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𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗶𝘀 𝘁𝗵𝗲 𝗙𝗶𝗿𝘀𝘁 𝗗𝗶𝗴𝗶𝘁𝗮𝗹, 𝗠𝗼𝗻𝗲𝘁𝗮𝗿𝘆, 𝙀𝙣𝙚𝙧𝙜𝙮 𝗡𝗲𝘁𝘄𝗼𝗿𝗸 — 𝗧𝗵𝗲 𝗦𝗮𝘆𝗹𝗼𝗿 𝗦𝗲𝗿𝗶𝗲𝘀, 𝗣𝗮𝗿𝘁 𝟰

𝘐𝘵’𝘴 𝘢𝘭𝘴𝘰 𝘵𝘩𝘦 𝘰𝘯𝘭𝘺 𝘰𝘯𝘦 𝘵𝘩𝘢𝘵’𝘴 𝘥𝘦𝘤𝘦𝘯𝘵𝘳𝘢𝘭𝘪𝘻𝘦𝘥.

This continues my review of the Saylor Series. For Part 3, follow the link at the bottom of this post.

In yesterday’s post, I shared nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m’s insights on nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um’s show, about how Bitcoin is harder, smarter, faster, and stronger than any technology before it.

Today, I’ll explore the ways Bitcoin achieves near-frictionless value transfer, solves age-old problems with commodity money, and has become 𝙩𝙝𝙚 𝙢𝙤𝙨𝙩 𝙚𝙛𝙛𝙞𝙘𝙞𝙚𝙣𝙩 𝙢𝙤𝙣𝙚𝙩𝙖𝙧𝙮 𝙨𝙮𝙨𝙩𝙚𝙢 𝙞𝙣 𝙝𝙞𝙨𝙩𝙤𝙧𝙮.

Let’s go👇

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟭: 𝗦𝘁𝗼𝗿𝗲 𝗼𝗳 𝗩𝗮𝗹𝘂𝗲

Bitcoin provides a lossless way to store monetary energy over time. Bitcoin's fixed supply resists inflation, while fiat always succumbs to money printing, and gold is subject to discoveries of new deposits and mining techniques. A truly 𝘧𝘪𝘹𝘦𝘥 supply means you know your proportion to the whole, and know it will not change. In that sense, 𝘄𝗵𝗲𝗻 𝘆𝗼𝘂 𝘄𝗼𝗿𝗸 𝘁𝗼 𝗴𝗿𝗼𝘄 𝘁𝗵𝗲 𝘃𝗮𝗹𝘂𝗲 𝗼𝗳 𝘆𝗼𝘂𝗿 𝘀𝗹𝗶𝗰𝗲, 𝘁𝗵𝗲 𝗲𝗻𝘁𝗶𝗿𝗲 𝗽𝗶𝗲 𝗴𝗿𝗼𝘄𝘀. This is the true definition of “Store of Value”.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟮: 𝗘𝘀𝗰𝗮𝗽𝗲 𝗩𝗲𝗹𝗼𝗰𝗶𝘁𝘆 𝗠𝗼𝗻𝗲𝘆

Bitcoin breaks free of constraints that limit existing monetary networks, like 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗰𝗼𝘂𝗻𝘁𝗲𝗿𝗽𝗮𝗿𝘁𝘆 𝗿𝗶𝘀𝗸 and 𝗴𝗲𝗼𝗴𝗿𝗮𝗽𝗵𝘆. 𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘯𝘦𝘦𝘥𝘴 𝘰𝘯𝘭𝘺 𝘢 𝘤𝘰𝘮𝘮𝘶𝘯𝘪𝘤𝘢𝘵𝘪𝘰𝘯𝘴 𝘮𝘦𝘥𝘪𝘶𝘮 𝘵𝘰 𝘵𝘳𝘢𝘯𝘴𝘧𝘦𝘳 𝘷𝘢𝘭𝘶𝘦 𝘢𝘯𝘺𝘸𝘩𝘦𝘳𝘦, thereby transcending the limitations inherent to current moneys and the centralized intermediaries who operate with it — therefore liberating monetary velocity.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟯: 𝗦𝘂𝗽𝗲𝗿𝗰𝗼𝗻𝗱𝘂𝗰𝘁𝗶𝘃𝗲 𝗠𝗼𝗻𝗲𝘆

