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Phundamentals
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Author: Bitcoin for Institutions https://zeuspay.com/btc-for-institutions Co-Host of Rock-Paper-Bitcoin, Motivating the Math, Sound Coffee, and Back on the Chain podcasts Study math, be sovereign

Sorry Dawg - that’s gonna be an unfollow from me.

Before Bitcoin, the largest computer in the world was a cooperative global internet connected compute called GIMPs on a network called PrimeNet.

The project is the latest evolution of a 300+ year old search for the largest Mersenne prime number (2^n -1)

Many people devoted their entire lives to the search for a single prime number. It’s so valuable that as computers and networks were invented, people with capital immediately pointed it towards this effort.

The ability or inability to factor a large number is the basis for what we know as cryptography. It would be smart for Bitcoiners to study this part of human history.

Bitcoin changes the incentives of individuals who work at institutions. Bitcoin is capable of incentivizing an Individual in a way an institution cannot.

I think it’s the view of forever. Bitcoin will be there forever - an institution won’t. At this margin, Bitcoin wins - because institutions can’t think for themselves - they rely on the people all whom are incentivizes uniquely by Bitcoin.

Dear Dank Memes - make up your mind. I’d love to have you.

An institution, perhaps, cannot exhibit humility - therefore an institution can never HODL as a human can.

https://risk-fundamentals.ghost.io/hodling-is-a-human-action/

Bitcoiners who know me and listen to my podcast are MUCH more likely to have their kids become mathematicians than those who don’t.

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You will not only give me your earnings but you’ll pay to do so!

I’m more interested in Star Wars fans outrage over Sabine being trained to use the Force than I am in the Bitcoin Twitter shitcoin debate/

The ETF is irrelevant to Bitcoin but will begin the demise of Blackrock.

No centralized entity can maintain itself while also holding Bitcoin for its stakeholders.

Greyscale was discounted to zero. Micro strategy had their founder step down as CEO. The state we used to know as El Salvador is being dismantled before our eyes. Elon let go of the bitcoin before he allowed this rate on his institutions. The list is already large.

It’s only a matter of time before millions of people realize that a few thousand real sats in their custody is more valuable than the sum of all the IOUs they hold.

Bitcoin is for individual power, not institutional power. We will see this time and again as we see the individuals who bring Bitcoin to their institutions ultimately choose Bitcoin over their institutions.

It’s not a silent majority - it’s a censored majority

Sorry Matt but it’s ok to like your own pod enough to boost it.

The Normal Distribution is a very powerful psy-op

Few (but more than we think) <- if you get this then you can understand the original statement.

Talking to people about money who don’t understand what the Fed did is like talking to people about politics who don’t know that Kennedy was assasinated.

Apparatus for removing danger (particularly those stemming from nature) are far more dangerous than the danger itself.

Follow up to: Closed source code seeking a network effect is inherently evil:

A society that is so weak at protecting property is - of course- going to rely on fiat decrees like patents and contracts.

This will always incentivize closed source code.

It’s evil no matter how you cut it. It either complies with a tyrannical fiat or it willfully attempts to operate in opacity for nefarious purposes.

Closed source code seeking network adoption is inherently evil.

Telling someone to buy Bitcoin isn’t financial advice

Only in a money that isn’t free to use can there be a regulated idea of what to do with it.

Only good ideas get censored. Only good ideas could be considered dangerous.

Bad ideas aren’t worth the trouble

The word “extremism” is used to describe people with strong conviction.

It’s an obvious psy-op to reward a low level of conviction.