BitopiaLand
Bitopia

History & geopolitics through a #Bitcoin lense.

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Last Notes

2024-09-04 13:24:25

The Goal of a State is to Increase its Share of the World’s Bitcoin
And as soon as they realise this, there will be no more cheap sats for you…
The overriding goal of a state is to increase its share of world power. They need this to keep themselves safe from coercion and invasion.
States always try to become more powerful militarily compared to other states. Military power, however, grows out of economic power. Building a powerful military is costly.
So what states are really competing for is economic power. And in particular, the purchasing power that allows them to build a stronger military than their rivals.
Technological innovations, commodities and human capital are the potential sources of a state’s purchasing power. But whatever the source, states need to transfer economic power into money in order to have purchasing power.
So what states really aim for is to increase their share of the world’s money. Do you see where I am going?
Bitcoin’s hard limit of 21 million!
After the gold-standard failed as the world’s money, the USD is now in the process of failing as the world’s money. The speculation is about what the world’s next money will be.
I think there is only one serious contender and that is Bitcoin.
This means that states will soon wake up to the fact that in order to be safe they will need to own as much Bitcoin as possible compared to their rivals.
This will kickstart a buying frenzy the world has never witnessed before. And when the dust is settled, there will be a Bitcoin balance of power that states will try to maintain through bilateral agreements and military stand-offs.
https://m.primal.net/KdlP.png

2024-09-02 19:11:44

Depending on Other Countries for your Defence is Fiat
Lots of countries depend on larger, more powerful nations for their defence. Just like fiat, this seems a good idea at first but is dangerous in the long-term.
It saves money and energy to outsource defence. But both have to be paid back multifold by any country pursuing this strategy.
The money that is saved can be used by the government for programs that are popular with citizens. Programs that get politicians reelected, like healthcare and welfare programs.
This is good for the reelected politicians, bad for the country. It is exactly the same as fiat money…
Fiat money allows governments to “help” its citizens by alleviating (perceived) economic pains. Artificially low interest rates and budget deficits is how this is done.
The long term consequences of this “money printing” are a weaker economy (due to misallocation of capital) and a weaker population (due to savings being inflated away).
In a similar way, the consequences of depending on others for defence weakens a country. It puts its sovereignty at risk. It also puts its economy at risk.
It is fiat in that the defence of that country depends on the whims of others. The king decides and the king can tomorrow decide to withdraw his military commitments.
Where does this leave the country being “protected”? Exactly…f*cked!
Not only can a country lose its sovereignty when it is left defenceless at the mercy of its (potential) enemies. It also leaves it at a severe disadvantage vis a vis the nation doing the defending.
The nation doing the defending has all the leverage…
Ask yourself what Germany’s reaction would have been to the blowing up of Nordstream if it didn’t have 30,000 US troops on its soil.
Or how Japan would have behaved in its trade spat with the US in the 80s if it didn’t have 54 US military bases on its territory.
For nations to be healthy, they need hard money and build an independent military.
https://m.primal.net/KaoD.png

2024-08-28 18:47:35

Bitcoin as your Nation’s Competitive Advantage
You want to live in a country where you can live your best life compared to other countries. You want the highest salaries, get the best services and have the overall best quality of life.
This requires entrepreneurs building companies that build products and provide services that make your life easier. And those entrepreneurs need access to talent and the cheapest raw materials to provide these products and services at the best prices…
What is a shortcut to get here? Have your country adopt Bitcoin…
By adopting Bitcoin the economy of your country will start having Bitcoin circulating and households and companies will start to sit on reserve assets that keep appreciating in value compared to other types of investment assets, including the currencies of other nations.
Making it possible for entrepreneurs to accumulate Bitcoin, your country will have one huge advantage over other countries: It allows them to pay their employees in Bitcoin as well.
And since Bitcoin is an ever appreciating asset, this will be extremely attractive to the most talented people in other countries, who will be severely tempted to move to your country and help build the best products and services.
This is exactly what El Salvador is doing with Bitcoin, and the UAE is doing with favourable tax laws…
Another benefit of putting Bitcoin in the hands of entrepreneurs is that it gives them a competitive edge over competitors from other countries when it comes to sourcing raw materials.
Just like talented workers who are tempted to come and work in your country, sellers of raw materials rather sell their (relatively) hard raw materials for the hardest currency on earth instead of depreciating fiat currencies of other countries.
https://m.primal.net/KRyK.png

