The #Bitcoin protocol & network combines NOT ONE, NOT TWO, BUT THREE massive & groundbreaking discoveries in monetary technology.
It is the convergence of these 3 discoveries that may very well make #BTC the most powerful and impregnable asset in human history.
A thread🧵
It is the convergence of these 3 discoveries that may very well make #BTC the most powerful and impregnable asset in human history.
A thread🧵
DISCOVERY #1:
#Bitcoin allows for NEAR INSTANT SETTLEMENT via an inherently global & cyber monetary network.
2/18
#Bitcoin allows for NEAR INSTANT SETTLEMENT via an inherently global & cyber monetary network.
2/18
As economies of scale have grown exponentially more global & digital, it seems all but assured value transfer in the 3rd millennium will occur on the rails of the internet.
3/18
3/18
The internet protocol suite ate virtually all INFORMATION transfer...
...another protocol will at some point subsume virtually all VALUE transfer.
(h/t🎩@Croesus_BTC)
4/18
...another protocol will at some point subsume virtually all VALUE transfer.
(h/t🎩@Croesus_BTC)
4/18
Put simply, there is an almost zero % probability that in the year 2140, banks from around the world will be reaching final settlement in days to weeks via the SWIFT network, while using nearly 200 different fiat currencies...all with different exchange rates.
5/18
5/18
The above will seem as anachronistic to our offspring as horse & buggy feel to us today.
Internet native technologies like #BTC WILL disintermediate cumbersome middlemen & expedite the transfer of value.
(h/t🎩@jackmallers)
It's gonna happen. Just a matter of when/how.
6/18
Internet native technologies like #BTC WILL disintermediate cumbersome middlemen & expedite the transfer of value.
(h/t🎩@jackmallers)
It's gonna happen. Just a matter of when/how.
6/18
At this stage in the game, we honestly feel the burden of proof is on the #BTC naysayers to explain how this WON'T be #Bitcoin.
This protocol supplies the infrastructure needed to onboard the ENTIRE global financial system.
7/18
This protocol supplies the infrastructure needed to onboard the ENTIRE global financial system.
7/18
#Bitcoin currently carries just shy of $1T in market cap, but has the architecture to realistically subsume 10s to 100s of trillions...WITH NOBODY IN CONTROL.
Which leads us to the next discovery...
8/18
Which leads us to the next discovery...
8/18
We hear & use the word "decentralized" constantly, but we often fail to digest its profound implications.
Prior to #Bitcoin, all inherently digital monetary assets were centralized in nature. Sathoshi broke this mold, and we are still digesting the implications.
10/18
Prior to #Bitcoin, all inherently digital monetary assets were centralized in nature. Sathoshi broke this mold, and we are still digesting the implications.
10/18
#BTC harnesses the power of encryption via a worldwide network of distinct actors (miners, nodes, hodlers, devs, etc), each with their own unique set of incentives.
The global game theory is arguably unstoppable & no other crypto asset COMES CLOSE to #BTC in this respect.
11/18
The global game theory is arguably unstoppable & no other crypto asset COMES CLOSE to #BTC in this respect.
11/18
DISCOVERY #3
As if being the world's 1st unstoppable venue for instant, global, digital, decentralized value settlement wasn't enough...
...#Bitcoin also happens to be THE DISCOVERY of absolute scarcity.
12/18
As if being the world's 1st unstoppable venue for instant, global, digital, decentralized value settlement wasn't enough...
...#Bitcoin also happens to be THE DISCOVERY of absolute scarcity.
12/18
The free market selected gold over thousands of yrs due to its soundness & inflation resistance. As economies grew larger/more dispersed in the 20th c, gold succumbed to the advent of fiat currency due to its shortcomings of divisibility & portability.
(h/t🎩@Breedlove22)
13/18
(h/t🎩@Breedlove22)
13/18
#Bitcoin "one ups" gold's scarcity via a mathematical, algorithmic & immutable supply schedule.
For the 1st time, mankind has discovered a monetary technology that is COMPLETELY INELASTIC...totally unresponsive to increases in demand.
14/18
For the 1st time, mankind has discovered a monetary technology that is COMPLETELY INELASTIC...totally unresponsive to increases in demand.
14/18
As @saifedean says:
"History shows it is not possible to insulate yourself from the consequences of others holding money that is harder than yours."
—The Bitcoin Standard
15/18
"History shows it is not possible to insulate yourself from the consequences of others holding money that is harder than yours."
—The Bitcoin Standard
15/18
This discovery of scarcity in digital form is opportune given the macro backdrop of unprecedented debt levels and mathematically assured currency debasement (& inflation).
(@LynAldenContact's newest article lays this out wonderfully & succinctly: lynalden.com/does-the-natio…)
16/18
(@LynAldenContact's newest article lays this out wonderfully & succinctly: lynalden.com/does-the-natio…)
16/18
The timing is RIPE for store of value assets (particularly those with supreme liquidity).
#Bitcoin may be THE BEST SOV asset mankind has ever had at a time in the debt cycle when SOV assets will be CRUCIAL to wealth preservation.
cc:@LawrenceLepard @DylanLeClair_
17/18
#Bitcoin may be THE BEST SOV asset mankind has ever had at a time in the debt cycle when SOV assets will be CRUCIAL to wealth preservation.
cc:@LawrenceLepard @DylanLeClair_
17/18
COMBINE THESE 3 DISCOVERIES:
#Bitcoin is poised to function as the most salable, secure, and antifragile asset in human history...
...ACROSS BOTH TIME AND SPACE!!
This is a huge, we mean HUGE f*cking deal.
Act accordingly.
18/18
#Bitcoin is poised to function as the most salable, secure, and antifragile asset in human history...
...ACROSS BOTH TIME AND SPACE!!
This is a huge, we mean HUGE f*cking deal.
Act accordingly.
18/18
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