Prime currency
6.7% annual growth rate of supply of USD
Durable items, buying durable items
5% a year double in 15 years
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If it doesn’t use energy, then it is a security
Security is an equity stock?
Technical and ethical foundation
Permissionless
A bearer energy of exchange
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50B computers at the speed of light
Bearer asset
transaction network –> lightning network
Bitcoin & Lightning is foundation
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400M years old … don’t move it!
Don’t turn it into glass!
Glass house on sand
Granite underpinning
Settle, settlements
Proprietary application
Bitcoin Derivatives
Base Layer
Bitcoin is the Sun … gives life
Entrepreneurs figure it out
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Hardness of it?
The hilarious irony is that once the central bank is destroyed, and there is a sign that it can no longer be printed, then its value appreciates?
Why we prefer scarce? Common sense?
Gold extinguishes debt
Rewards of producing value?
Future discounts
Discount on the future
Capital Goods
More output, superior goods
Investment raises the productivity of the investor 
I’m an investor?
Building a fishing rod, takes initial time investment but in about a week or two, you can double the amount of fish you catch?
Then, invest in building a boat, which could take you further than you could before?
Newer type of fish, superior and different because they are deeper in the water
Novel access? Overland idea?
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Red is attractive