2024-08-27 04:56:14

Freedom as a Competitive Advantage
It has been obvious for a while what Bukele is doing in El Salvador.
He is using freedom to attract the capital and talent to create a new 17th century Netherlands from the ashes of civil war and gang violence.
His biggest ally? News headlines like we saw last couple of days:
“Telegram founder Pavel Durov arrested in France for “allowing criminal activity” on his app”
The (traditional) West is actively jailing founders and devs and even putting people in person for sharing memes. El Salvador in the meantime is encouraging free speech and free money and tries to lure talented people to help rebuild the country.
Western leaders have inherited lands that have been so prosperous for so long that they believe they can do anything without consequences. Maybe they even believe they are responsible for its prosperity.
They are not…
And the result of this reckless behaviour is a hollowing out of the pluralism that made the West strong. The ability to have different voices in society that provide a different narrative from that of the powers that be.
Talent will be fleeing western countries for greener pastures, like El Salvador. Macron may be thinking that it is hard to leave France, but he is vastly underestimating the technology that allows people to take everything they have and leave at a whim:
Bitcoin!
There are estimated to be 10 million Bitcoin owners in Europe and it is likely that most talented and influential people own Bitcoin. It is therefore a group that is highly mobile and welcomed with open arms in El Salvador today and many other countries tomorrow.

2024-03-03 09:21:21

"O thou #Bitcoin, send me as far over the earth as is my pleasure and thine, and may I make the acquaintance of good men, but never hear anything of bad ones, nor they of me."
-Apollonius of Tyana
https://m.primal.net/HhGS.png

2024-02-26 19:34:39

Central banks buy gold to be able to continue the fiat standard.
1- Manipulation of the gold price
2- No independent audits of gold reserves
https://m.primal.net/HfRA.jpg

2024-02-26 19:34:15

The gold standard led to fractional banking.
Fractional banking led to the fiat standard.
The fiat standard led to the #Bitcoin standard.
https://m.primal.net/HfQz.jpg

2024-02-26 05:46:49

Sound money leads to:
1- Savings
2- Investments
Which leads to:
1- Innovations
2- Prosperity
https://m.primal.net/HfLW.png

2024-02-26 05:46:14

"There is no #Bitcoin genius without some touch of madness."
-Aristotle
https://m.primal.net/HfLV.png

2024-02-25 12:53:36

Summary of the fall of [insert civilisation]:
Centralisation → Debasement → Collapse
https://m.primal.net/HfCy.jpg

2024-02-25 12:53:11

#Bitcoin adoption enables African nations to participate in the global economy without asking a master's permission.
https://m.primal.net/HfCx.jpg

2024-02-23 09:13:03

Power corrupts & absolute power absolutely corrupts!
One things Peter Schiff is right about is that governments need physical constraints to keep it honest.

2024-02-22 06:11:37

It's a tragedy Peter Schiff doesn't (want to) understand #Bitcoin and sees #gold as the solution.
He is clear about the problem, but diagnoses the wrong solution.
It's gold failing the market test that led to fiat.

