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Competing for untapped scarcity (value)

The only real stable coin is #Bitcoin. 1BTC = 1BTC

#Bitcoin is an archive for humanity to impose its truths.

My current what Bitcoin really is take: #Bitcoin structurally is governed by a decentralised network of nodes expending watts to impose a physical cost constraint to deter corruption of the system. This energy expended also produces unique compute that converts that specific work into the bitcoin unit itself. That unit has a capped supply which redeems the absolute scarcity characteristic. The scarcity of the units incentivises economic actors to ruthlessly attempt to acquire these units to wield the optimal purchasing power. This alone draws the attention of everyone operating in any of the conventional “money” networks. Fiat monies and commodities. Bitcoin mining as a result becomes highly competitive and expansive. Hash rate goes parabolic, meaning the security and decentralization of the network also goes parabolic. All this energy expended into the network for what though exactly. What could possibly account for this much energy and significance? History. Yes that’s right history. For the first time ever, we now have a ‘book’ that is forever expanding that cannot be changed or manipulated. Seriously profound. A foundation for the human race to start a new story that is govern by truth. An immutable memory bank for history to be written. No more lies, or altercations. This is what Bitcoin really is. History.

“The security of title in property — the knowledge that you own something and that this fact cannot be altered arbitrarily — is one of the foundations of civilization itself.” —Nick Szabo

#Bitcoin is a protocol built to govern and preserve the integrity of data. In other words, a machine that is converting watts into digital truth that cannot be altered. A foundation for unforgeable history. An immutable book that is perpetually growing. No lies or manipulation. Just pure truth.

The Timechain lives on

The challenge is finding ways to reintroduce the chaos, spontaneity, and intensity of the Dionysian—to dance, create, explore, and lose oneself in something greater.

The Bitcoin Standard: The total circulating supply of money is capped at 21M. Banks that operate irresponsible balance sheets will not be bailed out in the event of a bank-run or credit crunch. The free market will decide the fate of success and failure across all economic activities. Most importantly, no individual, group, institution or government will be able to siphon wealth from holders of the currency through the act of inflation. Instead, the new norm will be perpetual deflation as technology continues to advance, boosting productivity and economic activity. Prices will be lower, giving individuals greater purchasing power. The new world will be more digital, more energy intensive and therefore more abundance for all. This can only be made possible with a monetary system that is open-source and backed by mathematics and physics, two domains that exhibit nothing but the truth. We have never before in the history of the human race seen a monetary system that is governed by truth and integrity. Individuals for the first time ever now have the ability to plan for the future with absolute clarity. This is what the Bitcoin standard can offer. A world that pushes for freedom and abundance.