GM Bitcoiners,

You don't need to do anything complicated

Just HODL in self-custody and you'll be winning

bitcoin is freedom money first, NGU second

Nothing about Bitcoin has changed except for the sudden 20% discount

1 BTC = 1 BTC

GM Bitcoiners 🫡

🚨 Bitcoin is ON SALE! 🚨

The only thing that changed in Bitcoin between today and a couple of weeks ago is that $200 now buys you an extra 30,000 sats 🤔

TIME TO STOCK UP!

GM!

GM bitcoiners!

Bitcoin, not crypto.

"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" 🤔

⚡ ⚡ ⚡

What do Sumerian tiles from the Neolithic have in common with Bitcoin?

Beyond their monetary parallels, bitcoin and the Sumerian 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 centers 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

Invalid transactions are impossible via triple entry accounting and continuous counterfeit monitoring, thus, 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

Bitcoiners are keen on doing pushups to make NGU but won't self-custody their sats – step it up!

Good morning Bitcoiners,

We hosted the revival of our monthly Bitcoin For Beginners webinar 🏛️

It was a huge success! 👏

Education is a key pillar of the Bitcoin journey 🔑📈

This is awesome!

Stack sats directly to self-custody for freedom and independence 🫡

Storing bitcoin in self-custody is like your taking care of your health

If you only start to care about it when things get bad, it's already too late

Take your bitcoin into self-custody BEFORE things start to get ugly; then keep stacking directly into self-custody

Storing bitcoin in self-custody is like your taking care of your health

If you only start to care about it when things get bad, it's already too late

Take your bitcoin into self-custody BEFORE things start to get ugly. Then keep stacking directly into self-custody

The ability for any centralized financial oracle to get state captured is why everyone needs to stack sats directly to self-custody. Whether its through Bitcoin Well or someone else, you literally cannot afford to keep sats on a CEX and wait... cause at any moment those sats can be seized

GM Bitcoiners,

It's free to learn about bitcoin

And it's expensive to ignore bitcoin

Choose carefully

Bitcoin is freedom!

GM!

Join us for a FREE webinar

"Bitcoin for Beginners"!

Tomorrow, Wednesday February 12, 2025

Time: 4:00 p.m. EST

Where: Online

Perfect for those new or looking to deepen their understanding of Bitcoin.

Register here: https://docs.google.com/forms/d/e/1FAIpQLSdR7XYSfZeIFzavEDO6Y177XmXq5RQ38ceEKFSju87yKgkOjA/viewform?usp=header