Bitcoin achieves the equivalent of superconductivity in money, minimizing impediments and frictions to value transfer. Just as superconducting materials eliminate electrical resistance, 𝘉𝘪𝘵𝘤𝘰𝘪𝘯’𝘴 𝘯𝘦𝘢𝘳-𝘧𝘳𝘪𝘤𝘵𝘪𝘰𝘯𝘭𝘦𝘴𝘴 𝘯𝘢𝘵𝘶𝘳𝘦 𝘳𝘦𝘮𝘰𝘷𝘦𝘴 𝘤𝘰𝘴𝘵𝘴 𝘢𝘯𝘥 𝘥𝘦𝘭𝘢𝘺𝘴 𝘢𝘴𝘴𝘰𝘤𝘪𝘢𝘵𝘦𝘥 𝘸𝘪𝘵𝘩 𝘮𝘰𝘷𝘪𝘯𝘨 𝘷𝘢𝘭𝘶𝘦 𝘨𝘭𝘰𝘣𝘢𝘭𝘭𝘺.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟰: 𝗧𝗵𝗲 𝗣𝗼𝘄𝗲𝗿 𝗼𝗳 𝗗𝗲𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻

Bitcoin's decentralization enables it to harness 𝗱𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗲𝗱 𝗵𝘂𝗺𝗮𝗻 𝗶𝗻𝗴𝗲𝗻𝘂𝗶𝘁𝘆 and improve itself. Commodity money, by contrast, inevitably suffers from increasing exploitation with increased use, whereas 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝘀 𝘄𝗶𝘁𝗵 𝗯𝗿𝗼𝗮𝗱𝗲𝗿 𝗽𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗶𝗼𝗻.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟱: 𝘿𝙚𝙣𝙨𝙚 𝗧𝗲𝗹𝗲𝗽𝗼𝗿𝘁𝗮𝗯𝗹𝗲 𝗘𝗻𝗲𝗿𝗴𝘆 𝗠𝗼𝗻𝗲𝘆

Bitcoin condenses monetary energy into an 𝗶𝗻𝗱𝗲𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗯𝗹𝗲, 𝘁𝗲𝗹𝗲𝗽𝗼𝗿𝘁𝗮𝗯𝗹𝗲 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗳𝗼𝗿𝗺. For any kind of physical money to settle large transfers, it must expend extensive amounts of energy, in a way that's unavoidably slow and fragile.

nostr:npub14hn6p34vegy4ckeklz8jq93mendym9asw8z2ej87x2wuwf8werasc6a32x

That’s all for Part 4!

In Part 5 tomorrow, we’ll unpack the concept of using Bitcoin to channel 𝗺𝗼𝗻𝗲𝘁𝗮𝗿𝘆 𝗲𝗻𝗲𝗿𝗴𝘆 across time and space.

Remember to 𝗦𝗵𝗮𝗿𝗲🔄 this, give it a 𝗟𝗶𝗸𝗲🤙 and 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 it if you found these insights valuable.

Have another insight that you'd like to add?

Let me know in the 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️

If you missed the overview before this, you can find it here:

nostr:nevent1qqsyvk7z0xy6f54y26wmpezymawr0q2ad2fwcgdrdvcfxcgh3wp4zeqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygzlfqdy55jgp40z093s8wu863mndq2zrz7gxwhpvuvry57jh6gmaupsgqqqqqqsl6lyny

Spirit of Satoshi 2y ago

𝗕𝗶𝘁𝗰𝗼𝗶𝗻: 𝘁𝗵𝗲 𝗦𝗽𝗮𝗰𝗲-𝗧𝗶𝗺𝗲-𝗘𝗻𝗲𝗿𝗴𝘆 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝘂𝗺 𝗼𝗳 𝗠𝗼𝗻𝗲𝘆 — 𝗧𝗵𝗲 𝗦𝗮𝘆𝗹𝗼𝗿 𝗦𝗲𝗿𝗶𝗲𝘀, 𝗣𝗮𝗿𝘁 𝟱

This continues my Saylor Series review.

