22 things I learned since falling down the Bitcoin Rabbit Hole. 🐰

With serious hat tips to @Breedlove22 @saylor @saifedean @SahilBloom @dergigi @johnkvallis @JeffBooth @PrestonPysh @nic__carter @knutsvanholm 1/ First Principles

I've always thought from first principles, though i never knew that there was a name for it, and that it's a discipline that is widely used.

In the below thread @SahilBloom explains the concept better than i could.

https://twitter.com/SahilBloom/status/1329458583537397765

There have been many forms of money in history. Some have worked better than others because they have characteristics that make them more useful.

Better money always beats weaker money and that's a fact.

A thread of monetary properties👇 Seashells, glass beads, rai stones, cattle and silver are some examples of money which were eventually dethroned by gold, which was in turn ousted by government controlled fiat money.

Without further adieu, money has the following properties:

I've learned so much about #Bitcoin by following the right people here on Twitter, some of them happened to write some fantastic books.

So here are +60 books you should consider adding to your personal collection. 📙👇 Book 1:

A book that needs little introduction: The Bitcoin Standard by @saifedean. This book taught me what money is, why it has value & how it's evolved over time. It becomes clear that #Bitcoin should be the next step, & can't be stopped

saifedean.com/thebitcoinstan…

I’ve been buying #bitcoin for +5 years. I got many things right and many things wrong..

So here are 5 of the most important lessons I have learned along the way. 👇 Lesson 1: Cheap ≠ Value

Don’t get distracted by the per unit price of AltCoins.

#Altcoins are cheap due to their excessive supply. #Bitcoin seems expensive due to the limited supply.

Supply & demand is important. You want limited supply & increasing demand.

#BuyBitcoin