There are no Altcoins. Only Shitcoins.
Would you call a digested pizza an ‘altered’ pizza?
Much more elegant. 😎
Thanks! GM!
The rigidity of Bitcoin will reshape the global economy for the better.
But this process might not be without pain.
Fiat currencies must adapt or be diminished by Bitcoin's fixed supply and decentralized nature, exposing the flaws in endless money printing.
Just as Procrustes made travelers fit his bed, Bitcoin imposes its own rules, challenging the size and shape of monetary policy.
Bitcoin, like Procrustes' bed, forces the traditional financial system into an uncomfortable fit, stretching or cutting away at its inefficiencies.
The tale of Procrustes, a figure from Greek mythology, tells of a rogue innkeeper who would stretch or cut his guests to fit his bed. How this metaphor applies to Bitcoin in relation to Fiat:
Bitcoin is Procrustes‘ bed for Fiat.
A little 🧵
Those who tell the stories rule society.
— Plato
Here are some key parallels between the invention of the wheel and the inception of Bitcoin:
> Fundamental Breakthrough
The wheel was a revolutionary solution to the age-old problem of moving goods and people efficiently.
Bitcoin solved the long-standing question of how to create digital scarcity and transfer value without a trusted third party.
> Simplicity at the Core
A wheel’s essential principle –circular shape spinning on an axis – is so effective that any variation stays close to that basic form.
Bitcoin’s core design – decentralized ledger, Proof of Work, and capped supply – laid down a blueprint for digital money that other cryptocurrencies attempt to copy.
> Inability to “Uninvent”
Once the wheel was created, it became impossible to ignore; it changed transportation forever.
Bitcoin’s existence has irreversibly altered finance by proving that trustless, decentralized money can function on a global scale.
> Countless Imitations, One Original
Over centuries, many wheel variations have arisen (different materials, configurations), yet all trace back to the same fundamental concept.
Similarly, thousands of altcoins have emerged, but none can replicate Bitcoin’s original breakthrough: a truly decentralized system free of a central issuer.
TL;DR
Both the wheel and Bitcoin introduced revolutionary yet simple solutions – one for transportation, the other for digital finance. Their fundamental designs can’t be “uninvented” and have countless imitators, but the originals remain unparalleled in their impact and core functionality.
Sorry, political scientists, “Everything is political” doesn’t hold up in Austrian economics because markets aren’t about politics — they’re about people making voluntary choices. Trade, prices, and value come from individuals, not political agendas.
Politicizing everything messes with the natural flow of supply and demand, creates inefficiency, and forces coercion where freedom should be. Freedom and voluntary exchange work better than political control.
Start with Human Action.
Bitcoiners' neural correlate will eventually be their brain.
Bitcoin is enforced Freedom.
“Enforced freedom” is an oxymoron.
Because there might be some who do not want freedom. Blimey, these lunatics exist!
Bitcoin enforces freedom by its consensus rules and PoW. Freedom from control. If you join, you have to play by its rules.
Bitcoin deceives by NGU and enlightens by FGU*.
* Freedom Go Up
Sorry folks! Digital time travel in #Bitcoin is even more impossible than real time travel, which is saying something since we're still waiting on Doc Brown's DeLorean!
Bitcoin humiliates you.
And that is a good thing.
A very important subroutine to exit the Matrix:
Big Blockers are attracted to Shit.
Light obliterates darkness.
Bitcoin is monetary enlightenment.
