Great Bitcoin 101 reading from nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

Spotlight takeaways:

— Bitcoin is the only decentralized peer-to-peer store of value system

— Proof of Work blockchain is electric power converted into immutable contracts

— Bitcoin may fail, depends on adoption

— Bitcoin provides an alternative to monetary inflation from centralized fiat-mills (much as gold has done historically)

One down on my bitcoin basics reading list✊📚👀🤓

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Discussion

As always. There's a blindspot in most Bitcoiners when it comes to Monero qualities.

Both Bitcoin and Monero are unique. One is slightly better suited as a store of value. The other is slightly better as a medium of exchange.

We need both for the separation of money and state while at the same time increasing individual freedom.

One without the other could lead to unwanted (dystopian) outcomes in which case the revolutionists become the new oppressors.

I have all three of #[0]’s books. I’ve read the #bitcoin standard and the fiat standard. I’m currently reading principals of economics. I highly recommend all three books!