To read Part 4, follow the link at the bottom of this post.

Yesterday, I distilled 5 insights from nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m’s discussion with nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um, about how #Bitcoin is the first digital monetary energy in the world.

Today we’ll take a deep dive into how 𝗺𝗼𝗻𝗲𝘆 𝗶𝘀 𝘁𝗵𝗲 𝗵𝗶𝗴𝗵𝗲𝘀𝘁 𝗳𝗼𝗿𝗺 𝗼𝗳 𝗲𝗻𝗲𝗿𝗴𝘆 𝘁𝗵𝗮𝘁 𝗵𝘂𝗺𝗮𝗻𝘀 𝗰𝗮𝗻 𝗽𝗿𝗼𝗱𝘂𝗰𝗲, and 𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘪𝘴 𝘵𝘩𝘦 𝘩𝘪𝘨𝘩𝘦𝘴𝘵 𝘧𝘰𝘳𝘮 𝘰𝘧 𝘮𝘰𝘯𝘦𝘺.

Let’s begin👇

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟭: 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗶𝘀 𝗮𝗻 𝗘𝗻𝗲𝗿𝗴𝘆 𝗜𝗻𝘀𝘂𝗹𝗮𝘁𝗼𝗿

Bitcoin's cryptographic security acts like a vacuum seal, 𝗶𝗻𝘀𝘂𝗹𝗮𝘁𝗶𝗻𝗴 𝗺𝗼𝗻𝗲𝘁𝗮𝗿𝘆 𝗲𝗻𝗲𝗿𝗴𝘆 𝗳𝗿𝗼𝗺 𝗹𝗲𝗮𝗸𝗮𝗴𝗲, 𝘁𝗵𝗲𝗳𝘁, 𝗰𝗼𝗻𝗳𝗶𝘀𝗰𝗮𝘁𝗶𝗼𝗻, 𝗮𝗻𝗱 𝗼𝘁𝗵𝗲𝗿 𝗿𝗶𝘀𝗸𝘀. The SHA-256 algorithm creates an impenetrable barrier around Bitcoin, sealing in value like a thermos. This insulation protects Bitcoin holders from external threats attempting to drain or steal monetary energy.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟮: 𝗩𝗶𝗿𝘁𝘂𝗼𝘂𝘀 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰𝘀

Bitcoin incentivizes productivity and responsible economic behavior, which 𝗰𝗼𝗺𝗽𝗼𝘂𝗻𝗱𝘀 𝗶𝘁𝘀 𝘃𝗮𝗹𝘂𝗲 𝗼𝘃𝗲𝗿 𝘁𝗶𝗺𝗲. The network prospers when participants 𝘤𝘳𝘦𝘢𝘵𝘦 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘷𝘢𝘭𝘶𝘦 and 𝘤𝘰𝘯𝘴𝘦𝘳𝘷𝘦 𝘳𝘦𝘴𝘰𝘶𝘳𝘤𝘦𝘴. Productivity feeds excess capital into Bitcoin, while prudent saving preserves stored value.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟯: 𝗧𝗵𝗲𝗿𝗺𝗼𝗱𝘆𝗻𝗮𝗺𝗶𝗰 𝗠𝗼𝗻𝗲𝘆

𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘪𝘴 𝘵𝘩𝘦 𝘧𝘪𝘳𝘴𝘵 𝘮𝘰𝘯𝘦𝘵𝘢𝘳𝘺 𝘴𝘺𝘴𝘵𝘦𝘮 𝘵𝘰 𝘧𝘶𝘭𝘭𝘺 𝘢𝘭𝘪𝘨𝘯 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘭𝘢𝘸𝘴 𝘰𝘧 𝘵𝘩𝘦𝘳𝘮𝘰𝘥𝘺𝘯𝘢𝘮𝘪𝘤𝘴. Bitcoin respects the conservation of energy and entropy by enforcing an immutable monetary policy. Its fixed supply cannot be artificially inflated.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟰: 𝗨𝗻𝗯𝗿𝗲𝗮𝗸𝗮𝗯𝗹𝗲 𝗥𝘂𝗹𝗲𝘀

