Book coming mid-2025.

Some excerpts: "If you’re going to work 80,000 hours to make money, you should work 100 hours to keep it."

As #Bitcoin adoption continues its relentless march, so too does the onslaught of misconceptions, red herrings, and illogical arguments. The result of ignorance, malice, or fear.

A thread of the most common regurgitated fallacies: "Bitcoin is a radical break from the past. Understanding the way traditional money works doesn’t help you understand bitcoin.

If anything, it hinders it.

The people who understand bitcoin the least are monetary economists. They cannot wrap their heads around it."

—Andreas M. Antonopoulos

If you're new to bitcoin, take 5 minutes to work through this thread.

You'll get a basic foundational understanding of key terms and how the system functions.

And, if you're teaching others, steal these slides. Let's start by differentiating between 3 distinct components (although interdependent) which are often confused.

The digital money, the network, and the blockchain.

I've made 1,000+ infographics to explain #Bitcoin over the last 5 years.

Based on feedback, here are the ones most effective for teaching others.

THREAD. What we consider ‘money’ is often singular at any given point in time.

But the things we've used as money have always evolved. As technology advances, the incentives of holding one form vs. another change.

Contrasting bitcoin and the dollar in 8 images.

1. Terminal supply or terminally-ill? 2. Ruled by decree vs. ruled by energy

Why every saver must understand #Bitcoin in 7 slides.

If you create more value than you consume, you have a serious problem:

how do you preserve your savings? The default option is to keep your savings in fiat currency.

Governments would also prefer this as it creates demand for the currency, allowing the creation of more units with less attention raised.

However, on a longer time frame, this is an obviously defective vehicle for wealth storage.

0 to #Bitcoin in 12 slides:

If you want something, you must offer something in exchange.

This is know as bartering. Now imagine an economy with just 6 items.

Bitcoin: The Monetary Index of the 21st Century
(by @saylor)

If you look at really wealthy people, billionaires, they own buildings, sports teams, or a collection of Picassos.

That's what the wealthy use as a store of value. [1] The middle class store of value is the Vanguard 500 index, the S&P 500 index, or the QQQ [Nasdaq 100] index.

It's basically a diversified portfolio of stocks and that's been the status quo for 40 years. [1]

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.
↓ The relationship between scarcity and abundance.

https://x.com/anilsaidso/status/1544541290678759426

Bitcoin is a neutral innovation

Like the telegraph, steam engine, or printing press- it has no opinions, preferences, or beliefs. The user gives it meaning.

To better explain this, here's a children's book↓ Bitcoin is the only commodity where the rate of production is divorced from changes to amount of energy employed in its extraction.

Supply is predetermined and publicly auditable.

6 books you should read to prepare for accelerating currency debasement:

1.

https://twitter.com/anilsaidso/status/1483236976895483905?s=20

2.

https://twitter.com/anilsaidso/status/1418329477440892928?s=20

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.

A beginner-level intro to #nostr: an open protocol for censorship-resistant communication networks created by @fiatjaf.

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

https://twitter.com/lopp/status/1611377277954293763

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.

All of my beginner-friendly resources to explain/teach bitcoin.

250+ slides.
Free to download.
↓ 1. Why we use money and why all forms of money compete with one another.
anilsaidso.gumroad.com/l/onemoney

In 2018 @real_vijay published an article (now book) that carefully laid out the case for bitcoin becoming the future global monetary base.

This thread recaps the 8 attributes of a good store of value covered in the book: 1. Durability:

"In the case of fiat currencies, many governments have come and gone over the centuries, and their currencies disappeared with them.

Bitcoins, having no issuing authority, may be considered durable so long as the network that secures them remains in place."

An intro to the mechanics of bitcoin mining for beginners.

↓ Miners consume electricity from either an electrical grid or directly from an energy source.

A handful of concepts that will improve your understanding of bitcoin: Many previously scarce things are now abundant thanks to innovation: calories, textiles, information.

But scarcity in money provides the incentive to create abundance in other things, as there's a mechanism to reliably store value.

My new book is out today.

It’s a textbook full of key concepts that help explain the forces driving bitcoin’s adoption.

I put an unreasonable amount of work into it and hope the wait was worth it.

The foreword was graciously written by @JeffBooth 🙏
anilsaidso.gumroad.com/l/concepts In total, the book covers 40 core concepts + 13 related concepts.

It's written for a non-technical audience that enjoy visual explanations.

An illustrated quote thread of some basic Lightning Network concepts. “In February 2015, Joseph Poon and Thaddeus Dryja proposed a possible solution to the Bitcoin scalability problem, with the publication of ‘The Bitcoin Lightning Network” white paper."

lightning.network/lightning-netw…

This is the story of two disruptive innovations, several centuries apart, with remarkable similarities.

It teaches us the impact of technology in altering economic incentives and steering the evolution of how society is organized.

🧵 L: Jan Hus denounces the moral failings of clergy, bishops and Roman Catholic church. Burned at the stake for heresy.

R: Fed chair Ben Bernanke celebrated for bailing out over-leveraged financial institutions and ‘rescuing the economy’ in the wake of the financial crisis.