People attack what they don't understand.

The things you tell a child at a certain age become their entire identity.

So be careful what you tell them.

Happy new year everyone! The road is made by walking, and walking is an art.

And that's all for 2025.

Don't worry about the price of Bitcoin. Tomorrow there will be more fiat money, more gold, and more silver in the world, but there will never be more than 21 million Bitcoins.

So just sit back and enjoy the collapse of the fiat system, enjoy all the stupid situations that are created by the fiat system.

Happy 2026!

You know what would be crazy? Just deciding to skip punctuation.

Cormac McCarthy, the bestselling and Pulitzer-winning author of books like No Country For Old Men, The Road, and Blood Meridian, famously didn't like quotation marks, felt they cluttered the page, and so he didn't use them.

When dialogue happens in his novels, there are no quotes around it, and you as the reader just have to figure out when a line is narration or dialogue. He also didn't use semicolons or exclamation points or certain other forms of punctuation. While he didn't exclude commas entirely, he did minimize them, and instead used extra "ands" in place of where many other authors would use commas. He used periods normally.

His prose isn't my cup of tea, but there's no denying his success, and it goes to show that you can kind of just do things.

The role of a husband is protect and provide, but what does that actually mean?

It means the role of the husband is to fully insulate his wife from all external stressors and responsibilities so that she can focus on the children.

Over the past few days, I’ve been involved in a long debate about #Bitcoin, #money, and #economic growth. Below summarises the debate outside of the comments we have had back and forth.

What became clear is that most disagreements about Bitcoin are not really about Bitcoin.

They are about which economic framework you start from.

Two schools of thought

Most modern economics taught in universities today is derived from Keynesian and neo-Keynesian models.

In this framework:

• Money is a policy tool.

• Credit expansion is necessary for growth.

• Debt is not a problem if it funds activity.

• Inflation is tolerated, even encouraged, to stimulate spending.

• Economic health is measured primarily through GDP.

Within this model, a fixed supply monetary system looks dangerous.

If money cannot expand, the assumption is that growth will stall, liquidity will dry up, and the system will collapse under its own weight.

This is why many people instinctively conclude that Bitcoin “cannot work” as money.

There is another school of thought, often referred to as classical or Austrian economics, which starts from different assumptions. This is where Bitcoiners sit.

In this framework:

• Money is a measuring tool, not a control mechanism.

•Growth comes from productivity, innovation, and efficient coordination of capital.

• Credit should emerge from real savings, not monetary expansion.

• Inflation distorts price signals and transfers wealth.

• Falling prices due to productivity are a feature, not a failure.

From this perspective, a fixed or hard monetary base is not a limitation.

It is a discipline.

Why universities teach what they teach

Modern states operate on debt-based monetary systems. Governments, banks, and institutions depend on the ability to expand the money supply.

It is therefore not surprising that:

• Economic models that justify managed money dominate academia.

• Models that limit state discretion are treated as historical or impractical.

• Monetary failure is usually framed as “policy error,” not systemic design.

This doesn’t require malice or conspiracy.

Systems tend to teach what sustains them.

Historical evidence is often misread

Empires did not collapse because money was “too hard.”

They collapsed because money was debased.

• Rome did not fall under a fixed monetary system. It progressively reduced silver content in its coinage to fund military and state spending. Trust eroded, prices rose, and economic coordination broke down.

• Weimar Germany did not fail due to hard money, but due to rapid monetary expansion to service war debts.

• Zimbabwe did not collapse because of sanctions alone. Monetary issuance was used to paper over structural collapse, destroying the currency.

• Time and again, monetary expansion is used as a short-term solution that creates long-term instability.

Hard money systems did not “fail.”

They were abandoned when political constraints became inconvenient.

Where Bitcoin fits

Bitcoin does not ban credit.

It bans base-layer monetary manipulation.

Its base layer is slow by design because it prioritises final settlement, not throughput. This is not new. Gold functioned the same way for centuries. Higher layers always emerged on top of sound settlement layers.

Bitcoin separates:

• Money from policy

• Settlement from payments

• Value storage from discretionary issuance

When people argue that Bitcoin must adopt inflation, tail emissions, or permanent issuance to “support growth,” they are assuming growth must come from monetary expansion.

Bitcoin challenges that assumption.

It forces growth to come from:

• Better coordination

• Better incentives

• Better productivity

Why the disagreement persists

If you believe:

• Money must be managed

• Growth requires issuance

• Stability comes from flexibility

Bitcoin looks flawed.

If you believe:

• Money should constrain power

• Growth should reflect reality

• Stability comes from rules

Bitcoin looks inevitable.

This is not a debate about intelligence, credentials, or good intentions.

It is a debate about what money is allowed to do.

Bitcoin did not create this disagreement.

It simply made it impossible to ignore.

I stopped telling people to buy Bitcoin years ago.

I'm not an investor. I don't want to manage a portfolio. I certainly don't want to advise others.

I'm ok with all my eggs in one basket.

Other assets will have their days. People will point to a specific timeframe and say "I told you so!"

That's ok. Enjoy your time in the sun.

Up or down, I'm a Bitcoin holder. It has changed my life for the better in every way.

And it wouldn't have happened if I listened to everyone else's advice.

I'll always do what I think is best.

You should, too.

Cypherpunks should continue to code privacy tools and create a better society without permission, but they must do it anonymous/pseudonymous.

Take a moment today to remember that Keonne Rodriguez turned himself into prison. Where he’ll stay for the next 5 years. For writing open source privacy software.