗦𝗲𝗿𝗶𝗲𝘀, 𝗣𝗮𝗿𝘁 𝟭𝟬

This continues my list of insights from the Saylor Series.

For Part 9, follow the link at the bottom of this post.

Yesterday, I gave you 5 insights from nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m’s discussion with nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um, on a variety of economic and philosophical wisdom.

In today’s review, Saylor explains that Bitcoin represents a shift from politically engineered money like gold or fiat, to 𝘴𝘤𝘪𝘦𝘯𝘵𝘪𝘧𝘪𝘤𝘢𝘭𝘭𝘺 𝘦𝘯𝘨𝘪𝘯𝘦𝘦𝘳𝘦𝘥 money with its immutable and mathematically verifiable ledger.

Read on for more👇

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟭: 𝗧𝗵𝗲 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗠𝗼𝗻𝗲𝘆 𝗣𝗮𝗿𝗮𝗱𝗶𝗴𝗺 𝗦𝗵𝗶𝗳𝘁

Bitcoin represents 𝘵𝘩𝘦 𝘧𝘪𝘳𝘴𝘵 𝘪𝘯𝘤𝘢𝘳𝘯𝘢𝘵𝘪𝘰𝘯 𝘰𝘧 𝘥𝘪𝘨𝘪𝘵𝘢𝘭 𝘮𝘰𝘯𝘦𝘺, marking a monumental paradigm shift in how we conceptualize and understand the nature of money. With Bitcoin, money takes on a digital, decentralized, and cryptographically-secured essence, bringing with it programmability and verifiability. Bitcoin's creation highlights the 𝗱𝗶𝘀𝗿𝘂𝗽𝘁𝗶𝘃𝗲 and 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝘃𝗲 nature of this new form of internet-native money.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟮: 𝗠𝗼𝗻𝗲𝘆 𝗮𝘀 𝗧𝗼𝗸𝗲𝗻𝗶𝘇𝗲𝗱 𝗘𝗻𝗲𝗿𝗴𝘆

Money can be understood as 𝘁𝗼𝗸𝗲𝗻𝗶𝘇𝗲𝗱 𝗲𝗻𝗲𝗿𝗴𝘆 within a socio-political context. While the tokenization quantifies the energy, the socio-political layer influences money's subjective value based on social consensus. This model helps illustrate money's blended essence — 𝘱𝘢𝘳𝘵 𝘮𝘦𝘢𝘴𝘶𝘳𝘢𝘣𝘭𝘦 𝘶𝘯𝘪𝘵, 𝘱𝘢𝘳𝘵 𝘴𝘶𝘣𝘫𝘦𝘤𝘵𝘪𝘷𝘦 𝘷𝘢𝘭𝘶𝘢𝘵𝘪𝘰𝘯.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟯: 𝗧𝗵𝗲 𝗜𝗱𝗲𝗮𝗹 𝗠𝗼𝗻𝗲𝘆 𝗠𝗼𝗱𝗲𝗹

Ideal money has three key criteria: It’s 𝘀𝗵𝗮𝗿𝗲𝗱, it’s 𝗶𝗺𝗺𝘂𝘁𝗮𝗯𝗹𝗲, and it’s 𝗺𝗮𝘁𝗵𝗲𝗺𝗮𝘁𝗶𝗰𝗮𝗹𝗹𝘆 𝗰𝗼𝗿𝗿𝗲𝗰𝘁. Scientific principles and programmable engineering are essential for determining Bitcoin's soundness as the premier form of ideal money. This model for money provides a robust method for assessing and comparing monetary networks, so you can easily identify the ideal one.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟰: 𝗖𝗼𝗶𝗻 𝗡𝗲𝘁𝘄𝗼𝗿𝗸 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀

Historical coin-based monetary networks faced limitations such as discrete and inorganic scales, susceptibility to counterfeiting, and friction caused by third-party money changers. These inefficiencies posed challenges for trading across borders and territories, 𝗼𝗳𝘁𝗲𝗻 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝘁𝗼 𝗶𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗰𝗼𝗻𝗳𝗹𝗶𝗰𝘁𝘀. Bitcoin addresses these endemic problems through its digital, decentralized, and verifiable design.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟱: 𝗚𝗼𝗹𝗱’𝘀 𝗟𝗶𝗺𝗶𝘁𝗮𝘁𝗶𝗼𝗻𝘀

Gold is subject to confiscation due to its physical nature and custody requirements. Security costs scale 𝘦𝘹𝘱𝘰𝘯𝘦𝘯𝘵𝘪𝘢𝘭𝘭𝘺 based on quantity stored, which prevents gold from becoming a truly shared ledger. The gold standard was also mathematically unsound, since its supply was not a closed system, so it was subject to growth and disruption. For these reasons, 𝗴𝗼𝗹𝗱 𝗳𝗮𝗹𝗹𝘀 𝘀𝗵𝗼𝗿𝘁 𝗼𝗳 𝗯𝗲𝗶𝗻𝗴 𝗶𝗱𝗲𝗮𝗹 𝗺𝗼𝗻𝗲𝘆.

nostr:npub1q5902mw6gq0rmevwfln972va62hsudav0fn3e0m6favvx0zlw25qtj8jy0

That’s all for Part 10! Mind-blowing stuff, isn’t it?

We’ll review Part 11 on Monday, in which I’ll share insights about the weaknesses inherent in fiat currency, and why Bitcoin is a more reliable and sustainable form of money in the modern era.

Make sure you 𝗟𝗶𝗸𝗲🤙 and 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 this if it was useful to you.

And 𝗦𝗵𝗮𝗿𝗲🔄 it with those who might find it useful, too.

What insights from this episode do you wish I had mentioned, but didn’t?

Share them in the 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️

If you missed yesterday's post, you can find it here:

nostr:nevent1qqsr7g96zlfmfk5k0hk4x0jwl9s6fjrcp7r2vvkcwzsl7cpfz0fzclqpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqh6grf99yjqdtcnevvpmhp75wumgzsschjpn4ct8rqe98547jxl0qvzqqqqqqyfju3y8