‘The answer to the problems of humanity is the integrity of the individual.’ - @jordanbpeterson
1/6 As a result, the fidelity with which that integrity is communicated is of paramount importance.
2/6 Money is the signal through which we communicate our values & principles to the market (other people). Distortion of the money leads to distortion of the ‘data’ it’s meant to carry (what we’re ‘communicating’ and consequently ‘who we are’).
3/6 Incorruptible money permits unadulterated communication, via the propagation of pristine price signals.
4/6 #Bitcoin is the most incorruptible money the world has ever known, rendering the highest-fidelity market signal, and thereby leading to the discovery of our most important collective ‘truths'.
5/6 In addition (and as a result), it facilitates the process of individual refinement in its most effective form—the establishment of truthful perception, and its outward expression in truthful speech.
6/6 Such is the foundation of optimal engagement with reality—making #Bitcoin a ‘spiritual’ implement of the highest utility.
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It’s an important occasion, marking the next step in bitcoin’s inevitable march to becoming not only the hardest money ever, but the first instantiation of objectively verifiable absolute scarcity that humanity has ever engaged with.
2/ As such, each step in this process, and in particular the early ones, are a big deal.
If demand remains constant, and supply is cut, there should be upwards pressure on price. Happy days!
1/4 Bitcoin represents a paradigm shift on so many levels. Its ‘unconfiscatability’ is one of them. Prior to it, power could always be used to take wealth, and as a result, power was required to protect wealth and create order (manifesting many societal institutions, such as law)
2/4 Such a dynamic makes abuses and conflict inevitable (power corrupts)—and true freedom impossible. What is the ‘ordering principle’ in a bitcoin paradigm, where power cannot be used to steal wealth?
3/4 Harmony, via aligned incentives, inspired by the knowledge that *now* cooperation, not power, is the most efficient means of obtaining wealth. During the transition, as the old system fails, wealth will flow from assets in the old paradigm (confiscatable)..