2024-02-22 06:11:11

A #Bitcoin standard would have prevented the fall of Rome.
https://twitter.com/BitopiaLand/status/1625776621058760707?s=20

2024-02-22 06:10:58

The gold standard brought Europe to the pinnacle of civilisation
#Bitcoin is its only chance to get back there

2024-02-21 06:08:32

The 🇺🇸US’s main export is money.
Other countries have to produce stuff to import stuff.
The 🇺🇸 can just print dollars.
The 🇺🇸 lives above its means, the rest of the world below it.
https://m.primal.net/HeDj.png

2024-02-21 06:07:51

#Fiat allows politicians to print as much money as they want & use it however they see fit.
This gives them immense power to interfere with our lives.
With the gold standard, governments had to be careful about how they spent their money, which led to better decisions.
https://m.primal.net/HeDi.png

2024-02-21 06:06:33

Europe has been without ideas for a while now.
All we have is the 🇪🇺EU with its hollow phrases.
We should embrace #Bitcoin and start building the future again!

2024-02-21 06:06:17

🇨🇳China has the highest saving rate of all Great Powers.
If they can turn this excess saving into energy, using #Bitcoin, they will become unstoppable.
https://m.primal.net/HeDg.png

2024-02-19 05:36:09

"Shitcoins are a serious mental disease."
-Plato
https://m.primal.net/Hdig.png

2024-02-19 05:35:35

There is only 3 ways to decrease government debt:
1- Spend less (lol)
2- Increase taxes (= not re-elected)
3- Print money

2024-02-19 05:35:24

#Bitcoin art:
They Did Not Expect Him (1884–1888) - Ilya Repin
https://m.primal.net/Hdie.png

2024-02-18 09:49:42

The 🇺🇸US bombing 🇮🇷Iran will be another milestone historians will look back on as awakening civilisational islam.
#note12dv…ad5t

2024-02-16 09:32:35

The First Gulf War was supposed to be an extensive bombing campaign only
But it failed to force Saddam Hussein to abandon Kuwait, therefore a ground invasion was needed to accomplish the task

2024-02-16 09:32:13

The only time a major power bombing a minor power that could be seen as a success was the US bombing of Yugoslavia in 1999
At closer look it was actually the threat of a NATO ground invasion & Russia's diplomatic pressures that really caused Yugoslav capitulation

2024-02-16 09:31:58

History is clear: bombing campaigns without the credible threat or actual use of ground forces fail to achieve strategic objectives
#note12dv…ad5t

2024-02-14 16:09:06

Why Bombing Iran Won’t Work
The United States is debating whether to bomb Iran.
However, history provides a clear answer: bombing campaigns, not supported by a ground war, never lead to victory. If anything, they make the opponent more determined.
8 times before a great power tried to achieve its goals by bombing a minor power:
1. Italy vs. Ethiopia in 1936
Italy bombed Ethiopian towns and villages, even using poison gas, in an attempt to force Ethiopia to surrender.
This strategy failed and it took an Italian ground invasion of Ethiopia and the subsequent conquering of the country to get Ethiopia to surrender.
2. Japan's Bombing of China (1937-1945)
Between 1937 and 1945, Japan relentlessly bombed Chinese cities causing great numbers of civilian casualties.
This did not break the will of the Chinese people, and the conflict ended in a Japanese defeat by the United States.
3. The Soviet Attack on Finland in World War II
During World War II, the Soviet Union conducted a (relatively small) bombing campaign against Finnish cities. This did not lead to Finland's capitulation.
In the end it was Finland's recognition that its military was heavily outnumbered and didn’t stand a chance against the Red Army that made it quit fighting.
4. The Korean War
To force North Korea to stop fighting the US attacked food and industrial centres. What led to the end of the war though were US nuclear threats and the realisation that neither side had the capacity to break the stalemate.
5. The Vietnam War
The “Rolling Thunder” bombing campaign by the US had as goal to force North Vietnam to stop fueling the war in the south and accept an independent South Vietnam.
The bombing campaign failed and North Vietnam eventually won the war.
6. The Soviet Invasion of Afghanistan
The 1980s Soviet bombing campaign in Afghanistan intended to crush rebel forces by attacking population centres. This did not have the intended effect and the war ended with the Soviets withdrawing, not the insurgents.
7. The First Gulf War in 1991
Before invading, the US first tried to force Saddam Hussein to abandon Kuwait via an extensive bombing campaign.
This campaign failed to achieve its objective and a ground invasion was needed to accomplish the task.
8. The Bombing of Yugoslavia in 1999
The only campaign that appears successful, at first glance, was the bombing campaign that coerced Yugoslavia into submission in 1999. And the bombing campaign definitely played a role…
But closer examination reveals that NATO's threat of a ground invasion and Russia's diplomatic pressures were the decisive factors that made Yugoslavia capitulate.
Conclusion
The historical record is clear: bombing campaigns without the credible threat or actual use of ground forces are unlikely to achieve strategic objectives.
This holds especially true for Iran, where the complexities of regional dynamics and the potential for proxy engagements make a purely aerial strategy not only ineffective but likely counterproductive.
And since a ground invasion of Iran is not a viable threat, the only real option to end tensions in the Middle East is via diplomatic means.
https://m.primal.net/HcnB.jpg

