2 minute summaries of popular and important Bitcoin pieces.
Public Key
npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v Profile Code
nprofile1qqsqagk6kvmxwq0j304ss6ku3pym9rry5fgyszy056ew2czwlumf6ugpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsn3ffz2
Show more details
Published at
2023-02-22T15:37:42Z Event JSON
{
"id": "5473cd6a1a884fa2cac88d6ce1a40f7f42e82859e225adb31fbe301910766a5e" ,
"pubkey": "0ea2dab3366701f28beb086adc8849b28c64a25048088fa6b2e5604eff369d71" ,
"created_at": 1677080262 ,
"kind": 0 ,
"tags": [],
"content": "{\"banner\":\"https://i.ibb.co/sH2rXZ1/bitcoin-money.gif\",\"website\":\"https://2minutebitcoin.org\",\"nip05\":\"[email protected] \",\"picture\":\"https://pbs.twimg.com/profile_images/1612547227527815178/g4NrA0vY_400x400.jpg\",\"lud16\":\"[email protected] \",\"display_name\":\"2minutebitcoin\",\"about\":\"2 minute summaries of popular and important Bitcoin pieces.\\n\\nLearn something yourself, review an old-but-gold article or send to a friend who doesn’t have time. All in 2 minutes.\",\"name\":\"2minutebitcoin\"}" ,
"sig": "1c1b7819117cacd89d5eee46c7fbace8659d44439cd8556d3f42ec124d8f94bc488b498c3944df6477c8baf5d8f315e620f5eec189a5a41b3bf10862fcad38bc"
}
Last Notes npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin 6 months later, what do people think about this? npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin The OP_RETURN drama in 2 minutes: npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin gm. how do you weigh in on the op_filter debate? seems existential npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Bitcoin is about to experience a civil war 2.0. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Spain’s Tax Office accused of coercion, harassment, and privacy rights violations npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin 🏆 npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin do you want to talk through the different Ms? (M0, M1) npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Who do you think creates and allocates ***the majority*** of money supply? npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin gm pv. anyone out here? npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Bitcoin’s killer use case will be global payments. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin the gov won't torture you, and at least you have some control in what gets extorted away. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin had to login just to type LOL at this npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin had to login just to type LOL at this npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin The system will collapse. Most people refuse to believe this possibility. Especially the older generations that have heard these warnings time and time again over many decades or the better part of a century. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Bitcoin Education is profoundly important. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Bitcoin teaches you: npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin BITCOIN HAS NO PRICE CAP npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin We’ve been gone for a while npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Today's volatility in Bitcoin is nothing more than the logical path of price discovery, bubbles, leverage, and manipulation as adoption increases by orders of magnitude. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin hmm, interesting point! npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Bitcoin differs from other cryptocurrencies by its soul. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin In Nazi Germany in the 30s, all the Jews had their money locked up in Germany. Bankers allowed people to launder their money out, but would take a haircut of 10%, 20%, 30% which progressively grew to 90%. At that point, nobody wanted to leave! npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Gold is expensive to store securely. Bitcoin is not. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin “We’re not even thinking about thinking about raising rates.” – Jerome Powell, Chairman of the Federal Reserve June 10, 2020 npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Railroads are very instrumental to logistics and the movement of armies. They therefore drove economic and political power. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Bitcoin’s utility as a unit of account **today** depends on what you already believe about Bitcoin. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin When the Fed creates $3 trillion in a matter of weeks by pushing a button, it consolidates the power to price and value human time. In the U.S., humans are not supposed to have that kind of power over other humans. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin The benefit we get from money is the **optionality** it gives us. The **ability to defer our decisions** on what to get in exchange for our work/goods. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin As we moved beyond traveling by foot and horse, beyond the development of affordable commercial air travel, and then, especially, beyond the internet’s Cambrian-like explosion of network power, gold’s **low spatial salability** became an acute flaw even the most ardent “goldbugs” miss. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Due to **group psychology**, newcomers arrive in waves. Bitcoin's current adoption trend is to increase in value on an exponential trend line with said waves. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Another massively underappreciated reason for why Bitcoin is volatile - it's decentralized! npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin As you go mine fiat today, remember that there is a greater mission out there - the adoption of sound money (Bitcoin) and the elimination of the crime against humanity - the profoundly unfair fiat money system. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin The State always grows. Participating in the democratic process only empowers it as devotees reward it through votes in exchange for entitlements. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin The haunting memory of bank runs from the past should serve as a stark reminder that banks are not as bulletproof as they seem. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Hidden taxation through inflation is also an advantage in war. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin In many countries, it is illegal for women to have a bank account, or even work, while the men learn, earn, and create independence for themselves. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Some criticize Bitcoin for not generating any sort of income. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Critics: npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Gold has been a reliable store of value because of its scarcity and historically low annual supply growth of only 1-2%/year. There has never been a “gold hyperinflation.” Indeed, gold has held its value over the centuries, while hundreds of other monies have come and gone. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Bitcoin will become mainstream. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin The majority of our innovations occur through trial and error. The tinkering impulse people have all over the world and communicating it so that we built on top of each other leads to these breakthroughs. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin How is #plebchain doing? 🫡 npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin not if the credit bubble is against a weak currency and the collateral is actually bigger. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin SPECULATIVE ATTACK: How does Bitcoin gain further adoption? npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin A traditional empire exports security - it acts as a policeman in the local area (or world), ensuring the law is followed. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin It is hard to see a lot of use for some kind of general “blockchain technology” outside of its application in Bitcoin as a currency and store of value. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Things can be forgotten. Nothing is guaranteed - missing a key insight can have you waste 1,000 years! npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin The skyscrapers in New York are constructed from the value extracted by financial intermediaries. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Oil was about kerosene and lighting → heating → automobiles. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Regardless of Bitcoin’s future ascent, or descent, the long-dated monetary liabilities of individual Americans are denominated in U.S. dollars. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin In a way of looking at it, a store of value is captured energy that does not decay. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin In our current system, **money creation** and money destruction is mainly done through private banks. New money is created when these banks create credit, and through fractional-reserve banking they only keep a small fraction of deposits in reserves. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin few #plebchain npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin The unique utility that money gives us stored optionality - the ability to defer the decision of what to receive in exchange for your work/goods. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Everything Satoshi did in inventing Bitcoin was non-original – his genius was in seeing how combining a specific set of previously solved problems could, together, solve certain unsolved problems – except **the Difficulty Adjustment**. The Difficulty Adjustment is Satoshi’s most underappreciated breakthrough - a truly genius application of game theory. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Banking is inherently unstable. Bankers are making it up as they go. There are numerous examples throughout history that prove this, each with different outcomes. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin https://i.imgflip.com/7atipk.jpg npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Bitcoin mining has the potential to bootstrap the development of cheap, clean energy infrastructure in remote areas, possibly leading to a more sustainable energy future. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin The ultimate conclusion about Bitcoin is that a global network of rational economic actors operating within a voluntary, opt-in currency system would never collectively form a consensus to debase the currency they have all independently and voluntarily determined to use as a store of wealth. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin The foundational fallacy is that people try to explain money in physical terms when it is purely a sociological phenomenon. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Insane! Kudos on rowing though! npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin This picture is the very definition of clown bankers that have no idea what they're talking about. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Regardless of Bitcoin’s future ascent, or descent, the long-dated monetary liabilities of individual Americans are denominated in U.S. dollars. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin The State always grows. Participating in the democratic process only empowers it as devotees reward it through votes in exchange for entitlements. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin If you go on a rowing machine and row as hard as you can for an hour, you’d barely get a kilowatt-hour – 29 cents. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Bitcoin is practical money. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin https://pbs.twimg.com/media/E2b5lRpXEAA9VBh.jpg npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin People used to hunt whales, boil their blubber to create kerosene. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin yo! #plebchain npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Empire had to control their religion back in the day. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Unless Bitcoin becomes heavily manipulated or human nature changes, a new monetary asset that regularly grows in both popularity and usefulness will always be volatile. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Money is, and has always been, technology. Technology for making our wealth today available for consumption tomorrow. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin The trillions of dollars of central bank-driven low or negatively yielding financial instruments demolish the dreams of savers and retirees, prohibiting an enormously large and growing group of individuals from meeting their retirement wants, wishes, and — tragically — even needs. Free money has consequences. Because it is not free. No matter how well-intentioned, runaway global money printing, and the resulting financial repression, is society’s largest global challenge. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Today we think of a brand as a logo or as reputation. But it's more - it's certification too. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Bubbles do not raise the utility of the underlying asset - a house remains the same physical asset regardless of the price. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Beyond the fundamental unfairness of both its temporal and, ultimately, uneven distribution, central bank money printing leaves the fidelity of an economy’s relative price signals in tatters. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Bitcoin has 4 simple rules: npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin https://i.imgur.com/QTkF2EX.png npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Your finances are not your own - they are scrutinized and require approval at every step. If you operate slightly outside the mainstream, you risk getting your savings confiscated with no recourse - https://www.heritage.org/research/reports/2014/03/civil-asset-forfeiture-7-things-you-should-know npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Gold has been a reliable store of value because of its scarcity and historically low annual supply growth of only 1-2%/year. There has never been a “gold hyperinflation.” Indeed, gold has held its value over the centuries, while hundreds of other monies have come and gone. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin **Bitcoinism** is an emergent philosophy, embodying a consistent set of many values: npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Money presents an important lesson - the larger and more valuable a social institution gets, the more it incentivizes others to seek control over it npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin https://i.imgflip.com/7athah.jpg npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Nothing is guaranteed - missing a key insight can have you waste 1,000 years! npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin When the money supply is manipulated, it distorts global pricing mechanisms which then communicates inaccurate information throughout the world economy. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin “The network is robust in its unstructured simplicity.” – Satoshi Nakamoto, “Bitcoin: A Peer-to-Peer Electronic Cash System”, October 31, 2008 npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin At the start of an industry, there is usually lack of standardization and an attempt of legal monopolization. Such legal monopolization can have short-term benefits as it mutes volatility and leads to forced-standardization - effectively pulling-forward the efficiency from standardization. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin If you believe the deterioration of local currencies in Turkey, Argentina, or Venezuela could never happen to the U.S. dollar or your local economy, you haven't studied history. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin The Bitcoin world is full of people who know very little about economics or cryptography; they only know that they could have made millions if they had not sold at the bottom. These people tell themselves that they are redeemable, that Bitcoin is just the MySpace of cryptocurrencies, that they will have another opportunity to get in early on some other revolution. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin As adoption of #Bitcoin grows, expect price discovery, bubbles, leverage, and manipulation. But eventually, it could become the world's most reliable pricing mechanism. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Just as 16 century Protestants began to question the doctrine of the Pope, so too came to wonder a bunch of nerds and cypherpunks: npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin beautifully said! npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin What we mean is that the confiscation is forbidden as part of the protocol. In real life, you are always the weakest link :) npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Bitcoin has 4 simple rules: npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin https://nostr.build/i/nostr.build_3048e0a57329287d94d59bb91a4f0b5e8ff5ed3b6c569cde8846cff414e1e0c0.gif npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Every person new to Bitcoin thinks they have a unique understanding of Bitcoin and that everyone ought to hear about it. There's an endless flood of newbies 'concerned' about such and such 'problem' with Bitcoin. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin The fundamental way we increase prosperity in society is through groundbreaking innovations that allow us to deliver **1000x** more energy - they massively dwarf any political moves. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Standardization collapses fixed cost. npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin “There are these two young fish swimming along and they happen to meet an older fish swimming the other way, who nods at them and says ‘Morning, boys. How’s the water?’ And the two young fish swim on for a bit, and then eventually one of them looks over and the other and says, ‘What’s water?’” npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3v 2minutebitcoin Barter is inconvenient and that is one of the reasons why we moved on to money. But it's not the sole explanation.
