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1/ I just published "Economic Teachings of Bitcoin", the second part in a three-part series on What I've Learned From Bitcoin.

medium.com/@dergigi/econo…
2/ Bitcoin taught me more about money and finance than all of my previous education combined. It encouraged me to look behind the curtain and face my financial ignorance. (h/t @aarontaycc @BitcoinDunny for not making me feel alone)
3/ I learned about inflation and the catastrophe of hyperinflation. To quote Hayek: "I do not think it is an exaggeration to say history is largely a history of inflation, and usually of inflations engineered by governments for the gain of governments."
4/ By learning about Bitcoin I learned about the paradox of value. While value is mostly subjective, it is not entirely arbitrary. (h/t @PlatoQuote for that one)
5/ Bitcoin forced me to ponder the nature of money and think about what money actually is. Learning about the history of money helped to illuminate that. h/t @NickSzabo4 for writing an excellent essay on the origins of money: Shelling Out nakamotoinstitute.org/shelling-out/
6/ By learning about the history of money, Bitcoin taught me how we went from using actual gold and silver to using certificates and later worthless paper. It taught me about the greatest sleight of hand in the history of economics: fiat currency.
7/ Bitcoin taught me more about the current financial system than I ever wished to know. It taught me about quantitative easing and the insanity which is fractional reserve banking.
8/ Thanks to @saifedean's book, The Bitcoin Standard, I learned how essential sound money is, and why the stock-to-flow ratio is crucial in understanding soundness.
9/ Thanks to @real_vijay for writing The Bullish Case for Bitcoin, which influenced my views on money. Required reading for everyone who spends or receives money: medium.com/@vijayboyapati…
10/ Thanks to @danheld for writing about how Bitcoin's distribution was fair: blog.picks.co/bitcoins-distr…
11/ Thanks to @dhruvbansal and @matt_odell for taking the time to discuss some of these ideas with me.
12/ Again, thanks to the @NakamotoInst curated by @bitstein and @pierre_rochard for providing endless reading material on economics and Bitcoin
13/ Thanks to @jnnksbrt, @matt_odell, and @CamiloJdL for their comments on early drafts of this article.
14/ Thanks to the Mises Institute @mises for providing free resources on Austrian economics: mises.org
15/ And last but not least, thanks to @arjunblj for the tweet which gave birth to this series and to everyone who tried to answer the question:

What have you learned from Bitcoin?
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