2024-02-14 16:07:32

Quadrupling of the money supply. Record inflation
Europeans struggling. People unable to buy houses or start families
But at least the ECB knows how to build a beautiful HQ
https://m.primal.net/Hcmy.jpg

2024-02-14 16:07:02

“Truth is not what you want it to be; it is what it is. And you must bend to its power or live a lie.”
-Miyamoto Musashi
Every country, entity and person should think about this when defining a #Bitcoin strategy
https://m.primal.net/Hcmx.jpg

2024-02-12 19:35:41

The one question Peter Schiff will never answer is what gives gold its intrinsic value
The answer would lead to the conclusion that #Bitcoin scores better
Especially after the 2024 halving

2024-02-12 19:34:30

Gold is as digital as #Bitcoin: It requires digital markers to use
Nobody is going to carry or send actual gold around the world
Gold can't function without derivatives like the USD
https://m.primal.net/HcPa.png

2024-02-12 19:33:51

Fiat currencies drive mal-investments leading to capital destruction:
-Subsidies
-Artificial interest rates
-Increased regulation
-Tariffs
https://m.primal.net/HcPZ.png

2024-02-12 05:44:10

#Bitcoin on the balance sheet is not what makes a country strong (although it does help!)
It's the effect it has on the economy through efficient capaital allocation that will be the game-changer
https://m.primal.net/HcJv.jpg

2024-02-12 05:43:35

"A single idea, if it is right, saves us the labor of an infinity of experiences."
-Jacques Maritain
https://m.primal.net/HcJu.png

2024-02-12 05:42:53

#Bitcoin art:
Breezing Up (1873–1876) - Winslow Homer
https://m.primal.net/HcJt.png

2024-02-11 09:10:44

- reply

I assume the great suffering you refer to is that his theory led to the theory of eugenics. I get your point here.
But in what way were his ideas false?

2024-02-11 09:07:59

"Envy comes from people's ignorance of, or lack of belief in, #Bitcoin."
-Jean Vanier
https://m.primal.net/HcAl.png

2024-02-11 09:07:17

The 🇬🇧British empire was severely weakened by overspending in WW1 and WW2
(encouraged by the 🇺🇸Americans who saw a chance to take control of the Atlantic)
Britain lost most of its empire in the two decades after WW2...
#note16ln…8scp

2024-02-11 09:06:49

#Bitcoin art:
The Chess Players (1876) - Thomas Cowperthwait Eakins
https://m.primal.net/HcAk.png

2024-02-10 07:10:27

The Industrial Revolution spread gradually, industry by industry and region by region
The #Bitcoin Revolution will also spread gradually, industry by industry and region by region...
https://m.primal.net/HbpC.png

2024-02-10 07:10:00

The 🇬🇧British empire was at the height of imperial power during the Victorian era (mid to late 19th century)
This is when it was the world’s leading military & economic superpower

