Humans function through their network. Our unique ability to abstract, tell stories, and orient ourselves around the stories allow us to function like a single organism. That is what the world economy is. We communicate with words and prices to shift allocation of resources to the highest and best use - at least in a purely free market. In that context, the railroads and resulting interconnection - the ability to move things around were key to economic development. -- an excerpt from the Saylor Series Episode 2 - the Rise of Man through the Dark and Steel Ages, its 2-minute version can be found here

2 minute bitcoin

The Saylor Series Episode 2 - The Rise of Man through the Dark and Steel Ages (Robert Breedlove's What Is Money Show) — 2 minute bitcoin

The Saylor Series Episode 2 condensed from 13,546 words into just 476. This 2-minute bitcoin read follows Michael Saylor

BITCOIN HAS NO PRICE CAP We say it all the time, but it's literally true. Learn why 👇 Most simply said - money becomes more useful and more valuable the more people use it. i.e. its value AND utility BOTH rise as people start using it. Money is a different type of asset. 🦊 It doesn't have an "underlying value" like a cash flow of a business. Conventional investing call this an "unproductive" asset but that's a derogatory term for no reason. The underlying value of money is how widely accepted it is. That's a fundamental network effect. The main thing that drives people to adopt it in the first place is its underlying properties - which we know #Bitcoin  excels at. 1. more adoption 2. more useful 3. more valuable (price up) The rational response of everyone else is to try to get more themselves, resulting in a positive upward spiral -> 2) and 3) make people want to do 1) more, which makes 2) and 3) go up! This incentive is the polar opposite of conventional investing. If a stock gets too expensive, its value decreases because an investor buys a smaller share of the company's revenue for more dollars. Contrastly, $100 of Bitcoin today is MUCH MORE VALUABLE than $100 of Bitcoin years ago because it is spendable at more places. This makes it both more useful (utility) and safer (downside risk), which unblock further adoption. What we described here is a unique positive feedback between price and value. This feedback loop makes the growth of Bitcoin self-sustaining. There is no top until EVERYBODY adopts it.