Money is technology.

Many previously scarce things are now abundant: calories, textiles, information. But you’ll always want one thing to remain scarce—money. Scarcity in money provides the incentive to create abundance in other things as there's a mechanism to reliably store value. Every form of money that could be inflated by way of force or technological advancement has been. As inflation destroys purchasing power, people seek out the next 'hardest thing'. It's a constant search and therefore an evolution. The emergence of computing gave us the ability to duplicate digital items at zero marginal cost. Today, bitcoin represents the birth of absolute digital scarcity by imposing an infeasible cost on duplication. Through a clever combination of proof-of-work and game theory, we now have a tradable asset with a fixed terminal supply, independently verifiable by all participants in the network. The beauty of bitcoin’s difficulty-adjustment means that no matter how much hash power is directed at mining it, its rate of issuance will not be impacted. Digital scarcity is now a reality.

Stay humble, zap sats.

Without labor, nothing prospers. —Sophocles

"History has always been a series of pendulum swings, but the individual doesn't have to get caught in that." —Robert Johnson

The one certainty of fiat- it always ends on a high note.

Felt bad that we're single-handedly destroying the advertising model, so here's a Raytheon ad.

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