2024-02-10 07:09:35

The 🇬🇧British were the first to go through the Industrial Revolution
🇬🇧 became the global hub for trade and manufacturing, and the territories it gained during the Age of Conquest provided needed raw materials
#note16ln…8scp

2024-02-09 05:56:34

Like with the fall of every empire, currency debasement played an important role in the demise of the 🇬🇧British empire.
#note16ln…8scp

2024-02-09 05:56:18

In the 18th century 🇬🇧Britain had a strong navy & a well-trained army
It also had the world’s best bureaucratic and judicial system (English common law is still widely in use today)
#note16ln…8scp

2024-02-09 05:55:56

🇬🇧Britain in the 16th century was a great pioneer.
It produced explorers like Sir Walter Raleigh and Sir Francis Drake
And established its first colonies in North America and the Caribbean
#note16ln…8scp

2024-02-07 18:25:20

- reply

Why not?

2024-02-07 09:36:32

The Rise & Fall of the British Empire
Once a proud empire, ruling the seas of the world.
Now a mere vassal relegated to obeying a contemporary superpower in order to maintain a semblance of relevance.
🇬🇧Great Britain, like every empire before it, rose and fell with the Cycle of Empires.
I wrote about Glubb’s “The Fate of Empires” before and how #Bitcoin can help preserve and make them more benevolent.
See Bitcoin & The Fate of Civilisations for a deeper explanation of each phase and the benefits #Bitcoin offers at each phase.
In summary, civilisations and empires go through 6 phases:
- The Age of Pioneers
- The Age of Conquest
- The Age of Commerce
- The Age of Affluence
- The Age of Intellect
- The Age of Decadence and Decline
Now let’s have a look at the British empire and see how it went through this cycle of rise and fall.
1. The Age of Pioneers
Great Britain started its Age of Pioneers in the 16th century under Elizabeth I. This is when it began to establish its first colonies in North America and the Caribbean.
It emerged as a naval power and produced explorers like Sir Walter Raleigh and Sir Francis Drake.
2. The Age of Conquest
It was at this stage that Britain expanded its influence into the Americas, Africa, and Asia through a series of wars. It also won the Seven Years' War (1756-1763) against great power competitor France.
Britain had a strong navy, a well-trained army, and arguably the world’s best bureaucratic and judicial system (English common law is still widely in use today)
3. The Age of Commerce
The British empire went through the Industrial Revolution (18th and 19th century) during this stage. It became the global hub for trade and manufacturing, and the territories it gained during the previous Age of Conquest provided raw materials.
This age was characterised by significant technological (e.g. steam power) and economic progress (e.g. textile and iron industries) in the British empire.
4. The Age of Affluence
The British went through their Victorian era (mid to late 19th century) at this stage. They were at the height of imperial power, becoming the world’s leading military and economic superpower.
Victorian Britain enjoyed unparalleled wealth and global influence, symbolised by grandiose architecture, extensive rail networks, and a rich literary and artistic heritage.
5. The Age of Intellect
The British empire saw significant advancements in science (Darwin, Maxwell), literature (Dickens, Hardy), and social thought (Mill, Bentham) during this age.
However, this period also saw an increase in critiques of imperialism, and a rise in nationalist movements in the colonies.
6. The Age of Decadence and Decline
The British empire was severely weakened by overspending in WW1 and WW2 (encouraged by the Americans who saw a chance to take control of the Atlantic).
Britain lost most of its empire in the two decades after WW2. It lost many of its traditional industries and saw a rapid growth of the welfare state as well as immigration from its former colonies.
Of course, Britain also started debasing its currency during the two wars. Something it never recovered from…
https://m.primal.net/HbEW.jpg

2024-02-06 05:34:51

This is why the EU is shooting itself in the foot with its sanctions and red tape.
#note1hh0…e6e4

2024-02-05 15:57:02

The number of crises in Europe increased significantly since the introduction of the Euro...
https://m.primal.net/HaoU.jpg

