Anil ⚡ Profile picture
Feb 22, 2021 8 tweets 5 min read Read on X
Few have grasped the magnitude and inevitability of Bitcoin in such a brief period of time.

Fewer still have been able to explain the current monetary environment to a wide audience with such ease and clarity.

@michael_saylor is the Richard Feynman of Bitcoin. Image
Speaking to @RealVision, Saylor laid out his concerns with the current rate of monetary expansion:

"I came to the horrifying conclusion that I’m sitting on a $500M ice cube that’s melting. It’s melting at 6% in a good year. Then you realize this year it’s melting at 25%."

🧊
In an interview with @KeithMcCullogh, Saylor cautions against financial models that fail to account for the adoption of new networks:

“What happens if 10 billionaires decide to buy $1B of bitcoin each and announce it…all of your models are destroyed, completely devastated.“

📈
In a brief tweet on Feb 5th, Saylor offers bitcoin as a system of measurement, due to its perfect scarcity.

Bitcoin is now the most precise method we have for measuring value across time.

📏
In a interview with @Scaramucci for @SALTConference:

“The entire thing is like a massive monetary battery..
I can take $100m of monetary energy, put it into the Bitcoin network and it will sit there for as long as you can imagine with zero power loss.”

🔋
Speaking with @APompliano, Saylor describes the network effects of dematerializing something fundamental:

”There's never been an example of a $100b dollar monster digital network that was vanquished once it got to that dominant position.

Bitcoin is the monetary network."

🌐
In an interview w/ @familyoffice:

“Bitcoin is not a stock, bitcoin is a bank.

The price of a BTC represents all of the money deposited divided by 21M, adjusted for inflation.

When you look at it like that.. the real question is how much money is going to get deposited.”

🏦
In conversation w/ @saifedean for The Bitcoin Standard podcast, Saylor recounts the unconfiscatable nature of bitcoin:

"I had this epiphany...I just took $500K of cash that someone can burn & steal and I put it into a vault of encrypted energy, and now they can’t get at it."

🔒

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More from @anilsaidso

Apr 30
Satoshi Nakamoto cites eight references in the Bitcoin white paper that influenced the Bitcoin protocol's design.

This thread explores each one and its significance. Image
For context, the Bitcoin protocol combines several existing tools, technologies, and procedures in a novel way. Image
1/ ‘b-money’ by Wei Dai is the very first reference listed:

“efficient cooperation requires a medium of exchange (money) and a way to enforce contracts. I describe a protocol by which these services can be provided.”

Dai would also be one of the first people Nakamoto contacted regarding the proposal of Bitcoin.Image
Read 15 tweets
Nov 18, 2024
Book coming mid-2025.

Some excerpts: Image
"If you’re going to work 80,000 hours to make money, you should work 100 hours to keep it." Image
Isaac Newton gave us engineering-grade maths.
Andrew Carnegie gave us engineering-grade metal.
Satoshi Nakamoto gave us engineering-grade property.

Calculus. Steel. Bitcoin. Image
Read 42 tweets
Nov 15, 2024
As #Bitcoin adoption continues its relentless march, so too does the onslaught of misconceptions, red herrings, and illogical arguments. The result of ignorance, malice, or fear.

A thread of the most common regurgitated fallacies: Image
"Bitcoin is a radical break from the past. Understanding the way traditional money works doesn’t help you understand bitcoin.

If anything, it hinders it.

The people who understand bitcoin the least are monetary economists. They cannot wrap their heads around it."

—Andreas M. AntonopoulosImage
There appears to be an endless list of critiques and criticisms levied against bitcoin. But they generally fall into three distinct buckets. Image
Read 13 tweets
Nov 14, 2024
If you're new to bitcoin, take 5 minutes to work through this thread.

You'll get a basic foundational understanding of key terms and how the system functions.

And, if you're teaching others, steal these slides. Image
Let's start by differentiating between 3 distinct components (although interdependent) which are often confused.

The digital money, the network, and the blockchain. Image
Time to go deeper on the monetary unit. Image
Read 31 tweets
Nov 12, 2024
I've made 1,000+ infographics to explain #Bitcoin over the last 5 years.

Based on feedback, here are the ones most effective for teaching others.

THREAD. Image
What we consider ‘money’ is often singular at any given point in time.

But the things we've used as money have always evolved. As technology advances, the incentives of holding one form vs. another change. Image
All global reserve currencies map to the most powerful empire at the respective time. Image
Read 50 tweets
Oct 15, 2024
Contrasting bitcoin and the dollar in 8 images.

1. Terminal supply or terminally-ill? Image
2. Ruled by decree vs. ruled by energy Image
3. Increased granularity unlocks functionality. Image
Read 8 tweets

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