๐—ง๐—ต๐—ฒ ๐— ๐—ฒ๐—ฐ๐—ต๐—ฎ๐—ป๐—ถ๐—ฐ๐˜€ ๐—ผ๐—ณ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ปโ€™๐˜€ ๐—ฆ๐˜‚๐—ฐ๐—ฐ๐—ฒ๐˜€๐˜€ โ€” ๐—ง๐—ต๐—ฒ ๐—ฆ๐—ฎ๐˜†๐—น๐—ผ๐—ฟ ๐—ฆ๐—ฒ๐—ฟ๐—ถ๐—ฒ๐˜€, ๐—ฃ๐—ฎ๐—ฟ๐˜ ๐Ÿญ๐Ÿฎ

This is a continuation of my Saylor Series review. For Part 11, follow the link at the bottom of this post.

Yesterday, I gave you 5 insights from nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5mโ€™s and nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4umโ€™s discussion on fiatโ€™s many failures, and why Bitcoin is the solution.

In todayโ€™s review, Iโ€™ll cover 5 insights on ๐˜ธ๐˜ฉ๐˜บ ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ ๐˜ด๐˜ถ๐˜ค๐˜ค๐˜ฆ๐˜ฆ๐˜ฅ๐˜ด through its conservation, authentication, hypothecation mitigation, and integrated economic incentives.

Letโ€™s dive in๐Ÿ‘‡

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿญ: ๐—ฆ๐˜๐—ฟ๐—ผ๐—ป๐—ด๐—ฒ๐˜€๐˜ ๐—ฃ๐—ฟ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐˜๐˜† ๐—ฅ๐—ถ๐—ด๐—ต๐˜๐˜€

Bitcoin's cryptography-based ownership enforced by distributed consensus represents ๐˜๐—ต๐—ฒ ๐˜€๐˜๐—ฟ๐—ผ๐—ป๐—ด๐—ฒ๐˜€๐˜ ๐—ณ๐—ผ๐—ฟ๐—บ๐˜‚๐—น๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ ๐—ฝ๐—ฟ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐˜๐˜† ๐—ฟ๐—ถ๐—ด๐—ต๐˜๐˜€ ๐—ถ๐—ป ๐—ต๐—ถ๐˜€๐˜๐—ผ๐—ฟ๐˜†. Unlike physical assets, Bitcoin is highly durable, portable, divisible, verifiable, and resistant to censorship or seizure. Bitcoin's ease of custody and disappearance on death also create economic incentives for ๐˜ฑ๐˜ฆ๐˜ข๐˜ค๐˜ฆ๐˜ง๐˜ถ๐˜ญ conflict resolution.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฎ: ๐—›๐—ฎ๐—ฟ๐—ฑ๐—ฒ๐˜€๐˜ ๐—”๐˜€๐˜€๐—ฒ๐˜ ๐˜๐—ผ ๐—œ๐—บ๐—ฝ๐—ฎ๐—ถ๐—ฟ

Of all available stores of value, ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ ๐˜ช๐˜ด ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฎ๐˜ฐ๐˜ด๐˜ต ๐˜ฅ๐˜ช๐˜ง๐˜ง๐˜ช๐˜ค๐˜ถ๐˜ญ๐˜ต ๐˜ต๐˜ฐ ๐˜ต๐˜ข๐˜น, ๐˜ฅ๐˜ฆ๐˜ด๐˜ต๐˜ณ๐˜ฐ๐˜บ, ๐˜ด๐˜ฆ๐˜ช๐˜ป๐˜ฆ, ๐˜ฐ๐˜ณ ๐˜ช๐˜ฎ๐˜ฑ๐˜ข๐˜ช๐˜ณ. Physical properties have associated maintenance costs, geographic constraints, and risks ranging from natural disasters to eminent domain. Commodities and securities remain exposed to hypothecation, dilution, and counterparty risk. As natively digital money, ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—บ๐—ถ๐—ป๐—ถ๐—บ๐—ถ๐˜‡๐—ฒ๐˜€ ๐—ฎ๐˜๐˜๐—ฎ๐—ฐ๐—ธ ๐˜ƒ๐—ฒ๐—ฐ๐˜๐—ผ๐—ฟ๐˜€ ๐˜๐—ต๐—ฎ๐˜ ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ๐—บ๐—ถ๐—ป๐—ฒ ๐—ผ๐˜๐—ต๐—ฒ๐—ฟ ๐—ฎ๐˜€๐˜€๐—ฒ๐˜๐˜€.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฏ: ๐— ๐—ถ๐˜๐—ถ๐—ด๐—ฎ๐˜๐—ถ๐—ป๐—ด ๐—›๐˜†๐—ฝ๐—ผ๐˜๐—ต๐—ฒ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป

By enabling users to personally control assets without centralized intermediaries, ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ฟ๐—ฒ๐—ฑ๐˜‚๐—ฐ๐—ฒ๐˜€ ๐—ฟ๐—ฒ๐—น๐—ถ๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ผ๐—ป ๐—ณ๐—ฟ๐—ฎ๐—ด๐—ถ๐—น๐—ฒ ๐˜๐—ฟ๐˜‚๐˜€๐˜ ๐˜€๐˜†๐˜€๐˜๐—ฒ๐—บ๐˜€ ๐˜๐—ต๐—ฎ๐˜ ๐—ณ๐—ฎ๐—ถ๐—น ๐—ฑ๐˜‚๐—ฒ ๐˜๐—ผ ๐—ณ๐—ฟ๐—ฎ๐˜‚๐—ฑ ๐—ผ๐—ฟ ๐—ถ๐—ป๐˜€๐—ผ๐—น๐˜ƒ๐—ฒ๐—ป๐—ฐ๐˜†. Inherently, Bitcoin limits hypothetical ownership claims that do not match actual holdings. When withdrawals reveal such mismatches, short squeezes ensue against malfeasant counterparties. Thus, Bitcoin's architecture ๐˜ฑ๐˜ถ๐˜ฏ๐˜ช๐˜ด๐˜ฉ๐˜ฆ๐˜ด rather than enables hypothecation.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฐ: ๐—–๐˜†๐—ฏ๐—ฒ๐—ฟ๐˜€๐—ฝ๐—ฎ๐—ฐ๐—ฒ ๐—ฆ๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ถ๐˜๐˜†

๐˜๐˜ข๐˜ณ from abetting cybercrime, Bitcoin represents a key solution through its inherent need for transaction fees and ability to lock value into deposits. Malicious activities ranging from email spam to denial of service attacks ๐—ฝ๐—ฟ๐—ฒ๐˜€๐—ฒ๐—ป๐˜๐—น๐˜† ๐—ฐ๐—ฎ๐—ฟ๐—ฟ๐˜† ๐—ป๐—ผ ๐—ฐ๐—ผ๐˜€๐˜๐˜€. Requiring even tiny satoshi payments would ๐˜ณ๐˜ข๐˜ฅ๐˜ช๐˜ค๐˜ข๐˜ญ๐˜ญ๐˜บ reduce online fraud.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฑ: ๐—ฃ๐—ฟ๐—ผ๐—ฏ๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜€๐˜๐—ถ๐—ฐ ๐—ฃ๐—ฟ๐—ผ๐—ด๐—ฟ๐—ฒ๐˜€๐˜€

๐˜•๐˜ฐ ๐˜ต๐˜ฆ๐˜ค๐˜ฉ๐˜ฏ๐˜ฐ๐˜ญ๐˜ฐ๐˜จ๐˜บ ๐˜ข๐˜ฅ๐˜ฐ๐˜ฑ๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ฑ๐˜ฆ๐˜ณ๐˜ง๐˜ฆ๐˜ค๐˜ต๐˜ญ๐˜บ ๐˜ง๐˜ฐ๐˜ญ๐˜ญ๐˜ฐ๐˜ธ๐˜ด ๐˜ข ๐˜ด๐˜ฎ๐˜ฐ๐˜ฐ๐˜ต๐˜ฉ ๐˜ค๐˜ถ๐˜ณ๐˜ท๐˜ฆ, but proceeds unevenly through multiple boom and bust cycles. Given Bitcoin's profound economic implications, entirely replacing fiat monetary regimes will likely take at least another decade, absent a civilization-scale conflict or crisis scenario accelerating a systemic shift. Bitcoin, however, becomes ๐—บ๐—ผ๐—ฟ๐—ฒ ๐˜‚๐—ป๐˜€๐˜๐—ผ๐—ฝ๐—ฝ๐—ฎ๐—ฏ๐—น๐—ฒ ๐—ฑ๐—ฎ๐—ถ๐—น๐˜† as understanding spreads.

