๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ถ๐ ๐ฎ ๐๐๐ฏ๐ฒ๐ฟ๐ป๐ฒ๐๐ถ๐ฐ ๐๐ถ๐ณ๐ฒ๐ณ๐ผ๐ฟ๐บ ๐๐ฎ๐๐ฒ๐ฑ ๐ผ๐ป ๐ก๐ฎ๐๐๐ฟ๐ฎ๐น ๐๐ฎ๐ โ ๐ง๐ต๐ฒ ๐ฆ๐ฎ๐๐น๐ผ๐ฟ ๐ฆ๐ฒ๐ฟ๐ถ๐ฒ๐, ๐ฃ๐ฎ๐ฟ๐ ๐ญ๐ฏ
This continues my review of the Saylor Series. For Part 12, follow the link at the bottom of this post.
Yesterday, I reviewed nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5mโs explanation to nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um on exactly how Bitcoin is superior to all other forms of money, and gave you 5 insights that I gleaned from it.
Today, my 5 insights will delve into the ways that ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ถ๐ ๐บ๐ผ๐ฑ๐ฒ๐น๐ฒ๐ฑ ๐ผ๐ป ๐ฐ๐ฎ๐ฝ๐ถ๐๐ฎ๐น๐ถ๐๐บ ๐ฎ๐ป๐ฑ ๐ป๐ฎ๐๐๐ฟ๐ฒ ๐ถ๐๐๐ฒ๐น๐ณ, as a competitive proof-of-work system, and as the first multi-national, self-correcting, cybernetic lifeform for money.
Letโs get started๐

๐๐ป๐๐ถ๐ด๐ต๐ #๐ญ: ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ถ๐ ๐ฆ๐ฒ๐น๐ณ-๐๐ผ๐๐ฒ๐ฟ๐ป๐ถ๐ป๐ด
The Bitcoin network governs itself, adapting to challenges through features like its difficulty adjustment. It is self-healing, self-sealing, self-upgrading, permissionless, conservative, and adaptive โ able to route around attacks and problems ๐ธ๐ช๐ต๐ฉ๐ฐ๐ถ๐ต ๐ค๐ฆ๐ฏ๐ต๐ณ๐ข๐ญ๐ช๐ป๐ฆ๐ฅ ๐ช๐ฏ๐ต๐ฆ๐ณ๐ท๐ฆ๐ฏ๐ต๐ช๐ฐ๐ฏ. This makes Bitcoin an antifragile system.
๐๐ป๐๐ถ๐ด๐ต๐ #๐ฎ: ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฅ๐ฒ๐๐ฝ๐ฒ๐ฐ๐๐ ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ ๐ฅ๐ถ๐ด๐ต๐๐
Bitcoin respects property rights and inheritance in a way no other asset does. If someone tries to coerce your Bitcoin from you, they cannot seize it if you refuse to give up the keys. And Bitcoin enables ๐ฟ๐ฒ๐น๐ถ๐ฎ๐ฏ๐น๐ฒ ๐ฝ๐ฎ๐๐๐ฎ๐ด๐ฒ ๐ผ๐ณ ๐๐ฒ๐ฎ๐น๐๐ต ๐๐ผ ๐ต๐ฒ๐ถ๐ฟ๐ per your instructions. ๐๐ฐ ๐ฐ๐ต๐ฉ๐ฆ๐ณ ๐ฑ๐ณ๐ฐ๐ฑ๐ฆ๐ณ๐ต๐บ ๐ช๐ฏ ๐ฉ๐ช๐ด๐ต๐ฐ๐ณ๐บ has allowed individuals this degree of control and autonomy.
