When is Matt Levine going to become a Bitcoin maxi. He is getting close.

"Bitcoin expresses the thesis that it would be good to have a valuable database entry without that, just something was valuable because people on the internet voluntarily agreed it was valuable, with no government or army or taxes or anything else. And it worked! That did happen. It has value due to a broad voluntary market consensus based almost entirely on itself. In some sense that consensus is fragile — if a thing is valuable only because people think that it is valuable, it could stop being valuable when they stop thinking that — but in another sense that is true of any social fact: The dollar is valuable, the King of England is the King of England, the US is a liberal democracy, etc., exactly as long as those facts command social consensus. Bitcoin got to what seems like a pretty robust consensus in 15 years. That’s just neat."