Part 3: Mushroom Medicine
This drama will take decades. What if Bitcoin doesn’t survive long enough to reach it’s potential?
Satoshi learned from failed attempts at private money. Bitcoin’s genetic code was engineered for maximum survivability.
-Varroa are hard to kill (Fiat has monopoly on violence)
-Spread viruses upon contact (market distortions, cronyism, etc)
-Neg Downstream effects (capital misallocation, increased time preference)
Bitcoin (mushroom medicine) prevents the spread of our destructive financial hegemony (Varroa Mites).
This will usher in a new era of human achievement.
-Central banks own 20% of govt debt
-Negative Interest Rates (NIRP)
Are we really going to let the hegemonic banking system to CHARGE depositors for storing our digital fiat in their insecure panopticon banks?
Unlikely… Former Fed chairman Alan Greenspan: “the United States can pay any debt because we can always print money to do that.”
Unlimited fiat to buy a strictly limited 21m BTC 🤔
How'd we live under an archaic regime for so long?
Like fungi transforms dead matter into new life, Bitcoin will transform our decrepit banking system into robust foundation upon which new growth can occur.
A theory attempting to explain why we haven't found other life in the universe.
During life’s evolutionary path, there are some obstacles that are hard to overcome. That obstacle is “The Great Filter.”
Ex: invent nuclear bombs, soon after kill yourself.
During each cataclysm, fungi survived and slowly rebuilt the planet.
Bitcoin mimics effective evolutionary strategies observed by fungi.
Satoshi designed the Bitcoin super-organism to survive “The Great Filter” and to resist corruption.
Bitcoin is on an evolutionary path separate from all other cryptocurrencies.
However, if Bitcoin continues absorbing value there is an incentive to attack it.
In the future, we'll call this period in Bitcoin's life "The Great Peace."
Simply convince a few super powers that the reward of adopting it outweighs the risk of attacking it.
Like displaying a sign: "dog lives here”
Doesn’t matter if you have a dog, the threat acts like a deterrent to would-be attackers.
They taxonomically branched off and are attempting to satisfy a separate niche.
No. They simply mistake Blockchain Hype (Mushroom) for Bitcoin (Mycelial Network).
First attempt to educate (most people were not born Bitcoiners).
That said, deliberate scammers deserve to be flamed 🔥🔥🔥.
Eventually these devs will discover Bitcoin and say goodbye to boring bank coin. Welcome to the peaceful revolution.
Jamie Dimon funding his own demise? How poetic.
-Bitcoin grows resilient underground
-fusing with legacy finance “roots”
-preparing for “The Great Filter.”
If we’re lucky, Blockchainers will distract superpowers just long enough for Bitcoin to become “too big to fail.”
What are the effects of unleashing a globally accessible, technologically advanced, ideal money? Bitcoin enables humanity to reach the heavens.
In Part 4 (upcoming) we'll explore "Bitcoin as space money."