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

Jan 10
This thread represents 5,000+ hrs of research, curation, and synthesis to help you make sense of #Bitcoin and adjacent topics.

They're educational resources I wished existed when I began my own journey. Happy reading.
Image
The relationship between scarcity and abundance.

Image
The role of money and why it naturally converges.
Read 34 tweets
Jan 12, 2023
Explainer thread on ‘monetary premiums’:

🖨️💰➡️💵📉➡️ 🧲 🏠🖼️💎
When Ray Dalio uttered the words “cash is trash!" on CNBC in early 2020, he seemingly broke the fourth wall.

For someone of his stature and influence within the political machine to acknowledge the chronic and unavoidable debasement of fiat currency was a clear turning point.
While he did temporarily reverse his position, his general view remains unchanged.

The perverse incentives of the fiat system—siphoning value from savers to fund deficits—can only lead to more of the same.
Read 14 tweets
Jan 7, 2023
A beginner-level intro to #nostr: an open protocol for censorship-resistant communication networks created by @fiatjaf.

thread. Image
Before we get into what it is, it’s probably equally as helpful to understand what it’s not.

Like the bitcoin protocol, nostr is permissionless. All you need to use the protocol is to generate a key pair.

A public key (as a unique identifier) and a private key (to sign content you post).

1 person ≠ 1 account. You don’t even have to be human. Image
Read 18 tweets
Jan 3, 2023
20 years ago, Michael Crichton coined a term that has now become essential for navigating the incentives of today’s news media landscape:

The Gell-Mann Amnesia Effect.

🧵
Named after Nobel Prize-winning physicist Murray Gell-Mann, Crichton explains the pitfalls of observing errors in the reporting of a topic, yet trusting the same source in areas where you are less knowledgable/able to verify accuracy.
Bitcoin is multidisciplinary and multifaceted.

It represents a major paradigm shift in innovation and the communication of value. Thus it can take years to gain a basic fundamental understanding.
Read 9 tweets
Nov 13, 2022
All of my beginner-friendly resources to explain/teach bitcoin.

250+ slides.
Free to download.
Image
1. Why we use money and why all forms of money compete with one another.
anilsaidso.gumroad.com/l/onemoney
2. How money changes over time at the hands of technological.
anilsaidso.gumroad.com/l/money
Read 10 tweets

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