Sats Cafe. final training session before we open next week. this coffee shop at the lobby of Silliman University College of Law only accepts #bitcoin . We hope to make this lobby come alive with good coffee and interesting conversations about money and state.

The story of #Bitcoin is one of fairness, of decentralization, of constraint. Its ‘holy text’ can be (and is) expressed in code, & embodied in a technology that is an objective, verifiable manifestation of the narrative. Its story isn’t just made up; it has proof of work.

Teaching One Semester of Bitcoin

One Semester of Teaching Bitcoin – Florin T. Hilbay

Hyperbitcoinization is a state of the world where people and communities are able to internalize the benefits of exchanging or trading value arising from using the Bitcoin network, allowing them to avoid the leakages and rent extracted today by those in charge of the fiat system. #Bitcoin

Most people view the fiat system as a mere passive environment where economic activity happens, like Newton’s space/time. In truth, it’s an active participant, affecting the fabric of economic, social, political relations, like Einstein’s curvature of space/time. Thus, #Bitcoin.

#Bitcoin is a real estate in cyberspace, with 21 million plots, each of which is divisible into 100 million lots. Rights over these lots are global, pseudonymous, permission-less. This global public registry of private rights is the cornerstone of rights in the Information Age.

The case for #Bitcoin is the case for ordinary fairness—that the value of money not be taken away and diluted by those in power from ordinary people.

#Bitcoin is a first-of-its-kind global public utility providing service to all—permissionless value transport—without the need for franchise/license fees. It’s bound to disrupt the model of corporations operating w franchise/license because its rails can offer cheap and fast transport service that can not be matched by legacy institutions.

The idea of a world reserve currency is nation-state centric. The goal for #Bitcoin is probably better described as becoming humanity’s cash/money. It is as envisioned by Satoshi himself in the title to his white paper. It is consistent with the goal of empowering sovereign individuals, even communities.

The money is an expensive social network operated by governments as an unnamed public utility handicapped by all problems associated with the fiat system. Its protocol is controlled by politicians and bureaucrats. #Bitcoin is a non-government social network for transmitting value that doesn’t require licenses and franchises to operate. Coders act as legislators and stewards of the protocol. Cheaper, faster network wins.