If we think about bitcoin like a program, it might be the simplest most minimalist program of all time?

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Sending bitcoin payments via satellite?

Organized minorities

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Motivated minority

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You can ban it, but it will not last

Spontaneous Order, Hayek

Perhaps the reason why studying real economics is interesting or useful is that when there is a strong financial motivation behind things… Things in concepts become more real?

The long run — in the long run, open source works better in the long run

Ironically enough, bitcoin is actually very conservative?

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Bitcoin is going to eat the lunch of gold

It seems  that in the past, guys who advocated us to buy gold, they were correct. Yet now in the year 2024 and beyond… If they were really smart they would change their opinion, and buy bitcoin?

If you’re a diehard gold holder, I would say maybe just spend 10% of your reserves and buy bitcoin?