Good's value isn't fully understood, until Evil's lack of value is fully understood.

#Bitcoin 's value isn't fully understood, until the Dollar's lack of value is fully understood.

#Bitcoin  is like a fusion of Sound Money & Sound Price Signal.

#Bitcoin  users mostly talk about the Sound Money, which is important.

But don’t sleep on the importance of Sound Price Signal/Difficulty.

#Bitcoin ’s decentralized inputs need to produce sound money & sound signal.

What if I told you not only does intrinsic value exist, but so does extrinsic value, subjective value, objective value, numerical value, etc..?

Value is like a multi-dimensional & multi-faceted emergent phenomenon rooted in objective reality… like #Bitcoin.

Weak defense of #Bitcoin

Critic: Bitcoin doesn’t have intrinsic value.

Bitcoiner: Intrinsic value doesn’t exist.

Strong defense of #Bitcoin

Critic: Bitcoin doesn’t have intrinsic value.

Bitcoiner: Wrong. Bitcoin has intrinsic value. The Dollar doesn’t have intrinsic value.

Samuel Langhorne Clemens (1835-1910), better known to the world as Mark Twain, considered the lifelong duty of his acerbic pen—as he put it a letter of 1888, accepting an honorary MA from Yale—to be "the deriding of shams, the exposure of pretentious falsities, the laughing of stupid superstitions out of existence." It was a role which, he continued, made him "the natural enemy of royalties, nobilities, privileges and all kindred swindles, and the natural friend of human rights and human liberties," and he embraced it wholeheartedly.

https://www.prospectmagazine.co.uk/culture/57945/great-hates-4-mark-twain

It might not be perfect, but defecting would be the equivalent of the “prisoners” selling their #Bitcoin for Dollars because it’s better for them individually, but not collectively, thus everyone betrays the cause of #Bitcoin by selling back for Stockholm Syndrome Dollars

Cooperationwould be all prisoners refusing to sell their #Bitcoin for Dollars because it’s better for the collective group to cooperate.

We don’t have enough cooperation/conviction yet among #Bitcoin Plebs to NOT sell for Dollars.

Good's value isn't fully understood, until Evil's lack of value is fully understood.

#Bitcoin’s value isn't fully understood, until the Dollar's lack of value is fully understood.

Nobody said it would be easy to overcome Dollar Stockholm Syndrome or the Dollar Prisoner’s Dilemma.

#Bitcoin is not for the faint of heart.

It’s true that #Bitcoin doesn’t have any real competitors.

But it’s also true that #Bitcoin has 10,000+ Parasitic Mimics.

Stay vigilant out there.

I encourage #Bitcoin users to study the God of Spinoza.

Christian history lesson for the #Bitcoin  Plebs from Kreider's Patient Ferment:

"It was anonymous Christians, not the officially constituted leaders of the Christian communities, who were primarily responsible for Christianity's spread. Lay Christians traveled to new areas and established churches. What caused ordinary Christians to get involved in this? Often it was work. Christians followed their business opportunities... from their home areas to new areas.”

The Nyms are the primary source of power and influence in #Bitcoin.

So much easier to spread ideas and persuade when you remove Ego from the equation.

Satoshi must have understood this deeply and set an example that more #Bitcoin Plebs should follow.

To fully understand #Bitcoin Game Theory, you must accept the reality of the Dollar Prisoner’s Dilemma and Dollar Stockholm Syndrome that pretty much all of us are trapped by.

The best way to escape a prison is to fully understand the prison.

We need to scale #Bitcoin  like we need to scale the summit of Mt. Kiliminjaro, not like we need to scale the production of Flat Screen TVs.

Mount Kilimanjaro doesn’t scale.

You scale Kilimanjaro. Make the climb.

The value is at least partly derived from the lived experience.

If #Bitcoin  users succumb to our Prisoner’s Dilemma and Dollar Stockholm Syndrome, then we perish.

If we #Bitcoin users stay together, then we survive.

The classic Prisoner’s Dilemma game combined with Dollar Stockholm Syndrome explains why #Bitcoin users obsess over Dollar prices.

#Bitcoin users can either cooperate and ignore the $ price of BTC for mutual benefit or they can “defect” & sell their BTC for more $$ and individual Fiat “gains”.

Zoom out.

Satoshi ran a node.

Satoshi prioritized ideas over ego.

Satoshi solo bootstrapped the network into motion as a solo miner.

Satoshi changed when necessary.

Satoshi kept a low profile.

Satoshi’s work spoke for itself.

#Bitcoin users should strive to be more like Satoshi.

Earth Time is a measurement of Earth’s observable Proof of Work Cycles in the context of Outer Space.

#Bitcoin Time (block height) is a measurement of #Bitcoin s observable Proof of Work Cycles in the context of Earth Time.

Zoom in… then zoom out.

Study #Bitcoin.

Simple and boring old Full Reserve Banking is the optimal application of 3rd party custody as a scaling method for #Bitcoin.

It should be obvious at this point why Fractional Reserve undermines 3rd party custody as a scaling method.

#Bitcoin is a Positive Sum Game for Positive Sum People.

Trying to kill, distort, attack, embargo, isolate, or ban #Bitcoin is a Zero Sum Game for Zero Sum People.

Altruism and self-interest are not mutually exclusive.

They’re symbiotic.

Study #Bitcoin if you’d like to benefit from the symbiosis.