𝗧𝗵𝗲 𝗠𝗲𝗰𝗵𝗮𝗻𝗶𝗰𝘀 𝗼𝗳 𝗕𝗶𝘁𝗰𝗼𝗶𝗻’𝘀 𝗦𝘂𝗰𝗰𝗲𝘀𝘀 — 𝗧𝗵𝗲 𝗦𝗮𝘆𝗹𝗼𝗿 𝗦𝗲𝗿𝗶𝗲𝘀, 𝗣𝗮𝗿𝘁 𝟭𝟮

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:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m’s and nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um’s discussion on fiat’s many failures, and why Bitcoin is the solution.

In today’s review, I’ll cover 5 insights on 𝘸𝘩𝘺 𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘴𝘶𝘤𝘤𝘦𝘦𝘥𝘴 through its conservation, authentication, hypothecation mitigation, and integrated economic incentives.

Let’s dive in👇

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟭: 𝗦𝘁𝗿𝗼𝗻𝗴𝗲𝘀𝘁 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗥𝗶𝗴𝗵𝘁𝘀

Bitcoin's cryptography-based ownership enforced by distributed consensus represents 𝘁𝗵𝗲 𝘀𝘁𝗿𝗼𝗻𝗴𝗲𝘀𝘁 𝗳𝗼𝗿𝗺𝘂𝗹𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗿𝗶𝗴𝗵𝘁𝘀 𝗶𝗻 𝗵𝗶𝘀𝘁𝗼𝗿𝘆. 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 𝘱𝘦𝘢𝘤𝘦𝘧𝘶𝘭 conflict resolution.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟮: 𝗛𝗮𝗿𝗱𝗲𝘀𝘁 𝗔𝘀𝘀𝗲𝘁 𝘁𝗼 𝗜𝗺𝗽𝗮𝗶𝗿

Of all available stores of value, 𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘪𝘴 𝘵𝘩𝘦 𝘮𝘰𝘴𝘵 𝘥𝘪𝘧𝘧𝘪𝘤𝘶𝘭𝘵 𝘵𝘰 𝘵𝘢𝘹, 𝘥𝘦𝘴𝘵𝘳𝘰𝘺, 𝘴𝘦𝘪𝘻𝘦, 𝘰𝘳 𝘪𝘮𝘱𝘢𝘪𝘳. 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, 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗺𝗶𝗻𝗶𝗺𝗶𝘇𝗲𝘀 𝗮𝘁𝘁𝗮𝗰𝗸 𝘃𝗲𝗰𝘁𝗼𝗿𝘀 𝘁𝗵𝗮𝘁 𝘂𝗻𝗱𝗲𝗿𝗺𝗶𝗻𝗲 𝗼𝘁𝗵𝗲𝗿 𝗮𝘀𝘀𝗲𝘁𝘀.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟯: 𝗠𝗶𝘁𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝗛𝘆𝗽𝗼𝘁𝗵𝗲𝗰𝗮𝘁𝗶𝗼𝗻

By enabling users to personally control assets without centralized intermediaries, 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗿𝗲𝗱𝘂𝗰𝗲𝘀 𝗿𝗲𝗹𝗶𝗮𝗻𝗰𝗲 𝗼𝗻 𝗳𝗿𝗮𝗴𝗶𝗹𝗲 𝘁𝗿𝘂𝘀𝘁 𝘀𝘆𝘀𝘁𝗲𝗺𝘀 𝘁𝗵𝗮𝘁 𝗳𝗮𝗶𝗹 𝗱𝘂𝗲 𝘁𝗼 𝗳𝗿𝗮𝘂𝗱 𝗼𝗿 𝗶𝗻𝘀𝗼𝗹𝘃𝗲𝗻𝗰𝘆. 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 𝘱𝘶𝘯𝘪𝘴𝘩𝘦𝘴 rather than enables hypothecation.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟰: 𝗖𝘆𝗯𝗲𝗿𝘀𝗽𝗮𝗰𝗲 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆

𝘍𝘢𝘳 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 𝗽𝗿𝗲𝘀𝗲𝗻𝘁𝗹𝘆 𝗰𝗮𝗿𝗿𝘆 𝗻𝗼 𝗰𝗼𝘀𝘁𝘀. Requiring even tiny satoshi payments would 𝘳𝘢𝘥𝘪𝘤𝘢𝘭𝘭𝘺 reduce online fraud.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟱: 𝗣𝗿𝗼𝗯𝗮𝗯𝗶𝗹𝗶𝘀𝘁𝗶𝗰 𝗣𝗿𝗼𝗴𝗿𝗲𝘀𝘀

𝘕𝘰 𝘵𝘦𝘤𝘩𝘯𝘰𝘭𝘰𝘨𝘺 𝘢𝘥𝘰𝘱𝘵𝘪𝘰𝘯 𝘱𝘦𝘳𝘧𝘦𝘤𝘵𝘭𝘺 𝘧𝘰𝘭𝘭𝘰𝘸𝘴 𝘢 𝘴𝘮𝘰𝘰𝘵𝘩 𝘤𝘶𝘳𝘷𝘦, 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 𝗺𝗼𝗿𝗲 𝘂𝗻𝘀𝘁𝗼𝗽𝗽𝗮𝗯𝗹𝗲 𝗱𝗮𝗶𝗹𝘆 as understanding spreads.

And that’s it for Part 12! Bitcoin is 𝘮𝘪𝘯𝘥-𝘣𝘭𝘰𝘸𝘪𝘯𝘨, isn’t it?

Tomorrow, I’ll cover 5 insights from Part 13 of the Saylor series, in which Michael Saylor expounds on the ways that Bitcoin promotes 𝘯𝘰𝘯𝘷𝘪𝘰𝘭𝘦𝘯𝘵 𝘤𝘰𝘯𝘧𝘭𝘪𝘤𝘵 𝘳𝘦𝘴𝘰𝘭𝘶𝘵𝘪𝘰𝘯 and serves as a cleansing technology for civilization.

Be sure to 𝗟𝗶𝗸𝗲🤙 and 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 this if it brought you value.

And 𝗦𝗵𝗮𝗿𝗲🔄 it so others can find value in it, too.

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

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Yesterday’s post can be found here:

nostr:nevent1qqsg43xhw56n5f6l28chsc4aqakeyaq2eradyceg5jxax4yw5xcqy8sppemhxue69uhkummn9ekx7mp0qgs97jq6fffysr27y7trqwac04rhx6q5yx9usvawzeccxffa9053hmcrqsqqqqqpyf8lhr