2024-02-05 15:56:39

After the Napoleonic Wars of 1793 - 1815 tarifs and other trade bariers were removed in Europe
This encouraged long-term investments and stimulated economic growth
https://m.primal.net/HaoT.jpg

2024-02-05 15:56:00

Napoleon established the Bank of France in 1800
The goal was to keep his wars going
https://m.primal.net/HaoS.jpg

2024-02-04 09:38:34

#Bitcoin is the invention of:
1- Digital scarcity
2- 100% sovereign ownership of an asset
3- Exchange of value without the need of a 3rd party
https://m.primal.net/HadV.jpg

2024-02-04 09:36:11

#Bitcoin art:
The Dinner at the Ball (1878) - Adolph Von Menzel
https://m.primal.net/HadT.png

2024-02-03 07:29:56

#Bitcoin art:
Nanna (1861) - Anselm Feuerbach
https://m.primal.net/HaVa.png

2024-02-02 07:25:02

Rome's decline:
1- Centralisation
2- Increased spending
3- Debasement
4- Exponential increase in spending
5- Exponential debasement
6- Economic & social collapse

2024-02-01 05:53:44

“The plan is simple. As the world falls into tyranny, we’ll create a haven of freedom.”
-@nayibbukele
#note1ghv…sunx

2024-02-01 05:53:05

Freedom and #Bitcoin is all you need to put your country on a path towards growth...
#note1ghv…sunx

2024-01-31 08:49:04

Freedom as Competitive Advantage
I wrote before about the similarities between El Salvador today and 17th century the Netherlands (when it was about to enter its Golden Age).
One thing I didn’t mention is how both countries use(d) freedom as a competitive advantage.
Or in the words of El Salvador’s president:
“The plan is simple. As the world falls into tyranny, we’ll create a haven of freedom.”
-Nayib Bukele
Freedom as a way to attract capital and talent
By calling it “the plan” we know Mr. Bukele doesn’t (only) want to create a “haven of freedom” purely for humanitarian reasons.
It is actually a clever geopolitical strategy that is aimed to strengthen El Salvador’s industrial and intellectual base.
He uses freedom to attract the world’s most mobile capital (Bitcoin) and attract the smartest and most skilled talent (the Bitcoin space employs a lot of smart people).
And looking at history, we can see there is good precedent for his moves…
A haven of freedom in the 17th century
The Netherlands rose to superpower status in the 17th century. I wrote before about several catalysts causing this rise.
Another important one was that in the 17th century the Netherlands was “a haven of freedom” and attracted people fleeing tyranny and persecution in places like Spain and France.
People who took their capital and skills with them…
The Spanish Inquisition in southern Netherlands
An important wave of capital and skills came from the southern Netherlands (present-day Belgium) which was under Spanish rule at the time.
When the protestant Netherlands started its war of independence against Catholic Spain, Spain retaliated with the persecution of protestants in the south (the infamous Spanish Inquisition).
As a result many protestants fled to the northern provinces where they were free of persecution.
Many of these immigrants were skilled craftsmen in the fields of printing, textile manufacturing, arts or brought the trading contacts they had made in the port of Antwerp.
They significantly strengthened the industrial and cultural base of the Netherlands.
Influx of Sephardic Jews
In the 16th century the Spanish and Portuguese monarchs signed decrees forcing Jews to either convert to Catholicism or be expelled.
Some converted, while others chose to flee. A large portion ended up in the city of Amsterdam in the Netherlands.
These Sephardic Jews also brought their trade networks (especially in the Mediterranean) and had significant experience in banking, money lending and financial transactions.
It is not surprising Amsterdam became the financial capital of the world…
They also brought knowledge and texts from Spain, Portugal and the broader Mediterranean region about medicine and science.
Both are areas the Netherlands excelled at during its Golden Age.
France prosecuting the Huguenots
France witnessed a series of religious conflicts in the 16th and 17th centuries between Protestants (Huguenots) and Catholics.
As a result many Huguenots fled France, and many ended up in the Netherlands.
They brought crafts like silk waving, clock-making, and metalwork. And like the other migrant groups they also brought their trade and banking networks.
The Huguenots also valued education and scholarship. Many were highly educated and contributed to Dutch intellectual life, including theology, philosophy, and science.
Freedom as a competitive advantage
The history of the Netherlands shows that being “a haven of freedom” yields significant long-term results.
It takes a long time for a country to build capital and skills from scratch. Attracting them from other countries is a clever way to speed up this process.
Just ask Deng Diaopeng’s China…
Nayib Bukele understands this and uses freedom to attract skills and capital to El Salvador.
The Innovation and Technology Manufacturing Incentives Act and the Freedom Visa Program are good examples of this, making it attractive for skills and capital to move to El Salvador.
Mr. Bukele is making El Salvador an attractive place for companies and skilled individuals to settle and help build the technology and industrial base that will provide El Salvador prosperity for decades to come.
https://m.primal.net/HZxR.jpg
https://m.primal.net/HZxS.png

