Why Bitcoin Only

Table of Contents

1. Money

Music Video: “Money” (Pink Floyd)

1.1. Money 101 / Fiat vs. Gold

Fiat (noun):

• A currency that is not backed by any commodity such as gold or silver, but by government mandate (examples: US Dollar, Euro, British Pound, Japanese Yen)
• An authoritative decree, sanction, or order.

Gold (noun): A soft, yellow metal that has been highly valued for 5,000+ years, and is used especially in jewelry and as a form of wealth.

“Paper is poverty, it is only the ghost of money, and not the money itself.”
—Thomas Jefferson (1861)

“Gold is money, everything else is credit.”
—J.P. Morgan, 1912

To Understand Bitcoin, You Must First Understand Money (Bruce Fenton / Twitter)

Money: A Walk Through History (Joe Brown / Market Disruptors Live)

The Ancient Monetary Systems Behind Fiat, Bitcoin, and Gold (Joe Brown / Heresy Financial)

Money 101 (Joe Brown / Financial Heresy Pod)

• • Part 1 – How It Started
  • Part 2 – How It’s Going
  • Part 3 – Where It’s Headed

Hidden Secrets of Money Series — Selected Episodes (Mike Maloney)

• Money vs. Currency
• The Seven Stages of Empire
• Timeline of the Death of the US Dollar As World Reserve
• Inflation: The Biggest Scam In The History of Mankind
• Where Does Money Come From?
• Fall Of Empires: Rome vs USA
• American Bread & Circus

“They’ve Been Planning This The Whole Time” (Mark Yusko / Library Of Wealth

What was Money Like in the Past? 💵 (Eric Podwojski)

Who Controls All of Our Money? (Dagogo Altraide / Cold Fusion)

Documentary: “Four Horsemen” (Ross Ashcroft, Dominic Frisby, Max Keiser, John Perkins, Joseph E. Stiglitz, Richard G. Wilkinson, Phillip Blond, Dr. Kaiser Bengali, David Morgan, James Turk, Michael W. Hudson, Gillian Tett / Renegade Inc.)

Short Film: “The American Dream” (Tad Lumpkin, Jess Harnell, D.C. Douglas)

The Inherent Hierarchy of Money (Perry Mehrling)

History of Money (Nik Bhatia, Jimmy Song / Bitcoin Fixes This Pod #59)

What Is Layered Money? (Nik Bhatia, Mark Moss / Market Disruptors)

You Don’t Need Money…You Need This! (Mark Moss)

Financial System, Bitcoin, The Broken Economic Structure (Mark Moss, Parker Lewis)

Shelling Out: The Origins of Money (Nick Szabo)

How Inflation Precipitates Societal Collapse (Academy of Ideas)

“Although the emperors of Rome frantically tried to ‘manage’ their economies, they only succeeded in making matters worse. Price and wage controls and legal tender laws were passed, but it was like trying to hold back the tides. Rioting, corruption, lawlessness and a mindless mania for speculation and gambling engulfed the empire like a plague.”
—Ferdinand Lips

“In the second century a modus of wheat (approximately 9 liters), during normal times, had sold for 1/2 denarius…the same modus of wheat sold in 335 A.D. for over 6000 denarii, and in 338 for over 10,000…In 324 the gold solidus was worth 4250 denarii, yet by 337 it was worth 250,000. By 363 the value stood at 30,000,000 denarii to the solidus.”
—Joseph Tainter, The Collapse of Complex Societies

If you want to study [inflation] today, go to a museum where they have coins minted in the past and see what happened to the silver coins of the ancient Roman Empire…And there you will see what governments did in order to profit by falsifying the system of money, by increasing illegally and against the wishes of the people, the quantity of money.
—Ludwig von Mises

“Sheer necessity led to the repeal of the law.”
—Lactantius on the societal turmoil following the Roman Empire’s hyperinflationary collapse

What Has the Government Done to Our Money? (Mises Institute)

A History of Money and Banking in the United States (Murray N. Rothbard)

What Is Money Anyway (Lyn Alden)

How The Economic Machine Works (Ray Dalio)

Bitcoin and the Origins of Money (Blue Collar Bitcoin #2)

The Fiat System (Blue Collar Bitcoin #3)

Bitcoin is Not What You Think It Is (Guy Swann / Bitcoin Audible / Guy’s Take #44)

“While it’s easy to blame the central bank, the crux of the issue is that the whole system is inherently flawed. If the complexity and obscurity isn’t enough to prove it, the fact that we operated a banking system based on theoretical models which changed three times throughout the past century should be testament enough to prove that this system is not sound.”
—Stanislav Kozlovski

Previewing Bitcoin Through the Lens of Monetary History — A Chapter-By-Chapter Summary of Saifedean Ammous’s “The Bitcoin Standard” (Nikolai Explains)

• How Money Works
• Why Stones Were Used As Money
• Why Gold Won the Money Competition
• Reviewing the Last 2000 Years Through the Lens of Money
• Why Our Current Money System Doesn’t Work
• Time Preference: A Little Now Or A Lot Later?
• What Happens If You Manipulate Prices?
• Should Governments Manage the Money Supply?’
• What Problem Does Bitcoin Solve?
• What is Bitcoin Good For?
• “But Bitcoin Wastes Energy!” etc.

Short Film: “Hard Money” (Richard James)

Fiat Currency — Why It Is Making You Poor (Daz Bea)

The Philosophy of Bitcoin and How it Could Change the World As We Know It (Robert Breedlove, Tom Bilyeu / Impact Theory)

What is Money? (Erin Crawford / Death and Bitcoin Pod #2)

The History of Bitcoin (Shedrack Chukwuebuka Igwe, Mary Imasuen / Nobcast #10)

Bitcoin and Survival (Jack Spirko, Robert Breedlove / The Survival Podcast)

Bitcoin and the Start of the Information Era (Luke Broyles, Preston Pysh / We Study Billionaires #BTC117)

📚 Gold Wars (Ferdinand Lips) ➡️ Order on Bookshop.org / Order on Amazon

📚Layered Money (Nik Bhatia) ➡️ Order on Bookshop.org / Order on Amazon

📚 The Ascent of Money: A Financial History of the World (Niall Ferguson) ➡️ Order on Bookshop.org / Order on Amazon

“Through a long evolution, governments, or certain groups of governments, have promoted the idea that money is not simply a market phenomenon, but that it is whatever the government calls money. But money is not what the government says…Money is the generally accepted and generally used medium of exchange; it is not something created by the government; it is something created by the people buying and selling on the market.”
—Ludwig von Mises

“If your money requires permission to spend, it is not your money. If your money has counterparty risk, it is credit—not money. If your money steals from you, it is a financing mechanism—not money. If your money requires ID, it is social credit—not money.”
—DerGigi

Also see:

• What Is Money (Parker Lewis, Peter McCormack / What Bitcoin Did #183)
• What is Money? Speech at Parliament of Canada (Pierre Poilievre)
• The Bitcoin Standard — Animated Summary (CoinFuturist)
• The Last 100 Years, Summarized (Power Laws)
• Bitcoin, The Most Important Innovation of Your Lifetime? (Paul Saladino, Saifedean Ammous / Fundamental Health #131)
• The Creature From Jekyll Island Presentation (G. Edward Griffin) 
• The Creature From Jekyll Island (G. Edward Griffin, Aleks Svetski / Wake Up Pod #42)
• Forty Centuries of Wage and Price Controls: How Not to Fight Inflation (Robert L. Schuettinger, Eamonn F. Buder)
• The Dollar Endgame Approaches (Peruvian Bull, Daniel Prince / Once Bitten Pod)
• 📚 Money Dethroned: A Historical Journey (Emil Sandstedt) ➡️ Order on Amazon

1.2. Is Money “The Root Of All Evil”?

“Money is the music that orchestrates most human action. When it is discordant and corrupt, human action is thrown into disharmony. When it is free from coercion and concordant with free choice, human action flows harmoniously.”
—Robert Breedlove

Understanding Money is Key to Understanding Bitcoin (Harwinderpal Singh)

How Bitcoin Changes Our Perception of Money (Mike Hobart)

Our Relationship With Money (Erin Crawford / Death and Bitcoin Pod #5)

1.3. Intro to Central Banking

“I don’t think there has been any greater engine of inequality than the Federal Reserve Bank of the United States the last 11 years.”
—Stanley Druckenmiller

“There’s this weird thing with economists: we always talk about ‘monopoly is bad, competition is good,’ but then when it comes to money, we’re like: ‘oh, no, just the Federal Reserve can do the money.”
—Josh Hendrickson

“The greatest trick central banks ever pulled was convincing the world that individuals must perpetually take risk just to preserve value already created and saved. It is insane. And the only practical solution is to find a better form of money, which eliminates the negative asymmetry inherent to systemic currency debasement.”
—Parker Lewis

“Meaningful work is being compromised by central banking. There has been a demographic shift from value-additive to value-subtractive positions — as evidenced by the training of more bankers than engineers, or the academic credentialing transition from medicine to finance. In a free market, compensation is reflective of a role’s usefulness to society. But with monetary socialism, there are greater financial incentives to work closer to the spigot of fiat currency in roles that are mostly non-productive and extractive.”
—Robert Breedlove

Money, Banking, and the Federal Reserve (Mises Institute)

“If You Have A Central Bank, You’re 50% Communist Out Of The Gate.” (Nick Gillespie, Robert Breedlove / ReasonTV)

The Federal Reserve is responsible for far more of the evils in this world than you can possibly imagine (Peruvian Bull / Twitter Thread)

Century of Enslavement: The History of the Federal Reserve (James Corbett / The Corbett Report)

Discussion on Fiat, Central Banking, Price Distortion, and Wealth Inequality (Parker Lewis, Robert Breedlove, Brady Swenson / Swan Signal Live #32)

“If the American people ever allow private banks to control the issue of their currency…the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.”
—Thomas Jefferson

“I believe that banking institutions are more dangerous to our liberties than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale…The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
—Thomas Jefferson

“A private central bank issuing the public currency is a greater menace to the liberties of the people than a standing army.”
—Thomas Jefferson

That Time a United States President Told the Central Bank “Go Fuck Yourself” (@SatsForLife)

Central Banks Are Inflation Creators, Not Inflation Fighters (Josh Hendrickson)

The Ethics of Money Production (Jörg Guido Hülsmann)

Why The Whole Banking System Is A Scam (Godfrey Bloom, The Crypto Couple)

Behind Enemy Lines of the Bank of International Settlements (Sam Callahan, Cedric Youngelman / Bitcoin Matrix Pod)

How the IMF and World Bank Repress Poor Countries and Funnel Resources to the Rich (Alex Gladstein)

How the IMF and World Bank Repress the Poor (Alex Gladstein, Robert Breedlove / What Is Money Show #263)

Anatomy of a Scam, The IMF and World Bank Empire (Guy Swann / Bitcoin Audible / Guy’s Take #63)

The REAL Impact of the IMF & World Bank (Sam Callahan, Alex Gladstein, Preston Pysh / We Study Billionaires #BTC107)

IMF & World Bank Misery Industry (Saifedean Ammous, Alex Gladstein / Bitcoin Standard Pod #155)

Will Bitcoin Replace the Federal Reserve? (Tim Draper, Jeff Kilburg / Bitcoin 2021 Conference)

Central Banking Imperialism, Monetary Reset & Malthusian Forever Wars (LaserHodl, Cedric Youngelman / Bitcoin Matrix Pod #97)

Masters And Slaves Of Money (Robert Breedlove)

• Written version
• Video Documentary Version (Power Laws)
• BitBlockBoom Talk
• Masters and Slaves of Money: Further Discussion (Mark Moss, Robert Breedlove)

Bitcoin vs. Slave Money (Robert Breedlove, Stephan Livera / Stephan Livera Pod #204)

“Money is a tool for trading human time. Central banks, the modern-era masters of money, wield this tool as a weapon to steal time and inflict wealth inequality. History shows us that the corruption of monetary systems leads to moral decay, social collapse, and slavery. As the temptation to manipulate money has always proven to be too strong for mankind to resist, the only antidote for this poison is an incorruptible money — Bitcoin.”
—Robert Breedlove

“Banking was conceived in iniquity and was born in sin. The bankers own the earth…If you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.”
—Sir Josiah Stamp

“Money is a tool for trading human time. Central banks, the modern-era masters of money, wield this tool as a weapon to steal time and inflict wealth inequality. History shows us that the corruption of monetary systems leads to moral decay, social collapse, and slavery. As the temptation to manipulate money has always proven to be too strong for mankind to resist, the only antidote for this poison is an incorruptible money — Bitcoin.”
—Robert Breedlove

“‘Federal reserve’, while in reality it is neither federal nor does it have sufficient reserves. This is what you usually call a Ponzi scheme.”
—@CarlBMenger

The Creature From Jekyll Island Presentation (G. Edward Griffin)

The Creature From Jekyll Island (G. Edward Griffin, Aleks Svetski / Wake Up Pod #42)

A truly wild moment from the House Financial Services Committee (@unusual_whales / Twitter)

How Banks Really Work – And Why They Fail (Joe Brown / Financial Heresy Pod)

📚 The Creature From Jekyll Island (G. Edward Griffin) ➡️ Order on Amazon

📚 The Lords of Easy Money (Christopher Leonard) ➡️ Order on Bookshop.org / Order on Amazon

📚 The Secrets of the Federal Reserve (Eustace Mullins) ➡️ Order on Bookshop.org / Order on Amazon

Also see:

• SECTION 5.18: Bitcoin + Human Rights / Activism / Government Fuckery of All Levels
• SECTION 5.46: Bitcoin + Traditional Finance / Stocks / Bonds / Banking
• The Greatest Trick Central Banks Ever Pulled (Parker Lewis, Stephan Livera / Stephan Livera Pod #263) 
• All Wars Are Banker Wars (Michael Rivero) 
• Richard Cantillon Debunked The Central Banking Scam In The 18th Century (Bitcoin News) 
• How Central Banking Increased Inequality (Louis Rouanet / Mises Institute)

1.4. The Fiat Problem

Short Film: “Happiness” (Steve Cutts)

“Now, here, you see, it takes all the running you can do, to keep in the same place.”
—The Red Queen, Alice in Wonderland

“Rather than empowering people, [debt-based currencies] turn them into modern-day indentured servants, endlessly stuck on a hamster wheel with little to no hope of getting off. This is not an accident, it’s a tried and tested tool which, when combined with incessant mass media propaganda, is an effective way of creating a submissive, confused, and desperate underclass.”
—Michael Krieger

“The bankers will ensure we stay in debt. The pharmaceutical companies will ensure we stay sick. The weapons manufacturers will ensure we keep going to war. The media will ensure we are prevented from knowing the truth. The Government will ensure all of this is done legally.”
—Unknown

“As a kid I loved the beach but was never good at building sandcastles. They usually looked like deformed huts when I was done, so I settled for ‘sand hills’. I would pile sand up and see how tall I could get the hill to be. It was a difficult endeavor because most of the sand would just slide down the sides of the hill. Very little of it stayed on top. Fiat is like that. You keep pouring your effort into making more money to try and grow your stack, but most of it slides down the slippery slope of inflation.”
—Jonathan Leger

The Root Cause of Societal Ills (Macro Jack / Twitter Thread)

America’s Wealth Gap — How They Keep You Poor By Design (Rob Soltan / YouTube)

Why Fiat Money Is Evil (Jimmy Song)

A Nation of Rent Seekers (Jimmy Song)

A Declaration of Monetary Independence (Jimmy Song)

The Greatest Trick Ever Played, and How Bitcoin Shatters The Illusion (Andrew Axelrod)

“The inevitable conclusion of every fiat experiment is that you must become an investor to outpace the loss of purchasing power resulting from currency debasement.” (@anilsaidso)

Fiat Money As Fad Diet (Alex Gladstein, Stephan Livera / Stephan Livera Pod #6)

“Caffeine from Monday to Friday to energize you enough to make you a productive member of society, and alcohol from Friday to Monday to keep you too stupid to figure out the prison that you are living in.”
—Bill Hicks

“We now live in a nation where doctors destroy health, lawyers destroy justice, universities destroy knowledge, governments destroy freedom, the press destroys information, religion destroys morals, and our banks destroy the economy.”
—Chris Hedges

The Pillars That Held Us Up Now Hold Us Back (Tomer Strolight)

Short Film: “In The Fall” (Steve Cutts)

Fiat World Makes Everything a Scam (Carnivore Aurelius / Twitter)

The Failures of Fiat (Michael Saylor, Robert Breedlove / What Is Money Show)

Does the National Debt Matter? (Lyn Alden)

“Success consists of being able to secure ever-growing quantities of debt as you pass through the stages of life: a big college loan that allows you to get into the best paying job, whose salary will allow you a larger loan for a large house and another loan for a car. With more hard work at the company and dedication to its cause, you may succeed in getting an even larger negative balance of fiat for a bigger home and fancier car. Should you succeed even more and start your own business, you do not do it with your own accumulated capital, but rather with a bigger loan. The larger and the more successful the business, the more you are able to borrow. In sum, success in fiat means accumulating larger negative cash balances, and people live their entire lives stacking debt obligations upon themselves.”
—Saifedean Ammous

The End of Super Imperialism (Alex Gladstein)

“A big problem we have is that people can’t really think anymore. They don’t understand the nuance of things, and they don’t take the time for the second, third, fourth, fifth orders of the thought process. Example: ‘Gas prices are really high, so the state should give people money to offset those high expenses.’ Well that sounds like a good idea! Those people need help, so why don’t we just give them money? Ok, but then what happens? Where do we get the money from? Well, we have to go into more debt. And then what happens? Well then we have to print more money, which debases the rest of the money. And then what happens? Prices go up. And then what happens? It becomes even harder for families to afford things. And then what happens? Instead of one family member working, two of them have to work. And then what happens? Well now they don’t have any time for their relationship. And then what happens? Divorce rates go up. And then what happens? Kids don’t have a proper household to be raised in. And then what happens? An entire generation grows up without role models, and we devolve into a lawless society…”
—Mark Moss

Your life on the fiat standard (Macro Jack / Twitter)

Time Theft & Despair in the West (Macro Jack)

How The Fiat System Works (Saifedean Ammous, Preston Pysh / The Investor’s Pod #BTC057)

The Cultural and Spiritual Legacy of Fiat Inflation (Jörg Guido Hülsmann)

The Cultural Consequences of Fiat Money (Jörg Guido Hülsmann)

How Fiat Money Changes Culture (Stephan Livera)

“People are saying, ‘Wait a second, this isn’t what I was told about The American Dream.’ The American Dream was not, ‘Hey, you work hard and you buy a house, and then they blow up the economy, and then I can’t afford my mortgage payments because I get laid off from the crisis, and now a hedge fund who has political connections gets to buy my house?'”
—Luke Gromen

Fiat is the Ultimate Ponzi (Lawrence Lepard, Dennis Porter)

Fiat Money Breaks Capitalism, and Bitcoin Fixes it (Hannah Wolfman-Jones)

How Capital Misallocation Warps Money (Steven Lubka, Peter McCormack / What Bitcoin Did #574)

It’s Not Late-Stage Capitalism, It’s Late-Stage Fiat (Logan Bolinger)

The Issue with the Legacy Financial System and How Bitcoin Fixes All of it (Saifedean Ammous, Tom Bilyeu / Impact Theory)

Max Keiser Poetry Slam on Financial Terrorism (Max Keiser)

Short Film: “A Modern Odyssey” (Lubomir Arsov / IN-SHADOW)

📚 The Fiat Standard (Saifedean Ammous) ➡️ Order on Bookshop.org / Order on Amazon

📚 Dishonest Money: Financing the Road to Ruin (Joseph Plummer) ➡️ Order on Bookshop.org / Order on Amazon

“This great [fiat] sickness is much like the air you breathe, all around you and necessary to keep you alive yet something you never give even a moment’s thought. Then one day, you see it and you can’t stop seeing it, everywhere. You hear it, you taste it, you smell it, and you touch it, everywhere. And you shout as loud as you can, look there, do you not see it too?!”
—Simply Bitcoin

“Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don’t need. We’re the middle children of history, man. No purpose or place. We have no Great War. No Great Depression. Our Great War’s a spiritual war… our Great Depression is our lives. We’ve all been raised on television to believe that one day we’d all be millionaires, and movie gods, and rock stars. But we won’t. And we’re slowly learning that fact. And we’re very, very pissed off.”
—Tyler Durden, Fight Club (1999)

Also see:

• SECTION 1.3: Intro to Central Banking
• SECTION 1.6: Inflation vs. Deflation
• SECTION 1.9: Why is Separating Money and State Important?
• SECTION 3.3: Bitcoin vs. Fiat
• SECTION 4.2.2: Fiat vs. Bitcoin: Environmental Impact Comparison
• SECTION 5.18: Bitcoin + Human Rights / Activism / Government Fuckery of All Levels
• SECTION 5.19: Bitcoin + Inequality / Fairness
• SECTION 5.40: Bitcoin + Society
• Fiat Politics Suck (Jimmy Song)
• Fixing the Incentives Series (Jimmy Song)
  
  • Part 1: The Fiat Treadmill Keeps Us From Storing Value
  • Part 2: Fiat Money Fuels Broken Corporations
  • Part 3: How Fiat Funds National Corruption
  • Part 4: How Fiat Money Broke The World
• Why Bitcoin Will End The Worst Heist In History (Tomer Strolight) 
• The Last Time These 3 Cycles Converged, The Whole World Changed (Mark Moss, Cedric Youngelman / Bitcoin Matrix Pod)
• Short Film: “Hard Money” (Richard James)
• Bitcoin, The Most Important Innovation of Your Lifetime? (Paul Saladino, Saifedean Ammous / Fundamental Health #131)
• The Economic Philosophy of Bitcoin (Michael Gladstein, Nik Bhatia / The Bitcoin Layer) 
• Documentary: “Four Horsemen” (Ross Ashcroft, Dominic Frisby, Max Keiser, John Perkins, Joseph E. Stiglitz, Richard G. Wilkinson, Phillip Blond, Dr. Kaiser Bengali, David Morgan, James Turk, Michael W. Hudson, Gillian Tett / Renegade Inc.)
• Short Film: “The American Dream” (Tad Lumpkin, Jess Harnell, D.C. Douglas) 
• Bitcoin’s Meme Wars (DerGigi)
• The Most Harrowing Interview I Have Ever Conducted (@Nackoo2000, Daniel Prince / Once Bitten Pod #327)
• Banks, Digital Money, and a Cat (Guy Swann / Bitcoin Audible [Guy’s Take #65])

1.5. What Is “The Cantillon Effect”?

“Expansionary monetary policy constitutes a transfer of purchasing power away from those who hold old money to whoever gets new money.”
—azizonomics.com

“According to the Cantillon Effect, those closest to the point of new money creation benefit disproportionately through higher incomes and higher net worths, while those further away benefit less, and may experience only the inflationary aspects of the first group’s money spending.”
—Matthew Kratter

“The Cantillon Effect refers to the change in relative prices resulting from a change in money supply…The first recipient of the new supply of money is in the convenient position of being able to spend extra dollars before prices have increased. But whoever is last in line receives his share of new dollars after prices have increased.”
—Nicolás Cachanosky

“Those who eat their fill speak to the hungry of wonderful times to come.”
—Bertolt Brecht

Short Film: “Next Floor” (Denis Villeneuve)

Cantillon Effect Explained Easily (Pierre Corbin, Bitcoin News)

Richard Cantillon Debunked The Central Banking Scam In The 18th Century (Bitcoin News)

Money printing only benefits the ones closest to Fed at the expense of everyone else. (Ron Paul, @CarlBMenger / Twitter)

Cantillon Effect 2.0: Bitcoin is the World’s First Truly Fair Money (CK Snarks, Deniz Saat)

In Fiat, The House Always Wins (Guy Swann / Twitter)

How Money Printing Helps The Rich [The Cantillon Effect] (Matthew Kratter / Bitcoin University)

The Cantillon Effect: The Fiat Faucet (@anilsaidso)

“The people who benefit [from money-printing] are the wealthy…the people who are friends with the money printers. When you inflate the money supply, those new dollars are first handed to specific industries and people that the government, Federal Reserve, and commercial bankers choose. These ‘chosen ones’ now benefit from the fact that the rest of the economy has not adjusted its prices to that new amount of money…by the time that ripples all the way to people like you and I, we have to just bear the brunt of the higher prices.”
—Michael Goldstein

“I am opposing a social order in which it is possible for one man who does absolutely nothing that is useful to amass a fortune of hundreds of millions of dollars, while millions of men and women who work all the days of their lives secure barely enough for a wretched existence.”
—Eugene V. Debs, 1918

“The pinnacle of society now is being a really rich slave.”
—Captain Sidd

“Money printing is universal basic income for rich people.”
—Margot Paez

Also see:

• Are Politicians and Billionaires All Hypocrites? (Natalie Brunell, Bari Weiss, Stacy Herbert, Binyamin Appelbaum, Sven Henrich, Andrew Tate / Hard Money Show)
• Wealth Inequality and Bitcoin (Guy Swann / Tuscon Bitcoin Pod) 
• Bitcoin, a Cosmic Ledger Bringing Karmic Justice (Nozomi Hayase) 
• The Cultural Consequences of Fiat Money (Jörg Guido Hülsmann) 
• The Bitcoin Difference: Bitcoin vs Fiat (Freddie New, @BitcoinConfUK) 
• Bitcoin As Base Money (Brian Harrington, Jack Spirko / Survival Podcast #3101)

1.6. Inflation vs. Deflation

Inflation (noun): An increase in the supply of money, resulting in increasing prices of goods and services across the economy.

Deflation (noun): A decrease in the supply of money, resulting in decreasing prices of goods and services across the economy.

“Inflation is engineered by governments for the gain of governments.”
—Friedrich Hayek

“Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason all those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy.”
—Friedrich Hayek

“The abundance of money makes everything else more expensive…The great difficulty consists in knowing in what way and in what proportion…”
—Richard Cantillon

Documentary: “Inflation, The Hidden Tax” (Peter McCormack, Dominic Frisby, Danny Knowles, Neil Berkley, Curt Taylor, Isai Espinoza, Emma Firman, Zachariah Daly, Richie Carvill, Dylan Chant / What Bitcoin Did)

We are told we need inflation. This is not true. It only seems true because the rules of the game were designed that way. (Jeff Booth / Twitter)

How Inflation Is Stealing Your Wealth (Jeff Booth / Pomp Podcast #572)

Our Deflationary Future (Jeff Booth, Stephan Livera / Stephan Livera Pod #191)

Why Deflation Is The Key To An Abundant Future (Jeff Booth, John Vallis / Bitcoin Rapid Fire #40)

The Price of Tomorrow (Jeff Booth / Bitcoin Magazine Pod)

Deflation (Jeff Booth, Saifedean Ammous / Bitcoin Standard Pod #18)

How Everyone is Wrong About Inflation (Jeff Booth, Mark Moss / Mark Moss Show)

Why Deflation is the Key to Abundance (Jeff Booth, Peter McCormack / What Bitcoin Did #651)

Why a Fixed Supply Money Does Not Lead to Economic Catastrophe (John Haar)

Price Deflation & The Horrors of Falling TV Prices (Kyle Ward)

Inflation: How The Government Is Scamming You (Saifedean Ammous / Lex Fridman Pod clip)

“The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.”
—Ludwig von Mises

Inflation as a Stealth Tax (Daniel J. Sanchez / Mises Institute)

Deflation and Liberty (Jörg Guido Hülsmann)

Inflation and Deflation (Ludwig von Mises)

When More Isn’t Better: Inflation in the 21st Century (Sebastian Bunney)

10 Myths About Inflation (Professor Antony Davies / Learn Liberty)

What Is Inflation? (@BTCBap / Bitcoin Kindergarten #64)

Technology is deflationary. (@WalkerAmerica)

Deflation and The End of Fiat (Morgen Rochard, Pierre Rochard, Steve Sanduski / Digital Money Advisor)

But Hoarding Money Destroys The Economy! (Guy Swann / Guy’s Take #48 / Bitcoin Audible)

Rent Seeking Savers! (Guy Swann / Guy’s Take #58 / Bitcoin Audible)

Walking Tall (Guy Swann / Guy’s Take #36 / Bitcoin Audible)

Bitcoin’s “Naive” Monetary Policy (Guy Swann / Read #553 / Bitcoin Audible)

Forty Centuries of Wage and Price Controls: How Not to Fight Inflation (Robert L. Schuettinger, Eamonn F. Buder)

📚 The Price of Tomorrow (Jeff Booth) ➡️ Order on Bookshop.org / Order on Amazon

📚 Fraudcoin: 1000 Years with Inflation as a Policy (Rune Østgård) ➡️ Order on Amazon

“Inflation is a wealth redistribution scheme. [Governments] are taking from everybody else, to give to themselves. There’s something really wrong about that, right?”
—Jimmy Song

“Artificial price inflation is destabilizing. Natural price deflation is civilizing.”
—Robert Breedlove (paraphrasing Alfred North Whitehead)

“I find it hard not to call this the greatest con in human history. They’ve been stealing vast swaths of our time, energy, effort, wealth…just by tweaking the money supply.”
—Robert Breedlove

“Who are the people saying these silly things like ‘hyperinflation is good for economies’? It’s those who are closest to the money spigot—the politicians, the intellectuals, the socialized intellectuals…Of course, they have reason to perpetuate this nonsense.”
—Heavily Armed Clown

“No matter how modest or benign it may seem at first, an inflationary policy is always fatal in the long run. It has been tried many times and has always failed. It does not solve the problems of the society; it aggravates them and leads inexorably on toward self-destruction.”
—William Ophuls

Also see:

• • SECTION 5.20: Bitcoin + Inflation
  • How Inflation Precipitates Societal Collapse (Academy of Ideas)
  • The Cultural and Spiritual Legacy of Fiat Inflation (Jörg Guido Hülsmann)
  • The Cultural Consequences of Fiat Money (Jörg Guido Hülsmann) 
  • How Fiat Money Changes Culture (Stephan Livera)
  • The Greatest Trick Central Banks Ever Pulled (Parker Lewis, Stephan Livera / Stephan Livera Pod #263)
  • How Bitcoin Enforces the Golden Rule (Jonathan Leger)
  • Bitcoin & The Return To Prosperity Through Deflation (Jeff Booth, Nik Bhatia / The Bitcoin Layer) 
  • Bitcoin and Technology Bridge to an Abundant Future (Jeff Booth / The Weekly HODL) 
  • How Technological Deflation is Driving Central Banks (Jeff Booth / Real Vision Finance) 
  • Technology vs Inflation (@ValestrandRoger, Jeff Booth / @EuroDale, @kongerik_et) 
  • Bitcoin’s Signal in the Noise (Jeff Booth, Stephan Livera  / Stephan Livera Pod #408) 
  • The Illusion of Reality (Seb Bunney / Looking Glass Education) 
  • Inflation vs Your Savings (Daz Bea)
  • The Greatest Game (Jeff Booth)
  • The Issue with the Legacy Financial System and How Bitcoin Fixes All of it (Saifedean Ammous, Tom Bilyeu / Impact Theory)
  • Jeff Booth on the Jay Martin Show (Jeff Booth / Jay Martin Show)
    
    • Part 1: Inflation vs. Deflation and Technological Progress
    • Part 2: Decentralization and Resetting the Game
    • Jeff Booth Series (Jeff Booth, Robert Breedlove / What Is Money Show) 
    • Economically Incentivized Innovation Sets Bitcoin Apart: Unitary Money (Colin Crossman) 

1.7. What is “Time Preference” and How Does it Relate to Money?

“Ignoring time preference is the fundamental error behind monetary planning.”
—Alasdair Macleod

“Low time preference is the foundation of a sustainable society. It means people are willing to delay gratification and invest resources in the future for the greater good. Society today is doing the opposite by borrowing (stealing) from the future to pay for the present.”
—Conor Chepenik

Fiat Mindset vs. Bitcoin Mindset (Jake Woodhouse)

Reflection: High Time Preference vs Low Time Preference (Megan Karp)

Time Preference Is The Most Important Aspect Of Economics (Saifedean Ammous, Daniel Prince / Once Bitten! Pod)

Hard Money and Time Preference Lecture (Saifedean Ammous)

Lowering your time preference is a life-long pursuit. (Jimmy Song)

Time Preference: Hard Money for Hard Times (@anilsaidso)

Bitcoin and Behavior Change (Dr. Mark Stephany, John Vallis / Bitcoin Rapid Fire)

Bitcoin will merge your low time preference for health with technology and money (@noelynesumba / Twitter)

Bitcoin And Time Preference (Bit Illustrated)

Bitcoin and Time Preference (@WartimeBitcoiner)

“Bitcoiners who earnestly believe in a better monetary world, and aren’t afraid to bring that reality to bear, are the equivalent of masons and laborers, working on a monetary cathedral which they may never see come to fruition.”
—Nic Carter

“The beautiful thing about Bitcoin is that it tends to return to us the gift of long-term thinking.”
—Logan Bolinger

Also see:

• • • SECTION 5.48: Bitcoin + Time
    • SECTION 5.45: Bitcoin + Stress / Mental Illness / Short-Term-Thinking
    • Time Preference: A Little Now Or A Lot Later? The Bitcoin Standard Chapter Summary (Nikolai Explains)
    • Wine-maker on a Bitcoin Standard (Ben Justman, John Vallis / Bitcoin Rapid Fire) 
    • Bowls with Buds: Gigi (DerGigi / Bowl After Bowl #168)
    • A Chat with Robert Breedlove at Pacific Bitcoin (Robert Breedlove, Brandon Quittem / Pacific Bitcoin 2022)
    • The Economic Philosophy of Bitcoin (Michael Gladstein, Nik Bhatia / The Bitcoin Layer) 
    • Bitcoin vs. Collectivism (@WartimeBitcoin / Simply Bitcoin)
    • Austrian Economics (Mark Moss, Aleks Svetski / Mark Moss Show) 

1.8. Austrian vs. Keynesian Economics

“Whoever controls the volume of money in any country is absolute master of all industry and commerce…when you realize the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”
—James A. Garfield

“Through a long evolution, governments, or certain groups of governments, have promoted the idea that money is not simply a market phenomenon, but that it is whatever the government calls money. But money is not what the government says…Money is the generally accepted and generally used medium of exchange; it is not something created by the government; it is something created by the people buying and selling on the market.”
—Ludwig von Mises

“What is called a planned economy is no economy at all. It is just a system of groping about in the dark.”
—Ludwig von Mises

Didn’t Get Lucky—Studied Austrian Economics (@My_Livin_Truth / Twitter)

Austrian Economics vs. Keynesian Economics Explained in One Minute (One Minute Economics / YouTube)

The Broken Window Fallacy (Professor Art Carden / Learn Liberty)

What is The Parable of the Broken Window? (Professor Dan Russell / Learn Liberty)

The Broken Window (Henry Hazlitt / Mises Institute)

Why Not Print More Money? (Professor Antony Davies / Learn Liberty)

Keynes vs. Hayek Rap Battle (Econ Stories / YouTube)

• • • Part 1
    • Part 2

Deck The Halls With Macro Follies (Econ Stories / YouTube)

Austrian Economics vs. Keynesian Economics (Rob Soltan / YouTube)

Austrian vs. Keynesian Economics (Vijay Boyapati, Dennis Porter)

7 Minute History of Austrian Economics (Learn Liberty)

Why Paul Krugman is Wrong: Austrian Economics vs Keynesian Economics (Saifedean Ammous / Lex Fridman Pod)

Paul Krugman’s 10-Year History of Being Wrong About Bitcoin (Kyle Torpey)

Austrian Economics and Saylor.org – Twitter Spaces Interview (Michael Saylor, Saifedean Ammous)

Keynesian Economics and Deficit Spending (Jacob Clifford / YouTube)

The Difference Between Austrian and Keynesian Economics (Peter Schiff)

Intro to Austrian Thought (Stephan Livera / Stephan Livera Pod #71)

“Keynesians think that you can take water from the deep end of the swimming pool, pump it into the shallow end, and somehow the water level will rise.”
—Tom Woods

“A good way to think about Keynesian vs. Austrian is simply interventionist vs. non-interventionist economics. The interventionists suggest that: ‘Hey, we should play with interest rates, we should make the money supply elastic, we should use regulations to try and funnel money and productivity in particular directions.’ The non-interventionist school, or what I just call the ‘natural school’, says: ‘No, don’t do any of that, because every time you make one of those central planning decisions, you have unintended consequences downstream, which will deform the rest of the system, and you’ll forever be playing not only catch-up, but you’ll be making everything worse, since you’ll have additional magnification effects. Every time you press one button, ten other things will happen somewhere else.’”
—Aleks Svetski

Austrian Monetary Economics (Jörg Guido Hülsmann, Stephan Livera  / Stephan Livera Pod #51)

Bitcoin and Acting Locally (Jeff Deist, Stephan Livera  / Stephan Livera Pod #169)

How Money Arises (Joseph Salerno, Stephan Liverao / Stephan Livera Pod #186)

Choosing Bitcoin & Austrian Economics Over 13 Years in TradFi (John Haar, Stephan Livera / Stephan Livera Pod #422)

Use of Knowledge in Society (F. A. Hayek)

Organized Crime: The Unvarnished Truth About Government (Thomas J. DiLorenzo)

Austrian Economics vs. Keynesian and Monetarist Macroeconomics (Jonathan Newman / Mises Institute)

Austrian Economics (Mark Moss, Aleks Svetski / Mark Moss Show)

Bitcoin Brings the Values of Austrian Economics to Life (Aleks Svetski)

Predator-Prey Economics (Oswaldo Lairet, Robert Breedlove / What Is Money Show #217)

What If There Were No Prices? (Learn Liberty / YouTube)

Bitcoin’s Possibilities For Your Grandchildren (Jonathan Leger)

Entrepreneurs vs. Economists (Aleks Svetski / Wake Up Pod #10)

Keynes Destroyed Your Money – Bitcoin Fixes It (Jonathan Leger)

Failure of the ‘New Economics’ (Henry Hazlitt)

Complexity, Austrian Economics, and the Computational Limits of Central Planning (Aneesh Karve)

The Depression You’ve Never Heard Of, 1920-21 (Robert P. Murphy)

Bitcoin and Freedom (Guy Swann, Jack Spirko / Survival Podcast #3118)

The Economic Philosophy of Bitcoin (Michael Gladstein, Nik Bhatia / The Bitcoin Layer)

Bitcoin & The Austrian School of Economics (Peter St. Onge, Joe Consorti / The Bitcoin Layer)

Hayek and Bitcoin (Emile Phaneuf III)

📚 Choice: Cooperation, Enterprise, and Human Action (Robert P. Murphy) ➡️ Order on Bookshop.org / Order on Amazon

📚 Economics in One Lesson (Henry Hazlitt) ➡️ Order on Bookshop.org / Order on Amazon

📚 The Ethics of Liberty (Murray N. Rothbard) ➡️ Order on Bookshop.org / Order on Amazon

📚 Ethics of Money Production (Jörg Guido Hülsmann) ➡️ Order on Bookshop.org / Order on Amazon

📚 The Road to Serfdom (Friedrich Hayek) ➡️ Order on Bookshop.org / Order on Amazon

📚 Where Keynes Went Wrong (Hunter Lewis) ➡️ Order on Bookshop.org / Order on Amazon

📚 Principles of Economics (Saifedean Ammous) ➡️ Order on Bookshop.org / Order on Amazon

“If mankind is left to his own devices, he would settle down and naturally be a capitalist. Capitalism, free markets, laissez faire—whatever name we might give to the process where property is privately held and mankind goes about his ordinary business engaging in peaceable, voluntary exchange.”
—Walter E. Williams

Also see:

• • • SECTION 1.9: Why is Separating Money and State Important?
    • Bitcoin, Anarchy, and Austrian Economics (Saifedean Ammous / Lex Fridman Pod #284)
    • The Greatest Trick Central Banks Ever Pulled (Parker Lewis, Stephan Livera / Stephan Livera Pod #263)
    • Austrians, Capital & DeFi Yield (Allen Farrington, Stephan Livera / Stephan Livera Pod #396)
    • How Bitcoin Rectifies Easy Money’s Destruction of Growth and Prosperity (Captain Sidd) 
    • Bitcoin, The Most Important Innovation of Your Lifetime? (Paul Saladino, Saifedean Ammous / Fundamental Health #131)
    • Why Does Bitcoin Have Value? (Jeffrey A. Tucker)
    • Aneesh Karve Series (Aneesh Karve, Robert Breedlove / What Is Money Show)
    • The Dollar Endgame Approaches (Peruvian Bull, Daniel Prince / Once Bitten Pod)

1.9. Why is Separating Money and State Important?

“Permit me to issue and control the money of a nation, and I care not who makes its laws.”
—Mayer Amschel Rothschild

“All governments suffer a recurring problem: Power attracts pathological personalities. It is not that power corrupts, but that it is magnetic to the corruptible.”
—Frank Herbert

Short Film: “You Have No Choice” (George Carlin, The Outcome)

The fiat financial system is broken. It’s a system that needs constant intervention to avoid catastrophe (Macro Jack / Twitter)

30-Second Guide to Government Spending (@Rothmus / Twitter)

Government Control of Money Has Gone From Reward for Producing Value to Reward for Obedience to Government Officials (Saifedean Ammous / The Bitcoin Standard [pg. 70-72])

Separation of Money and State (Andreas Antonopoulos)

Gold, Peace, and Prosperity (Ron Paul)

Why The State Demands Control Of Money (Hans-Hermann Hoppe / Mises Institute)

• • • Written version
    • Audio version (Guy Swann / Bitcoin Audible [Read_229])

The Separation Of Money And State (Knut Svanholm)

• • • Written version
    • Video version (feat. Ioni Appelberg)
    • Audio version (Guy Swann / Bitcoin Audible [Read_505])

The Separation Of Money And State (Allen Farrington)

• • • Written version
    • Audio version (Guy Swann / Bitcoin Audible [Read_600])

Anatomy of the State (Murray N. Rothbard)

• • • Written version
    • Audio Version (Guy Swann / Bitcoin Audible [Read_386], [Read_387])
      • Part 1
      • Part 2

Short Film: “Anatomy Of The State” (Richard James)

The Case for Bitcoin to Separate Money From State (Ryan Bansal)

What If: The State Was Demonetized by Sound Money? (Ulric Pattillo)

“The government does not own the individual, the individuals employ the governments.”
—Adam Back

“You will never understand bureaucracies until you understand that for bureaucrats, procedure is everything and outcomes are nothing.”
—Thomas Sowell

“Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state.”
—Carl Menger

“The primary work undertaken by thieves to maintain their systems of thievery is manipulation. Deceit and lies are the tools of the trade for the thief. And there is no grander system of theft than the debt based monetary system of the US dollar, enforced under deadly monopoly powers and perverse amounts of public manipulation.”
—Simply Bitcoin

“Political language… is designed to make lies sound truthful and murder respectable, and to give an appearance of solidity to pure wind.”
—George Orwell

“When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it.”
—Frederic Bastiat

What Has Government Done To Our Money? (Murray N. Rothbard)

Science, Technology, and Government (Murray N. Rothbard)

Denationalisation of Money: The Argument Refined (F.A. Hayek)

The Proposition to Separate Money and State is Not As Radical As You May Think (Lyn Alden / Twitter Thread)

Is Monopoly a Justification for Government Regulation in Markets? (Lynne Kiesling / Learn Liberty)

The Minimum Wage Debate – Does it Hurt Workers? (Professor Antony Davies / Learn Liberty)

Are Minimum Wage Mandates Justification for Government Intervention? (Professor Don Boudreaux / Learn Liberty)

Minimum Wage Is A Cruel Policy For Poor People (Don Boudreaux / Learn Liberty)

Price Controls, Subsidies, and the Risks of Good Intentions (Adriene Hill, Jacob Clifford / CrashCourse)

Are Price Controls A Good Idea? (Professor Antony Davies / Learn Liberty)

“When government gives itself the power to print any quantity of money, it no longer needs citizens to create wealth and fund it by paying taxes due. It starts to think it can live without citizens, and buy votes by buying their pliant dependency. Thus it destroys liberty.”
—@BarnettEwin

Why Government Deficits Matter (Sheila Weinberg / Tuscon Bitcoin Pod)

Where Does The Money Come From? (Pierre Poilievre)

The US Dollar Is A Ponzi You Shouldn’t Invest In (Conor Chepenik)

It’s necessary to separate the state from finances with no room for compromise (Noelyne Sumba / Twitter)

Governments Use Money to Control Us, Bitcoin Makes That Impossible (Mark Maraia)

Money Printer = Death Star (Mark Moss, George Gammon / Rebel Capitalist Show)

The Separation of Business and State (Ryan Dawson, Phil Gibson / QPOL Pod)

African Startup Cities (Magatte Wade, Saifedean Ammous / Bitcoin Standard Pod #165)

New Rule: American Kleptocracy (Bill Maher)

If This Isn’t Corruption Then What Is? (Russell Brand)

It’s All Bullshit (Russell Brand)

Zeitgeist: The Movie (Peter Joseph)

“It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.”
—Thomas Sowell

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
—Henry Ford

“Civil disobedience becomes a sacred duty when the state has become lawless or corrupt.”
—Mahatma Ghandi

“I’d rather hold a risky asset that’s volatile than keep an investment in a system that’s going to hurt other people that I love and care about. I have friends that are Palestinian, and I find it utterly disgusting that I have to pay a government to actively work and fund people that want to kill them. You can use your money to non-violently resist, and I think that’s unequivocally the most important way to resist.”
—Erik Cason

“Bitcoin promises an alternative for citizens across the world to keep their savings in a form of money that can neither be confiscated nor diluted. If Bitcoin grows much larger, it may force governments to become a voluntary organization. Through hodling we may finally be free.”
—Dan Held

“The invention of Bitcoin made separation of money from the state possible for the first time in our history. Freed from a centralized image of god and the imposed moralism, we can now find within ourselves the authority to guide our own actions.”
—Nozomi Hayase

“Bitcoin’s true purpose is to separate money from state control, not to make overnight millionaires.”
—Raphael Schoen

Also see:

• • • SECTION 1.3: Intro to Central Banking
    • SECTION 1.8: Austrian vs. Keynesian Economics
    • How Bitcoin’s Sound Incentives Drive A Sound World (Stanislav Kozlovski) 
    • Short Film: “Hard Money” (Richard James)
    • The Perils of a Narrow, Unexamined Perspective, and the Influence of Fiat (Tyler Lindsay, John Vallis / Bitcoin Rapid Fire)
    • Wealth Inequality and Bitcoin (Guy Swann / Tuscon Bitcoin Pod)
    • Government, Bitcoin, and Economics (Jimmy Song / Tuscon Bitcoin Pod)
    • Understanding Time, Money, and Bitcoin from First Principles (Robert Breedlove, Brady Swenson / Citizen Bitcoin)
    • What is Money? (Erin Crawford / Death and Bitcoin Pod #2)
    • “What Is Money?” In Indonesia (Dea Rezkitha, Robert Breedlove / What Is Money Show #151)
    • Documentary: “Four Horsemen” (Ross Ashcroft, Dominic Frisby, Max Keiser, John Perkins, Joseph E. Stiglitz, Richard G. Wilkinson, Phillip Blond, Dr. Kaiser Bengali, David Morgan, James Turk, Michael W. Hudson, Gillian Tett / Renegade Inc.)
    • Forty Centuries of Wage and Price Controls: How Not to Fight Inflation (Robert L. Schuettinger, Eamonn F. Buder)
    • Fixing the Incentives Series (Jimmy Song)
      
      • Part 1: The Fiat Treadmill Keeps Us From Storing Value
      • Part 2: Fiat Money Fuels Broken Corporations
      • Part 3: How Fiat Funds National Corruption
      • Part 4: How Fiat Money Broke The World

1.10. Why is the Year 1971 Significant?

The Nixon Shock (YouTube)

WTF Happened In 1971 — Original Website (Ben Prentice, Heavily Armed Clown)

WTF Happened In 1971? (Ben Prentice, Heavily Armed Clown, Peter McCormack / What Bitcoin Did #213)

What Happened In 1971? (Ben Prentice, @phjlljp, @q_liketheletter)

WTF Happened in 1971? (Max Gagliardi / Twitter Thread)

The Gold Standard, Explained (Professor Lawrence H. White / Learn Liberty)

1971: The Year The World Changed (Mark Moss)

The percentage of young adults living with parents, grandparents, older siblings or roommates has nearly tripled since 1971 (@NPR / Twitter)

140 Years Of Monetary History In 10 Minutes (Mike Maloney)

The 50th Anniversary of the Fiat Fiasco 1971—2021 (Luke Mikic)

“Nothing is so permanent as a temporary government program.”
—Milton Friedman

Also see:

• • • The Truth Will Set Us Free (Erin Crawford / Death and Bitcoin Pod #6)
    • A response to Peter Zeihan on Joe Rogan (@Croesus_BTC)
    • Food Intelligence, Soil Health, and How Everything Changed in 1971 (Mike Hobart, Texas Slim / Texas Slim’s Vision)
    • All Wars Are Banker Wars (Michael Rivero)

1.11. What are the “Revolutionary Cycles” and Why Are They Important?

“There are constant cycles in history. There is loss, but it is always followed by regeneration. The tales of our elders who remember such cycles are very important to us now.”
—Carmen Agra Deedy

“The lessons of history would suggest that civilisations move in cycles. You can track that back quite far – the Babylonians, the Sumerians, followed by the Egyptians, the Romans, China. We’re obviously in a very upward cycle right now, and hopefully that remains the case. But it may not.”
—Elon Musk

Short Film: “Dinner For Few” (MAGNETFILM)

Bitcoin and the Rhythms of History (Brandon Quittem)

Bitcoin is Fourth Turning Money (Brandon Quittem, Peter McCormack / What Bitcoin Did #282)

The Fourth Turning Revisited (Brandon Quittem, Peter McCormack / What Bitcoin Did #433)

“Whether we look at the rise and fall of the Roman Empire, the Byzantine Empire, or the European succession of empires, including the Portuguese, the Spanish, the Dutch, the French, or the British, the story is always the same: build your society atop a strong sound currency, inflate the currency, grow beyond your means, collapse your society, rinse and repeat.”
—Simply Bitcoin

Open Sourcing Monetary Monopoly (Simply Bitcoin)

3 Revolutionary Cycles Converging (Mark Moss / YouTube Playlist)

The Last Time These 3 Cycles Converged, The Whole World Changed (Mark Moss, Cedric Youngelman / Bitcoin Matrix Pod)

Converging Cycles (John Vallis, Mark Moss / Bitcoin Rapid Fire)

Bitcoin & The Battle For The Fate of Humanity (Mark Moss, Peter McCormack / What Bitcoin Did #434)

Why Does Bitcoin Matter? (Dan Held, Brandon Quittem, John Vallis / Bitcoin Rapid Fire)

The Big Bang Series (Luke Mikic)

• • • • Part 1 – Introduction to Cycles
      • Part 2 – Bitcoin and The Long Term Debt Cycle
      • Part 3 – Is This Bull Run Bitcoin’s Final Cycle?

Bitcoin & The Big Bang to End All Cycles (Luke Mikic, Steve McNamara / Wild Man Revolution Pod #2)

“Insanity is doing the same thing over and over and expecting different results.”
—Albert Einstein

“Perhaps this is the inevitable fate of humanity. An unending cycle of booms and busts as we grow. Or, perhaps not. Perhaps instead, we are on the brink of something akin to harnessing fire or learning how to sail the seas.”
—Simply Bitcoin

📚 The Fourth Turning (Neil Howe, William Strauss) ➡️ Order on Bookshop.org / Order on Amazon

📚 The Collapse of Complex Societies (Joseph Tainter) ➡️ Order on Bookshop.org / Order on Amazon

2. Crypto

Note: “crypto”, “cryptocurrency”, and “altcoins” are interchangeable terms signifying the plethora of digital tokens created following Bitcoin’s launch in 2009.

2.1. Bitcoin vs. Altcoins

“They muddy the water to make it seem deep.”
—Friedrich Nietzsche

Bitcoin vs. Altcoins (BTC Sessions)

My Path To Bitcoin Maximalism (BTC Sessions)

Why Bitcoin Is Different (Sam Callahan)

• • • • Part 1
      • Part 2

Saifedean Ammous on Altcoins (Clip From Why Only Bitcoin? w/ Practical Islamic Finance)

“Blockchain Technology is the Real Invention, Not Bitcoin!” Response (Nikolai Explains)

Why Altcoins Are Technically Flawed (Nadav Kohen, Peter McCormack / What Bitcoin Did #369)

Finding Bitcoin Signal (Jeff Booth, Peter McCormack / What Bitcoin Did #584)

The Blockchain Revolution Myth (Jimmy Song, Peter McCormack / What Bitcoin Did #113)

Why Bitcoin Is Different (Jimmy Song)

Why Hard Forks Are Altcoins (Jimmy Song)

Why Blockchain is Hard (Jimmy Song)

Why Bitcoin but not Blockchain? (Jimmy Song)

Why Blockchain is Not the Answer (Jimmy Song)

Why Cryptocurrency Diversification Makes Little Sense (Jimmy Song)

“An alterable blockchain is a functionally pointless exercise in engineering sophistry: it uses a complex & expensive method for clearance to remove intermediaries & establish immutability, but then grants an intermediary the ability to overturn that immutability.”
—Saifedean Ammous

Bitcoin Can’t Be Copied (Parker Lewis)

Bitcoin Not Blockchain (Parker Lewis)

Can Bitcoin Be Copied? (Till Musshoff)

Bitcoin Will Replace The Dollar, Not “Crypto.” (Jack Dorsey / Twitter)

Why Bitcoin’s Imitators Are Scams (Tomer Strolight)

Altcoin Incentives Guarantee Centralization (Saifedean Ammous / The Bitcoin Standard)

Altcoin CEOs’ Primary Goal is not to Enforce the Code, but to Protect Their Own Wealth (Saifedean Ammous / The Bitcoin Standard)

Why Bitcoin is Superior to Altcoins (Pete Rizzo, Saifedean Ammous)

Bitcoin vs. Altcoins (Andreas Antonopoulos / Presentation Clip)

Bitcoin vs. Blockchain (Andreas Antonopoulos)

Why Bitcoin And Not The Others (JW Weatherman, Stephan Livera / Stephan Livera Pod #4)

Money is Winner-Take-All (Saifedean Ammous / The Bitcoin Standard)

Why Cryptocurrencies are a Scam (Aleks Svetski / Wake Up Pod #8)

Why Bitcoin, Not Shitcoin (Aleks Svetski)

How Bitcoin Destroys All Altcoins (Matthew Kratter / Bitcoin University)

Your Altcoin is Dying, Son (Matthew Kratter / Bitcoin University)

Meme Perfection: Your Brain On Altcoins (@notgrubles / Twitter)

Bitcoin and Altcoins are Not in the Same Asset Class (Sam Callahan)

Altcoin Ethics (Pete Rizzo, Jimmy Song / Bitcoin Fixes This Pod #63)

Bitcoin, Not Crypto: A Comparative Analysis of Bitcoin’s Fundamentally Unique and Irreplicable Properties (Vijay Selvam)

Neutral Money: Why Bitcoin Stands Apart (Bitcoin Policy Institute)

Why Altcoins Are A Waste of Your Time (DerGigi / Twitter Thread)

My Reasoning For Bitcoin Maximalism (DerGigi / Twitter Thread)

Bitcoin & shitcoins are opposites (DerGigi / Twitter)

ICOs Are Cancer (Michael Flaxman)

print token; 2. create non-profit foundation; 3. ‘donate’ token to foundation; 4. dump token (@anilsaidso / Twitter)

Bitcoin Maximalism — Capital Factory Presentation (Michael Flaxman)

The Shitcoin Standard (Saifedean Ammous / Bitcoin Standard Pod #39)

Bitcoin vs. Altcoins Network Effect Visualized (@Croesus_BTC / Twitter Thread)

Bitcoin Not Crypto (Lyn Alden / Twitter Thread)

Shitcoiner to Bitcoiner (Josh Khon, Cory Tucek / Bitcoin Made Simple #71)

Why Crypto is a Scam But NOT Bitcoin (Mark Moss)

The Great Reset Of Crypto Is Happening (Mark Moss)

Why Crypto Won’t See Another Bull Market (Mark Moss)

Why Bitcoin IS NOT Crypto (Lyn Alden / Swan Signal Live)

Why Your Altcoin is Worthless – Clubhouse Debate (Guy Swann / Shitcoin Insider #5)

Shitcoins: A Reasoned Refutation (Blue Collar Bitcoin #10, #11)

• • • • Part 1
      • Part 2

Saying Hello to Bitcoin (Pierre Rochard)

War Dogs – Crypto Edition (Gioele Mussa)

“There’s Bitcoin and then there’s shitcoin.”
—Warren Davidson, United States Representative, Ohio

“There is no second best.”
—Michael Saylor

Also see:

• • • • SECTION 2.3: Centralization vs. Decentralization
      • The Lie of “Faster” Altcoins (@ProgrammableTx / Twitter Thread)
      • Bitcoin’s Incentives Are Perfect (Tomer Strolight, Nico Moran / Bitcoin Magazine)
      • Finding Signal In A Noisy World (Jeff Booth)
      • What Sets Bitcoin Apart From Other Cryptocurrencies (Craig Deutsch)
      • Bitcoin is Our Best Shot At Decentralized Finance (Captain Sidd)
      • Dear Crypto & Fiat Bros (DerGigi)
      • Bitcoin Is the Rediscovery of Money (DerGigi)
      • Finding Signal in a Noisy World (Jeff Booth, Cedric Youngelman / Bitcoin Matrix Pod)
      • Bitcoin Maximalism, Altcoins and Satoshi (Pete Rizzo, Saifedean Ammous / Bitcoin Standard Pod #83)
      • Bitcoin and Time (DerGigi, Saifedean Ammous / Bitcoin Standard Pod #73)
      • Finding Bitcoin’s Signal in a Noisy World (Jeff Booth, Preston Pysh / We Study Billionaires #BTC100)
      • Bitcoin & The Big Bang to End All Cycles (Luke Mikic, Steve McNamara / Wild Man Revolution Pod #2)

2.2. Proof Of Work (PoW) vs. Proof Of Stake (PoS)

“Consensus mechanisms that don’t involve work…instead involve governance.”
—Lyn Alden

Proof-of-Stake is Legacy Tech. Proof-of-Work is the New Innovation (Lyn Alden)

Proof of Work vs. Proof of Stake (Matthew Kratter / Bitcoin University)

Proof of Work’s Self-Healing Properties (Matthew Kratter / Bitcoin University)

Is This How Ethereum Dies? (Matthew Kratter / Bitcoin University)

Does Bitcoin Mining Waste Energy? (Matthew Kratter / Bitcoin University)

Proof of Stake recreates the fiat problem (Hodl Magoo)

Why PoW is a Superior Consensus Mechanism (Mir Quadri)

“Securities aren’t bad. Building liability relationships in a stock like $TSLA isn’t bad, but there’s a liability there with Elon, the company, the roadmap, etc. With proof-of-stake, your relationship with that asset is a liability. What you want is a monetary asset where there are no liability relationships. That’s the whole point! Proof-of-work solved that. Your relationship with Bitcoin is not a liability.”
—Jack Mallers

“If proof-of-work says: ‘We finally got an airplane to fly!’, proof-of-stake would say: ‘We know how to make it cheaper and faster—by just by not flying!'”
—Unknown

“Creating money cannot be free.”
—Jack Mallers

Bitcoin Mining Isn’t Wasteful — It Creates Abundance (@InterstellarBIt)

The People Will See The Value in Bitcoin’s Proof-of-Work (Ulric Pattillo)

Proof of Work: Tapping the Impenetrability of the Egyptian Pyramids (Tuur Demeester / Twitter)

More Immutable Than Stone (Simon Lutz / Twitter Thread)

Why Proof of Stake is Flawed (Lane Rettig, Peter McCormack / What Bitcoin Did #440)

Proof of Work vs. Proof of Stake (Nic Carter, Lucas Nuzzi, C.K. SNARKS / Bitcoin Magazine Spaces)

Proof Of Work Is Efficient (Dan Held)

Why It Takes Both Time and Energy to Make Bitcoins (Tomer Strolight)

Proof of Work vs. Proof of Stake (Tomer Strolight)

Proof Of Stake and Stablecoins (Lyn Alden)

• • • • Written version
      • Audio version (Guy Swann / Bitcoin Audible [Read_588], [Read_589])
        • Part 1
        • Part 2

Proof Of Stake And The Wrong Engineering Mindset (Hugo Nguyen)

• • • • Written version
      • Audio version (Guy Swann / Bitcoin Audible [Read_331])

The Anatomy of Proof-of-Work (Hugo Nguyen)

Work Is Timeless, Stake Is Not (Hugo Nguyen)

Bitcoin’s Seven Layers of Security (Michael Saylor, Robert Breedlove / What Is Money Show)

• • • • Part 1
      • Part 2

Is Ethereum’s Proof-of-Stake Merge A Good Thing? (Matthew Kratter / Bitcoin University)

Ethereum Stakers: The Ultimate Parasites (Matthew Kratter / Bitcoin University)

A Guide to Proof of Stake (Scott Sullivan)

Why is Proof of Work Important? (DerGigi / Twitter Thread)

What Happens After the Last Bitcoin is Mined? (Matthew Kratter / Bitcoin University)

PoW Mining Replaces Central Bankers. PoS Creates New Ones (@Level39 / Twitter Thread)

The Environmental Myth of Proof of Stake (Level 39)

PoW vs. PoS: Why Bitcoin Won’t Change (Namcios)

How the Incentives of PoW Are More Fair Than PoS (Mickey Koss)

PoW is Objective, PoS is Subjective (Alan Szepieniec)

Proof of Work vs Proof of Stake (Robert Breedlove, Bradley Rettler / What Is Money Show)

Like Bitcoin, Everything Important is Proof-of-Work (Joakim Book)

Proof of Stake (PoS) Versus Proof of Work (PoW) (Jason Lowery, Preston Pysh / We Study Billionaires #BTC098)

Bitcoin’s Energy Consumption – A Shift in Perspective (DerGigi)

How Proof-of-Work Works (Mark Morton, Jack Starling / Jack Starling Pod #5)

Jack Mallers Destroys Proof of Stake (Jack Mallers, Matt Miller / @crypto)

“PoS is often promoted as the ‘sustainable’ or ‘green’ way to verify transactions because it uses much less energy than PoW, which is factually true, although it comes with its downsides such as a few centralized parties or stakers deciding which transactions are valid. If this sounds somewhat like the traditional banking system you are correct, it essentially mirrors the system we have today with the federal reserve and banks being the centralized parties…I’d rather use dollars backed by the US military than a PoS crypto token with zero to little network effects and censorship.”
—Eric Podwojski

Also see:

• • • • Bitcoin Mining Isn’t Wasteful — It Creates Abundance (@InterstellarBit) 
      • Why Altcoins Are Technically Flawed (Nadav Kohen, Peter McCormack / What Bitcoin Did #369) 
      • It’s all about the energy, stupid (Max Gagliardi / Twitter Thread) 
      • Why Proof of Work is Necessary (Jonathan Leger) 
      • Power Projection and Human Imagination (Jason Lowery, Robert Breedlove / What Is Money Show)
      • Central Bank Digital Currencies vs. Bitcoin (Sam Callahan, Preston Pysh / We Study Billionaires #BTC097)
      • Deep Dive on Bitcoin Energy Misconceptions (Michael Saylor, Preston Pysh / We Study Billionaires #BTC099)
      • Why Ethereum’s Proof of Stake Merge is a Monumental Blunder (_Checkmatey_) 
      • The Eco Narrative Against Bitcoin, and Why It Doesn’t Use Proof Of Stake (Gabriel Shipton, Andreas Antonopoulos, Anita Posch / Anita Posch Show #114)
      • The Fiat System vs. Bitcoin (@Ramadan_AN, Mary Imasuen / Nobcast #25) 
      • Bitcoin Mining Is Good for the Energy Grid and Good for the Environment (Dennis Porter) 

2.3. Centralization vs. Decentralization

“The greatest success you can have as the person in charge is to orchestrate others to do things well without you.”
—Ray Dalio

“Decentralization makes consensus possible without threats of violence, imprisonment or civil forfeiture. Other [crypto] projects simply use the word as a label to avoid questions about their controlling oligopolies.”
—Neil Jacobs

Rick and Morty: Centralized Galactic Currency Drops to Zero

What is a Decentralized Ledger? (River Financial)

Why Bitcoin’s Most Important Quality is Decentralization (Neil Jacobs)

Decentralization Isn’t A Spectrum (Jimmy Song, Peter McCormack / What Bitcoin Did #488)

Decentralization: Why Dumb Networks Are Better (Andreas Antonopolous)

• • • • Written version
      • Audio version (Guy Swann / Bitcoin Audible [Read_500])

Finding Signal In A Noisy World (Jeff Booth)

Centralization is the Problem (Marty Bent / Twitter Thread)

Vitalik’s Weird Mountain Man Fantasy (Matthew Kratter / Bitcoin University)

Understanding Decentralization in Bitcoin (Arman the Parman)

• • • • Written version
      • Audio version (Guy Swann / Bitcoin Audible [Read_647])

“I was flying recently, and I was thinking, ‘Ok, there’s probably 100 people on this plane, and there are 2 people piloting it. There’s a high degree of centralization in this situation.’ But why does this work? Why are myself, and all the other people on this plane not afraid? It’s because our incentives are aligned. I trust that the pilot wants to get home safely to see his family, just like I want to get to my destination. So you can have centralization when incentives are aligned. But, as soon as incentives are misaligned, that’s when you need decentralization, because decentralization places a check and balance on other people’s motives.”
—Brian De Mint

What is Crypto Decentralization and Why Bitcoin Stands Alone (Tone Vays)

What Actually Makes Bitcoin Decentralized? (Matthew Kratter / Bitcoin University)

Censoring Bitcoin and Ethereum (Matthew Kratter / Bitcoin University)

Can Bitcoin Survive Without a Leader? (Jonathan Leger)

The Blowoff Top of Centralization is Happening (Mark Moss, Aleks Svetski)

📚 The Blocksize War (Jonathan Bier) ➡️ Order on Bookshop.org / Order on Amazon

“I hope it’s obvious it was only the centrally-controlled nature of those systems that doomed them.”
—Satoshi Nakamoto on previous cypherpunks’ attempts to achieve decentralized money (all were led by a centralized founder or team)

“Governments are good at cutting off the heads of centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.”
—Satoshi Nakamoto

“We must not assume that cryptocurrencies share more in common than they, in fact, do. Bitcoin leads them all precisely because no one leads it.”
—Andrew M. Bailey, Craig Warmke

“Money is as dangerous and powerful a weapon for evil, as it is a tool for prosperity and peace. It’s an extremely sharp knife. And for that reason, the role and function of money should never be delegated to any group or person.”
—Jack Mallers

Also see:

• • • • SECTION 1.8: Austrian vs. Keynesian Economics
      • Ethereum’s Path to Centralisation (Alex Berge, Stephan Livera / Stephan Livera Pod #303) 
      • Behind Enemy Lines of the Bank of International Settlements (Sam Callahan, Cedric Youngelman / Bitcoin Matrix Pod)
      • Bitcoin Is An Idea (DerGigi)
      • Bitcoin & The Battle For The Fate of Humanity (Mark Moss, Peter McCormack / What Bitcoin Did #434)
      • Converging Cycles (John Vallis, Mark Moss / Bitcoin Rapid Fire)
      • The Fed and Totalitarian Control Will Fail & How to Protect Yourself (Aleks Svetski, Mark Moss / Mark Moss Show)
      • Ways to Think Through Critical Issues (Aleks Svetski, Mark Moss / Mark Moss Show)
      • Proof of Stake (PoS) Versus Proof of Work (PoW) (Jason Lowery, Preston Pysh / We Study Billionaires #BTC098)
      • Deep Dive on Bitcoin Energy Misconceptions (Michael Saylor, Preston Pysh / We Study Billionaires #BTC099)
      • Finding Bitcoin’s Signal in a Noisy World (Jeff Booth, Preston Pysh / We Study Billionaires #BTC100)
      • The Pitfalls of Central Planning (Lawrence Lepard, Joe Consorti / The Bitcoin Layer)
      • Bitcoin Explained in 45 Minutes (Blue Collar Bitcoin #59)

2.4. Is Ethereum (ETH) Any Better Than Other Altcoins?

“Ethereum is the mother asshole from which all shitcoins spring.”
—Saifedean Ammous

“No building can survive on a shifting foundation.”
—Unknown

“ok can you guys stop trading”
—Vitalik Buterin

Bitcoin vs. Ethereum (Nik Bhatia / The Bitcoin Layer)

17 Reasons Why Not To Invest In Ethereum (Ben Hart)

An Economic Analysis Of Ethereum (Lyn Alden)

BTC and ETH Are Not The Same (Dennis Porter)

Ethereum’s Path to Centralisation (Alex Berge, Stephan Livera / Stephan Livera Pod #303)

Ethereum Architecture Is Flawed (Hugo Nguyen)

Bitcoin vs. Ethereum Genesis (Joe Consorti)

When Ethereum Was Put to the Test, It Failed (Vijay Boyapati, Brady Swenson / Swan Signal Live)

Is Ethereum A Scam? (u/daddy_bitcoins / Reddit Comment)

Breaking Down the Ethereum Long Con (Dick Whitman / Twitter Thread)

Why Ethereum’s Proof of Stake Merge is a Monumental Blunder (_Checkmatey_)

Navigating the Cryptocurrency Chessboard (Brad Mills, Lyn Alden, Dylan LeClair, _Checkmatey_ / Magic Internet Money Pod)

Explaining the ETH con game — Video Thread (@GhostofWhitman / Twitter Thread)

Matthew Kratter Walks Viewers Through the Entire Ethereum Saga (Matthew Kratter / Bitcoin University)

• • • • Ethereum’s Dirty History – Part 1
      • Ethereum’s Dirty History – Part 2
      • Ethereum’s Fatal Flaw
      • Ethereum 2.0 Exposed
      • Ethereum is Banker Coin
      • Ethereum Has Successfully Castrated Itself
      • Ethereum Waking Up To Reality
      • Ethereum Has Been Captured

“How much trust can you have in the monetary issuance of the token when the thing has hard-forked like 10 times over a period of years? Who decides the hard-fork schedule? Having hard forks regularly implies that the whole thing is centralized, because people will just believe whatever King Vitalik is saying, and just upgrade.”
—DerGigi

“There are a thousand hacking at the branches of evil to one who is striking at the root.”
—Henry David Thoreau

Also see:

• • • • Finding Bitcoin Signal (Jeff Booth, Peter McCormack / What Bitcoin Did #584) 
      • Central Bank Digital Currencies vs. Bitcoin (Sam Callahan, Preston Pysh / We Study Billionaires #BTC097)
      • Proof of Stake (PoS) Versus Proof of Work (PoW) (Jason Lowery, Preston Pysh / We Study Billionaires #BTC098) 
      • Finding Bitcoin’s Signal in a Noisy World (Jeff Booth, Preston Pysh / We Study Billionaires #BTC100)

2.5. What About Other Crypto “Utilities”, i.e. NFTs, DApps, DeFi, Smart Contracts, etc.?

“And then this protocol issues a token, we’ll call it whatever, ‘X token.’ And X token promises that anything cool that happens because of this box is going to ultimately be usable by, you know, governance vote of holders of the X tokens. They can vote on what to do with any proceeds or other cool things that happen from this box. And of course, so far, we haven’t exactly given a compelling reason for why there ever would be any proceeds from this box, but I don’t know, you know, maybe there will be, so that’s sort of where you start.”
—Sam Bankman-Fried on boxes

“To build DeFi on a centralized protocol, or one that is a protocol managed by rulers, is inherently broken from the start.”
—Alyse Killeen

“Roses are red, violets are blue, in crypto land, the yield is you.”
—American Hodl

2.5.1. The Problem with NFTs

“Today, if you know which artist you want to listen to, it’s easy to ‘cut out the middleman’: you just go to that artist’s website and buy their songs, albums, merchandise, concert tickets, etc. The musician can keep ‘over 90% of sales’. No need for NFTs.”
—Liron Shapira

Butters Pitches NFTs to Denny’s Applebee’s Max (South Park)

The Problem with NFTs (Nick Payton)

Are NFTs a Revolutionary Gaming Technology? (Holden Shearer / Twitter Thread)

Are NFTs The Future of Gaming? (Heavily Armed Clown / YouTube)

• • • • Part 1
      • Part 2

What The Heck Are NFTs? (Mark Moss / Mark Moss Show)

How I Became Leonardo da Vinci on the Blockchain (Terence Eden)

NFTs: 2017 vs. 2022 (Liron Shapira / Twitter)

yOu cAn pUt yOuR hOuSe oN tHe bLoCkChAiN (Zach Weinberg, Ben Wehrman / Twitter)

The “NFTs help artists” trope is pure, unadulterated marketing fluff (Nilay Patel, Liron Shapira, Ben Wehrman / Twitter)

Jack Dorsey’s First Tweet’ NFT Went on Sale for $48M. It Ended With a Top Bid of Just $280 (Sandali Handagama)

Nathan For You is the new Simpsons (Ben Wehrman / Twitter)

Also see:

• • • • The Layer 3 Revolution (Brian Harrington, Guy Swann, Jack Spirko / Survival Podcast #3136) 

2.5.2. The Problem with “DeFi”

Bitcoin is Our Best Shot At Decentralized Finance (Captain Sidd)

Sam Bankman-Fried Accidentally Explains How DeFi is Just a Ponzi (Cory Klippsten / Twitter)

No, We Are Not Going To “Tokenize Everything” (Niko Jilch)

Only The Strong Survive (Allen Farrington, Big Al)

Green Eggs and Ham (Allen Farrington, Anders Larson)

Only the Strong Survive (Big Al, Stephan Livera / Stephan Livera Pod #311)

Deep Dive into DeFi (Big Al, Jimmy Song / Bitcoin Fixes This Pod #64)

Austrians, Capital & DeFi Yield (Allen Farrington, Stephan Livera / Stephan Livera Pod #396)

Digital Alchemy, A Post-Mortem of the Crypto Crash (Lyn Alden)

The Problems with DeFi & Crypto (Lyn Alden)

Clown Bucks (Lyn Alden / Twitter Thread)

“When the dominant money becomes terminally ill, we witness the short term monetization of everything else.”
—Tuur Demeester

2.5.3. The Problem with DApps / DAOs / Smart Contracts / “Web3”

“As I was putting together courses [for a blockchain consultancy], I was creating a course for private blockchains, and I came to the realization: ‘Wait a minute…a private blockchain is just a fucking database, shared by a couple entities that are all in cahoots already, so it defeats the goddamn purpose of having a blockchain in the first place.’ All you’re doing is getting the worst of both worlds: You still have a coordinator, and you’ve just made your system slower. Congratulations, you’re an idiot.”
—Aleks Svetski

“The technology isn’t looking for meaning… you are”
—Adrien Book

3 Reasons Why Nobody Uses DApps (Jimmy Song)

The Problem With Decentralized Apps (Jimmy Song)

Utility coins are not an asset class. (Adam Back / Twitter)

Decentralizing Popular Dapps Isn’t Just a Scaling Problem (David Floyd)

You Don’t Own “Web3.” (Jack Dorsey / Twitter)

Web3 Lord Marc Andreessen Attempts to Explain Innovation of Web3 (Tyler Cowen, Ben Wehrman / Twitter)

Chris Dixon’s Crypto Claims Are Logically Flimsy (Liron Shapira)

Naval Ravikant and Chris Dixon Didn’t Explain Any Web3 Use Cases (Liron Shapira)

Why Web3’s Shared Data Across Applications Doesn’t Matter (Liron Shapira)

Web3 is Vision-LARPing (Liron Shapira)

a16z Is Gaslighting Us (Liron Shapira)

The Truth about Smart Contracts (Jimmy Song)

“Mango Markets” Exploiter Thought a DAO Protected Him. Then US Courts Showed Up (Danny Nelson)

Everything Wrong With DAOs (Adrien Book)

Why tokenizing real-world assets on a blockchain is stupid (@SylTilt)

Blockchain Smart Contracts Aren’t Smart And Aren’t Contracts (David B. Black)

Rekt.News – Master Archive of Imploded Crypto Scams (Julien Bouteloup / Rekt.News)

Crypto Hacks and Scams Leaderboard (Molly White / Web3 Is Going Just Great)

SpiceDAO learns $3 million copyright lesson (Web3 Is Going Just Great / Twitter)

Web3 is Bullshit (Stephen Diehl)

Web3: A Map in Search of Territory (Evgeny Morozov)

The Web3 Fraud (Nicholas Weaver)

Also see:

• • • • Sound Money and Sound Art — The Common Denominator is Integrity (Tomer Strolight) 
      • Finding Signal in a Noisy World (Jeff Booth, Cedric Youngelman / Bitcoin Matrix Pod)
      • Why Your Altcoin is Worthless – Clubhouse Debate (Guy Swann / Shitcoin Insider #5)

2.6. Are “Crypto” and Fiat Any Different?

“Roses are red
Violets are blue
Fiat is fraud
Altcoins are too”
—Jimmy Song

“The road to hell is paved with good intentions.”
—Proverb

“OH. OAAHHH IT WENT TO ZERO. YOOOOOOOWWW”
—Twitch shitcoin streamer

Live Rug Pull Witnessed on Twitch (YouTube)

Ethereum/proof of stake = fiat all over again (Ben Wehrman / Twitter)

There is perhaps no greater example of a fiat-principled monetary approach than “crypto” (@WhyBitcoinOnly / Twitter)

The Great Crypto Unwind: A Repeat of 2008 (Mark Moss)

Bitcoin Has No Competition (Alex McShane)

Like Ruble Like Shitcoin (Joakim Book)

Power Projection and Human Imagination (Jason Lowery, Robert Breedlove / What Is Money Show)

Crypto-Keynesian Lunacy (Jimmy Song)

How Altcoiners Use Bitcoin to Rent Seek (Jimmy Song)

Airline Miles Are The Original Altcoins (Jimmy Song)

Frequent Flier Miles: The Original Altcoins (Jimmy Song, Stephan Livera / Stephan Livera Pod #377)

Shitcoin Millionaire (Kal Kassa)

For Bitcoin to Win, Crypto Must Lose (@InterstellarBit)

Ethereum’s Biggest Betrayal (Matthew Kratter / Bitcoin University)

In China, It’s Blockchain and Tyranny vs. Bitcoin and Freedom (Alex Gladstein)

Crypto Is Peak Silicon Valley (Allen Farrington)

Bitcoin and Crypto in the Wake of the FTX Collapse (Michael Saylor, Natalie Brunell / Coin Stories)

The Realization to Rule Them All (@WhyBitcoinOnly / Twitter)

“The most impressive marketing coup of the last decade was how shitcoiners eliminated the stigma around ponzis by rebranding them as ‘staking'” (Saifedean Ammous / Twitter)

Also see:

• • • • Ethereum’s Path to Centralisation (Alex Berge, Stephan Livera / Stephan Livera Pod #303)
      • Fiat Knowledge: Only Bitcoin Creates a Culture That Rewards Verification (Jimmy Song)
      • Central Bank Digital Currencies vs. Bitcoin (Sam Callahan, Preston Pysh / We Study Billionaires #BTC097)

2.7. Why Do Bitcoiners Hate “Crypto” So Much?

“I do not like them in a house. I do not like them with a mouse. I do not like them here or there. I do not like them anywhere.”
—Dr. Seuss on shitcoins

There’s a difference between freedom to do what you want with your money, and blatant fraud. (Jimmy Song)

“Staking”: the new golden age of ponzi schemes (Saifedean Ammous)

Why Am I Such A Mean Bitcoin Maxi? (Matthew Kratter / Bitcoin University)

We’re Not All In This Together (Bitcoin vs. Crypto) (Matthew Kratter / Bitcoin University)

Crypto’s Dirty Little Secret (Matthew Kratter / Bitcoin University)

Altcoins Are A Honeypot for VCs to Take Money from Poor People (Jimmy Song)

“Typically, VCs will invest in a company, and it takes 7-10 years before there’s a liquidity event. The VCs LOVE ‘crypto’, because they can put money in, have instant liquidity, and 10x their money by selling a bunch of smoke and mirrors to retail. So, they pump [hundreds of millions of dollars] into media, marketing, parties, etc…and then, because there’s so much hype around it, they put it on an exchange like FTX so everyone wants to trade it. Retail thinks there’s value, because a bunch of VCs put money into it—because Alameda created a fake market around it—but there was never anything there.”
—Mark Moss

Bitcoin Maximalism and Crypto Scams (Cory Klippsten, Robert Breedlove / What Is Money Show #184)

It’s Bitcoin Not Crypto (Cory Klippsten, Preston Pysh / We Study Billionaires #BTC105)

We’re Not Going Anywhere (Guy Swann / Guy’s Take #59 / Bitcoin Audible)

Maximalism Panel (Mir Lipton, John Carvalho, Pete Rizzo / Bitcoin Amsterdam Conference)

How to be a Bitcoin Maximalist (Pete Rizzo / Forbes)

Bitcoin Maximalism, Altcoins and Satoshi (Pete Rizzo, Saifedean Ammous / Bitcoin Standard Pod #83)

“Toxic maxis” is a silly term coined by ICO leaders to malign those warning others about inherent trade-offs (Alyse Killeen / Twitter)

Coinbase and the Insider Exchange Dump (Sam Callahan)

An Open Letter To Would-Be Bullshitters (Allen Farrington)

On Toxic Bitcoiners and Brandolini’s Law (Till Musshoff)

The Bitcoin Difference (Aleks Svetski, Anthony Pompliano / Pomp Podcast #746)

How We Should Really Think About Bitcoin Maximalism (Stephan Livera)

The Case For Bitcoin Maximalism (Brad Mills, Anthony Pompliano / Pomp Podcast #973)

Bitcoin is Here To Stay and Bitcoiners Aren’t Going Anywhere (Guy Swann)

Thumb Sucking Anti-Bitcoiners! (Beautyon)

From Behind the Curtain of a Shitcoin Company (@muteness11, Daniel Prince / Once Bitten! #291)

My Journey From Mount Stupid to Bitcoiner (Ben Wehrman)

How Altcoins Rip You (Jimmy Song)

Why Ethereum and Defi is a Scam (Jack Mallers / Pomp Podcast #370)

Crypto: In Memoriam (Liron Shapira)

“The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge.”
—Stephen Hawking

“Bitcoiners have been plagued with endless ‘crypto’ and shitcoin scammers wishing to ride the coattails of bitcoin’s innovative technology and economic success. Bitcoiners are told they are all on the same team. To the public eye, they are. The result is a duped public being sold centralized pump-and-dump schemes and rugpulls, monkey jpegs, and Rube Goldberg machines built on buzzwords, with the idea that they are in the same league as the greatest monetary technology ever created. ‘Crypto’ rides on bitcoin’s success, and bitcoin’s publicity falls with crypto’s failures. Yet, for bitcoiners to speak out about the differences and to reject these projects they find uninteresting, if not outright despicable, is viewed as toxic. Bitcoiners are not harmed by this, as they get to continue stacking and building, but the people who must live under fiat regimes suffer as they are unable to be shown a path to freedom and prosperity.”
—Michael Goldstein

“What bothers me isn’t that fraud is not nice. Or that fraud is mean. For fifteen thousand years, fraud and short-sighted thinking have never, ever worked. Not once. Eventually you get caught, things go south. When the hell did we forget all that? I thought we were better than this, I really did.”
—Mark Baum, The Big Short (2015)

Also see:

• • • • SECTION 2.1: Bitcoin vs. Altcoins
      • SECTION 6: Why Bitcoin Only
      • Mises: The Original Toxic Maximalist (Michael Goldstein)
      • Interview with a Hardcore Toxic Bitcoin Maximalist (Francis Pouliot / Fun With Bitcoin Pod)

2.8. Is There A Second Best?

Is There A Second Best? Original (Michael Saylor)

Is There A Second Best? The Shining Edition (@__overflow_)

Is There A Second Best? BMW Edition (@ICOffenderII)

Is There A Second Best? Antarctic Ice Exploration Edition (@ICOffenderII)

Is There A Second Best? The Maze Game Edition (@ICOffenderII)

Is There A Second Best? Delicious Fruit Edition (@ICOffenderII)

Is There A Second Best? Attack On Titan Edition (@ICOffenderII)

Is There A Second Best? The Shining Edition (@ICOffenderII)

Is There A Second Best? Interstellar Edition (YouTube)

3. Bitcoin

“No force on Earth can stop an idea whose time has come.”
—Victor Hugo

PUMP IT UP (L33T GUY)

3.1. Bitcoin 101

“I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party.”
—Satoshi Nakamoto

How Bitcoin Works (Bitcoin Magazine, Bitcoin Magazine EDU)

Bitcoin Explained Simply for Dummies (99Bitcoins)

The Importance of Bitcoin Explained in One Sitting (Blue Collar Bitcoin #6)

Bitcoin Explained in 45 Minutes (Blue Collar Bitcoin #59)

Bitcoin For Boomers — Questions from a Bitcoin Skeptic (Blue Collar Bitcoin #8, #9)

• • • • Part 1
      • Part 2

Bitcoin Basics: Key Information for Beginners (DN Comply)

Vijay Boyapati Explains Bitcoin In 90 Minutes (Vijay Boyapati / Jay Gould Show #35)

How Bitcoin Could Replace the U.S. Dollar (Vijay Boyapati, Nick Gillespie / ReasonTV)

The Bullish Case For Bitcoin (Vijay Boyapati, Cedric Youngelman / Bitcoin Matrix Pod)

Bitcoin for Everybody (Vijay Boyapati, Stephan Livera / Saylor Academy)

The Bullish Case For Bitcoin (Vijay Boyapati / SALT Talks #169)

The Bullish Case For Bitcoin (Vijay Boyapati, Saifedean Ammous / Bitcoin Standard Pod #66)

Bitcoin 101 (Vijay Boyapati, Peter McCormack / What Bitcoin Did #300)

The Ultimate Case For Bitcoin (Murad Mahmudov, Cedric Youngelman / Bitcoin Matrix Pod)

What Is Bitcoin? (Parker Lewis, Robert Breedlove, Vijay Boyapati, Peter McCormack / What Bitcoin Did #265)

Beginner’s Guide: What Is Money (Parker Lewis, Peter McCormack / What Bitcoin Did #183)

Gradually Then Suddenly Series (Parker Lewis, Peter McCormack / What Bitcoin Did #358, #370, #381, #391)

• • • • Part 1: Killing The FUD
      • Part 2: Bitcoin First Principles
      • Part 3: Bitcoin is Common Sense
      • Part 4: Bitcoin & The Money Printer

The Greatest Trick Central Banks Ever Pulled (Parker Lewis, Stephan Livera / Stephan Livera Pod #263)

The Intelligent Case For Bitcoin (Stephen Cole / Real Talk With Zuby #38)

The Case for Bitcoin (Joe Brown / Heresy Financial)

An Introduction to Bitcoin (Bradley Rettler)

“Never before have we had a monetary network that all you need is an internet connection and by plugging in and operating on the same standard you’re natively interoperable with everyone else in the world on it.”
—Jack Mallers

Orange Pill Your Family (Anthony Pompliano / Pomp Podcast #764)

How to Orange Pill Your Family This Holiday Season (Jack Mallers, Michael Saylor, Anthony Scaramucci, Greg Foss, Dylan LeClair, Anthony Pompliano)

Author of the Bitcoin Standard: The Future of Bitcoin and the Global Economy (Saifedean Ammous, Anthony Pompliano / Pomp Podcast)

Bitcoin, Present and Future (Tom Woods, Saifedean Ammous / Tom Woods Show #1870)

Learning About Bitcoin (Joe Budden, Anthony Pompliano / Joe Budden Pod #408)

Why Bitcoin Will Change Everything (Nikolai Explains)

The Stories We Tell About Money (Andreas Antonopoulos)

Economical, Ethical and Technological Perspectives on Bitcoin (Till Musshoff)

Why Bitcoin is so Mind-Blowing (Till Musshoff)

Bitcoin Common Misconceptions (Robert Breedlove, Preston Pysh / We Study Billionaires #BTC001)

Bitcoin 101 With Linda Hill (Robert Breedlove / What Is Money Show #114)

Bitcoin 101 (Tuur Demeester, Preston Pysh / We Study Billionaires #244)

Bitcoin for Beginners Guide (Saifedean Ammous)

The Bitcoin Standard (Saifedean Ammous / SALT Talks #127)

What Would a Bitcoin Standard Look Like? (Saifedean Ammous)

Saifedean Explains Bitcoin to Lex Fridman (Saifedean Ammous, Lex Fridman Pod)

Bitcoin is a Dominant Monetary Network (Michael Saylor / SALT Talks #109)

The Importance of Bitcoin (Michael Saylor / SALT Talks #141)

No Escape From Bitcoin’s Gravity (Nik Bhatia, Peter McCormack / What Bitcoin Did #281)

Bitcoin Explained (Wences Casares)

A Not Too Technical Overview of This Bitcoin Thing (Arman the Parman)

• • • • Written version
      • Audio version (Delio Pera)

Bitcoin Is King (Andrew M. Bailey, Craig Warmke)

Bitcoin for Beginners (Matthew Kratter / Bitcoin University)

Bitcoin Spectrum (Ben Prentice, Heavily Armed Clown / Bitcoin Echo Chamber #14)

Bitcoin and the Geopolitical Deathmatch (Max Keiser, Patrick Bet-David / Valuetainment)

Everything is a Trade (Knut Svanholm, Ioni Appelberg, Guy Swann)

Orange is the new Green (Knut Svanholm, Ioni Appelberg)

Why Learn About Bitcoin? (Tomer Strolight, Stephan Livera / Stephan Livera Pod #317)

Why Bitcoin Series (Tomer Strolight)

Full Beginner’s Guide Series (Peter McCormack / What Bitcoin Did)

The Bitcoin Standard Summarized (Kevin Rooke)

Students at the Stanford School of Business Learn About Bitcoin (@Bitcoin_Xoe

/ Twitter)

Bitcoin, Anarchy, and Austrian Economics (Saifedean Ammous / Lex Fridman Pod #284)

The Bitcoin Standard — Animated Summary (CoinFuturist)

The Bitcoin Standard Seminar (Saifedean Ammous)

Why You Should Read The Bitcoin Standard by Saifedean Ammous (Stephan Livera)

The Last 100 Years, Summarized (Power Laws)

Why Bitcoin Works (Jimmy Song)

Why Bitcoin is a Tool for Human Freedom (Jimmy Song, Brian Rose / London Real)

What is Bitcoin? (Yan Pritzker)

What is Bitcoin? (BTC Sessions, Naomi Brockwell)

Soho Forum Debate: Can Bitcoin Become the World’s Money? (John Vallis, Lawrence H. White / ReasonTV)

Ben Perrin: Bitcoin Educator (BTC Sessions, John Vallis / Rapid Fire Pod #1)

Canadian Parents Fall Down The Bitcoin Rabbit Hole (John Vallis / Bitcoin Rapid Fire)

Explaining Bitcoin To Traditional Investors (John Vallis / Bitcoin Rapid Fire)

Bitcoin, Freedom & Human Rights (Alex Gladstein / Blue Collar Bitcoin Pod #26)

America Would Be Better Off If Bitcoin Became the World’s Reserve Currency (Avik Roy, Nick Gillespie / ReasonTV)

Lies, Deception, and Unnatural Money (@NikCantMine / Bitcoin Kindergarten #32)

A CFA Charterholder’s Path From Bitcoin Skeptic to Hardened Maximalist (Eric Yakes)

• • • • Part 1: The Dimensions of Money 
      • Part 2: What Bitcoin Does That Changes The World
      • Part 3: The Fundamentals of How Bitcoin Works
      • Part 4: The Monetary Properties of Bitcoin

Money, Bitcoin and Time (Robert Breedlove)

• • • • Part 1
      • Part 2
      • Part 3

Why Bitcoin: Full Series (Tomer Strolight)

• • • • Written version
      • Audio version (Guy Swann / Bitcoin Audible [Read_558])

Why Learn About Bitcoin? (Tomer Strolight, Stephan Livera / Stephan Livera Pod #317)

Bitcoin as Emerging Store of Value (Lyn Alden, Stephan Livera / Stephan Livera Pod #232)

Discovering Bitcoin Series (Giacomo Zucco)

• • • • Overview
      • Part 1: About Time
      • Part 2: About People
      • Part 3: Introducing Money
      • Part 4: A Wrong Turn
      • Part 5: Digital Scarcity
      • Part 6: Digital Contracts
      • Part 7: The Missing Pieces

Why Buy Bitcoin (Andy Edstrom, Steve Sanduski / Digital Money Advisor)

Refresher on the Bitcoin Basics (@DeFBed, @BenMercedesii / Talking in Bits #32, #33)

• • • • Part 1
      • Part 2

Three Things are Certain in Life: Death, Taxes, and Bitcoin (Robert Kiyosaki, Robert Breedlove / Rich Dad Radio Show)

Bitcoin: Is It Money and Is It Good? (Andrew Bailey, Bradley Rettler / Open To Truth Pod #38)

Bitcoin, The Most Important Innovation of Your Lifetime? (Paul Saladino, Saifedean Ammous / Fundamental Health #131)

Meat, Fiat Foods, and Bitcoin (Dr. Shawn Baker, Saifedean Ammous / Bitcoin Standard Pod #40)

The Future is Bitcoin (Peter Diamandis, Michael Saylor / Moonshots and Mindsets)

What is Bitcoin? (Erin Crawford / Death and Bitcoin Pod #3)

Bitcoin Makes Human Civilization Grow Again (Jimmy Song, Anita Posch / Anita Posch Show)

The 5 Stages to Become a Real Bitcoiner (DarthCoin)

Understanding Bitcoin Technology (Tim Akinbo, Mary Imasuen / Nobcast #12)

Bitcoin is Financial Emancipation (Svein Ølnes, Anita Posch / Anita Posch Show #139)

Bitcoin Beginner’s Guide (American HODL, Harry Sudock, Dan Held, Peter McCormack / What Bitcoin Did #630, #631, #632)

• • • • Part 1: Why Bitcoin?
      • Part 2: What is Bitcoin?
      • Part 3: How to Buy & Hold Bitcoin

Blue Collar Bitcoin Basics Series (Blue Collar Bitcoin Pod)

• • • • Part 1: Intro To Bitcoin
      • Part 2: Monetary History & The Rise of Bitcoin
      • Part 3: What Constitutes Good Money
      • Part 4: HOW Bitcoin Works (A Distributed Ledger)
      • (Ongoing series; check channel for more)

Bitcoin Audible Basics Series (Guy Swann / Bitcoin Audible)

• • • • Part 1: Bitcoin…What Is It?
      • Part 2: Hashes & Proofs of Work
      • Part 3: Keys, Everything You Need to Know
      • Part 4: Wallets & Transactions
      • Part 5: The Node
      • Part 6: The Lightning Network
      • (Ongoing series; check channel for more)

Bitcoin’s Full Potential Valuation (@Croesus_BTC)

Hyperbitcoinization and Other Arguments by a Bitcoin Maximalist (Pierre Rochard, Demetri Kofinas / Hidden Forces)

Principles of Bitcoin Series (Robert Breedlove)

Bitcoin As Base Money (Brian Harrington, Jack Spirko / Survival Podcast #3101)

Bitcoin as a Strategy for an Uncertain Future (Jack Spirko / Survival Pod #3273)

Why Bitcoin? (Zac Guignard)

📚 The Bitcoin Standard (Saifedean Ammous) ➡️ Order on Bookshop.org / Order on Amazon

📚 21 Lessons (DerGigi) ➡️ Order on Bookshop.org / Order on Amazon

📚 The Bitcoin Handbook (Anil Patel) ➡️ Order on Amazon

“Welcome to Bitcoin! Here’s your FAQ:

Q: Who should I trust?
A: Nobody.

Q: When should I sell?
A: Never.

Q: Is Bitcoin dying because ____?
A: No.

Q: What have I gotten myself into?
A: Nobody knows”
—Jameson Lopp

Also see:

• • • • SECTION 3.6: Intro to Bitcoin’s Incentive Structure
      • Bitcoin — Let’s Start From Scratch (Daniel Batten)
      • If You Love Freedom, the Earth and the Environment, Consider Becoming a Bitcoiner (Tomer Strolight)
      • Why We’re Holding Bitcoin as a Treasury Reserve Asset (Christopher Gimmer)
      • Bitcoin Deep Dive, Gold Standard, Banking Past/Present/Future (George Gammon, Robert Breedlove / Rebel Capitalist Show)
      • Short Film: “The Great Reset and The Rise of Bitcoin” (Pierre Corbin / Moconomy) 
      • Straight Talk: Bitcoin and Markets (Sven Henrich, Michael Saylor) 
      • Why Proof of Work is Necessary (Jonathan Leger) 
      • Should Tesla Convert its Cash to Bitcoin? (Gali Filche, Michael Saylor / Hyperchange) 
      • Bitcoin & The Big Bang to End All Cycles (Luke Mikic, Steve McNamara / Wild Man Revolution Pod #2) 
      • The Dematerialization of Money (@Croesus_BTC, Marty Bent / TFTC #382) 
      • Bitcoin is Not What You Think It Is (Guy Swann / Bitcoin Audible / Guy’s Take #44) 
      • Backed By Truth (Guy Swann / Bitcoin Audible / Guy’s Take #49) 
      • What is Money? (Erin Crawford / Death and Bitcoin Pod #2) 
      • The History of Bitcoin (Shedrack Chukwuebuka Igwe, Mary Imasuen / Nobcast #10) 
      • The Fiat System vs. Bitcoin (@Ramadan_AN, Mary Imasuen / Nobcast #25) 
      • Bitcoin is Psychedelic (Brandon Quittem, Lorenzo Hagerty / Psychedelic Salon Pod #654) 
      • Bitcoin is Freedom & Many Fear Freedom (Jack Spirko / Survival Podcast #3258) 

3.2. Bitcoin Early Days / Who is Satoshi Nakamoto?

Bitcoin White Paper (Satoshi Nakamoto)

What is the Bitcoin White Paper? (Eric Podwojski)

The Legend of Satoshi Nakamoto (@MemeingBitcoin)

Documentary: “Bitcoin: Digital Gold?” (Torsten Hoffmann / ENDEVR)

Magic Money – The Bitcoin Revolution (Tim Delmastro, Jeff Berwick, Trace Mayer, Tone Vays, Pavol Lupták)

Bitcoin: Beyond The Bubble (Tim Delmastro, Jeff Berwick, Trace Mayer, Tone Vays, Mike Maloney, James Turk, G. Edward Griffin, Patrick Byrne, Elizabeth McCauley, Jason Seibert)

Who is Satoshi Nakamoto? (Michael Saylor, Lex Fridman)

The Last Days of Satoshi: What Happened When Bitcoin’s Creator Disappeared (Pete Rizzo)

The Bitcoin White Paper (Pete Rizzo, Dan Held / Bitcoin Magazine Pod)

Satoshi Nakamoto’s Story (Pete Rizzo, Anthony Pompliano / Pomp Podcast #553)

The Last Days of Satoshi (Pete Rizzo, Cedric Youngelman / Bitcoin Matrix Pod)

Reflections on Satoshi (Adam Back, Pete Rizzo / Bitcoin Magazine Pod)

The Book of Satoshi (Phil Champagne, Preston Pysh / We Study Billionaires #BTC094)

Who is Satoshi? (Peter Todd, Guy Swann, Brady Swenson)

How Bitcoin Became Money (Gerard Matthews)

Hashcash And The Origins Of Bitcoin (Gerard Matthews)

The Technological Origins of Bitcoin (Emile Phaneuf)

📚 The Book of Satoshi: Collected Writings of Bitcoin Creator Satoshi Nakamoto (Phil Champagne) ➡️ Order on Bookshop.org / Order on Amazon

“If I have seen further, it is by standing on the shoulders of giants“
—Isaac Newton

“One of the greatest things that Satoshi did was disappear.”
—Jimmy Song

“Bitcoin is Satoshi’s solution to a problem that the entire world faces. Digitized encryption has unleashed an idea that has sparked inspiration in the hearts and minds of millions and soon billions of people. It transcends money because it is an idea that cannot be put back into the box.”
—Dawdu M. Amantanah

“Unironically, the fact that Satoshi had such good OpSec [Operations Security] from the very beginning, and still hasn’t been doxxed, is one of the most incredible aspects of Bitcoin’s immaculate conception.”
—Joe Weisenthal

Also see:

• • • • Why Does Bitcoin Have Value? (Jeffrey A. Tucker) 

3.2.1. Bitcoin’s “Immaculate Conception”

“Bitcoin benefited from a very rare set of circumstances. Because it launched in a world where digital cash had no established value, they circulated freely. That can’t be recaptured today since everyone expects coins to have value. The immaculate conception.“
—Nic Carter

“The immaculate conception of Bitcoin as base money is as important as its organic growth, both in regards to supply distribution and security. It grew in the shade, and Satoshi disappeared. This can’t happen again.”
—DerGigi

“Since the birth of Bitcoin, thousands of other cryptocurrencies were created. None of these clones share its origin story. If you want to supersede Bitcoin, you will have to transcend its origin story. In a war of ideas, narratives dictate survival.”
—DerGigi

Bitcoin’s Immaculate Conception (Matthew Kratter / Bitcoin University)

The Immaculate Conception: Bitcoin vs. Fiat Standard (Saifedean Ammous, Jordan Peterson / Jordan Peterson Pod #S4E58)

Bitcoin’s Immaculate Conception Explained (Pascal Huegli)

“Bitcoin’s immaculate conception is a miracle. Its antifragility, decentralization and immutability are emergent properties, but equally miraculous. It’s impossible not to look at Bitcoin and see the natural spontaneous order of the universe. But it’s just a little seedling now.”
—Francis Pouliot

Also see:

• • • • SECTION 4.11: “Bitcoin is Unevenly Distributed to the Rich / Bad Gini Coefficient”

3.3. Bitcoin vs. Fiat

“Republic credits are no good here, I need something more real…Mind tricks don’t work on me. Only money.”
—Watto, Star Wars: The Phantom Menace

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”
—Bitcoin Genesis Block

Exit Fiat, Enter Bitcoin (Guy Swann)

“Will Bitcoin bring humanity into a utopia of perfect world peace and riches for all with no death or disease? No. Bitcoin does not bring us to perfection, but it is a tool that incentivizes humanity to strive closer via sound monetary and economics.”
—Luke Broyles

“Bitcoin is the first social institution in history with the potential to subvert the greatest man-made scourge humanity has ever faced — the infamous wealth-extracting, disparity-driving, and warfare-financing duopoly of monopolists: governments and central banks.”
—Robert Breedlove

“At the peak of the fiat empire, society was flooded by lies and deception. However, in a small corner of cyberspace, a small orange light offered a beacon of hope and truth for those willing to grab it.”
—Anonymous Bitcoiner

“I don’t believe we shall ever have a good money again before we take the thing out of the hands of government. And we can’t take it violently out of their hands…all we can do is, by some sly roundabout way, introduce something they can’t stop.”
—Friedrich Hayek

“The secret of change is to focus all of your energy, not on fighting the old, but on building the new”
—Socrates

The Fiat System vs. Bitcoin (@Ramadan_AN, Mary Imasuen / Nobcast #25)

2008: Where It All Began (@JimDuffy_, @JayW132 / Bitcoin Collective Pod #115)

A Tale of Sound Money (Jonathan Leger)

Bitcoin As Sound Money (Saifedean Ammous, Stephan Livera / Stephan Livera Pod #1)

What Bitcoin Solves (Saifedean Ammous, Preston Pysh / We Study Billionaires #259)

Fiat Standard & Fiat Propaganda (Saifedean Ammous / Stephan Livera Pod #237)

Bitcoin vs. The Corrupt Fiat Regime (Richard James, Jeff Booth)

Bitcoin for Everybody (Parker Lewis, Stephan Livera / Saylor Academy)

Gradually Then Suddenly (Parker Lewis)

Bitcoin Fixes This (Parker Lewis)

Bitcoin Is Antifragile (Parker Lewis)

Bitcoin Is One For All (Parker Lewis)

Bitcoin is Intuitive (Parker Lewis, Stephan Livera / Stephan Livera Pod #131)

The Fiat Standard & Reversal of Civilization (Saifedean Ammous, Cedric Youngelman / The Bitcoin Matrix #85)

Saifedean Ammous Presentation at Librarian Scholars Conference (Saifedean Ammous / Mises Institute)

Debate: Can Bitcoin Replace Government-Issued Money? (George Selgin, Saifedean Ammous, Gene Epstein / Soho Forum / ReasonTV)

Debate: Is Bitcoin The Next Global Currency?  (Hong Fang, Steve Hanke, Saifedean Ammous, David Lin / Kitco News)

• • • • Part 1
      • Part 2

Fiat Money and Debt Slavery (Tom Woods, Saifedean Ammous / Tom Woods TV #2070)

How Good Money Pushes Out The Bad (Don Stuart)

Bitcoin Shows that Trust in the Government and the Gold Standard Isn’t Necessary (Stanislav Kozlovski)

Escaping the Global Banking Cartel — Bitcoin as an Exit (Andreas Antonopoulos)

Bitcoin is Punk Rock — Deal With It! (Andreas Antonopoulos)

The Problem with Fiat Money and Central Banks that Bitcoin Fixes (Till Musshoff)

The Fiat Standard (Saifedean Ammous, Jimmy Song / Bitcoin Fixes This Pod #72)

Bitcoin as Savings Technology (Pierre Rochard, Saifedean Ammous, Stephan Livera / Stephan Livera Pod #147)

The Virtues of Strong Money (Michael Saylor, Robert Breedlove / What Is Money Show)

Why Bitcoin Is The Best Monetary Network (Lyn Alden, Peter McCormack / What Bitcoin Did #549)

ORANGE PILLED with Saifedean Ammous (Max Keiser, Stacy Herbert / Orange Pill Pod)

The Biggest Fiat Malinvestment (Saifedean Ammous, Stephan Livera / Stephan Livera Pod #296)

“The century between the gold standard and the Bitcoin standard—I call that the fiat interregnum. It’s an anomaly of history, and it’s not going to last forever.”
—Vijay Boyapati

Relativity: Know Where You Stand (@anilsaidso)

Fiat Fascism (Aleks Svetski / Bitcoin Conference 2021)

Short Film: “The Great Reset and The Rise of Bitcoin” (Pierre Corbin / Moconomy)

How Bitcoin Upends the Fiat Machine (Ricardo Salinas)

Bitcoin vs. The Fiat Fraud (Ricardo Salinas, Max Keiser, Stacy Herbert)

Where is Bitcoin in 20 Years? (Tim Draper, Nathan Chan / Foundr)

The Bitcoin Central Bank’s Perfect Monetary Policy (Pierre Rochard)

Why You Should Care About Bitcoin (Tomer Strolight)

Bitcoin is the Best Explanation For The Way Money Is (Alex McShane)

Bitcoin Alleviates Future Uncertainty (Alex McShane)

Bitcoin’s ‘Black Swan’ Event That Would Wipe Crypto Out (Michelle Makori, Robert Breedlove / Kitco News)

Will Bitcoin and Dissident Tech Splinter Governments? (Robert Breedlove, Jesse Lawler, Stephan Livera / Stephan Livera Pod #227)

Bitcoin, Inflation, and Central Banking (Jordan Peterson, Robert Breedlove, John Vallis, DerGigi / Jordan B. Peterson Pod #S4E40)

Bitcoin is Global Money for an Interconnected World (Kane McGukin)

Bitcoin Attacks The Ultimate Ponzi Scheme (Captain Sidd)

How Bitcoin Challenges Keynesian Economics (Brady Swenson)

Sound Money = Human Flourishing. Fiat Money = Human Suffering (Macro Jack / Twitter Thread)

The Political Illusion of The Fiat Cave (Macro Jack)

The Fiat Cave: An Allegory of Monetary Deception (Macro Jack)

• • • • Part 1
      • Part 2
      • Part 3
      • Part 4

Bitcoin: The Next Savings “Rule of Thumb” Series (Macro Jack)

• • • • Part 1
      • Part 2
      • Part 3

“A dead thing can go with the stream, but only a living thing can go against it.”
—G.K. Chesterton

“The money printers have left us with one option: play in their perpetual rigged casino gulag. Imagine their shock when they find out their lust for control was what ultimately destroyed their control.”
—Simply Bitcoin

How Bitcoin Fixes the Broken Plumbing of Fiat (Dan / Blue Collar Bitcoin)

• • • • Part 1
      • Part 2
      • Part 3

Will Bitcoin Bring the End of the Nation-State? (Max Keiser, Stacy Herbert / Jay Martin Show)

Will Bitcoin Replace Central Banks (Lyn Alden, Peter McCormack / What Bitcoin Did #521)

“It is no wonder that sovereign governments have held this [fiat] privilege so tight in their grip. The power to decree what money is, and hold the monopoly rights on issuance, is the power to rule over all resources and citizens. But Goliath’s weakness was his size (attack surface) and strategy (failure to innovate).”
—@anilsaidso

“You shall not steal.” Forever. (DerGigi, Erik Cason)

The Illusion of Reality (Seb Bunney / Looking Glass Education)

The Truth Behind Bitcoin’s Opposition (Seb Bunney)

Bitcoin Can’t Lose (Parker Lewis, Peter McCormack / What Bitcoin Did #576)

Making Bitcoin Legal Tender in America (Bryan Solstin / Kevin Rooke Show #30)

The Moral and Social Case for Bitcoin vs. Fiat (Greg Foss, Lawrence Lepard, Brady Swenson / Swan Signal Live)

Government, Bitcoin, and Economics (Jimmy Song / Tuscon Bitcoin Pod)

The Pitfalls of Central Planning (Lawrence Lepard, Joe Consorti / The Bitcoin Layer)

Fiat has no bottom; Bitcoin has no top (Cedric Youngelman / Twitter)

If Fiat Believers Acted Like Bitcoin Enthusiasts! (JP Sears / AwakenWithJP)

People That Are STILL in Denial About Bitcoin! (JP Sears / AwakenWithJP)

Asset DNA: Explaining Bitcoin’s Speculative Attack on the Dollar (@Croesus_BTC)

Bitcoin Eliminates the Rats (Simply Bitcoin)

The Hoarding Continues Until Morale Improves (Simply Bitcoin)

📚 The 7th Property (Eric Yakes) ➡️ Order on Amazon

“How do we escape this keynesian hyperconsumption, where we’re always juicing the economy…grow grow grow, stimulus stimulus stimulus…Our savings are constantly being melted away, centralized, and stolen for this money printer.”
—Bryan Solstin

“If Bitcoin were adopted globally, it would provide hard money that does not depreciate in value long-term. Thus, ordinary people could save in Bitcoin rather than risk their retirements on companies they themselves have not evaluated through mutual funds and indexes. Moreover, the monetary policy of Bitcoin is transparently baked into its code rather than being controlled by powerful central bankers.”
—Hannah Wolfman-Jones

“I am in Bitcoin because it is the best thing I can do for me and my family and it is what any self-respecting individual would do. A dignified individual would not degrade themselves to the level of modern serf by trading the product of their blood, sweat, time and tears for digital monopoly money issued by parasites. It’s an absolutely ridiculous state of affairs that both our ancestors and forebears will be embarrassed by.”
—Aleks Svetski

“Bitcoin does what no force or symbol has done before. It removes the ace that all governments throughout history have had up their sleeves, with which they’ve gained the upper hand over the citizenry. It’s been their mechanism of control, of parasitism and of literally baking moral hazard into the grand game of life.”
—Aleks Svetski

“We don’t need the banks anymore.”
—Jack Dorsey

Also see:

• • • • SECTION 1.4: The Fiat Problem
      • SECTION 1.6: Inflation vs. Deflation
      • SECTION 3.3.1: The Great Bitcoin De-Financialization
      • SECTION 5.19: Bitcoin + Inequality / Fairness
      • SECTION 5.20: Bitcoin + Inflation
      • SECTION 5.40: Bitcoin + Society
      • SECTION 5.46: Bitcoin + Traditional Finance / Stocks / Bonds / Banking
      • SECTION 7.3.3: The Bitcoin Renaissance / Into the Rabbit Hole
      • Why It Takes Both Time and Energy to Make Bitcoins (Tomer Strolight) 
      • The Bitcoin Standard (Saifedean Ammous / SALT Talks #127) 
      • The Bitcoin Standard Seminar (Saifedean Ammous) 
      • Fake News, Fake Money (Andreas Antonopoulos) 
      • Stone Ridge 2020 Shareholder Letter (Ross Stevens) 
      • Fiat is the Biggest Pyramid Scheme of All Time — Bitcoin Replaces it (Till Musshoff) 
      • Now Is the Time to Think About Value (Natalie Smolenski / Bitcoin Policy Institute) 
      • Why Bitcoin Will End The Worst Heist In History (Tomer Strolight) 
      • Bitcoin is for Everyone (Tomer Strolight, Cedric Youngelman / Bitcoin Matrix Pod #80) 
      • Digital Money (Guy Swann / Bitcoin Audible / Guy’s Take #60) 
      • Riding the Lightning Network (Sam Callahan)
        
        • Written version
        • Audio version (Guy Swann / Bitcoin Audible [Read_624])
      • Short Film: “Hard Money” (Richard James)
      • Finding Signal in a Noisy World (Jeff Booth, Cedric Youngelman / Bitcoin Matrix Pod)
      • Finding Bitcoin Signal (Jeff Booth, Peter McCormack / What Bitcoin Did #584) 
      • The Greatest Game (Jeff Booth)
      • How Bitcoin Changes You and the World Around Us (CK Snarks, Steve Sanduski / Digital Money Advisor)
      • Bitcoin is Big Tent Money (Mat Hanzelka, Steve Sanduski / Digital Money Advisor)
      • The Perils of a Narrow, Unexamined Perspective, and the Influence of Fiat (Tyler Lindsay, John Vallis / Bitcoin Rapid Fire)
      • Bowls with Buds: Gigi (DerGigi / Bowl After Bowl #168) 
      • Bitcoin & The Big Bang to End All Cycles (Luke Mikic, Steve McNamara / Wild Man Revolution Pod #2)
      • Backed By Truth (Guy Swann / Bitcoin Audible / Guy’s Take #49)
      • Bitcoin, The Most Important Innovation of Your Lifetime? (Paul Saladino, Saifedean Ammous / Fundamental Health #131)
      • What is Money? (Erin Crawford / Death and Bitcoin Pod #2) 
      • What is Bitcoin? (Erin Crawford / Death and Bitcoin Pod #3) 
      • Our Relationship With Money (Erin Crawford / Death and Bitcoin Pod #5) 
      • Bitcoiner Book Club (Jordan Peterson, Richard James, DerGigi, John Vallis, Robert Breedlove / Jordan B. Peterson Pod #186) 
      • Bitcoin’s Incentives (Joe Burnett, Spencer Nichols, CK Snarks / Bitcoin Magazine Pod) 
      • Bitcoin Explained in 45 Minutes (Blue Collar Bitcoin #59)
      • What Greenpeace Gets Wrong About Bitcoin (Margot Paez, Dennis Porter) 
      • Bitcoin and Survival (Jack Spirko, Robert Breedlove / The Survival Podcast) 
      • Bitcoin Obsoletes All Other Money (Parker Lewis) 
      • The US Dollar Is A Ponzi You Shouldn’t Invest In (Conor Chepenik) 
      • Fixing the Incentives Series (Jimmy Song)
        
        • Part 1: The Fiat Treadmill Keeps Us From Storing Value
        • Part 2: Fiat Money Fuels Broken Corporations
        • Part 3: How Fiat Funds National Corruption
        • Part 4: How Fiat Money Broke The World
      • The History of Bitcoin (Shedrack Chukwuebuka Igwe, Mary Imasuen / Nobcast #10) 
      • Bitcoin’s Meme Wars (DerGigi)
      • People Are Waking Up (Jeff Booth, Knut Svanholm, @Croesus_BTC, Jeff Ross, CK Snarks, BTC Sessions, Greg Foss, Guy Swann / Bitcoin Magazine Pod)
      • Monetary Bizarro World (@Croesus_BTC)

3.3.1. The Great Bitcoin De-Financialization

Bitcoin is the Pin to the Bubble (Till Musshoff)

Bitcoin is the Great Definancialization (Parker Lewis)

Monetary Premium: Cash is Trash (@anilsaidso)

Bitcoin Is The Pin (Guy Swann / Bitcoin Audible / Guy’s Take #39)

3.4. Bitcoin vs. Gold

“There was a much better case for gold before the Internet. Now, individuals and organizations of every scale are engaging in commerce that covers more space in less time. Bitcoin masterfully alleviates the costs and uncertainties of space and time for the Internet age.”
—Michael Goldstein

Soho Forum Debate: Gold vs. Bitcoin (Pierre Rochard, Keith Weiner / Mises Institute / ReasonTV)

Bitcoin vs Gold: The Great Debate (Michael Saylor, Frank Giustra, Daniela Cambone / (Stansberry Research)

Bitcoin vs. Gold (Till Musshoff)

Gold vs. Bitcoin (BTC Sessions, Naomi Brockwell)

Why Bitcoin is Better Than Gold (Nikolai Explains)

Gold vs. Bitcoin: Which Is Better? (Matthew Kratter / Bitcoin University)

Bitcoin Will Replace Gold (Matthew Kratter / Bitcoin University)

Is Gold A Better Store Of Value Than Bitcoin? (Matthew Kratter / Bitcoin University)

Gold is just bitcoin that can’t be sent over the internet. (Edward Snowden / Twitter)

Lightning vs. Paper Claims on Gold (Joe Consorti)

Goldbugs Don’t Understand Money (Spencer Schiff)

The Death of Gold (Michael Saylor, Robert Breedlove / What Is Money Show)

Digital Gold: Harder, Smarter, Stronger, and Faster (Michael Saylor, Robert Breedlove / What Is Money Show)

Bitcoin vs. Metals (cypherdoc, 2012 blog post)

Gold’s problem of final settlement has been forever solved by Bitcoin (Heavily Armed Clown / Twitter)

The Supreme Stupidity of the State, Gold vs. Bitcoin, and More (Godfrey Bloom, Aleks Svetski / Wake Up Pod #30)

Bitcoin is Demonetizing Gold (Roland Stautz)

Bitcoin Versus Gold (Pierre Rochard)

It’s Just Math (Lawrence Lepard, Cedric Youngelman / The Bitcoin Matrix)

Gold or Bitcoin: What Will Replace The US Dollar? (Dominic Frisby)

For a limited time only, you can still exchange your soft, shiny rock for Bitcoin (@WalkerAmerica / Twitter)

Move over, #Bitcoin. It’s Gold’s time to shine ✨😉 (@thecryptoc0up1e / Twitter)

“Gold’s physicality is its biggest downside: it is a physical item in a physical environment. Consequently, you can neither store it in your head nor send it to others at the speed of light. Bitcoin fixes this.”
—DerGigi

“Unlike Bitcoin, nobody needs to explain why gold is valuable. Gold is simple. Bitcoin is complicated. So in the long run, the argument goes, Bitcoin can never replace gold… It’s true that the stories we tell matter, but those stories can change. Stories don’t win over everything. Eventually, raw utility supplants tradition. Bitcoin is a serious improvement over gold and starts to displace its role, the market will respond and re-price accordingly… To the digital native of the future, Bitcoin wallets will probably seem more natural than vaults full of useless metals painstakingly drilled out of the earth.”
—Haseeb Qureshi

Also see:

• • • • The Bitcoin Central Bank’s Perfect Monetary Policy (Pierre Rochard): 
      • Nothing Has “Intrinsic Value”, Only Instrumental Value (Till Musshoff) 
      • Bitcoin’s Volatility Is Vitality, Why Your Money Will Die With Gold (Michael Saylor, Daniela Cambone / Stansberry Research) 
      • How Bitcoin Challenges Keynesian Economics (Brady Swenson) 
      • Bitcoin Deep Dive, Gold Standard, Banking Past/Present/Future (George Gammon, Robert Breedlove / Rebel Capitalist Show) 
      • The First Digital Monetary Energy Network (Michael Saylor, Robert Breedlove / What Is Money Show) 
      • Fiat Currency — Why It Is Making You Poor (Daz Bea) 
      • The Issue with the Legacy Financial System and How Bitcoin Fixes All of it (Saifedean Ammous, Tom Bilyeu / Impact Theory) 
      • The Pitfalls of Central Planning (Lawrence Lepard, Joe Consorti / The Bitcoin Layer) 
      • The Economic Philosophy of Bitcoin (Michael Gladstein, Nik Bhatia / The Bitcoin Layer) 
      • The Philosophy of Bitcoin and How it Could Change the World As We Know It (Robert Breedlove, Tom Bilyeu / Impact Theory) 
      • Bitcoin is the Monetization of Energy. If It Does Not Succeed, Humanity is in for a Bad Time (Hass McCook, Anita Posch / Anita Posch Show #26) 
      • The Fiat System vs. Bitcoin (@Ramadan_AN, Mary Imasuen / Nobcast #25) 

3.5. What Are The Meaning and Implications of “Digital Scarcity”?

“Imagine a Being who is omniscient, omnipresent, and omnipotent. What does such a Being lack? The answer? Limitation.”
—Jordan Peterson

“Uniquely, Bitcoin is a money with perfect supply inelasticity; it is the most uncompromising measurement system for value the world has ever known. In this sense, Bitcoin is like an inviolable ruler: a perfectly objective unit of measurement for the endless variations of market values.”
—Robert Breedlove

“Bitcoin is a path-dependent, one-time invention; its critical breakthrough is the discovery of absolute scarcity—a monetary property never before (and never again) achievable by mankind.”
—Robert Breedlove

“That in order to make a person covet a thing, it is only necessary to make the thing difficult to attain.”
—Mark Twain

“Abundance in money creates scarcity everywhere else. Scarcity in money creates abundance everywhere else.”
—Jeff Booth

“[Bitcoin is] more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes.”
—Satoshi Nakamoto

Digital Money (Guy Swann / Bitcoin Audible / Guy’s Take #60)

THE LAST BITCOIN (Beeple / Twitter)

Controlled Supply (Bitcoin Wiki Contributors)

Bitcoin Difficulty Adjustment NgU Tech (@BTCKindergarten / Bitcoin Kindergarten #68)

Accepting Scarcity, A Bitcoin Meditation (Reed Wommack)

Bitcoin and Scarcity: A Meditation (Reed Wommack, John Vallis / Bitcoin Rapid Fire)

“If I know the governments are printing trillions of dollars, and there’s another form of money that can’t be printed…what would be the consequence if the world adopted it?”
—Parker Lewis

One Million Bitcoin Supply Cap (Aleks Svetski, Knut Svanholm / Wake Up Pod #69 nice)

Bitcoin is Scarcer than you Think (Simply Bitcoin)

Why Bitcoin Evangelism Matters (Brian De Mint, Dawdu M. Amantanah / The Bitcoin Source Pod)

Scarcity: Too Much Is Never Enough (@anilsaidso)

“Those that attempt to copy bitcoin fail to understand the properties that make bitcoin valuable or viable as money. Anyone choosing to speculate in a copy of bitcoin is making the irrational decision to voluntarily opt-in to a less liquid, less secure monetary network.”
—@unchainedcap

“To appreciate scarcity and to be able to put value on it, might be THE defining human characteristic.”
—@Croesus_BTC

“[Bitcoin] is a remarkable cryptographic achievement…The ability to create something which is not duplicable in the digital world has enormous value… Lot’s of people will build businesses on top of that.”
—Eric Schmidt

Also see:

• • • • Bitcoin is Digital Scarcity (DerGigi) 
      • The Intelligent Case For Bitcoin (Stephen Cole / Real Talk With Zuby #38)
      • The Dematerialization of Money (@Croesus_BTC, Marty Bent / TFTC #382) 
      • Bitcoin is Not a Hedge (Parker Lewis) 
      • Bitcoin is Not a Hedge (Parker Lewis, Robert Breedlove / What Is Money Show #267) 
      • They Are Lying To You About Inflation (Parker Lewis, Mark Moss / Mark Moss Show) 
      • Bitcoin Explained in 45 Minutes (Blue Collar Bitcoin #59)
      • Banks, Digital Money, and a Cat (Guy Swann / Bitcoin Audible [Guy’s Take #65])

3.6. Intro to Bitcoin’s Incentive Structure

“Show me the incentive, I’ll show you the outcome.”
—Charlie Munger

“Human nature is like water. It takes the shape of its container.”
—Wallace Stevens

“With [Bitcoin’s built-in deflationary nature], rather than a narrow short sightedness, one is encouraged to hold a long-term view of the consequences of actions and to subdue the desire for instant gratification. The system incentivizes economically rational actors to recognize the benefit of cooperating with the network, and to voluntarily choose to follow the rules of consensus.”
—Nozomi Hayase

“Through the method of decentralization, which distributes trust across the network, new incentives have now been created that align everyone’s self interests. This allows us to begin integrating parts of ourselves that have been rejected by our society. Now, those of us who are willing, can start to claim full ownership of our property — our own independent mind, body and spirit.”
—Nozomi Hayase

Fixing the Incentives Series (Jimmy Song)

• • • • Part 1: The Fiat Treadmill Keeps Us From Storing Value
      • Part 2: Fiat Money Fuels Broken Corporations
      • Part 3: How Fiat Funds National Corruption
      • Part 4: How Fiat Money Broke The World

“Bitcoin is a Vortex of Positive Incentives…You Can’t Escape It” (Robert Breedlove, Dan Roberts / What Is Money Show #194)

Bitcoin Will Dissolve All Power Structures (Robert Breedlove, Brian Rose / London Real)

Bitcoin’s Incentives are Undefeated (Saifedean Ammous / The Bitcoin Standard [pg. 221-222])

Bitcoin’s Incentives Are Perfect (Tomer Strolight, Nico Moran / Bitcoin Magazine)

“Bitcoin is a machine that turns greed into freedom”
—Alex Gladstein

Why Incentive Systems Are Better Than Coercion (Mickey Koss)

Bitcoin’s Incentive Scheme and the Rational Individual (Hugo Nguyen)

The Invisible Incentives of Bitcoin (Bitcoin Vegan, Dawdu Amantanah)

“This is the great thing about Bitcoin…it’s just a question of who takes advantage of the incentives, not whether they will be taken advantage of. One of the misunderstandings people have about Bitcoin is that some policy-maker can ‘do something about it’. In mining for example—you can’t do anything about it. The issuance is algorithmic. No tax policy or incentive structure the government offers can change it one bit.”
—Troy Cross

How Bitcoin’s Sound Incentives Drive A Sound World (Stanislav Kozlovski)

Fiat is ambition-reducing technology (@anilsaidso)

Bitcoin’s Incentives (Joe Burnett, Spencer Nichols, CK Snarks / Bitcoin Magazine Pod)

Bitcoin as Social Cooperation (Holger von Krosigk / Dematerialize Blog)

“Individuals and institutions that do not face the full consequences of their decisions will naturally see their appetite for risk increases beyond prudence. We’ve witnessed this repeatedly with almost every major modern financial crisis due to misaligned incentives. The ability of sovereign governments to backstop companies and entire industries sends the signal that becoming ‘too big to fail’ is now a legitimate competitive strategy. This of course is all made possible by our current fiat monetary system.”
—@anilsaidso

“Through incentivizing greed, Satoshi does not test miners beyond their capacity to endure, and, at the same time, by rewarding honest behavior, he ensures that even the lost souls among us who are devoid of conscience will not be led astray.”
—Nozomi Hayase

“Bitcoin is a distributed incentive structure we collectively engineer and freely opt-into. This leaderlessness is one part of what gives Bitcoin — in particular, beyond other cryptocurrencies — such robustness.”
—Dhruv Bansal

Also see:

• • • • How the Incentives of PoW Are More Fair Than PoS (Mickey Koss) 
      • Bitcoin De-Incentivizes Overconsumption (Macro Jack / Twitter Thread) 
      • Economically Incentivized Innovation Sets Bitcoin Apart: Unitary Money (Colin Crossman) 
      • Bitcoin Transforms Evil Into A Greater Good (Nozomi Hayase) 
      • The Illusion of Reality (Seb Bunney / Looking Glass Education) 
      • Finding Bitcoin’s Signal in a Noisy World (Jeff Booth, Preston Pysh / We Study Billionaires #BTC100) 
      • An Orange-Pilled Financial Planner (Josh Hurd, John Vallis / Bitcoin Rapid Fire) 
      • Exponential Growth Of Bitcoin & Building With Bitcoin (Austin Hill, Jeff Booth, Brady Swenson / Swan Signal Live) 
      • Rights, Incentives & The Bitcoin System (Guy Swann / Bitcoin Audible / Guy’s Take #32) 
      • A Chat with Robert Breedlove at Pacific Bitcoin (Robert Breedlove, Brandon Quittem / Pacific Bitcoin 2022) 
      • Cosmic Bitcoin: The Living Organism (Brandon Quittem, CK Snarks / Bitcoin Magazine Pod) 
      • Bitcoin is a Source of Creative Inspiration (@ReelRichard, John Vallis / Bitcoin Rapid Fire) 
      • Jeff Booth Series (Jeff Booth, Robert Breedlove / What Is Money Show) 
      • Bitcoin Information Theory: B.I.T. (Aaron Segal) 
      • Information Theory, Consciousness & Monetary Entropy (Aaron Segal, CK Snarks / Bitcoin Magazine Pod) 
      • Why Bitcoin Evangelism Matters (Brian De Mint, Dawdu M. Amantanah / The Bitcoin Source Pod) 
      • Bitcoin Is Love (Nozomi Hayase, Cedric Youngelman / Bitcoin Matrix #146) 
      • Our Value System, People vs. Elites, Bitcoin as a Strategic Acquisition for U.S. (Natalie Smolenski, Natalie Brunell / Coin Stories) 

3.7. Who Are “Bitcoiners”?

“We [Bitcoiners] were called geeks, lunatics, fringe, and radicals, long before Bitcoin came into our lives! We were often ridiculed and called crazy. People around us saw us being eccentric and overly idealistic. We are remnants who are compelled to reject the status quo. We were willing to remain as a minority, accept all stigma and labels by refusing to trade our authenticity for acceptance. Some interpreted our rebelliousness as us being too stubborn or unreasonable, when in truth we were simply not willing to compromise our values.”
—Nozomi Hayase

“Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it’s the only thing that ever has.”
—Margaret Mead

“This is lies, my trust in you is broken, I will make you obsolete.”
—BTCPay Server emperor Nicolas Dorier to shitcoin company BitPay, shortly before obsoleting them

Bitcoiners in their Natural Habitat (@Randallsanimals)

Bullish on Bitcoiners (Bitcoin Gandalf / Twitter)

Bitcoin vs. Crypto Culture (Jonathan Leger)

Rich or Poor, Bitcoiners Have What Money Can’t Buy (Tomer Strolight)

• • • • Article
      • Discussion w/ Cedric Youngelman on The Bitcoin Matrix Pod #74

Bitcoiners Aren’t Toxic — They Have Integrity (Tomer Strolight)

• • • • Article
      • Discussion w/ Dennis Porter

“When you’re around wealthy/fancy/upper-class circles or dinners, one of the hallmarks is that those people don’t crap where they eat. You might be in the environment of someone you think is engaging in illegal or immoral activity, and are deserving of criticism at a minimum, and it doesn’t happen because nobody wants to ruffle the feathers. What I like about bitcoiners is, because they’re so independent—because they have such a reverence for truth—because the more of their wealth they have in bitcoin, the more impervious they are to the consequences of ruffling feathers—the more emboldened they are to say, ‘Hey scammer, fuck you.’”
—John Vallis

Don’t Tell Me There Are No Heroes In Bitcoin (Tomer Strolight)

Bitcoin is for Everyone (Tomer Strolight, Cedric Youngelman / Bitcoin Matrix Pod #80)

Bitcoin is For The Children (Daniel Prince, Cedric Youngelman / Bitcoin Matrix Pod)

Bitcoin and Providing For Your Family (McKenzie Collins, Anthony Pompliano / Pomp Podcast #443)

For Bitcoin to Win, We Must Burn The Ships (@InterstellarBit)

How a Lefty Became a Maxi (Pleb Poet)

HODLers Are The Revolutionaries (Dan Held)

• • • • Written version
      • Video version (Power Laws)

Does Buying Bitcoin Make You Crazy? (Marko Josipović)

“Sometimes people who seem a little crazy are the ones who really get it.”
—Matthew Kratter

“No Hero fights alone; All for one, one for all. Your call to HODL need not be the same as mine; indeed, they can be very different. Yet, in the end, they all redound to the benefit of each other.”
—Prateek Goorha

“Hodling bootstrapped Bitcoin into existence. Hodling increases value, which increases demand, hash rate, and network security, which, in turn, attracts new hodlers and devs. This self-reinforcing feedback loop drives Bitcoin’s network effects, security, and value.”
—@TobiasAHuber

“She just left to go stay at her sisters. She super mad that I didn’t sell at 60k and looks at the price often scolding me. I keep telling her we don’t need the money and have the cash. We live nice. However today she caught me buying the dip and was so pissed she almost hit me! Now she packed bags and went to her sisters to stay. She said not to talk to her. This is where I need help, where is a good place to pick up girls in my Lambo?”
—Redditor u/Parking_Meater, after his wife left him over Bitcoin

My Wife Is Leaving Because of Bitcoin (Eric Podwojski)

What I Discovered About Bitcoin Culture on a Bitcoin Tour (Captain Sidd)

Bitcoiners are Building the Future They Want to See (Captain Sidd)

Ponzi Empires, Petrodollars, Van Life, & Building Communities (Kyle Murphy, Cedric Youngelman / Bitcoin Matrix Pod #83)

Blue Collar Bitcoin with Firefighters Dan & Josh (Dan, Josh, Cedric Youngelman / Bitcoin Matrix #99)

Bitcoin, Science, Memes & Dreams (@SusieBdds, Cedric Youngelman / The Bitcoin Matrix #142)

Problem-solving Paramedics (Dan, Josh, Jake Woodhouse / Bitcoin With Jake #35)

Life After the Death of Fiat: Four Days in Lebanon with “The Bitcoin Standard” Author Dr. Saifedean Ammous (Pete Rizzo)

Down the Bitcoin Rabbit Hole With Aleks Svetski, Co-founder and CEO of Amber (The Gold News Channel)

Bitcoin And The HOPF Cycle of the Internet (Giacomo Zucco, Aleks Svetski / Wake Up Pod #25)

From Doomsday Cult Member to Crypto Trader to Bitcoiner, My Journey (Jonathan Leger)

Writing About Bitcoin (Knut Svanholm, Jake Woodhouse / Bitcoin With Jake #1)

Vocal Bitcoin Maximalists are the most humanitarian and selfless individuals in Bitcoin. (Francis Pouliot)

Bitcoin Maximalism is The Way of the Peaceful Warrior (Nozomi Hayase)

“Bitcoiners are among the few people who make a cult out of spending as little money as possible in our current consumer culture. With memes like ‘Stacking Sats,’ ‘Hodl,’ or ‘BTFD’ (‘buy the fucking dip’), they not only intelligently overcome the emotions of the market. But, there’s much more to it: It’s the rebirth of a savings culture.”
—Holger von Krosigk

“For Bitcoiners, saving has become almost a mystical end in itself. Knowing that the price could rise immeasurably, material things become insignificant in the here and now. Medium-term show-off items like the infamous ‘Lambo’ have long since been written off and have made way for a utopia that hardly contains anything material.”
—Holger von Krosigk

“You must be doing something right if they’re calling you a conspiracy theorist”
—Eckhart Tolle

Bitcoin is the Rebirth of Savings Culture (Holger von Krosigk / Dematerialize Blog)

Bitcoin is Big Tent Money (Mat Hanzelka, Steve Sanduski / Digital Money Advisor)

Bitcoin Across Generations (Gary Leland, @BTCKaz / Down The Rabbit Hole #3)

Bitcoin as a Form of Art (Phil Gibson, @BTCKaz / Down The Rabbit Hole #6)

Bitcoin and the American Idea (Isaiah Jackson, Alex Gladstein, Aarika Rhodes, Faidal Saeed Al Mutar / Bitcoin Spaces Live)

Mises: The Original Toxic Maximalist (Michael Goldstein)

Surfer Jim Episodes on TBM (Surfer Jim, Cedric Youngelman / Bitcoin Matrix Pod)

• • • • Ep. 17: The Bitcoin Radical
      • Ep. 22: A Very Bitcoin Thanksgiving: COVID Lockdown Edition (feat. Katie The Russian, Pierre Rochard, Jimmy Song, Knut Svanholm)
      • Ep. 76: Bitcoin Is Inevitable
      • Ep. 114: The State of America, Bitcoin & Why He’s More Stoked Than You Are – Regularly

Bitcoin Tour of the Country (@CaptainSiddh, @DeFBed / Talking in Bits #66)

Philosophy and Mining (Hodl Tarantula, @DeFBed / Talking in Bits #67)

Texas Slim on Talking In Bits (Texas Slim, @DeFBed / Talking in Bits #74, #79)

• • • • Part 1: Half Measures Avail You Nothing
      • Part 2: Reclaim Your Market Access

Interview with a Hardcore Toxic Bitcoin Maximalist (Francis Pouliot / Fun With Bitcoin Pod)

Mental Health and Awakening with Bitcoin (@mollsunminding, Daniel Prince / Once Bitten! #294)

Why Bitcoin is Better Money (Knut Svanholm, Natalie Brunell / Coin Stories)

All-in on Bitcoin (@InterstellarBit / Twitter)

From Bernie to Bitcoin (Logan Bolinger, Mark Stephany / The Progressive Bitcoiner)

Bitcoin is an Answer for Progressive Values (Jason Maier, Mark Stephany / The Progressive Bitcoiner)

Awaken The Lion (Simply Bitcoin)

“Many people who are going through the early stages of the awakening process are no longer certain what their outer purpose is. What drives the world no longer drives them. Seeing the madness of our civilization so clearly, they feel somewhat alienated from the culture around them. Some feel that they inhabit a no-man’s-land between two worlds. They are no longer run by the ego, yet the arising awareness has not yet become fully integrated into their lives. Inner and outer purpose have not merged.”
—Eckhart Tolle

Cheers to the Disagreeable (Simply Bitcoin)

Why The Bitcoin Price Is Wrong (Aleks Svetski, Anthony Pompliano / Pomp Podcast #167)

Going Down With The Ship — Bitcoin Or Nothing (Aleks Svetski)

Bitcoiners are the Remnant (Aleks Svetski, CK Snarks / Bitcoin Spaces Live)

Thriller Lightning: Stacker.News Founder Keyan (@ThrillerX_, Keyan Kousha / Thriller Bitcoin Zine)

Thriller Lightning: Lisa Neigut of Blockstream (@ThrillerX_, Lisa Neigut / Thriller Bitcoin Zine)

Fight With Us. Win With Us. (Simply Bitcoin)

You Are The Signal (Kumo McMahon)

I Bought My First Bitcoin at Age 67 (Stephen Ivan)

I would rather ride Bitcoin to zero than go back to the fiat slavery system. (Nico Moran / Twitter)

Grassroots Financial Education (Daz Bea, Jake Woodhouse / Bitcoin With Jake #2)

Institutional Investor Insights (James Lavish, Jake Woodhouse / Bitcoin With Jake #6)

Kids Bitcoin Club (John Tiernan, Jake Woodhouse / Bitcoin With Jake #14)

Orange-Pilling a President (Andre Loja, Jake Woodhouse / Bitcoin With Jake #54)

Discovering Bitcoin with Michael Dunworth (Michael Dunworth / Discovering Bitcoin #6)

Taking Bitcoin to Africa with Bitcoin Mtaani (Guantai Kathurima, Mary Imasuen / Nobcast #28)

Creatively Expressing Yourself Through Bitcoin (Dawdu Mahama-Amantanah, Mary Imasuen / Nobcast #30)

Who is Michael Saylor? (Michael Saylor, Julian Figueroa / Kinetic Finance)

We Are The Stories We Tell Ourselves (Andy Edstrom, John Vallis, Daniel Prince / Once Bitten! Pod #55)

Running for Governor, The Pursuit of Mental Clarity, & Psilocybin for Veterans (Shane Hazel, John Vallis / Bitcoin Rapid Fire)

Philosophy, Fighting and the Importance of Bitcoin (Kenny Florian, John Vallis / Bitcoin Rapid Fire Pod)

Self-Sovereign Homesteading on a Bitcoin Standard (@HodlRev, John Vallis / Bitcoin Rapid Fire)

The Journey to Becoming a Bitcoin Developer (Austin Kelsay, John Vallis / Bitcoin Rapid Fire)

Fighter, Philosopher, Bitcoiner (Kenny Florian, John Vallis / Bitcoin Rapid Fire)

Orange-Pilled at 19, Why Bitcoin Is So Important (Dylan LeClair, John Vallis / Bitcoin Rapid Fire)

Bitcoin “Pleb” Culture (Michael Krieger, John Vallis / Bitcoin Rapid Fire)

The Bitcoin Rapping Revolutionary (@tip_nz, John Vallis / Bitcoin Rapid Fire)

Conversation with Ben Justman (Michael Lucchesi, Ben Justman / The Heuristic Pod #18)

Wine-maker on a Bitcoin Standard (Ben Justman, John Vallis / Bitcoin Rapid Fire)

Ditching Marxism & Finding Bitcoin (Mercedes Juárez, John Vallis / Bitcoin Rapid Fire)

Discovering Bitcoin with John Vallis (John Vallis / Discovering Bitcoin #8)

Bullish on Bitcoiners (John Vallis, Cedric Youngelman / Bitcoin Matrix Pod #37)

Reflecting on the Cypherpunk Movement, Inventing Hashcash, Satoshi & Bitcoin (Adam Back, Cedric Youngelman / Bitcoin Matrix Pod #114)

Millennial Money, Building A YouTube Empire, and Bitcoin vs. Banks (Michelle Phan, Natalie Brunell / Coin Stories)

“Bitcoiners are deviant from the norm — an anomaly that creates a glitch in the matrix. We could not accept the fiat’s standard of living that constantly steals our energy through inflation and keeps us in perpetual state of poverty and sickness. We couldn’t even if we wanted to.”
—Nozomi Hayase

“Bitcoin Plebs don’t easily succumb to mainstream media’s doom-and-gloom headlines. They don’t care about what politicians are doing. Their laser-beamed eyes pierce through lies and deception and they cannot be fooled by the tricks of the clown world.”
—Nozomi Hayase

“Sooner or later something seems to call us onto a particular path. You may remember this ‘something’ as a signal calling in childhood when an urge out of nowhere, a fascination, a peculiar turn of events struck like an annunciation: This is what I must do, this is what I’ve got to have. This is who I am.”
—James Hillman

“It’s much harder to herd wolves than sheep.”
—Aleks Svetski

Also see:

• • • • SECTION 2.7: Why Do Bitcoiners Hate “Crypto” So Much?
      • SECTION 5.2: Bitcoin + Art / Culture / Design
      • SECTION 5.17: Bitcoin + Hope / Optimism
      • SECTION 5.36: Bitcoin + Psychology
      • SECTION 5.34: Bitcoin + Purpose / Meaning
      • SECTION 5.51: Bitcoin + 🖕
      • How to be a Bitcoin Maximalist (Pete Rizzo / Forbes) 
      • Bitcoin’s Power To Lift People Up (Justin Rhedrick, Anthony Pompliano / Pomp Podcast #515) 
      • Bitcoin and The Art Of War (Kenny Florian, Robert Breedlove / What Is Money Show #131) 
      • Escaping Canada and Living as a Sovereign Individual (Francis Pouliot, John Vallis / Bitcoin Rapid Fire) 
      • The Beautiful Beginnings of Bitcoin Beach in El Zonte (Jorge, Chimbera, John Vallis / Bitcoin Rapid Fire) 
      • From “Fiat Self” to “Bitcoin Self” (Tomer Strolight, John Vallis / Bitcoin Rapid Fire) 
      • Shitcoiner to Bitcoiner (Josh Khon, Cory Tucek / Bitcoin Made Simple #71) 
      • The Expansive Nature of Bitcoin (Troy Cross, Steve Sanduski / Digital Money Advisor) 
      • Bitcoin and Scarcity: A Meditation (Reed Wommack, John Vallis / Bitcoin Rapid Fire) 
      • Homesteading, Homeschooling, Rites of Passage, & Bitcoin (Anonymous Craig, John Vallis / Bitcoin Rapid Fire) 
      • Bitcoin and Veterans (Wes Lippman, John Vallis / Bitcoin Rapid Fire) 
      • Bitcoin Don’t Lie (Big Sean Harris, Cedric Youngelman / Bitcoin Matrix #119) 
      • A Progressive View of Bitcoin (Margot Paez, Peter McCormack / What Bitcoin Did #478) 
      • Bitcoin and a New System For Change (Scott Wolfe, Mark Stephany / The Progressive Bitcoiner) 
      • A Chat with Robert Breedlove at Pacific Bitcoin (Robert Breedlove, Brandon Quittem / Pacific Bitcoin 2022) 
      • It’s Just Math (Lawrence Lepard, Cedric Youngelman / The Bitcoin Matrix) 
      • How a Bitcoin Future Impacts Humanity (@DecrimNat, Erin Crawford / Death and Bitcoin Pod) 
      • Bitcoiner Book Club (Jordan Peterson, Richard James, DerGigi, John Vallis, Robert Breedlove / Jordan B. Peterson Pod #186) 
      • Bitcoin Lake, Guatemala, Biomining & The Holy Grail of BTC (Dr. Patrick C. Melder, Cedric Youngelman / Bitcoin Matrix Pod #109) 
      • Culture and Choice (Pleb Poet) 
      • The Price of Principles (Dr. Bitcoin MD) 
      • Undoing an MBA (@Croesus_BTC, Jake Woodhouse / Bitcoin With Jake #49) 
      • Bitcoin: A Trojan Horse For Freedom (Alex Gladstein, Anita Posch / Anita Posch Show #109) 
      • Connecting Bitcoin Communities (Lukas Duczko, Mary Imasuen / Nobcast #14) 
      • Team Satoshi: Sports and the Road to Bitcoin (Vitus Zeller, Richard Teller, Anita Posch / Anita Posch Show #127) 
      • Discovering Bitcoin with (Saint) OPTI (Optimist Fields, DB / Discovering Bitcoin) 
      • Why is this Bitcoiner a Farmer in Botswana? (Paco De La India) 
      • Our Value System, People vs. Elites, Bitcoin as a Strategic Acquisition for U.S. (Natalie Smolenski, Natalie Brunell / Coin Stories) 
      • Why I Left My Legacy News Job For Bitcoin (Natalie Brunell) 
      • The Most Harrowing Interview I Have Ever Conducted (@Nackoo2000, Daniel Prince / Once Bitten Pod #327) 
      • Conversation with Tristan Scott (Michael Lucchesi, Tristan Scott / The Heuristic Pod #17) 
      • The Bitcoiner’s Dilemma (DJ Valerie B LOVE)

4. Clearing Up Bitcoin FUD

FUD (noun): Fear, Uncertainty and Doubt, usually evoked intentionally by a rival project, group, or institution. FUD is generally a strategy to influence perception by disseminating negative and dubious or false information and a manifestation of the appeal to fear.

“Hating on #bitcoin tells me one of two things about you. Either you haven’t learned enough about it, or its success threatens yours.” (Evan Prim / Twitter)

Why Bad News is Good for Bitcoin (Stephen Ivan)

Also see:

• • • • Silicon Valley Fundamentally Doesn’t Understand Bitcoin (Dan Held, Anita Posch / Anita Posch Show #27) 

4.1. Most Common Bitcoin FUD Debunked

Addressing Persisting Bitcoin Criticisms (Ria Bhutoria / Fidelity)

7 Misconceptions About Bitcoin (Lyn Alden)

7 Misconceptions About Bitcoin (Lyn Alden, Jeff Booth, Brady Swenson / Swan Signal Live)

11 Myths About Bitcoin (Aleks Svetski)

Bitcoin Fallacies Debunked (@anilsaidso / Twitter Thread)

Debunking Common Bitcoin Myths (Yassine Elmandjra)

Vijay Boyapati Fireside Chat (Olivier Bossard / Reason TV)

Beanie Babies and Black Markets: Where Mainstream Media Gets Bitcoin Wrong (Colin Harper)

Correcting Ray Dalio’s Misunderstandings About Bitcoin (Brandon Green)

Debunking Bitcoin FUD (Arman the Parman)

The Bitcoin Myths Debunked (DarthCoin)

Busting Arguments Against Bitcoin (Andreas Antonopoulos, Anita Posch / Anita Posch Show #17)

THAT AIN’T BITCOIN (Simply Bitcoin)

Also see:

• • • • Vijay Boyapati Explains Bitcoin In 90 Minutes (Vijay Boyapati / Jay Gould Show #35) 
      • Killing The FUD (Parker Lewis, Peter McCormack / What Bitcoin Did #358) 
      • Response to Cole South’s “Why I Don’t Own Bitcoin Anymore” (Stephan Livera) 

4.2. “Bitcoin is Bad For The Environment”

4.2.1. Separating Fact From Propaganda

“Many people, when decrying Bitcoin’s energy footprint, point out its energy consumption and presume that someone, somewhere is being deprived of electricity because of this rapacious asset. Not only is this not the case, but Bitcoin’s presence in many jurisdictions doesn’t affect the price of energy at all because the energy there isn’t actually being used.”
—Nic Carter, Advisor, Bitcoin Clean Energy Initiative

“Bitcoin isn’t the great [environmental] evil we have been led to believe. Until you’ve looked deeply into something, you’re not in a position to judge it.”
—Daniel Batten, Climate Activist, ClimateTech VC

Debunking the ESG Attacks on Bitcoin (Spencer Nichols)

Bitcoin — Let’s Start From Scratch (Daniel Batten)

Bitcoin: It’s Counterintuitive, But It’s Net-Positive For The Environment (Daniel Batten)

7 Renewables Misconceptions (Daniel Batten)

The ESG Case For Bitcoin (Daniel Batten, Anthony Pompliano / Pomp Podcast #962)

Bitcoin Can Help Stop Climate Change (Daniel Batten, Spencer Nichols / Bitcoin Spaces Live)

Bitcoin’s role in reducing Climate Change (Daniel Batten)

Why are environmental activists and climate policy advocates changing their minds about Bitcoin? (Level 39 / Twitter Thread)

Is Bitcoin An Environmental Disaster? (Dominic Frisby, Ioni Appelberg)

Discussing Bitcoin’s Energy Consumption (Till Musshoff)

“Electricity is not scarce. It’s not a commodity like water in a drought, where if you don’t use it, you’re saving it for some other use. It’s use it or lose it, and it’s radically scarce and radically abundant at different places and times. So your simple heuristic of ‘don’t use a precious resource’, and ‘waste not want not’, doesn’t apply to electricity. In fact, it’s the opposite. We need more users of electricity where it’s overly abundant, in order to provide revenue for those generators.”
—Troy Cross

On Bitcoin’s Energy Consumption: A Quantitative Approach to a Subjective Question (Rachel Rybarczyk, Drew Armstrong, Amanda Fabiano)

Bitcoin Does Not Waste Energy (Parker Lewis)

How Can Bitcoin Balance the Grid (Dennis Porter / Satoshi Action Fund)

How Can Bitcoin Help Increase the Growth of Renewables? (Dennis Porter / Satoshi Action Fund)

Bitcoin Mining Is Good for the Energy Grid and Good for the Environment (Dennis Porter)

Bitcoin’s Energy Usage Isn’t A Problem (Lyn Alden)

Lyn Alden Debates Dutch Central Banker On Bitcoin Energy and Climate Change (Lyn Alden)

Differentiating Real Environmentalism vs. ESG Checkmark Fraud (Lyn Alden / Twitter)

Why Bitcoin’s Energy Use is Not Environmentally Harmful (Tomer Strolight)

Bitcoin Is The First Global Market For Electricity And Will Unleash Renewables (Nima Tabatabai)

Letter From The Bitcoin Community To The Environmental Protection Agency (Nic Carter, Darin Feinstein, Anton Galvas, Mike Alfred, Peter Wall, Peter Fenton, Amanda Cavaleri, Ben Gagnon, Mike Belshe, Jack Dorsey, Don Tapscott, Mason Jappa, Alex Martini Lo Manto, Matthew Roszak, Romain Nouzareth, Perianne Boring, Whit Gibbs, Donna Redel, Michael Colyer, Thomas Lee, Michael Novogratz, Michael Sonnenshein, Todd Garland, Dan & Will Roberts, Daniel Roberts, Shanon Squires, Fred Thiel, James Manning, C.J. Wilson, Stan Chudnovksy, Brian Estes, Jason Les, Anthony Scaramucci, Stephen Barbour, Michael Ho)

A Climate Physicist’s Take on Bitcoin’s Environmental Criticism (Margot Paez)

• • • • Part 1: Introduction / Financialization
      • Part 2: Bitcoin as a Vehicle for System Change
      • Part 3: Bitcoin’s Environmental Impact
      • Part 4: For a Habitable Future, We Must Stop Financialization

Bitcoin, the Climate Crisis, and Financialization (Margot Paez, Steve Sanduski / Digital Money Advisor)

A Progressive View of Bitcoin (Margot Paez, Peter McCormack / What Bitcoin Did #478)

What Greenpeace Gets Wrong About Bitcoin (Margot Paez, Dennis Porter)

Why Environmentalists Should Love Bitcoin (Margot Paez / London Bitcoin Space)

If I Can Dream (Margot Paez, @JimDuffy_ / Bitcoin Collective Pod #126)

Bitcoin Net Zero (Nic Carter, Ross Stevens / NYDIG)

The Real Truth About Bitcoin’s Energy Usage (Andreas Antonopoulos)

Why “Energy Consumption” Math Sucks (Andreas Antonopoulos)

The Fake Environmentalist Attack on Bitcoin (Nic Carter, Alex Gladstein, Nick Gillespie / ReasonTV

Bitcoin Mining Is America’s Most Misunderstood Industry (Nic Carter)

Bitcoin’s Energy Crisis: Fact or Fiction? (Nic Carter, Power Laws)

The Last Word on Bitcoin’s Energy Consumption (Nic Carter)

The Frustrating, Maddening, All-Consuming Bitcoin Energy Debate (Nic Carter)

Is Bitcoin Destroying the Planet? (Bitcoin Policy Institute)

Bitcoin Policy Institute’s Response to the White House Office of Science and Technology Policy (Troy Cross, Margot Paez / Bitcoin Policy Institute)

Does Bitcoin Waste Energy? (Kudzai Kutukwa)

A NASA Researcher’s Bitcoin Dream (Mark Stephany, Dr. Sergio Sejas / The Progressive Bitcoiner)

Fighting Bitcoin FUD (Parker Lewis, Vijay Boyapati, Brady Swenson / Swan Signal Live #61)

Bitcoin and a New System For Change (Scott Wolfe, Mark Stephany / The Progressive Bitcoiner)

A Closer Look at the Environmental Impact of Bitcoin Mining (Christopher Bendiksen)

The Eco Narrative Against Bitcoin, and Why It Doesn’t Use Proof Of Stake (Gabriel Shipton, Andreas Antonopoulos, Anita Posch / Anita Posch Show #114)

Bitcoin is the Real Occupy Wall Street (Kent Halliburton, Brad Mills / Magic Internet Money)

Follow The Money 3: Dear Elizabeth Warren (Peter McCormack, Danny Knowles, Neil Berkley, Curt Taylor, Neil McCormack, Troy Cross, Shaun Connell, Marshall Long, Avik Roy, Giga Energy, Riot Platforms, Inc. / What Bitcoin Did)

Short Film: “This Machine Greens” (Jamie King, Jose Arriagas, Mattias Rubenson, Enrique Posner, Brad Mills, Joe Gallagher, Hass McCook, Greg Foss, Meltem Demirors, Lyn Alden, Alex Gladstein, Samson Mow, Nic Carter, Caitlin Long, Magdalena Gronowska, Adam Ortolf)

Recommended Twitter Follows 🌎🤲🌱

Also see:

• • • • SECTION 5.11: Bitcoin + Energy
      • Bitcoin, Philosophy, and Greening Bitcoin with Incentive Offsets (Troy Cross, Andrew Bailey, Mark Stephany / The Progressive Bitcoiner)

4.2.2. Fiat vs. Bitcoin: A Proper Environmental Impact Comparison

“So much of this rat-race orgy of consumption is high-time-preference behavior incentivized by the fiat monetary system, which ensures your money loses value over time. Since your purchasing power is sand in an hourglass, and since you work harder than ever just to keep up, consumer spending serves both a practical and a pacifying purpose. In other words, we are incentivized to spend because not spending or investing means our money just sits and loses value. And if we work so hard, many of us at jobs we don’t particularly enjoy, just to keep up, shouldn’t we also buy all the new cool stuff to make us feel like it’s all worth it?”
—Logan Bolinger

Short Film: “Consumerism” (Maks Monkozzz)

Bitcoin vs. Fiat Environmental Impact In 1 Tweet (Macro Jack / Twitter)

Carbon Footprint Differences BTC vs. Banks (Stackmore)

The Bitcoin Vs Visa Electricity Consumption Fallacy (Carlos Domingo)

Environmentalism is inherently at odds with inflationary monetary systems (@point_btc / Twitter)

No technology fosters environmental sustainability more than BTC (Ben Wehrman / Twitter)

Bitcoin Versus the Banks: Which is Better for the Planet? (Bitcoin Policy Institute)

Fiat is consumption, Bitcoin is saving. Which do you think conserves the environment? (Jimmy Song / Twitter)

Bitcoin “cleans up” the biggest user of fossil fuels in the world: fiat money. (Max Keiser, @Ori_M_Gabriel / Twitter)

“Perhaps those who feel righteously indignant about [whatever product or service], and consider it another consumerist evil to be morally assaulted, should have a long hard think about the effects of a global deflationary money on mindless credit-driven consumerism and its detrimental effects on the environment.”
—Christopher Bendiksen

“Bitcoin is our only hope for environmental sustainability. You can’t build conservation efforts on top of a broken monetary system…fiat is juicing hyperconsumption — IT IS the problem. Bitcoin flips this incentive. It’s rules without rulers. Proof-of-Work is a small cost to pay to stop the money printing…compared to 13 aircraft carriers and their escorts…protecting private property with technology rather than the military industrial complex is far more efficient.”
—Bryan Solstin

Also see:

• • • • Busting Arguments Against Bitcoin (Andreas Antonopoulos, Anita Posch / Anita Posch Show #17)

4.2.2.a. What is the “Petrodollar”?

Think BTC is a Dirty Business? Consider the Carbon Cost of a Dollar (Susan Su)

Short Film: “Petrodollars” (Richard James)

Petrodollar Deep Dive (Alex Gladstein)

From the Petrodollar to a Bitcoin Standard (Alex Gladstein, Nic Carter, Peter McCormack / What Bitcoin Did #353)

Uncovering The Hidden Costs Of The Petrodollar (Alex Gladstein)

The Military-Industrial Complex Expends Incalculable Pollution To Protect the Fiat System (Hass McCook)

The dollar is soaked in blood (Peruvian Bull, @ChrisBe94681185 / Twitter)

Bitcoin is the Monetization of Energy. If It Does Not Succeed, Humanity is in for a Bad Time (Hass McCook, Anita Posch / Anita Posch Show #26)

All Wars Are Banker Wars (Michael Rivero)

“Our current system of money finances war on a massive scale and that is the most environmentally destructive human activity we have. Inflation is a hidden tax and it’s very destructive.”
—Andreas M. Antonopoulos

4.2.3. Could Bitcoin Actually Be GOOD for the Environment?

“I started off researching batteries as a solution to the intermittency of solar. I soon realized that without another off-taker for surplus power, batteries were incomplete. After testing a number of possible off-takers, I realized that the best one by far was Bitcoin Mining.”
—Sam Kivi, Solar Engineer

“Bitcoin stimulates the development of alternative energy in a way that no other system does.”
—Andreas M. Antonopoulos

The Renewable Grid Needs Bitcoin Mining (Daniel Batten)

Bitcoin Mining Can Slash Methane Emissions by 2030 (Daniel Batten)

This chart says “Bitcoin is even better for the environment than we thought” (Daniel Batten / Twitter)

The Root Cause of Environmental Concerns (Knut Svanholm)

Bitcoin De-Incentivizes Overconsumption (Macro Jack / Twitter Thread)

Can Bitcoin Mining Save The Environment? (Troy Cross, Peter McCormack / What Bitcoin Did #463)

Can Bitcoin Be Good For The Environment? (Dennis Porter, Troy Cross, Adam Wright, Daniel Batten, Nathaniel Harmon)

• • • • Full conversation
      • Highlight summary (Saz)

Low Time Preference and Environmentalism (Troy Cross / Twitter)

The Future of the Bitcoin Energy Debate (Troy Cross, NLW / The Breakdown)

Fiat money destroys the environment, not Bitcoin (Macro Jack / Twitter)

Bitcoin Incentivizes Green Energy (Till Musshoff)

Green Energy And Bitcoin (Knut Svanholm)

Flipping The Switch On Renewables With Bitcoin (Nima Tabatabai, Ali Chehrehsaz, Mark Stephany / Progressive Bitcoiner Pod)

How Bitcoin mining can hasten the transition to renewable energy (Zac Guignard / Twitter Thread)

Bitcoin Mining Is Good For The Environment Part 1, 2, 3 (Matthew Kratter / Bitcoin University)

• • • • Part 1
      • Part 2
      • Part 3

Bitcoin is Key to an Abundant, Clean Energy Future (Square Inc., Ark Invest)

The Solar-Bitcoin Convergence (Max Webster)

Bitcoin: The Future of Sustainable Heating? (Julian Figueroa, Colin Sully / Kinetic Finance)

Bringing Bitcoin to the US Senate (Bryan Solstin, Mark Stephany / The Progressive Bitcoiner)

Flipping The Switch on Renewables and Bitcoin (Ali Chehrehsaz, Nima Tabatabai, Mark Stephany / The Progressive Bitcoiner)

“Stewardship of the earth requires low-time preference behavior. Guess what drives low-time preference? Bitcoin.”
—Kent Halliburton

Bitcoin incentivizes humanity to turn its waste into fuel and energy abundance. (@Level39 / Twitter)

Tesla, Block and Blockstream Team Up to Mine Bitcoin Off Solar Power in Texas (MacKenzie Sigalos, Shaun Connell, Adam Back, Jack Dorsey, Elon Musk)

“Bitcoin mining’s energy consumption is obvious, but its environmental benefit is not immediately obvious. Perhaps for this reason, it is easy to make a premature and superficial assessment based only on energy consumption that Bitcoin has a net negative environmental impact. Such reasoning is flawed since the net impact can only be established by considering both environmental cost and benefit.”
—Daniel Batten

“If we hope to actually get anywhere in solving our sustainability problem, we are better served by investing more heavily in renewable energy, not in condemning those that use it to solve their problems. Bitcoin mining has the potential to play an important role in this transformation by solving one of the largest outstanding problems in renewable grid architecture. Unless we’re all willing to spend just a little more time and effort analyzing this issue in necessary depth, we risk missing out on an incredible and time-sensitive opportunity. That would be a waste.”
—Christopher Bendiksen

Also see:

• • • • SECTION 5.11: Bitcoin + Energy
      • How Bitcoin can Expand the Grid in Africa (Erik Hersman, Peter McCormack / What Bitcoin Did #607)
      • The Illusion of Reality (Seb Bunney / Looking Glass Education)
      • Fix The Money, Fix The World (Aleks Svetski)

4.2.4. What is the Root Source of the Environmental FUD Attacks Toward Bitcoin?

TLDR: The central bankers it obsoletes

Root Source of All “#Bitcoin Boils The Ocean” Narratives: Central Bankers (Level39 / Twitter Thread)

Proof of Blatant Media Coordination on Energy FUD Campaigns (Level39 / Twitter Thread)

The Ripple Effects of Change The Code’s Campaign Against Bitcoin (Level39)

The Questionable Ethics of Bitcoin ESG Junk Science (Level39)

These days very few people do their own original research. Instead they borrow research like debt from someone they assume has. (Daniel Batten / Twitter)

Klaus Schwab and the ESG Scoring System: What’s Really Going On? (Russell Brand)

Bitcoin is a threat to the fiat system and its benefactors are using climate NGOs to do their dirty work (Jyn Urso / Twitter Thread)

Greenpeace USA’s Misinformed Environmental Attacks Only Energize and Galvanize Bitcoiners (Daniel Batten)

“Look at me, I’m saving the environment now” —bitcoin miner (@tulkooo2, @BitcoinIsSaving / Twitter)

Oceanographer Opening Oceans (Nathaniel Harmon, Jake Woodhouse / Bitcoin With Jake #36)

NYT Attacks Bitcoin Mining (Matthew Kratter / Bitcoin University)

“If you plug in an EV, it becomes a ‘zero emissions’ car. If you plug in a Bitcoin mine, it’s a ‘climate catastrophe’. The only difference between these two examples is how much money special interest groups are paying politicians. This is how the moralization of energy usage works.”
—Max Gagliardi

“People who believe bitcoin is bad for the environment trusted mainstream news. I was one of them. It’s forgivable to have been taken in. But once you realise you’re drinking from a polluted well, stop drinking.”
—Daniel Batten

Also see:

• • • • Bitcoin Will Save Our Earth (Captain Sidd) 
      • How Inflation Is Stealing Your Wealth (Jeff Booth, Anthony Pompliano / Pomp Podcast #572)
      • The Fake Environmentalist Attack on Bitcoin (Nic Carter, Alex Gladstein, Nick Gillespie / ReasonTV)
      • Reviving Century-Old Renewable Technology and Bitcoin Mining (Nathaniel Harmon, Mark Stephany / The Progressive Bitcoiner)
      • Central Bank Digital Currencies vs. Bitcoin (Sam Callahan, Preston Pysh / We Study Billionaires #BTC097)
      • Deep Dive on Bitcoin Energy Misconceptions (Michael Saylor, Preston Pysh / We Study Billionaires #BTC099)
      • Bitcoin: A Trojan Horse For Freedom (Alex Gladstein, Anita Posch / Anita Posch Show #109)

4.3. “Bitcoin Has No ‘Intrinsic Value’” / “Isn’t Backed By Anything” / “It’s A Speculative Bubble”

“A pile of rocks ceases to be so when somebody contem­plates it with the idea of a cathe­dral in mind.”
—Antoine De St-Exupery

“When the purchasing power of a monetary good increases with increasing adoption, market expectations of what constitutes ‘cheap’ and ‘expensive’ shift accordingly. Similarly, when the price of a monetary good crashes, expectations can switch to a general belief that prior prices were ‘irrational’ or overly inflated. . . . The truth is that the notions of ‘cheap’ and ‘expensive’ are essentially meaningless in reference to monetary goods. The price of a monetary good is not a reflection of its cash flow or how useful it is but, rather, is a measure of how widely adopted it has become for the various roles of money.”
—Vijay Boyapati

“Bitcoin is backed by something, and it’s the only thing that backs any money: the credibility of its monetary properties.”
—Parker Lewis

Does Bitcoin Have Intrinsic Value? (21 Million TV)

Nothing Has “Intrinsic Value”, Only Instrumental Value (Till Musshoff)

“Bitcoin Has No Value” 🙄 (Eric Podwojski)

What Problem is Bitcoin Solving?🤔💭 (Eric Podwojski)

Is Bitcoin Backed By Anything? (Matthew Kratter / Bitcoin University)

Does Bitcoin Actually Do Anything Useful? (Matthew Kratter / Bitcoin University)

Does Bitcoin Have Any Intrinsic Value? (Yan Pritzker)

Bitcoin Has No Intrinsic Value: Debunked (Arman the Parman)

• • • • Written version
      • Audio version (Delio Pera)

The difference between bitcoin and a bubble (David Sacks / Twitter)

Another Way to Think About Bitcoin’s Value (Bradley Rettler / Bitcoin Policy Institute)

Now Is the Time to Think About Value (Natalie Smolenski / Bitcoin Policy Institute)

Bitcoin Price vs. Value (Hodl Magoo)

Bitcoin Valuation & Cycles (Vijay Boyapati, Stephan Livera / Stephan Livera Pod #233)

What Gives Bitcoin Value (Bitcoin Magazine)

What is Bitcoin Backed By? (Eric Yakes)

Bitcoin’s Fundamental Value is That it is The Most Excellent Money That Exists (Tomer Strolight)

Bitcoin is Backed by Something (Tomer Strolight)

Why Bitcoin Has Value (Max Gagliardi)

Why is Bitcoin Valuable? (Erik Voorhees, Naomi Brockwell)

Critique Analysis: Bitcoin Has No Intrinsic Value (Case Bitcoin)

Bitcoin is Not Backed by Nothing (Parker Lewis)

Bitcoin Will Find Success Via Ultimate Utility (Marty Bent)

Warren Buffett is Wrong About Bitcoin (Jimmy Song, Brian Rose / London Real)

Robert Breedlove Explains Why Bitcoin Has Value (Robert Breedlove, Aaron Arnold, Austin Arnold / Altcoin Daily)

How We Know Bitcoin Is Not a Bubble (Daniel Krawisz)

Backed By Truth (Guy Swann / Bitcoin Audible / Guy’s Take #49)

Bitcoin is not backed by anything because Bitcoin will back everything. (@MemeingBitcoin)

Everyone’s A Speculator (Michael Gladstein)

“Bitcoin is a Speculative Bubble!” Response (Nikolai Explains)

Why Does Bitcoin Have Value? (Jeffrey A. Tucker)

“A tendency prevails to make a sharp distinction between such purely speculative ventures and genuinely sound investment. The distinction is one of degree only. There is no such thing as a non-speculative investment.”
—Ludwig von Mises

“Bitcoin looked like a bubble in 2011 at $1. It looked like a bubble in 2013 at $200. It looked like a bubble in 2017 at over $19,000…The bubble moniker is less than helpful.”
—Charlie Biello

“If anyone says that bitcoin is based on nothing but thin air, that it cannot be a money because it has no real history as a genuine commodity, and whether the person saying this is a novice or a highly trained economist, you need to bring up two central points. One, bitcoin is not a stand-alone currency but a unit of accounting attached to an innovative payment network. Two, this network and therefore bitcoin only obtained its market value through real-time testing in a market environment.”
—Jeffrey A. Tucker

Also see:

• • • • Digital Money (Guy Swann / Bitcoin Audible / Guy’s Take #60) 

4.4. “Bitcoin is a Pyramid/Ponzi Scheme”

Fiat is the Actual Pyramid Scheme — Bitcoin Replaces it (Till Musshoff)

Addressing The Ponzi Scheme Characterization (Lyn Alden)

Bitcoin Is Not A Pyramid Scheme (Parker Lewis)

4.5. “Bitcoin Has No Utility” / It’s “Boring”

“Do not try to do everything. Do one thing well.”
—Steve Jobs

🤦‍♂️ (@BitcoinIsSaving / Twitter)

Five Examples of Bitcoin’s Real World Utility (Trent Dudenhoeffer)

What is the Utility or Use of Bitcoin? (@TheInvesttoLive)

Bitcoin is A Lot More Than Just a Store of Value (Dan Tapiero)

As adoption grows, so does utility (@GhostofWhitman / Twitter)

“Nothing is happening in bitcoin” (Mike Jarmuz / Twitter)

The Utility of Saving (Pierre Rochard)

Debunk thread: “Bitcoin has no use except for speculation by tech bros” (Yan Pritzker / Twitter Thread)

Gall’s Law: Keep It Simple, Stupid (@anilsaidso)

4.6. “Bitcoin is ‘Criminal Money’”

99% of drug money laundering is done with USD (NVK / Twitter)

Is Bitcoin Only Used By Criminals? (Till Musshoff)

Is Bitcoin for Criminals? (Reed Wommack)

Critique Analysis: Bitcoin is Used By Criminals (Case Bitcoin)

Bitcoin is Not For Criminals (Parker Lewis)

Bitcoin is Terrible for Criminals (Saifedean Ammous)

“It is estimated that there are between $800 billion and $2 trillion laundered annually worldwide. To further show the impact of fiat money laundering, another estimate claims money laundering schemes cost 2%-5% of the world’s total GDP. It makes no sense to dismiss Bitcoin on the premise of criminal activity when the fiat monetary system enables so much more illegal activity.”
—Eric Podwojski

Also see:

• • • • Separation of Money and State (Andreas Antonopoulos)

4.7. “Bitcoin is MySpace, Something Else Could Overtake It”

Analyzing Bitcoin’s (Unstoppable) Network Effect (Till Musshoff)

“Bitcoin is MySpace, Some Other Crypto Could Be Facebook!” Response (Nikolai Explains)

Analyzing Bitcoin’s Network Effect (Lyn Alden)

Also see:

• • • • SECTION 2.1: Bitcoin vs. Altcoins
      • SECTION 6: Why Bitcoin Only

4.8. “Bitcoin is Too Expensive / I’m Too Late”

Unit Bias (noun):

• The faulty reasoning that a single unit must be the appropriate amount from which to make assessments and comparisons
• The concept that buyers are more enticed to buy a whole unit of a given currency instead of a fractional quantity.

“The people who bought at $100 say ‘Oh we missed the boat because it used to be $10, but let’s give it a try.’ And the people who bought at $1,000 say ‘Oh we missed the boat because it used to be $100, but let’s give it a try.’ And the people who bought at $10,000 say ‘Oh we missed the boat because it used to be $1,000, but let’s give it a try’…No one has ever said, ‘Wow, I’m super early to the game!’ Everyone thinks they’re late to the game…but there’s never a late time to get into bitcoin.”
—Gary Leland

“In order to get through this bitter regret, you have to forgive yourself.  You have to forgive yourself for having been wrong when you wrote Bitcoin off, for missing out on buying earlier.  Only then can you realize the scale of the opportunity that is still in front of you right now.  Yes, you missed out on early Bitcoin mega-wealth, but don’t let that cause you to miss out on seizing ample financial freedom and family prosperity.  We all miss it at first — forgive yourself, and then thank yourself for finding Bitcoin as early as you have!”
—@Croesus_BTC

“You buy Bitcoin at the price you admit you were wrong about Bitcoin.”
—@Croesus_BTC

Don’t Buy Bitcoin. It’s Going To Crash!!! (Alex Millar)

Am I Too Late for Bitcoin? (@Croesus_BTC)

Is it Too Late to Buy Bitcoin? ⏰ (Eric Podwojski)

1 Bitcoin = $1 Million Dollars 💸 (Eric Podwojski)

Is Bitcoin’s Price Too High to Invest? (Sam Callahan)

How Big Is The Market For Bitcoin? (Joe Burnett, Stephan Livera / Stephan Livera Pod #267)

Bitcoin’s Price Curve Will Not Be S-Shaped (Ioni Appelberg)

Bitcoin: A Once in a Species Discovery (Croesus BTC / Blue Collar Bitcoin Pod #24)

Bitcoin has a $478.8 trillion total addressable market. We are painfully early (Dennis Porter)

Has Bitcoin’s Boat Already Sailed? (Bitcoin’s S-Curve) (Matthew Kratter / Bitcoin University)

We’re So Damn Early (Simply Bitcoin)

Unit Bias: One Hundred Million Reasons (@anilsaidso)

Bitcoin is a far stronger risk-adjusted bet today than ever before in its history (Twitter)

Are you “too late” to Bitcoin? Let’s run through the math (Luke Broyles / Twitter Thread)

A lot of people have envy over people that got in earlier than them, and that’s the bad side of you talking. If instead you’re thinking long-term, and have low time preference, and look back from the future, seeing where you are now…that’s a much healthier way to think. You have the opportunity to own this asset that very few people in the world own, that allows you to preserve wealth in a way that no one else in the world can. The past is not something you can change. The present and future are things you can change. Having that gratitude and perspective is critical to not just your mental health, but seizing the opportunities you’re being given.
—Jimmy Song

Also see:

• • • • SECTION 7.3.2: Hyperbitcoinization
      • The Big Bang Series (Luke Mikic)
        
        • Part 1
        • Part 2
        • Part 3
      • The Ultimate Bitcoin Argument (Murad Mahmudov / Pomp Podcast)
      • The Bitcoin Adoption Curve (@Croesus_BTC, Preston Pysh / We Study Billionaires #BTC039)
      • Bitcoin and the Technology Adoption Life Cycle – Where Are We Now? (@Croesus_BTC, John Vallis / Bitcoin Rapid Fire #55)
      • Jealousy and Fairness in Bitcoin Distribution (@Croesus_BTC)

4.9. “How Could So Many Smart/Rich/Powerful People Be So Wrong About Bitcoin?”

“The first time you hear about Bitcoin, it’s completely rational to dismiss it as a scam. ‘Some magic guy created magic internet money and it keeps going up forever’…that alone sets most people’s bullshit detector off. You’ve got to dig deeper.”
—Brandon Quittem

“What is right is not always popular and what is popular is not always right.”
—Albert Einstein

“When new thinking is needed, it is very easy for us to remain entrenched.”
—Jeff Booth

“The mind works a bit like a sperm and egg: the first idea gets in, and then the mind shuts. This leads us to accept many erroneous results.”
—Unknown

“It is difficult to get a man to understand something when his salary depends upon his not understanding it.”
—Upton Sinclair

“Isn’t Charlie Munger old enough to be your great grandfather? I mean, do you go to your great grandfather for investment advice on new technologies?”
—Michael Saylor

Michael Saylor ends Kitco host’s life (@VandelayBTC / Twitter)

“Journalists unfamiliar with the intricacies of Bitcoin may still be assigned to report on it, and with tight deadlines. Syndication deals coupled with the intense speed of the news cycle can see the same story spread across multiple outlets before any feedback can be gathered to correct basic errors.”
—@anilsaidso

“When you base a publication’s revenue model on advertising, you’re optimizing for eyeballs over accuracy. As such, you can expect to hear only the most outlandish and extreme takes. And boy does Bitcoin make for a good target for the intellectually lazy.”
—@anilsaidso

The Incentives Are Everything (Ben Wehrman / Twitter)

Gell-Mann Amnesia Effect: Eyeballs Over Accuracy (@anilsaidso)

How could so many smart people be so wrong about Bitcoin? (@Croesus_BTC)

This Time Is Different (@Croesus_BTC, @BTCKaz / Down The Rabbit Hole #25)

How have so many tradfi legends been utterly vexed by “crypto” while Bitcoin is right under their nose? (Jeff Booth, Charles V. Payne)

Bill Gates Doesn’t Like Bitcoin! (Andy Savage)

Response to Cole South’s “Why I Don’t Own Bitcoin Anymore” (Stephan Livera)

A Response to Peter Zeihan on Joe Rogan (@Croesus_BTC)

“People will lose a billion dollars chasing crypto casinos before they’ll put a million dollars in Bitcoin. It’s just fast money, borderline greed, thinking that somehow Bitcoin is too straightforward of an idea. It’s too honest, too ethical, too rational…so the conclusion is, ‘I have to skip over that and go for the next thing.’ These are people with billions of dollars and education that should know better.”
—Michael Saylor

“Learning, growing, and evolving as a human being requires you to burn off a part of you that existed before, and that process is difficult. You’re leaving something behind that was a part of your identity.”
—Aleks Svetski

“The strongest force in the human personality is our need to be consistent with who we believe we are. At some point, we lock in with an identity and think, ‘this is who I am’, ‘this is how people like me behave’.”
—Tony Robbins

Bitcoin and Greater Fool Theory (Matthew Kratter / Bitcoin University)

Charlie Munger Is Right About Crypto (Matthew Kratter / Bitcoin University)

Don’t ever expect fiat lords to support a system that levels the playing field (James Lavish / Twitter)

“Bitcoin is an intelligence test, but it’s also an epistemic humility test. You don’t have to know everything about Bitcoin, nobody knows everything about Bitcoin. The question is, do you pretend you know when you don’t? And if you do you’ll be exposed.”
—Troy Cross

Undoing an MBA (@Croesus_BTC, Jake Woodhouse / Bitcoin With Jake #49)

Silicon Valley Fundamentally Doesn’t Understand Bitcoin (Dan Held, Anita Posch / Anita Posch Show #27)

Circle of Competence: What You Know That Just Ain’t So (@anilsaidso)

Miscategorization: It’s A Beaver, It’s A Duck… (@anilsaidso)

“The real money in this business is made by being non-consensus and right: being correct when everybody else disbelieves. You have to work as much as possible from first principles. You have to ignore the herd. If you go with the consensus and average thinking, you will get average returns.”
—Naval Ravikant

“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”
—Mark Twain

“In just the same way that Bitcoin maximalists are some combination of smart and distrusting of the system, the yuppie elite are typically smart and trusting of the system. Some are more brilliant than others, but the ones that are less smart and still successful are typically so because they are exceptionally committed and loyal employees.”
—@Croesus_BTC

A lot of the dismissals, criticisms and attacks on Bitcoin come from people who have the luxury of having a stable financial system.
—Alex Gladstein

“Today, most billionaires do not understand bitcoin. Bitcoin is an equal opportunity mind-bender. But even those who do not understand bitcoin will come to rely upon it.”
—Parker Lewis

Why The Yuppie Elite Dismiss Bitcoin (@Croesus_BTC)

Monetary Bizarro World (@Croesus_BTC)

The Bitcoin Adoption Curve (@Croesus_BTC, Preston Pysh / We Study Billionaires #BTC039)

The Intelligent Person’s Guide to Bitcoin (Aleks Svetski)

“A lot of entrepreneurs come into the top of the [crypto] funnel, and they don’t have the principled sound money background. So they go down the shitcoin rabbit hole, throwing change around, launching their own coin, etc…not realizing it’s unethical and these are illegal securities/ overvalued pieces of equity that are not worth what they’re selling for.”
—Brad Mills

“Men, including those at ease with problems of the greatest complexity, can seldom accept even the simplest and most obvious truth if it be such as would oblige them to admit the falsity of conclusions which they have delighted in explaining to colleagues, which they have proudly taught to others, and which they have woven, thread by thread, into the fabric of their lives.”
—Leo Tolstoy (War and Peace)

Resisting Virtual Life: The Prehistory of Bitcoin Skepticism (Holger von Krosigk / Dematerialize Blog)

Bitcoin is Heresy (Holger von Krosigk / Dematerialize Blog)

Debunking Ray Dalio’s Criticism of Bitcoin (Trey Sellers, Joe Burnett / Blockware Intelligence)

Charlie Munger on Bitcoin (@anilsaidso / Twitter)

First Conclusion Bias: Reacting to the Unfamiliar (@anilsaidso)

99-year-old fiat lord Charlie Munger says bitcoin bad (Bitcoin Magazine / Twitter)

Old rich guy who can barely send emails thinks America should follow communist China’s lead and ban freedom money (Matt Odell)

“You open the newspaper to an article on some subject you know well.. and see the journalist has absolutely no understanding of either the facts or the issues..and then turn the page and read as if the rest of the newspaper was somehow more accurate…”
—Michael Crichton

Also see:

• • • • SECTION 4.2.4: What is the Root Source of the Environmental FUD Attacks Toward Bitcoin?
      • SECTION 4.10: “Bitcoin is Too Confusing, I Only Invest in Things I Understand”
      • We Are So Early. Few. (@Croesus_BTC, Cedric Youngelman / Bitcoin Matrix Pod)
      • The Dematerialization of Money (@Croesus_BTC, Marty Bent / TFTC #382)
      • Finding Bitcoin’s Signal in a Noisy World (Jeff Booth, Preston Pysh / We Study Billionaires #BTC100)
      • Bitcoin: A Trojan Horse For Freedom (Alex Gladstein, Anita Posch / Anita Posch Show #109)
      • Big Bureaucrat Bashes Bitcoin (Matthew Kratter)
      • Bitcoin as the World Reserve Currency (Parker Lewis, Jack Spirko / Survival Podcast #3185)

4.10. “Bitcoin is Too Confusing, I Only Invest in Things I Understand”

“Sorry to be a wet blanket, but writing a description of Bitcoin for general audiences is bloody hard. There’s nothing to relate it to.”
—Satoshi Nakamoto

“There are cycles in Bitcoin where the price rises and new people come in—it can be hard for them to digest the breadth of things that have already happened…they have these ideas (which have already been discussed and discarded) and it makes it hard for them to be active contributors. It’s like walking into the middle of a movie that’s very complex.”
—Pete Rizzo

“The first step to understanding Bitcoin is to admit you do not understand Bitcoin.”
—Jameson Lopp

Stop Trying to Understand Bitcoin (Captain Sidd)

No One Understands Bitcoin, And That’s Okay (Mark Maraia)

Why You Can’t Understand Bitcoin (Beautyon)

“People don’t understand the ins and outs of their phone, but they still use it every day. Nobody really knows how email works, but they use it every day. People couldn’t tell you the internet runs on TCPIP, but they use it every day….”
—Craig Deutsch

“I still have conversations with people today who say, ‘I don’t like Bitcoin because I don’t understand how it works’, to which I respond, ‘do you understand how the dollar works?’, and of course, they do not.”
—Farida Nabourema

“I strongly believe that the technical details of how Bitcoin works will become less relevant over time, just like the intricate details of how the internet works are irrelevant for most people today. Yes, you will have to learn some technical details to truly understand why Bitcoin is resistant to seizure and censorship, just like you have to learn some technical details to understand why the internet can’t be easily shut down. However, you don’t need to have a complete understanding of all the parts that make your car or your smartphone work to enjoy the benefits of using them. The same is true for Bitcoin. As for most things, the basic idea of what you can do with it is more important than how it works in detail.”
—DerGigi

Why Bitcoin And The Early Internet Are So Similar (Anthony Pompliano)

Why Bitcoin is So Complicated (Tomer Strolight)

3 Things Most People Don’t Know About Gold, Bitcoin, And Money (Nick Giambruno / ZeroHedge)

The Words We Use In Bitcoin (DerGigi)

“If you’re in 1995 and didn’t understand how TCP/IP worked, or how the World Web was going to work, you were really missing out. Take the time.”
—Unknown

“It does not matter how complex bitcoin is. At the end of the day, bitcoin becomes an A/B test. The need for money is real and individuals will converge on the form of money that best fulfills the function of exchange. No other currency in the world can ever be more scarce than bitcoin, and scarcity will act like a gravitational force driving adoption and communication of value.”
—Parker Lewis

“Bitcoin seems complicated to many of us because we haven’t studied the mathematical discoveries it utilizes or how it puts them together to fulfill the requirements of a good money. However, our computers are also very complicated and few of us understand how they work. The same goes for even our automobiles, refrigerators, and the Internet we rely on. But we know those things work.”
—Tomer Strolight

“Bitcoin is paradoxical. It is simple yet complicated, ever-changing yet unchangeable. A novel machine without any novel parts; a technological innovation that isn’t really about technology. You can’t touch it, yet it is hard money. You can’t see it, yet it will show you a vision of the future. You can’t possess it, yet thousands of people seem to be possessed by it.”
—DerGigi

“Bitcoin is complicated, I get it.  Those of us who are fully immersed in Bitcoin do a poor job of explaining why Bitcoin is worthwhile — we too quickly get into the weeds and everyone gets lost.  That’s why Bitcoin is still a confounding mystery to you, and almost everyone.”
—@Croesus_BTC

Also see:

• • • • SECTION 4.9: How Could So Many Smart/Rich/Powerful People Be So Wrong About Bitcoin?
      • SECTION 5.12: Bitcoin + Fear / Confusion / Uncertainty
      • Bitcoin and the Technology Adoption Life Cycle – Where Are We Now? (@Croesus_BTC, John Vallis / Bitcoin Rapid Fire #55)

4.11. “Bitcoin is Unevenly Distributed to the Rich / Bad Gini Coefficient”

Gini Coefficient: A statistical measure of wealth inequality/dispersion within a system.

TLDR: Many Bitcoin skeptics claim that Bitcoin is bad because early adopters were able to buy a lot more of the supply than current adopters (due to price difference then vs. now)

Is Bitcoin’s Distribution Fair? (Arman the Parman)

• • • • Written version
      • Audio version (Delio Pera)

No, Bitcoin Ownership Is Not Highly Concentrated — But Whales Are Accumulating (Rafael Schultze-Kraft / Glassnode)

Bitcoin Wealth Is Becoming More Evenly Distributed Over Time (Michael Weymans)

Who Owns the Most Bitcoin? (River Financial)

Quantifying Decentralization (Balaji Srinivasan, Leland Lee)

Bitcoin’s Distribution Was Fair (Dan Held)

Is Bitcoin Fairly Distributed? (Bitcoin Policy Institute)

With proof of work, the distribution of #bitcoin continues to be fair and ethical. (Wicked Smart Bitcoin)

Jealousy and Fairness in Bitcoin Distribution (@Croesus_BTC)

Some people are afraid that bitcoin owners in the future will become a new elite that rules others. (Rune Østgård / Twitter)

Also see:

• • • • SECTION 3.2.1: Bitcoin’s “Immaculate Conception”

4.12. “Bitcoin is Too Slow”

“I think too many people in those early years interpreted “e-cash” to mean quick-and-easy payments for everyday goods using the base layer, when a better way to think of cash today is as a private censorship-resistant final settlement transaction method. Physical cash, after all, is not necessarily the easiest payment type, or a medium of exchange that we need to use for everything, but it’s the most private and the hardest to prevent from occurring.”
—Lyn Alden

“Bitcoin is not competing with Visa, it’s competing with the dollar, euro, yen, and gold as money. The proper comparison would be between Bitcoin and the Federal Reserve as currency issuer and as a clearing mechanism.”
—Parker Lewis

“Bitcoin is too important to follow the Silicon Valley mantra of move fast and break things. Instead, it’s move slowly and don’t break anything. If a global financial system is to be built on a decentralized monetary system, the foundation must be protected at all cost.”
—Parker Lewis

“It’s very common in the press to measure Bitcoin in terms of TPS (transactions per second) or transactions per day. But this neglects the essential point which is that Bitcoin transactions are extremely large from an economic perspective. [Bitcoin transactions] are container ships, not parcels.”
—Nic Carter

Bitcoin Container Ship Analogy (Vijay Boyapati)

Is Bitcoin Too Slow? (Arman the Parman)

• • • • Written version
      • Audio version (Delio Pera)

Bitcoin Is Not Too Slow (Parker Lewis)

Bitcoin Being Slow is a Good Thing (Mark Moss)

Is Bitcoin Too Slow To Become World Reserve Currency? (Matthew Kratter / Bitcoin University)

Satoshi’s Cup of Coffee (Matthew Kratter / Bitcoin University)

Speed Comparison: Wire Transfer vs. Bitcoin (Chad Elwartowski, Steven Nelkovski, Stephan Livera / Twitter)

Also see:

• • • • SECTION 4.13.1: Intro to The Lightning Network

4.13. “Bitcoin Can’t Scale”

“Bitcoin Can’t Scale—It Hardly Processes Any Transactions!” Response (Nikolai Explains)

Bitcoin Doesn’t Scale? (Arman the Parman)

• • • • Written version
      • Audio version (Delio Pera)

Critique Analysis: Bitcoin Can’t Scale (Case Bitcoin)

How Bitcoin Can Scale (River)

Bitcoin Is The Strongest Foundation (Alyse Killeen)

Economics of Bitcoin as a Settlement Network (Saifedean Ammous)

Scaling and “Satoshi’s Vision” (Andreas Antonopoulos)

What Bitcoin Is (Vijay Boyapati, Stephan Livera / Stephan Livera Pod #185)

Scaling the Digital Money Ecosystem (Till Musshoff)

How Can Bitcoin Scale? (Till Musshoff)

The Real Scaling Solution For Bitcoin (Knut Svanholm / Bitcoin Magazine)

A Mental Framework for Scaling (Guy Swann / Bitcoin Audible / Guy’s Take #45)

The Evolution of Money, Bitcoin’s Role as Money, and the Lightning Network (Vijay Boyapati / Kevin Rooke Show #72)

Also see:

• • • • Backed By Truth (Guy Swann / Bitcoin Audible / Guy’s Take #49)

4.13.1. Intro to The Lightning Network

Lightning Network: A “Layer 2” payment protocol which allows Bitcoin transactions between parties without base-layer settlement. It trades some decentralization/security for significantly faster transaction speed.

The Bitcoin Lightning Network’s Transaction Throughput is Lightning Fast (Samson Mow)

Bitcoin Lightning Network: Everything You Need to Know! (Till Musshoff)

The Lightning Network Made Easy (Matthew Kratter / Bitcoin University)

Lightning Network Primer (Mitch Klee)

The Lightning Network / Airport Analogy

• • • • Original Twitter Thread (Danny Scott)
      • Long-Form Written Adaptation (DarthCoin)

Lightning as a Retail Payment System (Andrew Begin)

Why Bitcoin’s Lightning Network is Incredible (Tomer Strolight)

Data Shows Bitcoin’s Lightning Network Has Solved the Scalability Problem (Stanislav Kozlovski)

A Look at the Lightning Network (Lyn Alden)

Riding the Lightning Network (Sam Callahan)

• • • • Written version
      • Audio version (Guy Swann / Bitcoin Audible [Read_624])

The Lightning Network is the Key to Hyperbitcoinization (Joe Brown / Heresy Financial)

Deep Dive on Lightning (Pablo Fernandez, Lyn Alden, Brady Swenson / Swan Signal Live #87)

Bringing Bitcoin to Billions with Lightning (Elizabeth Stark, Anita Posch / LaBitconf 2021)

Understanding the Lightning Network (Jamie Wiggins, Mary Imasuen / Nobcast #15)

Busting FUD About the Lightning Network (Max Hillebrand, Anita Posch / Anita Posch Show #23)

Time Value of the Lightning Network, Lightning Banks, and Taro (Joe Consorti / Kevin Rooke Show #64)

The Lightning Network Grew by 1212% in 2 Years (Sam Wouters / River)

“The free market finally provided the competition these incumbent banks so desperately needed. Bitcoin and the Lightning Network have arrived to show the world that we finally have the technology available to bring cheap global payments to everyone in the world.”
—Sam Callahan

“Lightning Network adoption is scaling Bitcoin around the world, and will be key to protecting our freedoms in the digital age.”
—Paolo Ardoino

Also see:

• • • • Misconceptions about Bitcoin (Lyn Alden)
      • Layered Money (Nik Bhatia, Saifedean Ammous / Bitcoin Standard Pod #86)
      • History of Money (Nik Bhatia, Yan Pritzker, Brady Swenson / Swan Signal Live #44)
      • The Evolution of Money, Bitcoin’s Role as Money, and the Lightning Network (Vijay Boyapati / Kevin Rooke Show #72)
      • Lightning and the Creator Economy (Des Dickerson, Colin Harper, Roy Sheinfield, Michael Tidwell, Anita Posch / Adopting Bitcoin Panel)
      • Building THNDR Games, Competitive Leagues, and Cross-App Identity on Nostr (Desiree Dickerson / Kevin Rooke Show #99)

4.14. “Bitcoin is Too Volatile”

“Bitcoin is on a journey to becoming the primary global store of value in the Information Age. Bootstrapping from zero, the notion that such a trajectory would occur in a straight line is delusional.”
—@anilsaidso

“Bitcoin is short-term volatility with long-term generational wealth. Fiat money is short-term volatility with long-term movement towards 0.”
—Saifedean Ammous

“Price is a liar.”
—John Burbank

Is Bitcoin Too Risky and Volatile? (Till Musshoff)

Risk & Volatility are Misunderstood (Till Musshoff)

“Bitcoin is Too Volatile!” (Arman the Parman)

• • • • Written version
      • Audio version (Delio Pera)

Bitcoin is less volatile than fiat currencies (Sven Henrich)

Bitcoin vs. Gold vs. Fiat Volatility (Saifedean Ammous / The Bitcoin Standard [pg. 215-216])

Bitcoin is Not Too Volatile (Parker Lewis)

“When it comes to volatility, people look at Bitcoin and say ‘oh it’s volatile, it’s a bubble, blah blah blah’…well, what if, bitcoin is not skyrocketing and crashing, but instead it’s the US Dollar that’s been volatile? It’s that mindset change that we don’t even think about because we’re so used to ‘US Dollar = value’. Well it’s not, and it never has been.”
—Luke Broyles

The Bullish Case For Bitcoin (Vijay Boyapati)

Critique Analysis: Bitcoin is Too Volatile (Case Bitcoin)

Why Bitcoin is the Path to Economic Stability (Tomer Strolight)

“Volatility is Vitality” (Michael Saylor, Daniela Cambone / Stansberry Research)

Bitcoin’s Volatility Is Vitality, Why Your Money Will Die With Gold (Michael Saylor, Daniela Cambone / Stansberry Research)

“When there is no more fiat, and the chaotic transition zone between fiat and Bitcoin has been abolished, then everything will be priced in Bitcoin, and there will be no volatility, because no one uses anything other than Bitcoin to buy or sell. If you know any chemistry, this will be like a reaction’s reagents reaching equilibrium; you can shake it and stir it all you like; the reaction is over, and you’re left with the inert product.”
—Beautyon

“Bitcoin isn’t volatile. The network is rock solid. Humans are volatile.”
—@MrHodl

Also see:

• • • • The Bullish Case For Bitcoin (Vijay Boyapati / SALT Talks #169)

4.15. “Bitcoin is Propped Up By Tether” / “If USDT Crashes, So Will Bitcoin”

Is Tether a Ticking Time Bomb for Bitcoin? (Heresy Financial)

Bitcoin Demand is Fake, Because Tether! – Myth Debunked (Arman the Parman

Will Tether Crash Bitcoin? (Matthew Kratter / Bitcoin University)

How Does Tether Make Money (And Will It Blow Up)? (Matthew Kratter / Bitcoin University)

Don’t Fear Tether (Dan Held)

On Tether FUD Concerns (Dan Held / Twitter Thread)

Addressing the Tether Fud (Preston Pysh)

Is Tether a Threat to Bitcoin? (Daniel Matuszewski)

4.16. “Miners Control Bitcoin / Will Leave Once All Bitcoin Are Mined” 

“A majority of hashing power cannot: (a) take coins you already possess away, (b) change the rules of Bitcoin, (c) hurt you without hurting themselves.”
—Jimmy Song

Bitcoin Miners Beware: Invalid Blocks Need Not Apply (StopAndDecrypt)

ASIC Monopoly Fallacy (Libbitcoin Developers / GitHub)

Mining Centralization Scenarios (Jimmy Song)

Bitcoin Mining Is Decentralizing — Here’s Proof (Lawrence Lewitinn)

Bitcoin Transaction Fees: The Future Economics of Bitcoin Settlement Finality (Joe Burnett, Pierre Rochard / Riot Blockchain)

Is Bitcoin Controlled by 2 Mining Pools? (Matthew Kratter / Bitcoin University)

Bitcoin is Decentralized (Matthew Kimmell)

Also see:

• • • • Busting FUD About the Lightning Network (Max Hillebrand, Anita Posch / Anita Posch Show #23)

4.17. “Quantum Computers Will Break Bitcoin”

Will Quantum Computing Destroy Bitcoin? (Matthew Kratter / Bitcoin University)

Debunking the Quantum Computing Concerns (Till Musshoff)

A Short Rant About Quantum Computing Breaking Bitcoin (Jimmy Song / Twitter Thread)

Is Quantum Computing a Threat to Bitcoin? (Jimmy Song)

Quantum Computers Do Not Pose an Existential Threat to Bitcoin (Michael Weymans)

Will Quantum Computing Be The End of Bitcoin? (Arman the Parman)

• • • • Written version
      • Audio version (Delio Pera)

Bitcoin & The Quantum Computing Risk (James Butterfill)

4.18. “Bitcoin Will Break if the Internet Goes Down”

“A bitcoin transaction can be transmitted over completely unsecured Wi-Fi. By smoke signal. With carrier pigeons. We’ve separated it from the transport medium, so it doesn’t depend on any underlying security.”
—Andreas Antonopolous

People in Africa are Embracing Bitcoin Without Internet Using Feature Phones (Bitcoin Magazine, @Machankura8333)

Bitcoin Revolution in Africa (Kgothatso Ngako, Dawdu M. Amantanah / Bitcoin Source Pod)

What Happens to Bitcoin if the Internet Goes Down? (Rigel Walshe)

What Happens to Bitcoin if the Internet Goes Down? (Saifedean Ammous / The Bitcoin Standard Passage)

“Somebody with a satellite dish, a generator, a solar panel and a Raspberry Pi could operate a whole business in the desert with no infrastructure.”
—Adam Back

“They say, ‘Well if they turn off the internet, your Bitcoin won’t work anymore.’ Well they have a 401K and a Lexus they’re financing, and they pay all their debt in fiat…so if they turn off the grid, they’re dead broke, and probably physically dead anyway.”
—Jack Spirko

Also see:

• • • • Taking Bitcoin to the Grassroots with Machankura (Kgothatso Ngako, Mary Imasuen / Nobcast #31)

4.19. “The Government Will Kill Bitcoin”

“Banning Bitcoin is not much different than trying to ban math.”
—Saifedean Ammous

“The Federal Reserve simply does not have the authority to supervise or regulate Bitcoin in any way.”
—Janet Yellen

“Bitcoin can never be globally confiscated. Yes, individual countries can attempt this, and over time some may try (just like gold was confiscated under the gold reserve act in the USA in 1934) however just like the internet can be censored in certain countries but not turned off, Bitcoin can be attempted to be confiscated in a country, but cannot be turned off. Just as no global ‘off switch’ exists for the internet, no such switch exists for Bitcoin.”
—Ross Stevens

Won’t Governments Just Ban Bitcoin? (Arman the Parman)

• • • • Written version
      • Audio version (Delio Pera)

Could The Government 51% Attack Bitcoin? (Andreas Antonopoulos, Dennis Parker / Twitter)

“Governments Will Ban Bitcoin!” Response (Nikolai Explains)

Why The Government Can’t Ban Bitcoin (Andrew Schulz, Akaash Singh, Anthony Pompliano)

One Does Not Simply Censor Bitcoin (Grubles)

• • • • Written version
      • Video version (Power Laws, Guy Swann)

Can the Government Shut Down Bitcoin? (Reed Wommack)

Can You Ban Bitcoin? (Bitcoin Magazine)

Bitcoin Cannot Be Banned (Parker Lewis)

Critique Analysis: The Government Will Shut Bitcoin Down (Case Bitcoin)

How Governments Could Kill Bitcoin (Saifedean Ammous / Stephan Livera Pod #69 nice)

Implications of Outlawing Bitcoin (DerGigi)

Implications of Outlawing Bitcoin — Further Discussion (Till Musshoff)

Why Governments Should Embrace Bitcoin (Till Musshoff)

Government Bans And Regulations On Bitcoin (Till Musshoff)

The security incentives of Bitcoin actually work. (Andreas Antonopoulos / Mark Harvey / Twitter)

Sanctions and Censorship-Resistance (Andreas Antonopoulos)

China’s History of Bitcoin Bans (Thomas M.)

Bitcoin is an Unstoppable Force (Guy Swann / Bit Block Boom)

Ask not how states will regulate Bitcoin. Ask how Bitcoin will regulate states. (Balaji Srinivasan / Twitter)

Will Governments Attack Bitcoin…Or Will They Buy A Ton Of It? (Michael Saylor / Saifedean Ammous)

Bitcoin Cannot Be Banned (Mark Moss)

Bitcoin Will Dissolve All Power Structures (Robert Breedlove, Brian Rose / London Real)

Nature Finds A Way with Bitcoin (Joe Carlasare / Blue Collar Bitcoin Pod #31)

Will Wall Street Ruin Bitcoin? (Ben Hunt, NLW, Alex Gladstein / The Breakdown Pod)

Ray Dalio’s Government Bitcoin Ban Fears Debunked (Preston Pysh, Andy Edstrom, Brady Swenson / Swan Signal Live)

“ThE gOvErNmEnT wILl BaN iT”: a handy guide (BTC Sessions / Twitter Thread)

Here’s Why Bitcoin is Immune to Government Bans (Holger von Krosigk / Dematerialize Blog)

Fear of the Fed: Is Bitcoin Threatened by Policy? (Joseph Wang, Lyn Alden, Brad Mills / Magic Internet Money)

Why A Government 51% Attack Won’t Work (Matthew Kratter / Bitcoin University)

“Bitcoin was built with one goal in mind: survive without state approval.”
—DerGigi

Also see:

• • • • Bitcoin and the Geopolitical Deathmatch (Max Keiser, Patrick Bet-David / Valuetainment)
      • Bitcoin’s ‘Black Swan’ Event That Would Wipe Crypto Out (Michelle Makori, Robert Breedlove / Kitco News)
      • Will Bitcoin Bring the End of the Nation-State? (Max Keiser, Stacy Herbert / Jay Martin Show)
      • Why Bitcoin Is Important (John Vallis, Robert Breedlove / Bitcoin Rapid Fire #20)
      • Bowls with Buds: Gigi (DerGigi / Bowl After Bowl #168)
      • Government, Bitcoin, and Economics (Jimmy Song / Tuscon Bitcoin Pod)
      • Bitcoin, The Most Important Innovation of Your Lifetime? (Paul Saladino, Saifedean Ammous / Fundamental Health #131)

4.20. OK smart guy, but what if there’s a TOTAL NUCLEAR WAR DOOMSDAY APOCALYPSE??

Bitcoin: A digital currency that would survive a nuclear war (Nick Szabo)

Bitcoin Worst Case Scenario: EMP Attack (Matthew Kratter / Bitcoin University)

Could An EMP Attack Destroy Bitcoin? (Matthew Kratter / Bitcoin University)

Could Bitcoin Survive A Nuclear War? (Matthew Kratter / Bitcoin University)

Can Bitcoin Survive Nuclear War? (Simply Bitcoin TV)

4.21. Is There Literally ANY Way To Stop Bitcoin?

“It can’t be changed. It can’t be argued with. It can’t be tampered with. It can’t be corrupted. It can’t be stopped. It can’t even be interrupted…If nuclear war destroyed half of our planet, it would continue to live, uncorrupted. It would continue to offer its services. It would continue to pay people to keep it alive…The only way to shut it down is to kill every server that hosts it. Which is hard, because a lot of servers host it, in a lot of countries, and a lot of people want to use it.”
—Ralph Merkle

“Bitcoin is not just difficult to kill, it actually strengthens with each attempt or unpredictable shock. Like muscle tissue that tears slightly during a workout, only to self-repair even stronger.”
—@anilsaidso

A Real-Life Bitcoin Spotted in the Wild (@Randallsanimals)

Good luck stopping Bitcoin (@ln_vpn, Preston Pysh)

Let the enemies of Bitcoin attack it.  It will only make the protocol stronger (Jimmy Song / Twitter)

Why You Can’t Kill Bitcoin (Matthew Kratter / Bitcoin University)

Bubble Boy and the Sewer Rat (Andreas Antonopoulos)

Bitcoin Obituaries — Every Time Bitcoin Has “Died” (99Bitcoins)

Every Reason Bitcoin Will Not Fail (Safe Hodl)

Why Nobody Can Stop Bitcoin (Tomer Strolight)

Why Everything That Should Hurt Bitcoin Only Makes It Stronger (Tomer Strolight)

Bitcoin is Antifragile (Parker Lewis)

Examining the Lindy Effect and Bitcoin (Don Stuart)

The Top 5 Times Bitcoin Was Supposed to Die (Dan McArdle, NLW / The Breakdown)

Antifragility: Bitcoin is a Muscle (@anilsaidso)

“When Bitcoin succeeded in its first ten years, it did so in the face of incredible censorship, incredible disbelief, incredible cynicism…and yet the power of the technology itself proved it’s worth no matter what people said.”
—Andreas M. Antonopoulos

“In the end, anyone who needs good money is drawn to bitcoin, and anyone who is drawn to bitcoin is drawn to defending bitcoin. The economic growth and the will to secure and defend bitcoin are intertwined.”
—Michael Gladstein

“Yes, I know the future is uncertain. Maybe God will come down with his quantum computer ray gun, and point it at the head of every miner and wreck them all…maybe that’ll happen, maybe a metorite will hit the earth, maybe every government on Earth will simultaneously declare Bitcoin is a death sentence. Maybe that will happen. I get it. But on the other hand, I also have to get up and walk through the street. You could fall down accidentally while crossing the street, and that might kill you too. That doesn’t keep me cowering in bed every morning. You have to take a risk. The issue is not ‘Is there a risk?’; the issue is ‘Is it less risky to do this than do nothing?'”
—Michael Saylor

Also see:

• • • • The Perfect Closed Monetary System (Luke Broyles, Jack Starling / Stillearly Pod #9)

5. What Does Bitcoin ACTUALLY Fix?

Sub-Table Of Contents

5.1. Bitcoin + Architecture
5.2. Bitcoin + Art / Culture
5.3. Bitcoin + Biology / Nature
5.4. Bitcoin + Business / Entrepreneurship
5.5. Bitcoin + Communication / Language / Censorship
5.6. Bitcoin + Community
5.7. Bitcoin + Death / Mortality
5.8. Bitcoin + Developing Nations
5.9. Bitcoin + Drugs / Psychedelics
5.10. Bitcoin + Education
5.11. Bitcoin + Energy
5.12. Bitcoin + Fear / Confusion / Uncertainty
5.13. Bitcoin + Food / Farming
5.14. Bitcoin + Games / Gaming
5.15. Bitcoin + Health
5.16. Bitcoin + History
5.17. Bitcoin + Hope / Optimism
5.18. Bitcoin + Human Rights / Activism / Government Fuckery of All Levels
5.19. Bitcoin + Inequality / Fairness
5.20. Bitcoin + Inflation
5.21. Bitcoin + Institutional / Corporate / Venture Capital
5.22. Bitcoin + Journalism
5.23. Bitcoin + Love / Relationships / Family
5.24. Bitcoin + Masculine / Feminine
5.25. Bitcoin + Math
5.26. Bitcoin + Media / Social Media / Content Creation
5.26.1. Intro to Value-4-Value
5.27. Bitcoin + Minority Empowerment
5.28. Bitcoin + Morality
5.29. Bitcoin + Philosophy
5.30. Bitcoin + Politics
5.31. Bitcoin + Privacy / Private Property
5.32. Bitcoin + Productivity
5.33. Bitcoin + Psychology
5.34. Bitcoin + Purpose / Meaning
5.35. Bitcoin + Real Estate
5.36. Bitcoin + Religion
5.37. Bitcoin + Responsibility
5.38. Bitcoin + Science / Chemistry / Physics / Engineering
5.39. Bitcoin + Self Sovereignty / Freedom
5.40. Bitcoin + Society
5.41. Bitcoin + Spirituality
5.42. Bitcoin + Sports
5.43. Bitcoin + Stress / Mental Illness / Short-Term-Thinking
5.44. Bitcoin + Technology / Innovation
5.45. Bitcoin + Time
5.46. Bitcoin + Traditional Finance / Stocks / Bonds / Banking
5.47. Bitcoin + Travel
5.48. Bitcoin + Trust
5.49. Bitcoin + Truth / Transparency / Clarity
5.50. Bitcoin + War / Violence / Conflict
5.51. Bitcoin + 🖕

5.1. Bitcoin + Architecture

“People in fiat society are unable to plan for the future. You can see this with architecture. When you travel pretty much anywhere in the world, all the nice buildings were the ones that were built in the 19th century [during the gold standard]. And then, the 20th century was the century of ugly industrial cookie cutter boxes, crammed cities of traffic jams and ugly highways…the city has been destroyed by central planning, high time preference, and the people’s inability to think about the long term.”
—Saifedean Ammous

“Why did we stop building beautiful neighborhoods?”
—Tim Harford

Sound Money Architecture vs. Fiat Architecture (Amjad Masad / Twitter)

This is what Fiat has done to architecture. Bitcoin fixes this (@BitcoinCitadel_)

China Demolishing Fiat-Enabled Ghost Cities (Ben Wehrman)

Fiat Doors (Michael Goldstein)

“Why can’t we build what they built? Because we don’t believe what they believed. It’s not an issue of technical ability.” (Alan Cornett, Jeremy Tate)

Owned is Beautiful (Zach Caceres)

Also see:

• • • • SECTION 5.2: Bitcoin + Art / Culture / Design
      • The 3 Levels of Understanding Bitcoin (Matthew Kratter / Bitcoin University)

5.2. Bitcoin + Art / Culture / Design

“In a decaying society, art, if it is truthful, must also reflect decay. And unless it wants to break faith with its social function, art must show the world as changeable, and help to change it.”
—Ernst Fischer

“When people have low time preference, they’re able to engage in long term projects. When people have a high time preference, they can only think in terms of immediate gratification. If you look at culture and art over different periods in history…people like Michelangelo and Leonardo da Vinci, and the masterpieces they used to create when gold was money…you don’t see things like that today. The major artists of the world today make a bunch of nonsense that requires the level of skill of a five year old, takes 15 minutes to finish, and gets sold for $50 million. I don’t think it’s a coincidence that errors of unsound money produced this degeneration of art.”
—Saifedean Ammous

“When observing art from the Renaissance or Baroque periods and comparing it to most of today’s art, I wonder what went wrong. How could such magnificent, masterful, time-consuming art — and also architecture — marked by love of detail, come to such inanimate, simple, quickly fabricated artworks and buildings? In my opinion, the answer lies largely in the bad, unsound, inflationary money that our civilization uses. Whereas centuries ago hard money enabled people to devote more of their life time to individual talents and interests because their money was sufficient to sustain them, the fiat money of our time increasingly ensures that more and more people are trapped on the hamster wheel and must sacrifice more of their free time. Less elaborate and lovingly produced works of art in a system characterized by inflation, speculation, profit, competitiveness and quickly emerges a clumsy red square, which is traded for millions.”
—Daniel AKA Bitcoin Apex

Music Video: “Separate” (@ReelRichard, Jack Mallers)

Sound Money & Art (Saifedean Ammous / The Bitcoin Standard pg. 98-99)

Bitcoin Brings A Renaissance Of Fine Art (Leon Siegmund, Daniel AKA Bitcoin Apex)

Bitcoin and the Commodity of Time (Mark Goodwin)

To Increase Artistic Flourishing, You Must Fix The Root Social Ailment [Fiat] (@0x49fa98)

The Dawn of the Bitcoin Art Renaissance (Dawdu M. Amantanah)

Bitcoin Artists Showcase Proof-of-Work Mindset (Ben Wehrman / Twitter Thread)

The Role of Art in the Bitcoin Renaissance (Craig Deutsch)

Music Video: “The Flood” (@ReelRichard, Tomer Strolight)

Sound Money and Sound Art — The Common Denominator is Integrity (Tomer Strolight)

How Fiat Debased Art (Jimmy Song)

Phish Lot, Rural America and the Lightning Revolution (Patrick McCaughey)

Music Video: “10,000 Bitcoin” (Laura Saggers, @ReelRichard)

Music Video: “E.T.F.” (Phil Gibson AKA Mr. Pseu)

The Sound Money Music Revolution (Phil Gibson, Cedric Youngelman / Bitcoin Matrix Pod #57)

Bitcoin Meme Masters (21ism Art Collective, John Vallis / Bitcoin Rapid Fire)

Fight Club: Hyperbitcoinzation Edition (@utxo_one)

9 Libertarian Movie Moments That Left Us Speechless (Learn Liberty)

Culture and Choice (Pleb Poet)

Bitcoin & Disrupting the Entertainment Industry (Mark Goodwin, Phil Gibson / A Boy Named Pseu Pod)

Why Memes Rule The World (Luke Burgis, Anthony Pompliano / Pomp Podcast #796)

Music Video: “Where is My Mind” (@ReelRichard, American HODL, John Vallis)

Music Video: “Fix The Money, Rebuild The World” (@ReelRichard, Guy Swann)

The Matrix and Bitcoin (@utxo_one / Twitter Thread)

Bitcoin is a Source of Creative Inspiration (@ReelRichard, John Vallis / Bitcoin Rapid Fire)

MEMES ARE THE MESSAGE (Simply Bitcoin)

Decoding the “Bitcoin Full Node Sculpture,” A Cypherpunk Chronometer (Fractal Encrypt)

Artistic Bitcoin Education (Fractal Encrypt, Jake Woodhouse / Bitcoin With Jake #44)

Taking Bitcoin to the Grassroots with Machankura (Kgothatso Ngako, Mary Imasuen / Nobcast #31)

There Will Only Be So Much Original Artwork (MADEX, @DefBed / Talking In Bits #91)

Creative Talk (Pleb Poet, ThrillerX_ / Thriller Bitcoin)

The Great Restoration – Can Bitcoin Fix the Art World? (Rebel Money, Dennis Koch, X Nardo)

“We’re in an information war. Tweets are the bullets and memes are our artillery.”
—Nico Moran

Awesome Bitcoin Art Accounts To Follow:

• • • • Adam Kadmon (Twitter, Website)
    • • The Art Banc (Twitter, Website)
    • • Bitcoin_apex (Twitter, Instagram, Website)
    • • BitcoinGraffiti (Twitter)
    • • Bitcoin Ultras (Twitter)
    • • Brekkie (Twitter, Instagram, Website)
    • • CA Dannerrrrr (Twitter, Website)
    • • CrayonSmell (Twitter)
    • • Cryptograffiti (Twitter, Instagram)
    • • Cypherpunk Now (Twitter, Instagram, Website)
    • • Geekboy (Twitter, Instagram)
    • • Hero of Bitcoin (Twitter)
    • • Jumos (Twitter, Instagram)
    • • Jure Kastelic (Twitter, Instagram, Website)
    • • JustLenasArt (Twitter, Instagram, Website)
    • • Lucho Poletti (Twitter, Instagram, Website)
    • • MADEX (Twitter, Instagram, Website)
    • • Marcus Connor (Twitter, Website)
    • • Marisa Jean (Twitter, Website, Instagram)
    • • MEAR ONE (Twitter, Instagram, Website)
    • • Pepenardo (Twitter)
    • • Petek (Twitter, Instagram, Website)
    • • Rare Scrilla (Twitter)
    • • Rebel Money (Twitter, Website)
    • • RARETOMMY (Twitter, Website)
    • • Satoshigallery (Twitter, Instagram, Website)
    • • Satoshi Opera (Twitter, Website)
    • • WorldOfRusty (Twitter, Website)
    • • 21ism (Twitter, Instagram, Website)

Also see:

• • • • SECTION 5.1: Bitcoin + Architecture
      • Bitcoin as a Form of Art (Phil Gibson, @BTCKaz / Down The Rabbit Hole #6)
      • Beautiful Bitcoin (Tomer Strolight)
        
        • Written version
        • Short film (+ @DirectorHodl, SpecialAF, @hurleyburt, @danweintraub, @Samakatharo, @pcederberg, @shykids)
      • A response to Peter Zeihan on Joe Rogan (@Croesus_BTC)
      • Bitcoin and Buddy Holly (Alan Montgomery)
      • Value-4-Value Music (Sam Means, Michael Rhee, Marty Bent / TFTC #393)
      • Ditching Spotify for ‘Streaming Sats’: The Future of Independent Music Publishing (Joe Martin, John Vallis / Bitcoin Rapid Fire)
      • The Renaissance 2.0 (Roger 9000, Nozomi Hayase / Bitcoin Is Love Pod #1)
      • Bitcoin’s Meme Wars (DerGigi)

5.3. Bitcoin + Biology / Nature

“Any civilizations that are not based on nature’s laws are insecure and become destructive in the end. The U.S. model of centralized governance was not secure because it didn’t lay its foundation on nature’s laws. As a result, it created a concentration of power in the hands of an elite few, turning the American republic into a global empire that emphasizes militarism…

…Bitcoin is nature’s revolt.”
—Nozomi Hayase

“Bitcoin is the first example of a new form of life. It lives and breathes on the internet. It lives because it can pay people to keep it alive. It lives because it performs a useful service that people will pay it to perform. It lives because anyone, anywhere, can run a copy of its code. It lives because all the running copies are constantly talking to each other.”
—Ralph Merkle

“Everything in the system is self-regulating and self-adjusting, and it’s decentralised and autonomous, and we can see these phenomena much better in nature than we can in human-made entities; Bitcoin is a lot more like an organism than it is like a company or like a government.”
—Tomer Strolight

Planting Bitcoin (Dan Held)

Bitcoin, Native Currency of the Internet, Restores the Law of Nature (Nozomi Hayase)

Bitcoin is The Mycelium of Money (Brandon Quittem)

Bitcoin Is A Pioneer Species (Brandon Quittem)

What On Earth Do Psychedelics Have To Do With Bitcoin? (Brandon Quittem, Pete Evans / Evolve Network)

The Bitcoin Constant (Alex McShane)

Bitcoin is Self-Preservation (Alex McShane)

“In difficult times, organisms find new symbiotic relationships in order to expand their reach. Crisis is the crucible of new relationships.”
—Merlin Sheldrake

“Bitcoin is the wolf, born in northern tundra, strengthening and migrating south as it looks for bigger prey. Fiat is the rabbit, breeding and nesting without predators, running out of grass. Altcoins are freaky lab-bred pokemon, injected w/ random DNA that can’t even walk.”
—Francis Pouliot

How Bitcoin is Like A Giant Cybernetic Meta-Brain (Tomer Strolight)

The Bitcoin Brain (Tomer Strolight, Peter McCormack / What Bitcoin Did)

Proof of Life (DerGigi)

Centralization in Markets & Nature (Per Bylund / Twitter)

Bitcoin & Biology (Brandon Quittem, DerGigi, Alex Svetski / Wake Up Pod #20)

Cosmic Bitcoin: The Living Organism (Brandon Quittem, CK Snarks / Bitcoin Magazine Pod)

Bitcoin’s Wild Side — Honeybadger Doesn’t Care (Meyrick Dabreo)

Bitcoin Mimics Nature (Brandon Quittem, Jake Woodhouse / Bitcoin With Jake #19)

“Bitcoin isn’t good at being a currency, a commodity or a FinTech company, Bitcoin is great at being Bitcoin. Like the platypus, Bitcoin is a category creator.”
—Spencer Bogart

Also see:

• • • • Bitcoin is a Pioneer Species (Brandon Quittem, Cedric Youngelman / Bitcoin Matrix Pod)
      • How Bitcoin’s Protocol of Peace Can End the Nuclear Age (Nozomi Hayase)
      • Bitcoin: The Future (Aleks Svetski, Pete Evans / Evolve Network)
      • Bitcoin as a Pioneer Species (Aleks Svetski, Brandon Quittem / Wake Up Pod #60)
      • Discussion on Bitcoin, Modern Society, and The Fourth Turning (Brandon Quittem, Robert Breedlove, Brady Swenson / Swan Signal Live #37)
      • Power Projection and Human Imagination (Jason Lowery, Robert Breedlove / What Is Money Show)
      • Proof of Stake (PoS) Versus Proof of Work (PoW) (Jason Lowery, Preston Pysh / We Study Billionaires #BTC098)
      • Beautiful Bitcoin (Tomer Strolight)
        
        • Written version
        • Short film (+ @DirectorHodl, SpecialAF, @hurleyburt, @danweintraub, @Samakatharo, @pcederberg, @shykids)
      • Why Bitcoin is the Greatest Meme of All Time (Ioni Appelberg, Knut Svanholm, Guy Swann)
      • Bitcoin is Psychedelic (Brandon Quittem, Lorenzo Hagerty / Psychedelic Salon Pod #654)

5.4. Bitcoin + Business / Entrepreneurship

“Innova­tion is the child of freedom and the parent of prosperity.”
—Matt Ridley

“Every step and every movement of the multitude, even in what are termed enlightened ages, are made with equal blindness to the future; and nations stumble upon establishments, which are indeed the result of human action, but not the execution of any human design.”
—Adam Ferguson

​”By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.”
—Paul Krugman

Bitcoin Fixes Business (Jeff Booth, Jimmy Song / Bitcoin Fixes This Pod #32)

Bitcoin and Small Business (Ali Hamam, Jimmy Song / Bitcoin Fixes This Pod #48)

The State’s Abuse of Business is Inherited by Consumers (Jimmy Song)

Shisha and Bitcoin with Pierre Poilievre (Ali Hamam / Tahini’s Mediterranean Cuisine)

Small Business Converts to Bitcoin Standard (Kevin McGarvey, Anthony Pompliano / Pomp Podcast #765)

Jordan Peterson Fireside Chat (Jordan Peterson, Tuur Demeester / Bitcoin 2022 Conference)

Fiat Ruins Startup Incentives (Jimmy Song)

Bitcoin Strategy for Businesses Series (Colin Crossman, Mark Maraia, Heidi Porter)

• • • • Part 1: Bitcoin and Businesses: What is Your Bitcoin Strategy?
      • Part 2: Bitcoin and the Smallest Businesses: Cantillon Effects and Why They Need Bitcoin
      • Part 3: Bitcoin for Small Businesses: Front Line Options

Tips for Building a Business on Bitcoin (Frankie Wallace)

Businesses Running On BTC (Ali [Tahini’s], Kevin [All Our Parking Lots] / Blue Collar Bitcoin #52)

Also see:

• • • • Wine-maker on a Bitcoin Standard (Ben Justman, John Vallis / Bitcoin Rapid Fire)

5.5. Bitcoin + Communication / Language / Censorship

“Without free speech no search for Truth is possible; without free speech no discovery of Truth is useful; without free speech progress is checked, and the nations no longer march forward towards the nobler life which the future holds for man. Better a thousandfold abuse of free speech than denial of free speech. The abuse dies in a day; the denial slays the life of the people and entombs the hope of the race.”
—Charles Bradlaugh

“Without an unfettered press, without liberty of speech, all the outward forms and structures of free institutions are a sham, a pretense—the sheerest mockery. If the press is not free; if speech is not independent and untrammeled; if the mind is shackled or made impotent through fear, it makes no difference under what form of government you live; you are a subject and not a citizen.”
—William E. Borah

“If freedom of speech is taken away, then dumb and silent we may be led, like sheep to the slaughter.”
—George Washington

“This is one of the crazy things about this concept because money and speech turned out to be the same thing — money, information and math — they’re the same thing. In a Bitcoin world, I can literally write down my Bitcoin address and keys on a piece of paper and put it in a safety deposit box. It’s basically in cold storage, I could even put it in my head. I can memorize the key phrases and I could cross national borders with $1 billion in my brain. It’s a very powerful but literally mind bending concept in that sense.”
—Naval Ravikant

“As the economic and political system further disintegrates, elites increase their control of public perception with the censorship imposed by Silicon Valley giant tech companies and their manipulation of algorithms. As the veil of deception thickens, a new force for truth has emerged on the internet. Bitcoin—revolutionary money—has arrived.”
—Nozomi Hayase

The Bitcoin Revolution (Jeffrey Tucker / Future Frontiers)

Law, Language, and Money (F.A. Hayek, DerGigi, RD BTC)

Inalienable Property Rights (DerGigi)

How Bitcoin Cripples Monopolies & Social Media Censorship (Aleks Svetski, Joe Brown / Heresy Financial)

Bitcoin Makes Free Speech Profitable (Aleks Svetski / Mark Moss Show)

Ye explains why we need Bitcoin (Kanye West, @CryptoTea_)

Law, Language, and Morality of Bitcoin (Till Musshoff)

Bitcoin is the Schelling Point of Money (Till Musshoff)

Financial Censorship: Deplatforming Individuals (Kudzai Kutukwa)

The Perils of a Narrow, Unexamined Perspective, and the Influence of Fiat (Tyler Lindsay, John Vallis / Bitcoin Rapid Fire)

Are the Masses Ready for Bitcoin? (Jack Sweeney)

Bitcoin is the only commodity immune to any kind of trade embargo (@anilsaidso / Twitter)

Bitcoin as Language of Money (Holger von Krosigk / Dematerialize Blog)

Bitcoin = Free Speech Repository? (Matthew Kratter / Bitcoin University)

If the language we use to communicate our values decays, so would the underlying values themselves (BTC Sessions / Twitter)

📚 Unapologetic Freedom (Justin Rezvani, Foreword by JP Sears) ➡️ Order on Amazon

“Once a society starts to go down the path of arbitrarily restricting the free flow of information and ideas, no matter how well intentioned the censors think they are, tyranny is not far off.”
—Kudzai Kutukwa

“Tolerance will reach such a level that intelligent people will be banned from thinking so as not to offend the imbeciles.”
—Fyodor Mikhailovich Dostoevsky

“If ideas can’t go to battle, people will.”
—Unknown

Also see:

• • • • Bitcoin is Global Money for an Interconnected World (Kane McGukin)
      • Bitcoin: Revolutionary Money in a Time of Universal Deceit (Nozomi Hayase)
      • Opposing the Corruptible Fiat System, Bitcoin Enforces Universal Human Rights (Anita Posch)
      • The Bitcoin Awakening (John Vallis, Peter McCormack / What Bitcoin Did #504)
      • Fuck You Money (Simply Bitcoin)
      • Taking Bitcoin to the Grassroots with Machankura (Kgothatso Ngako, Mary Imasuen / Nobcast #31)

5.6. Bitcoin + Community

“We were born to work together like feet, hands, and eyes, like the two rows of teeth, upper and lower. To obstruct each other is unnatural.”
—Marcus Aurelius

“When [fiat] is the world you live in, it’s hard to put other people’s interests first, because when you do, you fall behind. Everyone that relies on you falls behind, too, which makes it an even more difficult decision. Not so with sound money. Through deflation caused by technology, your stack continually grows in value, making it an easier decision to stop and help someone else.”
—Jonathan Leger

Why the Bitcoin Community is Growing So Fast and Getting So Large (Tomer Strolight)

The Bitcoin Community’s Scope is Unprecedented (Lyn Alden / Twitter Thread)

Bitcoin as Mutuality and Global Barter (Dan Weintraub)

Five Days in a Citadel (@DeFBed / Talking in Bits #81)

Bitcoin Meet-ups 👋 (Eric Podwojski)

Connecting Bitcoin Communities (Lukas Duczko, Mary Imasuen / Nobcast #14)

Bitcoin Block Munich (Mick Morucci, @BitcoinMunich / Geyser Pod)

“How I stand will not be shaped by who I stand against, but instead by what I stand for and who I stand with.”
—Pua Case

“Bitcoin embodies paradox. You become an individual with the power of self-sovereignty, yet in doing that, you join a network and become unified as a bitcoiner.”
—Roger 9000

Also see:

• • • • The Bitcoin Beach Story (Andrew Begin / Galoy)
      • Bitcoin Saved My Life (@my_livin_truth, John Vallis / Bitcoin Rapid Fire)
      • Bitcoin & Behavior: Transformations From The Rabbit Hole (@BangBitcoin, John Vallis / Bitcoin Rapid Fire Pod)
      • The Expansive Nature of Bitcoin (Troy Cross, Steve Sanduski / Digital Money Advisor)
      • Bitcoin and a New System For Change (Scott Wolfe, Mark Stephany / The Progressive Bitcoiner)
      • Wealth Inequality and Bitcoin (Guy Swann / Tuscon Bitcoin Pod)
      • A Chat with Robert Breedlove at Pacific Bitcoin (Robert Breedlove, Brandon Quittem / Pacific Bitcoin 2022)
      • Discovering Bitcoin with Michael Dunworth (Michael Dunworth / Discovering Bitcoin #6)
      • Bridging Beef & Bitcoin with Community (Kit_Sats, Jason Wrich, Texas Slim / Texas Slim’s Vision)

5.7. Bitcoin + Death / Mortality

Our Relationship with Mortality (Erin Crawford, John Vallis / Bitcoin Rapid Fire)

Top 5 Regrets of the Dying – How Bitcoin Helps (Erin Crawford / Death and Bitcoin Pod)

How a Bitcoin Future Impacts Humanity (@DecrimNat, Erin Crawford / Death and Bitcoin Pod)

Embracing Mortality and Empowering Life Through Bitcoin: A Death Doula’s Journey (Erin Crawford, Garrett Hayes / The Plunge Pod)

The Most Harrowing Interview I Have Ever Conducted (@Nackoo2000, Daniel Prince / Once Bitten Pod #327)

Also see:

• • • • Philosophy and Mining (Hodl Tarantula, @DeFBed / Talking in Bits #67)

5.8. Bitcoin + Developing Nations

“The properties I like about bitcoin are that it’s censorship resistant, permissionless, and you don’t need to establish a bank account to use it. That’s great for people in emerging markets that can’t participate in expensive things.”
—Adam Back

“Global remittances are one of the most vital sources of income for the emerging markets, but few money transfer companies exist that comply with local regulations. This forces people into using companies that charge higher fees and puts less money into the pockets of the people who need it most. Bitcoin fixes this, providing a better alternative to the way people send money with lower fees, faster speed and access for the unbanked.”
—Ray Youssef

Africa + Bitcoin = The Future (@MemeingBitcoin)

The Path to a Bitcoin Standard in Africa (Charlene Fadirepo)

A Conversation with Farida Nabourema (Charlene Fadirepo, Farida Nabourema / Bitcoin In Africa Show)

The Bitcoin Revolution in Africa: Explained (Power Laws)

The use case for Bitcoin in Africa is human rights (Daniel Batten / Twitter)

Why Bitcoin Is Hope For Africa (Ray Youssef / Bitcoin Magazine Pod)

Buying Coca Cola with Bitcoin in Africa (Bitcoin Ekasi, Bitcoin News / Twitter)

Africa and Bitcoin (Ray Youssef, Jimmy Song / Bitcoin Fixes This Pod #18)

Advocating for Human Rights Through Bitcoin (@KevinBasham, @bdrsquared, Anita Posch / Cryptopulse #E52S2)

Bitcoin in Africa and Doing More than Hodling (Anita Posch, Mark Stephany / The Progressive Bitcoiner)

Bitcoin In Africa Keynote (Fode Diop / Bitcoin 2022 Conference)

How Bitcoin Is Shaping Africa (Abubakar Nur Khalil, Anthony Pompliano / Pomp Podcast #936)

“There’s 600 million people in Africa that don’t have access to electricity. That’s a lot. That’s two-thirds of the world’s total that don’t have access to electricity that’s here. And so what we all should be trying to do is focus on how we can help electricity proliferate across this continent. Bitcoin mining just happens to be the missing link.”
—Erik Hersman

Can Bitcoin Mining Electrify Africa? (Kudzai Kutukwa)

We Don’t Need Banks Anymore (Jack Dorsey, Alex Gladstein / Bitcoin 2021 Conference)

Bitcoin: Opening the Door to Financial Inclusion (Ray Youssef)

Nigerians Are Fighting for Their Own Money and Bitcoin Can Help (Ray Youssef)

All-In on the Mission to Bring More Freedom to Africa (Bernard Parah, John Vallis / Closing The Loop #23)

Remittance Disruption, Nigerian Inflation, and Bitcoin In Africa (Oluwasegun Kosemani, Jake Woodhouse / Bitcoin With Jake #50)

Is Bitcoin The Answer For Devaluation and Corruption in Africa? (Noelyne Sumba, Nik Bhatia / The Bitcoin Layer)

The Path to a Bitcoin Standard in Africa (Charlene Fadirepo)

“The promise and potential of a Bitcoin Standard in Africa becomes more realistic each year that African communities suffer from the economic woes of excessive currency devaluation and hyperinflation set in place by authoritarian governmental regimes. Countless other decentralized finance, bitcoin-backed, or native blockchain liquidity token solutions pretend to solve Africa’s problems but only recreate existing centralized systems where wealth remains under the control of the most powerful.”
—Charlene Fadirepo

Bitcoin as a Source of Truth in Venezuela (Eduardo Gomez / Stephan Livera Pod #143)

How Bitcoin Makes a Fairer World (Wences Casares, Laura Shin / Unchained Pod #40)

Inside Cuba’s Bitcoin Revolution (Alex Gladstein)

Bitcoin Adoption in Lebanon (@Sooly_Kobayashi / Muslim Bitcoiner Pod #5)

Bitcoin in the Developing World (Matt Ahlborg / Stephan Livera Pod #175)

The Humanitarian and Environmental Case For Bitcoin (Alex Gladstein)

Bitcoin’s International Impact (Alex Gladstein, Preston Pysh / We Study Billionaires #23)

Introducing Bitcoin to Zimbabwe (Trevor Ncube, Anita Posch / In Conversation With Trevor)

The Bitcoin Standard from the Zimbabwean Perspective (@alesander97, Mary Imasuen / Nobcast #16)

Also see:

• • • • SECTION 5.18: Bitcoin + Human Rights / Activism / Government Fuckery of All Levels
      • SECTION 7.3.1: Bitcoin Early Adoption: Previewing the Future
      • Bitcoin Is Truth (Austin Hill, Jeff Booth / What Bitcoin Did #500)
      • Discovering the Value of Freedom (Magatte Wade, Robert Breedlove / What Is Money Show #218)
      • Short Film: “Bitcoin Will Change the Global Economy” (Pierre Corbin / The Great Reset Films)
      • Bitcoin is a Currency of Love that Inspires Action for Peace (Nozomi Hayase)
      • Taking Bitcoin to the Grassroots with Machankura (Kgothatso Ngako, Mary Imasuen / Nobcast #31)

5.9. Bitcoin + Drugs / Psychedelics

“Do you have the right to modify your own mind? Do you have the right to modify your own computer? What are your rights, and what is your own? What are the limits of society, and what are the limits of the individual?”
—Kevin Paul Herbert

“Bitcoin and psychedelics are simultaneously the most powerful, yet least understood technologies on the planet.”
—Fractal Encrypt

“Coming to a deep understanding of bitcoin is very much like a deep psychedelic trip. Because everything seems to transform around this ideal in a way that’s very unexpected and quite radical because now you are seeing things in a way that is quite different from the way you originally thought you were seeing them”
—Erik Cason

Bitcoin and Psychedelics (Brandon Quittem, John Vallis / Bitcoin Rapid Fire)

‘Treating’ Depression with Psychedelics and Bitcoin (Ricardo Negri, John Vallis / Bitcoin Rapid Fire)

Decriminalization and the Parallels Between Bitcoin & Psychedelics (@DecrimNat, John Vallis / Bitcoin Rapid Fire)

Bitcoin and Psychedelics (Fractal Encrypt)

Psychedelic Sovereignty (Fractal Encrypt, @DeFBed / Talking in Bits #77)

Bitcoin is Psychedelic (Brandon Quittem, Lorenzo Hagerty / Psychedelic Salon Pod #654)

Also see:

• • • • The Bitcoin Awakening (John Vallis, Peter McCormack / What Bitcoin Did #504)
      • Philosophy and Mining (Hodl Tarantula, @DeFBed / Talking in Bits #67)
      • How a Bitcoin Future Impacts Humanity (@DecrimNat, Erin Crawford / Death and Bitcoin Pod)
      • Artistic Bitcoin Education (Fractal Encrypt, Jake Woodhouse / Bitcoin With Jake #44)
      • Bitcoin and Religion (John Vallis, CK Snarks, Spencer Nichols / Bitcoin Magazine Pod)
      • Running for Governor, The Pursuit of Mental Clarity, & Psilocybin for Veterans (Shane Hazel, John Vallis / Bitcoin Rapid Fire)

5.10. Bitcoin + Education

Music Video: “Another Brick In The Wall” (Pink Floyd)

“I don’t want a nation of thinkers, I want a nation of workers.”
—John D. Rockefeller, founder of the General Education Board

“Knowledge makes a man unfit to be a slave.”
—Fredrick Douglass

“This is the way a student goes through college nowadays. In literature, economics, philosophy, sociology, and other subjects, the student is continually subjected to data and interpretations that converge on a single point: the viciousness of private enterprise, and the virtuousness of state intervention.”
—Ralph Rico

“Universities benefit from the fiat system’s easy money policies through government grants and tuition money (taking out debt favored in inflationary environments like the fiat system). The economists and papers academia produces are thus biased in support of inflationary fiat systems. It’s no wonder why so many academics vociferously oppose Bitcoin and advocate central planners having control over the global monetary system.”
—Hannah Wolfman-Jones

“I have never let my schooling interfere with my education.”
—Mark Twain

“Can you remember who you were, before the world told you who you should be?”
—Charles Bukowski