Preparing for the Second Part of Dhruv’s incredible series, today we have a reboot of Part 1!
Equal parts entertaining & intellectually intriguing, we start with Part 1 of Dhruv Bansal‘s wonderful piece, Bitcoin Astronomy ! The interplanetary center of hash, the Law of Hash Horizons, the Muskcoin Revolution, retaliation of the Bitcoin Empire, and the total economic devastation of the Hash Bomb! How could you not want to know more?
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“People aren’t trading bitcoin, they’re accumulating more and more of it over time and holding it long term (aka, “stacking sats“ ). This is evident not only through the raw on-chain data and exchange flows, but also through consumer behavior.” – Abhay Aluri
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“Because of Nakamoto’s deliberate actions and Bitcoin’s permissionless, free & open-source nature, bitcoin is the first truly neutral money. Bitcoin eliminates the inherent unfairness that comes with all previous monies as well as any need to trust a third party in order to use Bitcoin.” – CK & Deniz Saat
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“What would it seem like if it did seem like a global, digital, sound, open source, programmable money was monetizing from absolute zero?” – Allenf32
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“In a world in which governments and companies continually encroach on personal liberties via surveillance and outright control, Bitcoin shines like a beacon of freedom.” – Andy Edstrom & Peter McCormack
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“Fiat money is a positivist money, a tool of governments pursuing a utopian vision. Bitcoin is a Natural Law money, a tool to protect individual liberty. Bitcoin is therefore the more moral money.” – Jimmy Song
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“As books became more accessible and affordable, individuals were now personally consuming, reflecting upon and critiquing written texts. It was an idea meritocracy. No longer was “truth” conferred solely by the ordained to the illiterate masses inside of churches.” – Anil
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“Hard times make strong men, strong men create good times, good times create weak men, and weak men create hard times.” – Giacomo Zucco
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“Perhaps just in time, each U.S. citizen now has a choice. You can stay on the Fiat Standard, in which some people get to produce unlimited new units of money for free, just not you. Or opt in to the Bitcoin Standard, in which no one gets to do that, including you. With the option, now, of a monetary system governed by rules instead of rulers, on behalf of myself, my family, and the firms I’m responsible for leading, I’ve made my choice.” – Ross L. Stevens
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