#Bitcoin is a poster child for @nntaleb's barbell.
It is simultaneously hyper local and hyper global. You can store it in your pocket or send it anywhere in the world.
You have 100% control of your bitcoin and 0% control of everyone else's.
It is simultaneously hyper local and hyper global. You can store it in your pocket or send it anywhere in the world.
You have 100% control of your bitcoin and 0% control of everyone else's.
#Bitcoin is publicly transparent and extremely private.
It provides a small, local economy access to a large, global one--while allowing independence.
It has a decentralized production model (mining) with a centralized outcome (collaboration around one monetary unit).
It provides a small, local economy access to a large, global one--while allowing independence.
It has a decentralized production model (mining) with a centralized outcome (collaboration around one monetary unit).
Bitcoin's first layer infrastructure seamlessly interacts with the internet while also existing apart from the internet.
It's both entirely intangible (digital) and completely tangible (it has scarcity that gives it trading desirability).
It's both entirely intangible (digital) and completely tangible (it has scarcity that gives it trading desirability).
Bitcoin has no political agenda, and yet its success would completely upend our global political juggernaut.
It is entirely novel; but built on principals and theories that predate the Bible.
It is entirely novel; but built on principals and theories that predate the Bible.
Just some thoughts I had after listening to @CitizenBitcoin and @skwp discuss bitcoin on their recent podcast with Eric.
swansignal.simplecast.com/episodes/erik-…
swansignal.simplecast.com/episodes/erik-…
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