๐๐ป๐๐ถ๐ด๐ต๐ #๐ฏ: ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฃ๐ฟ๐ผ๐บ๐ผ๐๐ฒ๐ ๐ฃ๐ฒ๐ฎ๐ฐ๐ฒ
Since Bitcoin cannot be seized by force, it changes incentives around violence and conflict. Instead of violent coercion, ๐ป๐ฒ๐ด๐ผ๐๐ถ๐ฎ๐๐ถ๐ผ๐ป๐ ๐ฎ๐ฟ๐ฒ ๐ฟ๐ฒ๐พ๐๐ถ๐ฟ๐ฒ๐ฑ ๐๐ผ ๐ฎ๐ฐ๐ฐ๐ฒ๐๐ ๐ผ๐๐ต๐ฒ๐ฟ๐' ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป, and attempts to confiscate it simply cause capital flight. This promotes ๐ฏ๐ฐ๐ฏ๐ท๐ช๐ฐ๐ญ๐ฆ๐ฏ๐ต ๐ค๐ฐ๐ฏ๐ง๐ญ๐ช๐ค๐ต ๐ณ๐ฆ๐ด๐ฐ๐ญ๐ถ๐ต๐ช๐ฐ๐ฏ, making Bitcoin a cleansing, civilizing technology.
๐๐ป๐๐ถ๐ด๐ต๐ #๐ฐ: ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป, ๐๐ฎ๐ฝ๐ถ๐๐ฎ๐น๐ถ๐๐บ, ๐ฎ๐ป๐ฑ ๐ก๐ฎ๐๐๐ฟ๐ฒ
Bitcoin's proof-of-work system ๐บ๐ถ๐ฟ๐ฟ๐ผ๐ฟ๐ ๐ฐ๐ฎ๐ฝ๐ถ๐๐ฎ๐น๐ถ๐๐บ, which itself mirrors natural order. Participants compete by doing "honest work" to earn rewards, while the difficulty adjustment is like the increased competition that wipes out profits. This tie to free market principles gives Bitcoin an ๐ข๐ฅ๐ข๐ฑ๐ต๐ช๐ท๐ฆ ๐ฏ๐ข๐ต๐ถ๐ณ๐ฆ akin to natural selection.
๐๐ป๐๐ถ๐ด๐ต๐ #๐ฑ: ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ถ๐ ๐๐๐ฏ๐ฒ๐ฟ๐ป๐ฒ๐๐ถ๐ฐ ๐๐ถ๐ณ๐ฒ
Launched into the permissionless wilds of the internet, Bitcoin is the first example of ๐๐ฒ๐น๐ณ-๐ฝ๐ฒ๐ฟ๐ฝ๐ฒ๐๐๐ฎ๐๐ถ๐ป๐ด ๐ฐ๐๐ฏ๐ฒ๐ฟ๐ป๐ฒ๐๐ถ๐ฐ ๐น๐ถ๐ณ๐ฒ, evolving dynamically through competition and automated difficulty adjustments. Like DNA passing through generations, ๐๐ช๐ต๐ค๐ฐ๐ช๐ฏ ๐ข๐ฅ๐ข๐ฑ๐ต๐ด ๐ด๐ฐ๐ค๐ช๐ข๐ญ๐ญ๐บ ๐ข๐ค๐ณ๐ฐ๐ด๐ด ๐ต๐ช๐ฎ๐ฆ, propagating its survival strategy.

And thatโs it for Part 13!
Tomorrow, Iโll report my insights from Part 14, in which Michael Saylor begins reviewing the 7 layers of Bitcoinโs security. The full overview will cover parts 14 ๐ข๐ฏ๐ฅ 15 of this series, so stay tuned for both of them!
Give this a ๐๐ถ๐ธ๐ฒ๐ค, and ๐๐ผ๐ผ๐ธ๐บ๐ฎ๐ฟ๐ธ๐ it so you can find it easily later!
And remember to ๐ฆ๐ต๐ฎ๐ฟ๐ฒ๐ it to help fall farther down the rabbit hole with you.
Wish I had said something I didnโt?
Share it in the ๐๐ผ๐บ๐บ๐ฒ๐ป๐๐โฌ๏ธ
You can find yesterdayโs post here:



