Truth needn’t be defended. It is self-evident.
Everything you labeled as myth about BTC? It’s true.
Let’s parse myth and legend and lay down facts, shall we?
A Ponzi — someone must be willing to pay a price deferred in the future
for the store of value to function — the same function all belief systems are rooted in:
For BTC to function as monetary physics, Peter must pay Paul.
And both must believe they’re better for it.
The protocol breathes through diffusion —
Expanding at the margins while the center of dead coins collapses,
Like a dying star folding in on itself.
It’s entropic. It’s inevitable.
And it will continue consuming energy until its purpose is served.
Whether this purpose is good or ill is only for humanity —
And not even ours — future’s humanity to execute.
I’m envious that you still get to speak to others about Bitcoin.
I came from the underbelly — Silk Road bred.
Most I knew are locked up, or burned on exit.
I’m mostly alone now.
Cherish the companionship. I couldn't imagine how much I'd miss it
Your students. The ones who still listen.
Thank you for your service.
Warmth,
—Long


