Fix the money, fix the world.
Ideas to take with you.
- 01
The defining property of Bitcoin is verifiable digital scarcity, a category that did not exist before 2009 and that other digital assets did not reinvent by copying the code.
- 02
Most projects positioned as alternatives are best read as attempts to install new actors at the top of the same monetary architecture, not as attempts to exit the architecture.
- 03
The decentralization of the ledger is the load-bearing property; keeping blocks small was a deliberate choice to protect it, and the 2017 fork was the live test of that choice.
- 04
Treating Bitcoin purely as an asset recreates the dynamic that produced the gold and Bretton Woods era; using it as money is what allows the architecture itself to change.
- 05
When money holds value over time, capital can rest, and the framing that velocity equals health only makes sense inside the debt-money system that produced the framing.
