As some of you know I believe Bitcoin can give us back monetary freedom again; that is, the right to use the money we like best.

I hold this freedom to be the single most important of them all.

And as I've said repeatedly, my ancestors in Trøndelag were probably living in the part of the civilized world in the West that managed to keep their monetary freedom the longest.

They lost it in 1050 AD with Harald Hardråde's killing of Einar Tambarskjelve.

It's beginning to sink in with me what the most important reason was:

A lowering of my ancestors' time preference, over a period of approximately two generations, or about 60 years.

This was probably enough to make them betray their simple code, which in essence said that every Trønder was obliged to kill the King who didn't rule by consent.

Once the betrayel was a fact, there was no turning back.

We ended up with which soon will be a full 1000 years of tyranny, where we have got small ruling class, and one big class of serfs.

That's a fakin big price to pay for betraying the code.

Unforgiveable.

But explainable.

Now, this change, which happened over the 60 years prior to 1050 AD, probably had everything to do with religion.

And herein lies the challenge:

Revealing this analysis in Arrow of Truth will probably make many people pissed at me.

So be it.

It's more important to learn from the story.

People being mad at me is unimportant in this perspective.

The social layer of Bitcoin is what may constitute Bitcoin's weakest link.

And if we don't learn from the past, we are bound to live with a high risk of repeaing the same mistake.

I'd rather would like to avoid that, if I could.