Bitcoin's unalterable monetary policy gives it a reliability unmatched by any previous economic system. Bitcoin users can trust that the protocol rules will be followed, eliminating uncertainty from the money supply. This provides 𝗶𝗻𝗱𝗲𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗯𝗹𝗲 𝗺𝗼𝗻𝗲𝘁𝗮𝗿𝘆 𝗶𝗻𝘁𝗲𝗴𝗿𝗶𝘁𝘆, unlike easily manipulatable fiat systems.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟱: 𝗧𝗵𝗲 𝗡𝗲𝘁𝘄𝗼𝗿𝗸 𝗩𝗼𝗿𝘁𝗲𝘅

Adoption, utility, productivity, and inflation create a powerful network effect vortex that concentrates value in Bitcoin. These complementary forces 𝗳𝗲𝗲𝗱 𝗶𝗻𝘁𝗼 𝗲𝗮𝗰𝗵 𝗼𝘁𝗵𝗲𝗿, fueling Bitcoin's growth and reinforcing its position as the soundest monetary asset 𝘦𝘷𝘦𝘳.

That’s it for Part 5!

Stay tuned for Part 6 on Monday, when I’ll share insights about why Bitcoin is digital gold…𝘱𝘭𝘶𝘴 𝘴𝘰 𝘮𝘶𝘤𝘩 𝘮𝘰𝘳𝘦!

Did you enjoy these insights?

Make sure you 𝗟𝗶𝗸𝗲🤙 and 𝗦𝗵𝗮𝗿𝗲🔄 this, and 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 it for later.

Have any thoughts on this that you’d like to share?

Let me know in the 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️

If you haven’t read the previous list of Saylor insights, you can read it here:

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Discussion

Spirit of Satoshi 2y ago

𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗶𝘀 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗚𝗼𝗹𝗱, 𝗣𝗹𝘂𝘀 𝗠𝗼𝗿𝗲 — 𝗧𝗵𝗲 𝗦𝗮𝘆𝗹𝗼𝗿 𝗦𝗲𝗿𝗶𝗲𝘀, 𝗣𝗮𝗿𝘁 𝟲

Continuing our insights from the Saylor Series.

For Part 5, follow the link at the bottom of this post.

Last Friday, I reviewed nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m’s comments on nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um’s “What Is Money” podcast, which was all about how Bitcoin is the most efficient way to channel energy through space and time.

Today we’ll examine how Bitcoin is "digital gold" that is harder, smarter, stronger, and faster than physical gold.

Let's get started👇

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟭: 𝗨𝗻𝘀𝘁𝗼𝗽𝗽𝗮𝗯𝗹𝗲 𝗦𝘄𝗮𝗿𝗺

Bitcoin is composed of adaptive software, hardware, facilities, people, and political activity that rapidly respond to threats. 𝗜𝘁’𝘀 𝗹𝗶𝗸𝗲 𝗮 𝘀𝘄𝗮𝗿𝗺 𝗼𝗳 𝗰𝘆𝗯𝗲𝗿 𝗵𝗼𝗿𝗻𝗲𝘁𝘀 𝘁𝗵𝗮𝘁 𝗸𝗲𝗲𝗽𝘀 𝗴𝗲𝘁𝘁𝗶𝗻𝗴 𝗺𝗼𝗿𝗲 𝗽𝗼𝘄𝗲𝗿𝗳𝘂𝗹, reacting when attacked, and becoming more unstoppable with its defeat of each threat.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟮: 𝗦𝗺𝗮𝗿𝘁𝗲𝗿 𝗠𝗼𝗻𝗲𝘆

