“This capability ensures that participants can trust the system’s integrity without the need for mutual trust among users. It fundamentally alters how trust is brokered globally, extending the reach of reliable transactions beyond traditional, geographic,

“It is like exercising a veto you hold for anything and everything, and yes, vetoes are important in consensus systems. But disrupting conversation is not the veto, the actions of actual transacting economic actors deciding

“The U.S. Government spends in a budgetary deficit, then issues treasuries to pay for the spending, then, at a bigger rate than anybody else, buys the treasuries to cover the loss. An unbelievable Ponzi scheme.

“This is a fancy way of saying that you need money to make markets, and you need decentralized, open, digital money to make decentralized, open, digital markets. Furthermore, higher layers require lower layers to exist,

“I think Americans are used to seeing people arrested for bullshit technicalities and thrown in jail for long periods of time. But in the rest of the world, it is quite uncommon. For a non-US

“The internet assumed NOTHING and it won because it had the basic, robust, open building blocks upon which all the innovation actually occurred. The same thing has happened with Bitcoin over the last 15 years

“As we discussed in Entering the Bitcoin Renaissance, our last edition, Lightning Labs CEO and Co-Founder Elizabeth Stark told The Block, “a major narrative of the next cycle will be the bitcoin renaissance, and it

“I’m a Bitcoin skeptic. I’m not buying Bitcoin in 2024, even if it goes back to its recent all-time highs, or higher. Here’s why.”
~ Ben Gran

Ben breaks down his view of Bitcoin

“If you care about your…country, read Ludwig von Mises and the six lessons of the Austrian economic school.”
~ Renato Moicano

With a surge in interest thanks the UFC fighter Renato Moicano, Mises’s Six

“That dogma was necessary — without it the people who have built this ecosystem into what it is today wouldn’t have had the motivation to do so. Without that dogma, those people would not have

“On the face of it, Bitcoin’s existence seems to violate Mises’s theorem, unless a preceding non-monetary use can be demonstrated. That is, Bitcoin would have to be first valued for its direct utility before it

“We know the law is unconstitutional.
FinCEN knows the law is unconstitutional.
FinCEN knows we know the law is unconstitutional.
And yet we’re supposed to pretend like nothing happened and comply with

“You have to decide how to move forward. You have to decide what game you want to play; how much responsibility you are willing to shoulder. Do you want to stay stuck in the machine?

“The mechanisms enforcing this modern censorship are not confined to private sectors or individual platforms but are significantly directed and influenced by the U.S. government itself. This intertwining of state powers with censorship activities marks

“In a system that depends on irresponsible government spending (especially for perpetual war) and fiat printing to cover that irresponsibility, alarm bells cannot be allowed to work. There must be no pure price signals.

“Bitcoin will probably crash again but it is neither a Ponzi scheme nor a bubble – it’s something far worse: It is an inherently secure, tightly-controlled asset with a regulated supply, and is therefore a