What Does Abundance Mean to You? (with Boyd Cohen)
Ideas to take with you.
- 01
Conviction in bitcoin as a store of value is a different threshold from willingness to transact in it; crossing the second threshold is where most individual journeys stall.
- 02
Gresham's Law describes behavior, not opinion — holders of two currencies will tend to spend the depreciating one and save the appreciating one regardless of what they believe about either.
- 03
Flight-to-stablecoin in dollarized emerging markets suggests that reserve-currency inertia, not ignorance of bitcoin, is the binding constraint on medium-of-exchange adoption.
- 04
Top-down institutional change and bottom-up education are not substitutes; the people who author incentives are themselves shaped by the mindset they absorbed, which is why messaging reaches both layers.
- 05
Scarcity is not merely a feeling produced by fiat — it has operated as a business model, which is why abundance-framed arguments feel foreign even to those whose material needs are met.
