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I do not know how much gold is in the earth’s crust or in passing asteroids, but I do know how many Bitcoin there are: 21 million. https://aidaily.co.uk/articles/artificial-intelli…

“All models are wrong, but some are useful.” - George Box

Miners block rewards will be reduced in half from 12.24 BTC to 6.12. In theory this reduces overall sell pressure on BTC in a key time when Bitcoin's narrative is maturing and adop…

Update: Fed just committed to unlimited liquidity injections through money creation. USD debasement is now a guarantee. Welcome to the new normal. https://twitter.com/apompliano/st…

You missed the point. Holders of gold maintain custody at risk of physical confiscation. Holders of Bitcoin maintain custody (of the password that allows spending said Bitcoin) and…

You might find this long-form article attempting to make an argument against “bitcoin has no intrinsic value” skepticism: https://medium.com/coinmonks/bitcoin-has-no-intrinsic-valu…

You think the internet is going to be compartmentalized before USD is devalued? Fed is printing $4T this week!

You just described every single investment. :)

Batching by definition consolidates the throughput to fewer transactions. That's what I mean with that (unprecise) example.

https://medium.com/@100trillionUSD/modeling-bitcoins-value-w...

Bingo. Populations tend to the hardest money. Bitcoin cannot be undiscovered.

This is wishful thinking. I will be surprised if central banks don’t use the ushering in of the next monetary system as an excuse to go full-stop 100% digital. I get the sense you …

So which is more likely: severe debasement of USD or the devolving of the global internet (ala an increase of firewall-ism by nation states)?

Obviously $1T is meant to by hyperbole. Still, it’s not that outlandish. $500M transferred for less than $400 on 7/29/19 - https://twitter.com/whale_alert/status/115580884790854451…

Does it feel like I’m arguing that point? I’m not. Speculation is by definition gambling. Investing is also speculation. You have a thesis, and you make returns if that plays out. …

Bitcoin would work similarly, but with far less trust in centralized institutions. Today, central banks acts as a final settlement later upon which the rest of the financial system…

This is an interesting scenario worth thinking through. If Bitcoin is forced to go split-brain temporarily, the network could coordinate to rejoin after the fact. Or, it could stay…

Single points of failure? Bitcoin is decentralized, like the internet. It’s designed to explicitly avoid points of failure and trusting of node participants. Lots of Bitcoin has be…

There is good chance that narrative re-emerges as Bitcoin proves to be consistently non-correlated. I can see that.

This is true. Bitcoin is more of bet that Keynesian monetary policy fails. It doesn’t hedge for Armageddon. Planning for a collapse of world order involves small coins, farmland, p…

Absolute financial control of citizens is a hell on earth type of dystopia we must resist, thwart, and avoid at all costs. We must not go silently into that dark night.

Love that meme: https://www.xkcd.com/538/ So true too. At the end of the day, digital security must be reinforced with physical security and good opsec.