ʟɪғᴇᴄʜᴀɪɴ ᴘʀᴏᴛᴏᴄᴏʟ

Lies go viral. Truth arrives too late to matter. Time makes injustice permanent.

P1: Financialization legitimizes Bitcoin in the eyes of skeptics but temporarily amplifies volatility. P2: Volatility delegitimizes Bitcoin in the eyes of skeptics and delays the market cap growth that would sufficiently dampen volatility. C: *textbook asymmetric opportunity*

In an age of noisy fiat and digital abundance, digital scarcity's unique signal commands an ever-expanding premium.

These are largely natural and structural deaths that happened to occur in capitalist societies, plus some genuine colonial and imperial atrocities. Blaming capitalism for Hurricane Katrina or the Revolutionary War is like blaming feudalism for the Black Death. It's a category error. The communist death toll is largely composed of politically caused excess deaths that were the *direct result* of trying to impose communism. Thus, it is much more reasonable (even if the exact number is debated) to speak of deaths caused by communist policies. One is a body count of deliberate or ideologically driven state killings. The other is an ideological exercise that counts nearly every misfortune under the sun as long as it happened in a society with markets and private ownership. There is no comparison.

“Don't generalize” amounts to statistically illiterate virtue-signaling. It’s rational to lean on base rates in low-information settings and then update a posteriori. To avoid tribalism, we must then apply the exact same standard when the in-group has the ugly priors.

Social media algorithms reward outrage over accuracy. Because the most politically engaged are disproportionately exposed to misinformation, their Dunning-Kruger-style overconfidence ironically renders them de facto low-information voters.

A paper Bitcoin product provided by Jeffrey Epstein's banker, the institution led by an ardent critic of the asset and convicted of manipulating the price of gold? No thanks.