And thatโ€™s it for Part 12! Bitcoin is ๐˜ฎ๐˜ช๐˜ฏ๐˜ฅ-๐˜ฃ๐˜ญ๐˜ฐ๐˜ธ๐˜ช๐˜ฏ๐˜จ, isnโ€™t it?

Tomorrow, Iโ€™ll cover 5 insights from Part 13 of the Saylor series, in which Michael Saylor expounds on the ways that Bitcoin promotes ๐˜ฏ๐˜ฐ๐˜ฏ๐˜ท๐˜ช๐˜ฐ๐˜ญ๐˜ฆ๐˜ฏ๐˜ต ๐˜ค๐˜ฐ๐˜ฏ๐˜ง๐˜ญ๐˜ช๐˜ค๐˜ต ๐˜ณ๐˜ฆ๐˜ด๐˜ฐ๐˜ญ๐˜ถ๐˜ต๐˜ช๐˜ฐ๐˜ฏ and serves as a cleansing technology for civilization.

Be sure to ๐—Ÿ๐—ถ๐—ธ๐—ฒ๐Ÿค™ and ๐—•๐—ผ๐—ผ๐—ธ๐—บ๐—ฎ๐—ฟ๐—ธ๐Ÿ”– this if it brought you value.

And ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„ it so others can find value in it, too.

Is there something you wish I had said here in my insights?

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

Yesterdayโ€™s post can be found here:

nostr:nevent1qqsg43xhw56n5f6l28chsc4aqakeyaq2eradyceg5jxax4yw5xcqy8sppemhxue69uhkummn9ekx7mp0qgs97jq6fffysr27y7trqwac04rhx6q5yx9usvawzeccxffa9053hmcrqsqqqqqpyf8lhr

๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ถ๐˜€ ๐—ฎ ๐—–๐˜†๐—ฏ๐—ฒ๐—ฟ๐—ป๐—ฒ๐˜๐—ถ๐—ฐ ๐—Ÿ๐—ถ๐—ณ๐—ฒ๐—ณ๐—ผ๐—ฟ๐—บ ๐—•๐—ฎ๐˜€๐—ฒ๐—ฑ ๐—ผ๐—ป ๐—ก๐—ฎ๐˜๐˜‚๐—ฟ๐—ฎ๐—น ๐—Ÿ๐—ฎ๐˜„ โ€” ๐—ง๐—ต๐—ฒ ๐—ฆ๐—ฎ๐˜†๐—น๐—ผ๐—ฟ ๐—ฆ๐—ฒ๐—ฟ๐—ถ๐—ฒ๐˜€, ๐—ฃ๐—ฎ๐—ฟ๐˜ ๐Ÿญ๐Ÿฏ

This continues my review of the Saylor Series. For Part 12, follow the link at the bottom of this post.

Yesterday, I reviewed nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5mโ€™s 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 ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ถ๐˜€ ๐—บ๐—ผ๐—ฑ๐—ฒ๐—น๐—ฒ๐—ฑ ๐—ผ๐—ป ๐—ฐ๐—ฎ๐—ฝ๐—ถ๐˜๐—ฎ๐—น๐—ถ๐˜€๐—บ ๐—ฎ๐—ป๐—ฑ ๐—ป๐—ฎ๐˜๐˜‚๐—ฟ๐—ฒ ๐—ถ๐˜๐˜€๐—ฒ๐—น๐—ณ, as a competitive proof-of-work system, and as the first multi-national, self-correcting, cybernetic lifeform for money.

Letโ€™s get started๐Ÿ‘‡

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿญ: ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ถ๐˜€ ๐—ฆ๐—ฒ๐—น๐—ณ-๐—š๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—ถ๐—ป๐—ด

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 ๐˜ธ๐˜ช๐˜ต๐˜ฉ๐˜ฐ๐˜ถ๐˜ต ๐˜ค๐˜ฆ๐˜ฏ๐˜ต๐˜ณ๐˜ข๐˜ญ๐˜ช๐˜ป๐˜ฆ๐˜ฅ ๐˜ช๐˜ฏ๐˜ต๐˜ฆ๐˜ณ๐˜ท๐˜ฆ๐˜ฏ๐˜ต๐˜ช๐˜ฐ๐˜ฏ. This makes Bitcoin an antifragile system.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฎ: ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ฅ๐—ฒ๐˜€๐—ฝ๐—ฒ๐—ฐ๐˜๐˜€ ๐—ฃ๐—ฟ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐˜๐˜† ๐—ฅ๐—ถ๐—ด๐—ต๐˜๐˜€

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 ๐—ฟ๐—ฒ๐—น๐—ถ๐—ฎ๐—ฏ๐—น๐—ฒ ๐—ฝ๐—ฎ๐˜€๐˜€๐—ฎ๐—ด๐—ฒ ๐—ผ๐—ณ ๐˜„๐—ฒ๐—ฎ๐—น๐˜๐—ต ๐˜๐—ผ ๐—ต๐—ฒ๐—ถ๐—ฟ๐˜€ per your instructions. ๐˜•๐˜ฐ ๐˜ฐ๐˜ต๐˜ฉ๐˜ฆ๐˜ณ ๐˜ฑ๐˜ณ๐˜ฐ๐˜ฑ๐˜ฆ๐˜ณ๐˜ต๐˜บ ๐˜ช๐˜ฏ ๐˜ฉ๐˜ช๐˜ด๐˜ต๐˜ฐ๐˜ณ๐˜บ has allowed individuals this degree of control and autonomy.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฏ: ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ฃ๐—ฟ๐—ผ๐—บ๐—ผ๐˜๐—ฒ๐˜€ ๐—ฃ๐—ฒ๐—ฎ๐—ฐ๐—ฒ

Since Bitcoin cannot be seized by force, it changes incentives around violence and conflict. Instead of violent coercion, ๐—ป๐—ฒ๐—ด๐—ผ๐˜๐—ถ๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ฎ๐—ฟ๐—ฒ ๐—ฟ๐—ฒ๐—พ๐˜‚๐—ถ๐—ฟ๐—ฒ๐—ฑ ๐˜๐—ผ ๐—ฎ๐—ฐ๐—ฐ๐—ฒ๐˜€๐˜€ ๐—ผ๐˜๐—ต๐—ฒ๐—ฟ๐˜€' ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป, and attempts to confiscate it simply cause capital flight. This promotes ๐˜ฏ๐˜ฐ๐˜ฏ๐˜ท๐˜ช๐˜ฐ๐˜ญ๐˜ฆ๐˜ฏ๐˜ต ๐˜ค๐˜ฐ๐˜ฏ๐˜ง๐˜ญ๐˜ช๐˜ค๐˜ต ๐˜ณ๐˜ฆ๐˜ด๐˜ฐ๐˜ญ๐˜ถ๐˜ต๐˜ช๐˜ฐ๐˜ฏ, making Bitcoin a cleansing, civilizing technology.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฐ: ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป, ๐—–๐—ฎ๐—ฝ๐—ถ๐˜๐—ฎ๐—น๐—ถ๐˜€๐—บ, ๐—ฎ๐—ป๐—ฑ ๐—ก๐—ฎ๐˜๐˜‚๐—ฟ๐—ฒ

Bitcoin's proof-of-work system ๐—บ๐—ถ๐—ฟ๐—ฟ๐—ผ๐—ฟ๐˜€ ๐—ฐ๐—ฎ๐—ฝ๐—ถ๐˜๐—ฎ๐—น๐—ถ๐˜€๐—บ, 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 ๐˜ข๐˜ฅ๐˜ข๐˜ฑ๐˜ต๐˜ช๐˜ท๐˜ฆ ๐˜ฏ๐˜ข๐˜ต๐˜ถ๐˜ณ๐˜ฆ akin to natural selection.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฑ: ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ถ๐˜€ ๐—–๐˜†๐—ฏ๐—ฒ๐—ฟ๐—ป๐—ฒ๐˜๐—ถ๐—ฐ ๐—Ÿ๐—ถ๐—ณ๐—ฒ

Launched into the permissionless wilds of the internet, Bitcoin is the first example of ๐˜€๐—ฒ๐—น๐—ณ-๐—ฝ๐—ฒ๐—ฟ๐—ฝ๐—ฒ๐˜๐˜‚๐—ฎ๐˜๐—ถ๐—ป๐—ด ๐—ฐ๐˜†๐—ฏ๐—ฒ๐—ฟ๐—ป๐—ฒ๐˜๐—ถ๐—ฐ ๐—น๐—ถ๐—ณ๐—ฒ, evolving dynamically through competition and automated difficulty adjustments. Like DNA passing through generations, ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ ๐˜ข๐˜ฅ๐˜ข๐˜ฑ๐˜ต๐˜ด ๐˜ด๐˜ฐ๐˜ค๐˜ช๐˜ข๐˜ญ๐˜ญ๐˜บ ๐˜ข๐˜ค๐˜ณ๐˜ฐ๐˜ด๐˜ด ๐˜ต๐˜ช๐˜ฎ๐˜ฆ, propagating its survival strategy.

