Continuing the excellent series of Discovering Bitcoin, moving into the digital age, we have lost the most fundamental element of our money, it’s “hardness.” By what means can we get it back? Can we make

“While it was pretty difficult for him to take over the very decentralized process of people exchanging gold nuggets, there are now a few big, public, trusted, vulnerable entities he can easily seize control of.”

“The Jevons paradox is a staple of environmental economics used to describe how the introduction of more efficient technologies tends to increase the consumption of resources rather than decrease it.” – Alex B.

Will Lightning

“The goods that fare better in hardness, scaleness and darkness will compete, and the first one to reach a critical mass will start swallowing the others, as far as monetary uses are concerned.” – Giacomo

“By buying Bitcoin, you are not making a mistake. But if you buy Bitcoin and stop there after your first purchase, you’re making a mistake.” – Sylvain Saurel

A great introduction into Bitcoin by Sylvain

“it clearly involves moral, political and ethical aspects, like the importance of privacy as a human right. I will use the term “darkness” to address this attribute.” – Giacomo Zucco

Continuing the series from Giacomo

“If a few percentage points of a portfolio are allocated to it, there is a limited risk of loss… On the other hand, it’s not out of the question for Bitcoin to triple, quadruple, or

“In order to be useful for this kind of process, a good must possess a good “hardness”: Any unit of said good should not significantly lose its ability to provide utility if stored over some

“Privacy is at the root of Lightning which is a requirement for a retail payment network to succeed. It builds on Bitcoin which does not optimize for privacy⁵ but transparency and robustness.” – Nicolas Burtey

“This risk is probably best countered by offering enough time to upgrade. Unfortunately, not everyone agrees on how much time is enough; some think forced signaling could start within a year, others believe it should

“Trusted third parties are security holes” isn’t just a slogan; it’s a concept that millions of people will have intuitively grasped for the first time yesterday.” – Nic Carter

I’m sure you’ve heard about the

“Bitcoin’s capped supply is one of its most well-known features, and it is regularly cited as a hedge against inflation caused by government money printing.
Most people don’t know that Bitcoin has another attribute

“This rationale also completely demolishes the “blockchain not Bitcoin” mantra as the Schelling point is purely based on bitcoin the money, not blockchain the technology.” – Willem Van Den Bergh

Why do communication protocols tend

“Rearden heard Bertram Scudder, outside the group, say to a girl who made some sound of indignation, “Don’t let him disturb you. You know, money is the root of all evil – and he’s the

“When we stop conceiving of central banking as an economics story, and start to see it as a crime story, we are beginning to get the true picture.” – Robert Breedlove
The epic conclusion

“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.” – Robert Breedlove
Breedlove brings us

“The system is rigged.” – Jimmy Song

How does out monetary system work and what does it even mean for the government and central bank to have printed trillions of dollars to hand out to

“Mempools are the centerpiece of the entire Bitcoin economy. And they are totally underrated.” – Zane Pocock

Today we dig into a unique mental framework of the Bitcoin mempool and how to understand its significance