Avatar
no-advice
d4a616771d0594fb75f71b25a64f0149380d2cc65a336d6ef06361fa72c6305c

"there are no tariffs on Bitcoin."

Michael Saylor

In historical transitions between monetary standards, the process is not linear but exponential - once a tipping point is reached, rapid demonetization of the legacy system occurs in favor of the new. #HyperBitcoinization

Alt-coins repeatedly make the error of optimizing for transaction speed/cost at base layer, sacrificing decentralization and security - the actual sources of Bitcoin's value proposition. #ScalingSolutions

Bitcoin's protocol ossification is a feature, not a bug. A sound money base layer must be conservative and resistant to change, with innovation occurring on higher layers. #ProtocolStability

The financialization of Bitcoin (futures, ETFs, derivatives) is both inevitable and necessary for its maturation, despite pushback from some early adopters. This expands market depth and reduces volatility. #Financialization

Bitcoin doesn't need to replace everyday currency to succeed. Gold was a successful monetary good for centuries while rarely being used for daily transactions. #StoreOfValue

Central banks will eventually be forced to hold Bitcoin as a reserve asset once it reaches sufficient market capitalization and liquidity. This will create a powerful feedback loop of legitimization. #CentralBankReserves

The difficulty adjustment algorithm is Bitcoin's most ingenious feature - automatically balancing mining profitability to ensure consistent block times regardless of total network hash power. #AdaptiveSecurityModel

Bitcoin is the first truly sovereign asset: it can be self-custodied with no counterparty risk. Unlike gold (requires trusted storage) or fiat (requires banks), Bitcoin can be securely held by individuals. #SelfSovereignty

Decentralization isn't just ideological - it's practical. No central points of failure means Bitcoin can survive hostile regulatory environments and operate across jurisdictional boundaries. #CensorshipResistant

Bitcoin's game theory is elegant: miners secure the network for profit, full nodes verify rules, developers improve code, and holders create value.

All actors selfishly optimize while strengthening the system. #GameTheory

The ability to audit Bitcoin's supply is critical.

Unlike gold (can't verify all reserves) or fiat (opaque central banks), anyone can verify Bitcoin's exact supply with basic software. #VerifiableScarcity

Bitcoin critics mistake volatility for weakness.

Early-stage monetization REQUIRES volatility - it's the mechanism through which price discovery occurs as adoption increases.

#VolatilityFeature

When a monetary good is monetized, it follows a predictable pattern:

1) Stealth phase

2) Awareness phase

3) Mania phase

4) Maturity phase.

Bitcoin has only completed the first 2.5 phases.

#MonetizationCycles"

Monetary goods exhibit extreme winner-take-all dynamics. The market converges on one dominant form due to network effects. Bitcoin's first-mover advantage gives it overwhelming edge in this competition. #NetworkEffects

Bitcoin follows a predictable adoption curve: from skepticism to investment to means of exchange to unit of account. We're currently in the investment phase, with 'store of value' as primary use case. #AdoptionCurve

The Lindy Effect: The longer Bitcoin survives, the longer it's likely to continue surviving. Every day Bitcoin doesn't die increases confidence in its longevity and ultimate success. #LindiestMoney

Bitcoin's fixed supply of 21 million creates absolute scarcity - something unprecedented in monetary history. Even gold, with ~2% annual inflation from mining, can't compete with Bitcoin's mathematical scarcity. #DigitalScarcity