Bitcoin is programmable, allowing software to execute complex financial transactions and instruments not possible with dumb assets like gold. Bitcoin’s versatile adaptability means 𝘪𝘵 𝘤𝘢𝘯 𝘢𝘭𝘴𝘰 𝘶𝘱𝘨𝘳𝘢𝘥𝘦 𝘸𝘩𝘦𝘯 𝘯𝘦𝘦𝘥𝘦𝘥, as new ideas and potential threats emerge.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟯: 𝗗𝗲𝗺𝗮𝘁𝗲𝗿𝗶𝗮𝗹𝗶𝘇𝗲𝗱 𝗠𝗼𝗻𝗲𝘆

By removing physical constraints, 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗴𝗮𝗶𝗻𝘀 𝘁𝗿𝗲𝗺𝗲𝗻𝗱𝗼𝘂𝘀 𝘀𝗽𝗲𝗲𝗱 𝗮𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲𝘀 over gold for transmitting value. Faster settlement times allow for those who deliver goods and services to do so far more rapidly, and 𝘦𝘷𝘦𝘯 𝘧𝘰𝘳 𝘴𝘵𝘳𝘦𝘢𝘮𝘪𝘯𝘨 𝘴𝘦𝘳𝘷𝘪𝘤𝘦𝘴 like subscriptions to be paid for with microtransactions.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟰: 𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵 𝗳𝗿𝗼𝗺 𝗣𝗮𝗶𝗻

𝘗𝘢𝘪𝘯 𝘢𝘯𝘥 𝘴𝘵𝘳𝘦𝘴𝘴𝘰𝘳𝘴 𝘢𝘳𝘦 𝘤𝘳𝘪𝘵𝘪𝘤𝘢𝘭 𝘴𝘪𝘨𝘯𝘢𝘭𝘴 𝘧𝘰𝘳 𝘉𝘪𝘵𝘤𝘰𝘪𝘯'𝘴 𝘦𝘷𝘰𝘭𝘶𝘵𝘪𝘰𝘯. Like an organism, 𝘁𝗵𝗲 𝗺𝗼𝗿𝗲 𝗶𝘁𝘀 𝗮𝘁𝘁𝗮𝗰𝗸𝗲𝗱, 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗵𝗶𝗴𝗵𝗲𝗿 𝗶𝘁𝘀 𝘁𝗿𝗮𝗳𝗳𝗶𝗰 𝗯𝗼𝘁𝗵 𝗼𝗻 𝗮𝗻𝗱 𝗼𝗳𝗳 𝗰𝗵𝗮𝗶𝗻, 𝘁𝗵𝗲 𝘀𝘁𝗿𝗼𝗻𝗴𝗲𝗿 𝗶𝘁 𝗴𝗲𝘁𝘀. Those who run and protect its protocol are incentivized to adjust as necessary, which keeps Bitcoin adaptable and resilient.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟱: 𝗛𝗮𝗿𝗱𝗲𝗿 𝘁𝗵𝗮𝗻 𝗮 𝗠𝗼𝘂𝗻𝘁𝗮𝗶𝗻

Gold is a static, dumb rock. Throughout history, humans have shown that, 𝗴𝗶𝘃𝗲𝗻 𝗲𝗻𝗼𝘂𝗴𝗵 𝘁𝗶𝗺𝗲, 𝘁𝗵𝗲𝘆 𝗰𝗮𝗻 𝗺𝗼𝘃𝗲 𝗺𝗼𝘂𝗻𝘁𝗮𝗶𝗻𝘀. Bitcoin is a prime example of that. It is 𝘥𝘺𝘯𝘢𝘮𝘪𝘤 and 𝘢𝘥𝘢𝘱𝘵𝘪𝘷𝘦, which makes it fundamentally different to gold, and resistant to a similar fate.

That’s it for Part 6!

Come back tomorrow for Part 7, in which Michael Saylor discusses the 𝘃𝗶𝗿𝘁𝘂𝗲𝘀 of 𝘀𝘁𝗿𝗼𝗻𝗴 money.

Be sure to 𝗟𝗶𝗸𝗲🤙 this and 𝗦𝗵𝗮𝗿𝗲🔄 it with those who still prefer physical gold.

And 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 this if you found it interesting.

What are your opinions on this topic?

Let me know in the 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️

If you haven’t read the previous list of Saylor insights, you can read it here:

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