5/ Bitcoiners adopt Bitcoin because it’s the right thing to do
Current system is broken. Bitcoin shifts power from incumbents ➡️ an intolerant minority of cypherpunks, polymaths, freedom maximalists, and first principle thinkers.
Bitcoiners will build a better world.
6/ Corporations need Bitcoin to protect their balance sheets.
While governments compete to devalue their currency, many corporations cannot generate a positive return on capital. Bitcoin protects the treasury.
7/ Freedom lovers adopt Bitcoin to protect liberty.
Bitcoin is a 10x improvement over existing property rights. Shifts power away from the state and towards the individual. Enables the rise of the Sovereign individual.
8/ Pensions need Bitcoin to generate a positive yield.
With mounting unfunded liabilities, $17t in negative-yielding bonds, and few options for positive yield...
Money managers will be forced to buy Bitcoin. It's their only hope.
9/ Millenials need Bitcoin or they'll "have fun staying poor"
Millennials have been dealt a bad hand by older generations. The 2020s will make things worse. Bitcoin is their best chance to generate wealth
Bitcoin will eat the SoV premium on real estate, enabling home ownership.
10/ Tech companies leverage Bitcoin to defend their moat
Money is being reinvented. Companies are scrambling to acquire territory on the new frontier. Square has an early lead (@CashApp), PayPal has entered the game.
When Apple, Google, Microsoft, and Facebook?
11/ Normal people use Bitcoin as a savings technology
Rather than staying wave-slaves, normal people can store the fruits of their labor in an asset that preserves their time & energy.
12/ Ostrisziced nations need Bitcoin to trade
The dollar hegemony excludes enemies from participating in the global financial system. Bitcoin is an open financial system, accessible to all.
Example: Iran is paying for imports by monetizing energy assets through Bitcoin mining.
13/ Banks adopt Bitcoin to stay relevant
Old banking is dead, digital mobile banking (Cash app, etc) is the future. CBDC's are coming. Low-interest rate environments squeeze commercial bank margins.
Jamie Dimon should have stayed humble and stacked some sats.
14/ Humanitarians adopt Bitcoin to empower the disenfranchised
Billions of individuals don't have access to basic financial services (or are opressed by their gov)
Entrepreneurs like @raypaxful leverage Bitcoin (and other tools) to "bank the unbanked" in developing countries.
15/ Politicians support Bitcoin because their constituents demand it
As more citizens own Bitcoin, they'll elect more representatives who support Bitcoin.
When powerful people own Bitcoin, they ensure favorable laws.
Just as fungi and plants formed a symbiotic relationship to colonize dry land, humans can form symbiosis with Bitcoin to improve as individuals and to advance our species.
1/ Just finished reading Mycophilia by @eugeniabone — here’s a thread of fun #fungi facts 👇
2/ Chlorophyll in plants convert sunshine into chemical energy to feed the plant.
Some fungi convert subatomic particles (including nuclear waste) into chemical energy to feed the fungi.
Reminder: bitcoin converts energy into money to feed the network.
3/ Why do leaf cutter ants collect leaves? Decoration?
Combining leaves + a few things laying around the house ( saliva, feces, bacteria) they create a compost farm providing food for the colony. The fungi benefit from life without competition.