lots of money to be made in that statement
gm, don't forget:
Bitcoin’s utility as a unit of account **today** depends on what you already believe about Bitcoin.
If you are skeptical of Bitcoin, it makes no sense to use it as a unit of account.
If you believe that Bitcoin will become the world currency, it makes no sense to use anything else.
If you want to end up with as many bitcoins as possible, you should price any investments or ventures in Bitcoin.
That’s how you know if you are winning or losing against your benchmark.
> “is it going to get me more bitcoins in the future”?
-- an excerpt from the 1-minute version of Bitcoin is the Best Unit of Account (2014) https://www.2minutebitcoin.org/blog/bitcoin-is-the-best-unit-of-account
one of our best summaries just got published - www.2minutebitcoin.org/blog/bitcoin-is-about-the-money-not-the-blockchain-technology
Summarizing 4879 words (a 10 minute read) into just 2 minutes of its best insights, this time we capture a 2016 piece explaining money. Must read.
Nature always tries to sharpen its strategy to become harder, smarter, faster, stronger.
- evolution - an organic form of innovation
- innovation - an inorganic form of evolution
Nature always pursues the most energy-efficient strategy - do the most with the least effort. All inventions lead toward greater economic or energetic density.
This is also why digital gold is 100x better than gold. Gold is a rock – it never changes. Digital gold can improve on all dimensions.
-- an excerpt from the 2-minute version of Saylor Series: The Rise of Man Through the Stone and Iron Ages Episode 1 (2020), originally posted in https://www.2minutebitcoin.org/blog/saylor-series-the-rise-of-man-through-the-stone-and-iron-ages-episode-1-2020
can you give an example? that developer sounds awfully incompetent
good morning and wishes of pura vida to everybody reading this
good choice! Followed 🤙
definitely does.
it is very weird for the legal system to allow this to happen. a real red pill of how broken everything is
we are super early.
Muun does submarine swaps and the interface is awful.
this is why Bitcoiners will succeed
Do you think we will go back to low interest rates?
The trillions of dollars of central bank-driven low or negatively yielding financial instruments demolish the dreams of savers and retirees, prohibiting an enormously large and growing group of individuals from meeting their retirement wants, wishes, and — tragically — even needs.
Free money has consequences. Because it is not free.
No matter how well-intentioned, runaway global money printing, and the resulting financial repression, is society’s largest global challenge.
-- an excerpt from the Stone Ridge 2020 Shareholder Letter, its 2-minute version can be found here https://www.2minutebitcoin.org/blog/stone-ridge-2020-shareholder-letter
av
wow! now that's adoption!
exactly!
The people who study the most become maximalists.
The term is painted in a bad light because of people who are new and just jump on the bandwagon spewing maximalism.
That's good too - but don't forget it's rooted in knowledge