The money is an expensive social network operated by governments as an unnamed public utility handicapped by all problems associated with the fiat system. Its protocol is controlled by politicians and bureaucrats. #Bitcoin is a non-government social network for transmitting value that doesn’t require licenses and franchises to operate. Coders act as legislators and stewards of the protocol. Cheaper, faster network wins.

A global public system of private rights without intermediaries alters the very nature of rights, collapses that artificial distinction, and creates something new. Stay curious; learn #Bitcoin

Neo: i can’t go back, can i? Morpheus: no. but if you could, would you really want to? these guys were talking about #Bitcoin in 1999.

Fiat money is artificial money meant to empower nation-states. #Bitcoin is artificial money meant to empower individuals.

The nodes of the fiat system are banks. Failing banks = failing nodes. Like patients losing blood, they only survive w/ injections of liquidity, their blood. These are costly = money printing, debasement, inflation. Compare w another system’s nodes. Stay curious; learn #Bitcoin

People experience inflation w/out understanding it. Their pain is internalized w/out articulation bec they don’t know what causes it & why it wreaks havoc on families & societies. Institutions currently offer no help to those seeking explanation. Stay curious; learn #Bitcoin

humans convert energy from environment; energy = capacity 4 work; work > goods/services; work for self becomes labor in an economy. fairnesses requires labor to be paid in money that can’t be debased; honest money requires energy. Happy Labor Day! Stay humble; learn #Bitcoin

The Westphalian System created an order of rights w/ intermediaries at both nat’l & int’l level. Every violation of right requires a trusted third party—police, local court, int’l courts—for relief & vindication. #Bitcoin  creates a global registry of rights w/ no intermediaries.

KOHI Coffee. A quaint coffee shop along Silliman Avenue now accepts #bitcoin. The members of the Bitcoin Society of the Philippines dropped by to show support and bought coffee with bitcoin. You won’t hear it, but yes, that’s the sound of inevitability. That’s the monetary network of the 21st century being adopted in Silliman University.

One can summarize human history as the movement of information dispersed over two social networks: money and language. Stay humble, learn #Bitcoin