“Grain was designated as a unit of account to calculate values and co-measure labor time and land yields for resource allocation.”
“When information piles up and is not synthesized, it becomes useless: a good bureaucrat needs to be able to compress data.”
-Temples of Enterprise, Michael Hudson
Ancient Temples and Palaces understood the importance of data compression and common denominators to facilitate exchange.
#Bitcoin compresses economic information better than anything on the planet.
Mesopotamia’s palaces/temples designated grain & silver as reference points to co-measure the wide range of txs within their institutions & larger economy for grain, textiles, beer, boat transport, & ritual services.
-Temples of Enterprise, Hudson
Ancient analog #Bitcoin.
The sounder the price signal, the more optimized in-kind barter transactions can become.
Price matrices across a wide range of goods and services facilitate more free trade.
You just need to pick a common denominator.
#Bitcoin
Big Bruv is trying to provoke Little Bruv.
Don’t fall for the trap, Little Bruv.
Big Bruv wants to pick a fight. He needs an excuse to inflict pain and steal your life from you.
Leave Big Bruv behind through the #Bitcoin Gift Shop double mids blazing.
🖕🏼😎🖕🏼
2.1 Quadrillion #Bitcoin units and 10 minutes are the two most based monetary measures on the planet today.
#Bitcoin is Lowest Common Denominator Money.
#Bitcoin is the greatest catalyst for positive sum economic activity in human history.
That’s amazing… thanks for sharing that…
The human brain requires more energy than any other organ in the human body.
Lesson in that.
“If the earliest urban zones are to be viewed as regimes, the archaic concept of regime was not our modern idea. The word is semantically related to regulate, and also reflects the idea of regularity, connoting the spirit of equity and even-handedness… the underlying spirit is one of standardization. Weights and measures are regularized, as are contractual commercial dealings. Parties are treated equally and symmetrically rather than dominated, and relations are formalized to minimize dispute.”
-Temples of Enterprise by Michael Hudson on #Bitcoin.
“To perform this neutral role, such sites tended not to develop at the center of their communities, but at boundaries or natural crossroads between diverse communities, or on islands.”
-Temples of Enterprise by Michael Hudson
Göbekli Tepe?
Ġgantija?
Ancient #Bitcoin?
“Centered on their city-temples, archaic urban sites served as neutral zones for diverse groups to come together to transact arms-length commerce under an umbrella of common agreed-upon rules.”
-Temples of Enterprise by Michael Hudson
Sounds like Ancient #Bitcoin to me.
Historically speaking, it doesn’t seem crazy to say that the Church/Religious Institutions have been better at central economic planning and resource allocation in the interest of the greater good than State-run democratic institutions…
… and then Satoshi gave us #Bitcoin.
#Bitcoin changes the center of gravity of economics in ways that make a lot of people uncomfortable, including Bitcoiners.
Let the #Bitcoin medicine do its work for another 15 years with minimal intervention, and I think humanity will be better for it… not just Bitcoiners.
The high priests & god kings of Mesopotamia understood the importance of Debt Forgiveness better than modern day rulers.
Forgive the Fugazi Fiat Debt and watch humanity flourish as we liberate millions from Debt Slavery.
Then Exit Clown World through the #Bitcoin Gift Shop.
Ancient Mesopotamian Temple complexes, with their standardized systems of weights and measures were more competent Bankers, Economic Planners, and Resource Allocators than The Fed, ECB, and BoJ are today.
What’s neat is #Bitcoin lets you be your own Ancient Temple & Bank.
There is evidence Ancient Temples played a key role in the development of standards of monetary weights and measures, commodity exchange, accounting/record keeping, personal savings accounts, and economic coordination.
#Bitcoin has ancient “religious” roots.
Once you study the economic, monetary, and accounting functions of Ancient Temples, you start to see similarities with #Bitcoin… except the #Bitcoin protocol is more robust and secure.
Ancient “Religion” was key to scaling human civilization.
And #Bitcoin is a religion.
#Bitcoin is a step function design and execution improvement over traditional economic resource allocators such as organized religions and organized governments.
#Bitcoin will help humanity allocate resources better than ever before.
If the MSTR Board of Directors and Michael Saylor want to be a high quality fiduciary to MSTR stockholders, then withdrawing all of their #Bitcoin from Coinbase Custody into a new custody solution is the lowest hanging fruit I can imagine.
Don’t let the Central Banks and Clown Lords run a Lloyd Christmas attack on your #Bitcoin. 