Bitcoin is about to experience a civil war 2.0.
The core developers seem to be acting in suspicious and unreasonable ways.
Bitcoin Knots has grown usage by 700%+ this year.
Bitcoin v0.30 is introducing a concerning change regarding the OP_RETURN filter.
Vote. Run a node.
Bitcoinβs killer use case will be global payments.
In a digital world, talent will be outsourced to its cheapest location.
But with traditional payment rails, these workers will get taxed ~50% right out the gate!
Not to mention income tax 20-40% later.
Death, taxes and tax avoidance will always live on.
The system will collapse. Most people refuse to believe this possibility. Especially the older generations that have heard these warnings time and time again over many decades or the better part of a century.
Can't blame them too much - but one has to remember that a broken clock is right twice in a day. Itβs coming, although nobody can predict when.
Society changes when money dies. Take for example the Roman Empire which went fiat by way of diluting the denarius of its silver content
> From a purity of greater than 90% silver in the 1st century AD, the denarius fell to under 60% purity by AD 200, and plummeted to 5% purity by AD 300 (Wikipedia)
People became more degenerate whether by social engineering or just declining societal morals and ethics.
People in occupations that were deemed beneath them also became celebrities in a way. Gladiators, actors, entertainers, chefs and so on went from being looked down on to becoming celebrities. Ring a bell today?
Time will ultimately show us. Better be stacking sats in the meantime.
The question of which money humans will choose, therefore, boils down to which good, or goods, any individual believes will best store the sum total of their lifetime of daily labor (i.e., their life force).
Because the most important trades we make are the ones we make with our future selves, humanityβs Darwinian propulsion towards holding the soundest money possible is based on our intuitive understanding that the longer our choice of money can hold its value, the greater the potential compounding benefits of our life-to-date-production.
Our timeless search for ever-sounder money is an individual, intuition-based optimization β as unstoppable as evolution β because we instinctively know that our survival is at stake.
Will our life force be durably storable in a particularly wellchosen money, and therefore potentially accumulate, enhancing our potential longevity? Or will it dissipate, no matter how hard we work, because we chose the wrong storage vessel, threatening our very lives and those of our progeny?
- an excerpt from the 2-minute version of Stone Ridge 2020 Shareholder Letter
Bitcoin Education is profoundly important.
As most who have dived in the rabbit hole know, there are an immense amount of concepts, sciences and history to learn.
But without said knowledge, conviction about Bitcoin cannot be reliably built. The only way we reach a world-wide Bitcoin standard is when a majority of the world learns and appreciates its benefits.
We try to help as much as we can by summarizing and hopefully making it more accessible to a greater number of people.
Bitcoin teaches you:
- Game Theory β
- First Principles β
- Economics β
- Simplicity β
- Self Reliance and Independence β
- Network Effects β
- Human Psyche β
- Monetary Systems β
- Capital Markets β
Opt out of fiat education and teach your kids Bitcoin! Hopefully our project helps.