2024-01-31 08:47:34

Debt-based growth means we consume scarce resources now at the expense of later...
https://m.primal.net/HZxQ.jpg

2024-01-31 08:47:06

Warring States Period:
Falling dynasty: USD
Warring factions: BRICS currencies
New dynasty: #Bitcoin
https://m.primal.net/HZxP.jpg

2024-01-29 18:37:32

This de-centralisation made restoring 🇬🇧British rule via military means impossible.
Restoring fiat over #Bitcoin is impossible for the same reason.
#note1czf…yg39

2024-01-29 18:36:38

The easiest way to develop your country is to provide freedom to citizens in order to attract skills and capital from places with less freedom.
https://m.primal.net/HZkZ.jpg

2024-01-28 10:55:51

The only vision & strategy of the enemies of revolutionary 🇫🇷 France was to preserve the status-quo, of which they grew fat.
#Bitcoin's Cantillon enemies also defend the status quo because it allows them to grow fat.
https://m.primal.net/HZby.png
https://m.primal.net/HZbz.png

2024-01-28 10:53:40

America was so de-centralised that it didn't matter if the 🇬🇧British captured a town.
🇬🇧Britain had to capture all towns in a territory and keep it occupied b/c as soon as they left the colonists took over again.
This is the power of de-centralisation.
#Bitcoin
https://m.primal.net/HZbw.png

2024-01-28 10:45:53

#Bitcoin art:
A View through Three of the North-Western Arches of the Third Storey of the Coliseum (1815) - Christoffer Wilhelm Eckersberg
https://m.primal.net/HZbv.png

2024-01-27 05:32:32

The gold-standard was an IMPERFECT tool to check governments unproductive over-reach & resulted in amazing civilisational advancements every time it was dominant.
Now we have the PERFECT tool.
#Bitcoin

2024-01-27 05:31:13

"Stand a little less between me and #Bitcoin."
-Diogenes
https://m.primal.net/HZSi.png

2024-01-27 05:27:02

#Bitcoin art:
Bather (1765–1785) - Étienne Maurice Falconet
https://m.primal.net/HZSf.png

2024-01-26 07:28:08

The 🇫🇷French Revolution made 🇫🇷's armies invincible b/c soldiers were intoxicated by the ideas of the Revolution. And so were many enemy soldiers...
The same is happening in the #Bitcoin Revolution. Its ideas intoxicate friends and foes...
https://m.primal.net/HZLv.png

2024-01-26 07:21:05

Every Eurasian nation should be interested in developing land-based trade routes.
The question is how to make that many countries work together?
#Bitcoin
https://m.primal.net/HZLu.png

2024-01-26 07:18:39

In the emerging multi-polar world the 🇺🇸US will act more and more as a rogue state.
Land-based Eurasian trade routes will become extremenly important.
https://twitter.com/BitopiaLand/status/1648738158488453131?s=20