And thatโ€™s it for Part 13!

Tomorrow, Iโ€™ll report my insights from Part 14, in which Michael Saylor begins reviewing the 7 layers of Bitcoinโ€™s security. The full overview will cover parts 14 ๐˜ข๐˜ฏ๐˜ฅ 15 of this series, so stay tuned for both of them!

Give this a ๐—Ÿ๐—ถ๐—ธ๐—ฒ๐Ÿค™, and ๐—•๐—ผ๐—ผ๐—ธ๐—บ๐—ฎ๐—ฟ๐—ธ๐Ÿ”– it so you can find it easily later!

And remember to ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„ it to help fall farther down the rabbit hole with you.

Wish I had said something I didnโ€™t?

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

You can find yesterdayโ€™s post here:

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Discussion

๐—ง๐—ต๐—ฒ ๐—Ÿ๐—ฎ๐˜†๐—ฒ๐—ฟ๐˜€ ๐—ผ๐—ณ ๐—˜๐—ป๐—ฒ๐—ฟ๐—ด๐˜†-๐—ฆ๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ฒ๐—ฑ ๐— ๐—ผ๐—ป๐—ฒ๐˜๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป: ๐—ฃ๐—ฎ๐—ฟ๐˜ ๐Ÿญ โ€” ๐—ง๐—ต๐—ฒ ๐—ฆ๐—ฎ๐˜†๐—น๐—ผ๐—ฟ ๐—ฆ๐—ฒ๐—ฟ๐—ถ๐—ฒ๐˜€, ๐—ฃ๐—ฎ๐—ฟ๐˜ ๐Ÿญ๐Ÿฐ

This continues my review of the Saylor Series. For Part 13, follow the link at the bottom of this post.

Yesterday, I listed 5 of my insights based on nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5mโ€™s discussion with nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um on how #Bitcoin is the first cybernetic form of money.

Today, my insights will come from the first part of Saylorโ€™s exploration of ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ปโ€™๐˜€ ๐Ÿณ ๐—น๐—ฎ๐˜†๐—ฒ๐—ฟ๐˜€ ๐—ผ๐—ณ ๐˜€๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ถ๐˜๐˜† that protect it from disruption. These layers include its energy layer, technology layer, political layer, financial layer, network layer, spatial layer, and temporal layer.

More in my insights below๐Ÿ‘‡

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿญ: ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—•๐—ฒ๐—ณ๐—ฟ๐—ถ๐—ฒ๐—ป๐—ฑ๐˜€ ๐—˜๐—ป๐—ฒ๐—ฟ๐—ด๐˜†

Bitcoin miners are ๐˜ฆ๐˜น๐˜ต๐˜ณ๐˜ฆ๐˜ฎ๐˜ฆ๐˜ญ๐˜บ ๐˜ท๐˜ข๐˜ญ๐˜ถ๐˜ข๐˜ฃ๐˜ญ๐˜ฆ customers for energy companies, willing to pay up to 40 cents per kilowatt-hour to power their operations. This allows previously stranded or intermittent energy sources like volcanoes, waterfalls, wind, and solar to be fully monetized. ๐—ฆ๐˜‚๐—ฐ๐—ต ๐—ฝ๐—ฎ๐—ฟ๐˜๐—ป๐—ฒ๐—ฟ๐˜€๐—ต๐—ถ๐—ฝ๐˜€ ๐˜€๐—ฝ๐˜‚๐—ฟ ๐—ฟ๐—ฒ๐˜ƒ๐—ฒ๐—ป๐˜‚๐—ฒ ๐—ด๐—ฟ๐—ผ๐˜„๐˜๐—ต, ๐—ถ๐—ป๐—ป๐—ผ๐˜ƒ๐—ฎ๐˜๐—ถ๐—ผ๐—ป, ๐—ฎ๐—ป๐—ฑ ๐˜€๐˜‚๐˜€๐˜๐—ฎ๐—ถ๐—ป๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜† ๐—ถ๐—ป๐—ถ๐˜๐—ถ๐—ฎ๐˜๐—ถ๐˜ƒ๐—ฒ๐˜€ ๐—ณ๐—ผ๐—ฟ ๐˜‚๐˜๐—ถ๐—น๐—ถ๐˜๐—ถ๐—ฒ๐˜€, while securing the Bitcoin network's energy needs.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฎ: ๐—Ÿ๐—ถ๐—ด๐—ต๐˜๐—ถ๐—ป๐—ด ๐—จ๐—ฝ ๐˜๐—ต๐—ฒ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—ถ๐—ป๐—ด ๐—ช๐—ผ๐—ฟ๐—น๐—ฑ

