๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ถ๐ ๐๐ถ๐ด๐ถ๐๐ฎ๐น ๐๐ผ๐น๐ฑ, ๐ฃ๐น๐๐ ๐ ๐ผ๐ฟ๐ฒ โ ๐ง๐ต๐ฒ ๐ฆ๐ฎ๐๐น๐ผ๐ฟ ๐ฆ๐ฒ๐ฟ๐ถ๐ฒ๐, ๐ฃ๐ฎ๐ฟ๐ ๐ฒ
Continuing our insights from the Saylor Series.
For Part 5, follow the link at the bottom of this post.
Last Friday, I reviewed nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5mโs comments on nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4umโs โWhat Is Moneyโ podcast, which was all about how Bitcoin is the most efficient way to channel energy through space and time.
Today weโll examine how Bitcoin is "digital gold" that is harder, smarter, stronger, and faster than physical gold.
Let's get started๐
๐๐ป๐๐ถ๐ด๐ต๐ #๐ญ: ๐จ๐ป๐๐๐ผ๐ฝ๐ฝ๐ฎ๐ฏ๐น๐ฒ ๐ฆ๐๐ฎ๐ฟ๐บ
Bitcoin is composed of adaptive software, hardware, facilities, people, and political activity that rapidly respond to threats. ๐๐โ๐ ๐น๐ถ๐ธ๐ฒ ๐ฎ ๐๐๐ฎ๐ฟ๐บ ๐ผ๐ณ ๐ฐ๐๐ฏ๐ฒ๐ฟ ๐ต๐ผ๐ฟ๐ป๐ฒ๐๐ ๐๐ต๐ฎ๐ ๐ธ๐ฒ๐ฒ๐ฝ๐ ๐ด๐ฒ๐๐๐ถ๐ป๐ด ๐บ๐ผ๐ฟ๐ฒ ๐ฝ๐ผ๐๐ฒ๐ฟ๐ณ๐๐น, reacting when attacked, and becoming more unstoppable with its defeat of each threat.
๐๐ป๐๐ถ๐ด๐ต๐ #๐ฎ: ๐ฆ๐บ๐ฎ๐ฟ๐๐ฒ๐ฟ ๐ ๐ผ๐ป๐ฒ๐
Bitcoin is programmable, allowing software to execute complex financial transactions and instruments not possible with dumb assets like gold. Bitcoinโs versatile adaptability means ๐ช๐ต ๐ค๐ข๐ฏ ๐ข๐ญ๐ด๐ฐ ๐ถ๐ฑ๐จ๐ณ๐ข๐ฅ๐ฆ ๐ธ๐ฉ๐ฆ๐ฏ ๐ฏ๐ฆ๐ฆ๐ฅ๐ฆ๐ฅ, as new ideas and potential threats emerge.
๐๐ป๐๐ถ๐ด๐ต๐ #๐ฏ: ๐๐ฒ๐บ๐ฎ๐๐ฒ๐ฟ๐ถ๐ฎ๐น๐ถ๐๐ฒ๐ฑ ๐ ๐ผ๐ป๐ฒ๐
By removing physical constraints, ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ด๐ฎ๐ถ๐ป๐ ๐๐ฟ๐ฒ๐บ๐ฒ๐ป๐ฑ๐ผ๐๐ ๐๐ฝ๐ฒ๐ฒ๐ฑ ๐ฎ๐ฑ๐๐ฎ๐ป๐๐ฎ๐ด๐ฒ๐ over gold for transmitting value. Faster settlement times allow for those who deliver goods and services to do so far more rapidly, and ๐ฆ๐ท๐ฆ๐ฏ ๐ง๐ฐ๐ณ ๐ด๐ต๐ณ๐ฆ๐ข๐ฎ๐ช๐ฏ๐จ ๐ด๐ฆ๐ณ๐ท๐ช๐ค๐ฆ๐ด like subscriptions to be paid for with microtransactions.
๐๐ป๐๐ถ๐ด๐ต๐ #๐ฐ: ๐ฆ๐๐ฟ๐ฒ๐ป๐ด๐๐ต ๐ณ๐ฟ๐ผ๐บ ๐ฃ๐ฎ๐ถ๐ป
๐๐ข๐ช๐ฏ ๐ข๐ฏ๐ฅ ๐ด๐ต๐ณ๐ฆ๐ด๐ด๐ฐ๐ณ๐ด ๐ข๐ณ๐ฆ ๐ค๐ณ๐ช๐ต๐ช๐ค๐ข๐ญ ๐ด๐ช๐จ๐ฏ๐ข๐ญ๐ด ๐ง๐ฐ๐ณ ๐๐ช๐ต๐ค๐ฐ๐ช๐ฏ'๐ด ๐ฆ๐ท๐ฐ๐ญ๐ถ๐ต๐ช๐ฐ๐ฏ. Like an organism, ๐๐ต๐ฒ ๐บ๐ผ๐ฟ๐ฒ ๐ถ๐๐ ๐ฎ๐๐๐ฎ๐ฐ๐ธ๐ฒ๐ฑ, ๐ฎ๐ป๐ฑ ๐๐ต๐ฒ ๐ต๐ถ๐ด๐ต๐ฒ๐ฟ ๐ถ๐๐ ๐๐ฟ๐ฎ๐ณ๐ณ๐ถ๐ฐ ๐ฏ๐ผ๐๐ต ๐ผ๐ป ๐ฎ๐ป๐ฑ ๐ผ๐ณ๐ณ ๐ฐ๐ต๐ฎ๐ถ๐ป, ๐๐ต๐ฒ ๐๐๐ฟ๐ผ๐ป๐ด๐ฒ๐ฟ ๐ถ๐ ๐ด๐ฒ๐๐. Those who run and protect its protocol are incentivized to adjust as necessary, which keeps Bitcoin adaptable and resilient.
๐๐ป๐๐ถ๐ด๐ต๐ #๐ฑ: ๐๐ฎ๐ฟ๐ฑ๐ฒ๐ฟ ๐๐ต๐ฎ๐ป ๐ฎ ๐ ๐ผ๐๐ป๐๐ฎ๐ถ๐ป
Gold is a static, dumb rock. Throughout history, humans have shown that, ๐ด๐ถ๐๐ฒ๐ป ๐ฒ๐ป๐ผ๐๐ด๐ต ๐๐ถ๐บ๐ฒ, ๐๐ต๐ฒ๐ ๐ฐ๐ฎ๐ป ๐บ๐ผ๐๐ฒ ๐บ๐ผ๐๐ป๐๐ฎ๐ถ๐ป๐. Bitcoin is a prime example of that. It is ๐ฅ๐บ๐ฏ๐ข๐ฎ๐ช๐ค and ๐ข๐ฅ๐ข๐ฑ๐ต๐ช๐ท๐ฆ, which makes it fundamentally different to gold, and resistant to a similar fate.
Thatโs it for Part 6!
Come back tomorrow for Part 7, in which Michael Saylor discusses the ๐๐ถ๐ฟ๐๐๐ฒ๐ of ๐๐๐ฟ๐ผ๐ป๐ด money.
Be sure to ๐๐ถ๐ธ๐ฒ๐ค this and ๐ฆ๐ต๐ฎ๐ฟ๐ฒ๐ it with those who still prefer physical gold.
And ๐๐ผ๐ผ๐ธ๐บ๐ฎ๐ฟ๐ธ๐ this if you found it interesting.
What are your opinions on this topic?
Let me know in the ๐ฐ๐ผ๐บ๐บ๐ฒ๐ป๐๐โฌ๏ธ
If you havenโt read the previous list of Saylor insights, you can read it here:
