HEY #nostr fam 👋
Just dropped the 50th #bitcoin educational video for my local community! 🎉 Every repost, zap ⚡, or kind word means the world to me🙏
https://www.youtube.com/watch?v=AruaJmEaycY
Understanding Bitcoin from First Principles
* Disruptive inventions cannot be understood using only past experiences.
* Bitcoin is especially abstract, so we must ask not “What is it like?” but “What is it?”
* First-principles thinking begins with truths about human behavior and society that do not change.
1. Value is subjective
* Worth depends entirely on circumstances.
* No object has universal, inherent value.
2. History cannot be rewritten
* If the past can be changed, cause and effect break down.
* Bitcoin’s ledger is transparent, permanent, and irreversible.
3. Private property must be protected
* Banks can freeze accounts; governments can seize assets.
* Holding your own keys means controlling your digital safe.
4. Theft is wrong in all forms
* Inflation silently reduces purchasing power, acting as legalized theft.
* Bitcoin cannot be forged, printed, or seized by decree.
5. Humans need money
* Barter cannot support complex societies.
* Civilization requires a stable unit for saving, pricing, and exchanging.
6. Energy cannot appear from nowhere
* Bitcoin is created through Proof-of-Work, turning real energy into digital scarcity.
* No shortcuts or free creation of coins.
7. Concentrated power will be abused
* Governments expand debt endlessly.
* Bitcoin’s supply is fixed and cannot be changed by anyone.
8. Laws require enforcement
* Traditional systems rely on human judgment and institutions.
* Bitcoin enforces rules through math and decentralized consensus.
9. Scarcity creates long-term value
* Fiat money can be printed infinitely.
* Bitcoin’s supply is capped at 21 million.
10. Not choosing is still a choice
* Rejecting Bitcoin means remaining in a flawed system.
Conclusion
* From first principles, Bitcoin simply makes sense.
THANKS FOR READING! 🚀
#ProofOfWork #pow #BitcoinAdoption #BitcoinEducation #HongKong #Plebchain #Coffeechain #Gratefulchain #zapathon #money #v4v #unlearntolearn #grownostr