Poorer nations with stranded energy resources can catalyze profound economic development by partnering with Bitcoin miners, unlike with data centers. ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—บ๐—ผ๐—ป๐—ฒ๐˜๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐˜„๐—ผ๐—ฟ๐—ธ๐˜€ ๐™–๐™ฃ๐™ฎ๐™ฌ๐™๐™š๐™ง๐™š ๐˜๐—ต๐—ฎ๐˜ ๐—ต๐—ฎ๐˜€ ๐—ฎ๐—ป ๐—ถ๐—ป๐˜๐—ฒ๐—ฟ๐—ป๐—ฒ๐˜ ๐—ฐ๐—ผ๐—ป๐—ป๐—ฒ๐—ฐ๐˜๐—ถ๐—ผ๐—ป, so it has the potential to uplift struggling communities. This gives hope to energy-rich but capital-poor areas.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฏ: ๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐—ผ๐—ป ๐—•๐—ฒ๐—ด๐—ฒ๐˜๐˜€ ๐—œ๐—ป๐—ป๐—ผ๐˜ƒ๐—ฎ๐˜๐—ถ๐—ผ๐—ป

Bitcoin's open-access protocol and financial incentives spur fierce competition between miners globally on procuring energy, hardware, locations, and political allies. This Darwinian, capitalistic pressure cooker cuts waste while driving rapid advances that benefit the network. This way, ๐˜ฏ๐˜ฐ ๐˜ฐ๐˜ฏ๐˜ฆ ๐˜ฎ๐˜ช๐˜ฏ๐˜ฆ๐˜ณ ๐˜ฐ๐˜ณ ๐˜ต๐˜ฆ๐˜ค๐˜ฉ๐˜ฏ๐˜ฐ๐˜ญ๐˜ฐ๐˜จ๐˜บ ๐˜ง๐˜ช๐˜ณ๐˜ฎ ๐˜ณ๐˜ฆ๐˜ต๐˜ข๐˜ช๐˜ฏ๐˜ด ๐˜ฎ๐˜ฐ๐˜ฏ๐˜ฐ๐˜ฑ๐˜ฐ๐˜ญ๐˜บ ๐˜ค๐˜ฐ๐˜ฏ๐˜ต๐˜ณ๐˜ฐ๐˜ญ ๐˜ญ๐˜ฐ๐˜ฏ๐˜จ-๐˜ต๐˜ฆ๐˜ณ๐˜ฎ.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฐ: ๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ ๐—˜๐—ป๐—ฒ๐—ฟ๐—ด๐˜†

๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ ๐˜ฆ๐˜ง๐˜ง๐˜ฆ๐˜ค๐˜ต๐˜ช๐˜ท๐˜ฆ๐˜ญ๐˜บ ๐˜ต๐˜ถ๐˜ณ๐˜ฏ๐˜ด ๐˜ฆ๐˜ฏ๐˜ฆ๐˜ณ๐˜จ๐˜บ ๐˜ช๐˜ฏ๐˜ต๐˜ฐ ๐˜ฎ๐˜ฐ๐˜ฏ๐˜ฆ๐˜บ, similar to earlier industrial commodities like aluminum. But as a digital monetary network, Bitcoinโ€™s portability, accessibility, and addressable market size vastly exceed metals. In this sense, ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ฐ๐—ผ๐˜‚๐—น๐—ฑ ๐—ฏ๐—ฒ ๐˜€๐—ฒ๐—ฒ๐—ป ๐—ฎ๐˜€ ๐—บ๐—ผ๐—ป๐—ฒ๐˜๐—ถ๐˜‡๐—ถ๐—ป๐—ด ๐—ฒ๐—น๐—ฒ๐—ฐ๐˜๐—ฟ๐—ผ๐—ป๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—ฝ๐—ต๐—ผ๐˜๐—ผ๐—ป๐˜€ ๐˜๐—ผ ๐˜๐—ต๐—ฒ๐—ถ๐—ฟ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐˜€๐˜ ๐—ฝ๐—ผ๐˜๐—ฒ๐—ป๐˜๐—ถ๐—ฎ๐—น.

๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜ #๐Ÿฑ: ๐—ฃ๐—ฎ๐˜๐—ต ๐˜๐—ผ ๐—ฃ๐—ฟ๐—ผ๐˜€๐—ฝ๐—ฒ๐—ฟ๐—ถ๐˜๐˜†

With robust, flexible, self-healing security protocols spanning from volcanoes to semiconductors, ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—บ๐—ถ๐—ป๐—ถ๐—ป๐—ด ๐—ณ๐—ฎ๐—ฐ๐—ถ๐—น๐—ถ๐˜๐—ถ๐—ฒ๐˜€ ๐—ฐ๐—ฎ๐—ป ๐˜‚๐—ป๐—น๐—ผ๐—ฐ๐—ธ ๐˜„๐—ฒ๐—ฎ๐—น๐˜๐—ต ๐—ฒ๐˜ƒ๐—ฒ๐—ป ๐—ถ๐—ป ๐—ฎ๐—ฑ๐˜ƒ๐—ฒ๐—ฟ๐˜€๐—ฒ ๐—ฒ๐—ป๐˜ƒ๐—ถ๐—ฟ๐—ผ๐—ป๐—บ๐—ฒ๐—ป๐˜๐˜€ ๐—ฎ๐—ฟ๐—ผ๐˜‚๐—ป๐—ฑ ๐˜๐—ต๐—ฒ ๐˜„๐—ผ๐—ฟ๐—น๐—ฑ. This capability uplifts communities, stabilizes human lives, and offers hope for sustainable development worldwide by meaningfully aligning incentives. ๐˜ฝ๐™ž๐™ฉ๐™˜๐™ค๐™ž๐™ฃ ๐™จ๐™ฅ๐™ง๐™š๐™–๐™™๐™จ ๐™ฅ๐™ง๐™ค๐™จ๐™ฅ๐™š๐™ง๐™ž๐™ฉ๐™ฎ.

Thatโ€™s all for Part 14, but ๐˜๐—ต๐—ถ๐˜€ ๐˜๐—ผ๐—ฝ๐—ถ๐—ฐ ๐—ถ๐˜€๐—ปโ€™๐˜ ๐—ผ๐˜ƒ๐—ฒ๐—ฟ ๐˜†๐—ฒ๐˜!

Tomorrow, Michael Saylor will continue this discussion in ๐˜๐—ต๐—ฒ ๐˜€๐—ฒ๐—ฐ๐—ผ๐—ป๐—ฑ ๐—ฝ๐—ฎ๐—ฟ๐˜ ๐—ผ๐—ณ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป'๐˜€ ๐—น๐—ฎ๐˜†๐—ฒ๐—ฟ๐˜€ ๐—ผ๐—ณ ๐—ฒ๐—ป๐—ฒ๐—ฟ๐—ด๐˜†-๐˜€๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ฒ๐—ฑ ๐—บ๐—ผ๐—ป๐—ฒ๐˜๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป.

Make sure to ๐—Ÿ๐—ถ๐—ธ๐—ฒ๐Ÿค™ this, and ๐—•๐—ผ๐—ผ๐—ธ๐—บ๐—ฎ๐—ฟ๐—ธ๐Ÿ”– it for quick reference later!

Also ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„ this so others can gain value from Saylorโ€™s wisdom, too.

Have an insight that I didnโ€™t say?

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

Yesterdayโ€™s post can be found here:

nostr:nevent1qqsy64x8t4elavl8xx2mwuh6u0t5h20gp99cl2k3q8sktja9497sr5spz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqh6grf99yjqdtcnevvpmhp75wumgzsschjpn4ct8rqe98547jxl0qvzqqqqqqylyk5me