Bitcoin not bombs

Spread bitcoin adoption to the point where war is no longer feasible 🧡

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Now we can allocate capital without capital being leaked away by the feds.

True capital allocation!

The first standardized gold coins began circulation at around 550 BC in the Lydian empire

Coins incurred minimal design changes until Sir Isaac Newton reimagined sovereign currency using science and philosophy

Here's how Newton changed money, and helped inspire bitcoin 👇

For over 2000 years before Newton, precious metal coins incurred theft known as coin clipping. A thief takes a pair of clippers and clips the edges of a few dozen coins. The clippings can then be melted down to form new coins.

Eventually, most of the coins became clipped, their value diminished and their function in trade lessened. It’s a challenge to find an ancient coin without evidence of clipping.

Newton discovered an elegant solution: the coin ridge

Instead of trusting in the value of the coin received, anyone could now verify that the coin was legitimate and untampered with because a clip on a ridged coin would be very noticeable

Mints around the world began implementing Newton’s design

Newton essentially invented a zero cost and instant tool for validating the legitimacy of currency used peer to peer transactions.

And we see this design philosophy also present in bitcoin!

Bitcoin recipients need a way to validate transactions at low cost. Instead of a few dozen ridges encircling a coin, bitcoiners have tens of thousands of nodes continuously monitoring the legitimacy of every transaction and minting of new bitcoin.

In many ways, Sir Isaac Newton is the great godfather of bitcoin. He was the first person to use logic, math and philosophy to reapproach sovereign currency, leading to England’s gold standard’s development, eventually leading to a global gold standard.

Although he isn’t referenced in The White Paper, we thank Newton because his invention of low cost currency security measures and the gold standard helped lay the foundation and inspiration for the bitcoin standard that we are all working towards

Time for some stomping!

The pursuit of improved margins and access to the 'top dog' commodities is a massive driving force of history and civilization

Thank you! This sounds very interesting!

incredibly historic transaction!

Who would have imagined this 8 years ago?

Full circle!

We're excited to see what you build 🧡

Dang, if he didn't get fed any of these points by his team then RFK JR truly is a bitcoin GOAT.

Does anyone know if he's made bitcoin transactions or uses bitcoin?

It was surprising to see Saylor say all that on Saif's podcast.

Perhaps Saylor is falling victim to his own success?

Could he be receiving a new form of pressure from shareholders who want him to 'cash out' and 'realize' part of bitcoin fiat gains in fiat?

Natural yield will have variance in response to supply and demand shifts.

Monumental transaction, well done! 👏

https://primal.net/e/note1z9meej6up0a2f8zn49grsuksxhvcqut4nae0m5p4nvh284yh3jvsekluz6

Latin origins remain symbolic to the words we use today

DCAing small amounts, frequently into self custody is now fast and easy! 🇨🇦

What do Sumerian tiles from the Neolithic have in common with Bitcoin? Beyond their monetary parallels, bitcoin and the Sumarian tiles share a history of innovation. But how?

Time for Bitcoin deep dive!

During the neolithic era some 8,000 years ago, human civilization in the Middle East began to proliferate. Agricultural centres started to grow and grow, sustaining increasingly larger populations.

The ancient Sumerian city of Uruk grew to become one of the world's largest ever, with a population of several thousand. As the hunter gather way of life evaporated, a new form of governance emerged; a complicated Social hierarchy - an upper class and a working class evolved.

Previously, each city or town would have an individual who would count everything, such as taxes and barter trade. Essentially, each town selected a savvy math brain to be a 'walking spreadsheet'.

However, the city's own success resulted in the demise of the ability of walking spreadsheets to track everything. Mr. Spreadsheet needed some support to remember all the debts and their form (no standard currency, remember!).

The solution?

A physical reminder to denominate the amount owed.

Mr. Spreadsheet issued tokens to depict debts owed, for example, 10 goats or 10 sheep. These 3D tokens eventually became inscribed into tablets, closely resembling written language by today's standards.

Today, we'd call these tablets a ledger or a trade log. The Sumerians invented a new form of accounting - single-entry accounting. Now, a physical trace accompanied larger-scale trade and debt balances, enabling society to better scale and coordinate capital.

How do these clay tokens relate to Bitcoin?

The clay tokens were the innovation that transitioned a society from a mental form of accounting to a more standardized form of single-entry accounting.

Single-entry accounting would remain the only way to track resources until double-entry accounting was invented in Italy some 7,500 years later, ending the era of single-entry accounting and introducing the era of double-entry accounting.

Perhaps it is a coincidence, but the invention of double-entry accounting coincided with the start of the Renaissance and intellectual revolution of the West. 🤔

Bitcoin famously ushered in a new accounting standard - triple-entry accounting. Single- and double-entry accounting increased scalability and capital coordination but was an imperfect system due to its centralization. Thus, fraud and errors were unfortunate realities.

Bitcoin's triple entry account standard enables anyone to safely transact with one another. By knowing double spending and counterfeit transactions are impossible via triple entry accounting and continuous counterfeit monitoring, bitcoin enables greater capital coordination than the eras before it.

Previously, society relied on Mr. Spreadsheet, and later centralized banks, to coordinate the movement and custody of capital. The invention of Bitcoin is as significant as the infrequency of accounting standard innovation.

Bitcoin is ushering in the third era of accounting standards by further evolving capital coordination through a perfect triple accounting model, leading to an even more preposterous era of human innovation and rising quality of life.

Thanks for letting us know you like it! We've got plenty more to come! 😁

bitcoiners are the sat of the earth 🧡

Thanks Cramer, we appreciate the vote of confidence!

"A man worth his salt" 🧂

You've heard before it, maybe you've said it yourself

But why is this expression used in admiration or respect, when a box of salt costs a couple bucks at the grocery store?

And what does salt have to do with bitcoin?

The answer may surprise you!

First, let's go back to Ancient Rome, its 100 BC

Salt is a valuable commodity

Salt frees people from the whims of the seasons by enabling long term food preparation

Salt could mean the difference between life and death

Salt production was minimal, salt was hard to obtain

Rome learned how to import salt from the Mediterranean, some say the first roman roads were built to transport salt from the sea to the capital

Roman soldiers were paid, in part, in salt. Likely a mixture of coinage and salt.

If a Roman Soldier slacked at his duties, the salt from his payment would be cut as he was 'not worth his salt'.

The latin world 'sal' means salt.

It is believed that roman soldiers were paid in salt and thats why the latin word 'salarium' is our origin for 'salary'.

Today salt is not a precious commodity.

Increased technological sophistication meant that harvesting salt became increasingly easier, increasing the amount of available salt and lowering its price.

This is the case with most commodities today, even gold.

As technology increases, stock to flow increases as well.

As bitcoiners know, an increasing stock to flow ratio can lower the per unit value of a commodity.

Bitcoin is immune to salt's downfall because increased technological sophistication cannot increase bitcoin production

Who knows, a few decades from now when bitcoin becomes the primary monetary system+unit in the world, maybe people will stop saying "a man worth his salt"

Bitcoin will be the money everyone desires.

The expression may even evolve to be:

"a man worth his sats" 🤔

Coinbase hold your bitcoin under a terms of service.

Hold your bitcoin in a wallet only you control. That your bitcoin is under held on your terms, not someone else's

The only way the US gets out is by printing a lot, fast.

Debasement is their only escape.

A few sats here, a few sats there. Next thing you know, you've got a stack!