Bitcoin’s emergence will actually lead to the dissolution of the nation-state as the dominant organizational model for human beings
Bitcoin is an immune response from the collective economy to this entire system we've built of unintended consequences.
Bitcoin is an innovation as significant as the Gutenberg printing press and equally as disruptive to the world’s institutions.
Bitcoin is the first fixed supply money there has ever been and i don't think you can recreate.
Bitcoin is the first permanent implementation of this principle we've been refining throughout human history of inviolable property it actually cannot be violated in any way no one can produce more than 21 million bitcoin.
Bitcoin is the first property right independent of the monopoly on violence or independent of uh physical protection production it's an informational property right it's just an alphanumeric string you can store it in any information bearing medium bitcoin mining is effectively displacing the protection that government was historically necessary to provide in bitcoin.
Bitcoin is the highest implementation of human self-ownership we've ever had right in the past it's been scribbles on the american constitution or the magna carta.
Bitcoin is the invention of inviolable property, a principle grabbed out of the space of ideas and anchored into reality via the thermodynamic competition of bitcoin mining.
Bitcoin is the most certain form of money we've ever had and if money is an insurance policy for dealing with uncertainty you would want maximal credibility in the properties of money to deal with that uncertainty and that is bitcoin.
A Central bank is antithetical to property rights. it arbitrarily violates the property rights of some to enhance the property rights of others.
Central banking is an institution that arose naturally to augment the technological limitations of gold.
Fiat currency is always bound to converge to zero (i.e. hyperinflation) because it’s very cheap and tempting to increase the money supply
Gold is lacking in portability and involves counterpart risk; that is, some private interest must warehouse gold, be trusted with its protection and with issuing paper that correctly reflects its quantity.
Government is power-hungry — there's nothing more permanent than a temporary government solution.
