"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.

When I was 17, I became obssessed with Bruce Lee's Jeet Kune Do. His philosophies on martial arts played a massive role in making me who I am today.

Here are my 11 favorite quotes from #Brucelee that I can still write from memory a quarter of a century later.👇 On personal development:

"Absorb what is useful, discard what is useless, and add what is essentially your own."

If you made an informed decision to buy #Bitcoin at $65K, you should like it even more at $48K. We're talking about the most important discovery of the digital age -- the invention of digital scarcity -- backed by an unstoppable pure free market nation-state level energy network. If you are scared of this volatility, you are over exposed, plain and simple. Everyone and anyone can place a bet, any amount, on #Bitcoin's success. Nobody said go all-in. Unless you are a trader, there's no reason to stress out about the daily price action.

1. Who will be the first critic to say “I was wrong about #Bitcoin”?

How many decades must the Bitcoin network persist before the staunchest of Bitcoin haters like Krugman or Roubini swallow their pride and admit that it was all a big misunderstanding? 2. How many trillions of dollars in value will the #Bitcoin network, a once-in-a-millennia monetary phenomenon growing at an unprecedented pace with unstoppable momentum, have to capture to convince everyone that it is here to stay?

Thread: A little bit of fun #Bitcoin history. Back in 2010, someone posted a contest on the Bitcointalk forum pledging 20 BTC to whoever submit the funniest bitcoin image with the word "Bitcoin GALORE!" It quickly ballooned to 40 BTC as others added to the pot. 👇 At the time, that was worth about $20. Today, that's worth about $430,000. THIS was the glorious winner of the contest, a piece of art that would put Da Vinci to shame:

Thoughts from a #Bitcoin Bull-Bear-Bull-Bear-Bull market survivor:

I discovered Bitcoin in 2013, it was $30. Bought my first few at around $150 later that year. Bought a lot, spent a lot, made money, lost money, started a company, and learned a lot of lessons along the way. Lesson 1: Stop thinking it’s too late. We haven’t even seen the tip of the iceberg. Even in 2013, people would say "Those that bought in 2012 were so lucky, we are too late." You wish you bought when it was cheap, but would you? Probably not. Why didn’t you buy more at $3K?

1/ Listening to @PeterMcCormack's #bitcoin podcasts. Technical discussions are great, but damn does it make me cringe when guys like @rogerkver or whoever else living in their ivory towers start talking about how Bitcoin is for the "unbanked" in the 3rd world. They know nothing. 2/ The level of ignorance about this is unbelievable, but what's more shocking is their confidence that they know what's best for "these people living in Uganda or the Philippines who can't afford to spend bitcoin on the "main chain" because muh fees." This is laughable.