2024-01-25 06:11:17

For the same reason it's going to be impossible for the 🇺🇸US to restore its rule over the Red Sea.
https://twitter.com/BitopiaLand/status/1654872383885328390

2024-01-25 06:10:59

In 1775-1783 🇬🇧 Britain had the strongest navy in the world.
The American colonies were largely self-sufficient, so it was of no use
Eurasian nations should take note if they ever want to be independent from nations with stronger navies.
https://m.primal.net/HZEs.jpg

2024-01-25 06:10:11

Who will be the first to realise #Bitcoin will determine the winner of this Great Power competition?
#US
#China

2024-01-24 19:48:57

Inventions on the gold-standard:
-Steam locomotive (1816)
-Electric motor (1821)
-Analytical engine (1830s)
-Telegraph (1837)
-Sewing machine (1846)
-Vulcanized rubber (1844)
-Photography (1839)
https://m.primal.net/HZBz.jpg

2024-01-24 06:42:25

The Agricultural Revolution started in 🇬🇧Britain in the 17th century & laid the foundation for:
-The Industrial Revolution
-Britain's rise to world dominance
Let's not forget that agriculture is the foundation of every successful nation.
https://m.primal.net/HYxg.png

2024-01-24 06:41:33

Nations can never really trust each other b/c they can never be 100% sure of each other's intentions.
Therefore they can't trust each other's monetary policies.
Trading in #Bitcoin takes away any country's unfair advantage.
https://m.primal.net/HYxf.png

2024-01-24 06:35:18

“Don’t explain #Bitcoin. Embody it.”
- Epictetus
https://m.primal.net/HYxe.png

2024-01-23 08:41:14

As a last and desperate measure the 👑 king's government exponentially inflated the money supply in 1789 and 1790.
Instead of saving the situation, this only made it far worse.
In 1793 the 👑 king (Louis XVI) paid the ultimatre price when he was executed by guillotine.
#note1z60…xdaj

2024-01-23 08:38:10

In the 1780s 🇫🇷 France's & 🇬🇧 Britain's national debt was about the same.
But 🇫🇷 France's interest payments were nearly double. This led to increased taxes which created the public resistance eventually culminating into the storming of the Bastille in 1789.
#Bitcoin could have saved the 👑 king's head.

2024-01-22 06:28:57

"Bad demographics" is supposed to lead to:
1- A decrease in capital to invest
2- A decrease in consumption
This "problem" doesn't exist w/ #Bitcoin:
1- More efficient use of capital
2- Consumption complemented by investments

2024-01-22 06:22:49

This prudent governance made 🇬🇧 British securities attractive to foreign investors and became an important part of the Amsterdam stock market.
Thus laying the foundation of Anglo-Dutch commercial & financial relationships that last until today.
#note1at7…x9sc

2024-01-21 14:22:57

"There are some problems that technology can't solve."
-Nick Bostrom
https://m.primal.net/HYgX.jpg

2024-01-21 14:22:31

The 🇫🇷French state was famous for currency revaluations, repudiations of debt and other arbitrary actions against debt-holders.
This caused it to pay higher and higher rates on its debt.
🇫🇷France needed a #Bitcoin standard!
#note1at7…x9sc

2024-01-20 08:23:56

The Houthi attacks in the Red Sea will speed up the development of cheap land-based trade routes.
Bitcoin adoption for trade will come after BRICS realise the yuan is just as easy to manipulate as the dollar.
https://twitter.com/BitopiaLand/status/1643211200006635520

2024-01-20 08:23:46

"#Bitcoin passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident."
- Arthur Schopenhauer
https://m.primal.net/HYZc.png

2024-01-20 08:21:17

#Bitcoin art:
The union of love and friendship (1793) - Pierre-Paul Prud'hon
https://m.primal.net/HYZb.png

2024-01-19 06:11:43

In the 18th century the port of La Rochelle in 🇫🇷France was competing with the 🇬🇧British ports of Liverpool and Glasgow for trans-Atlantic trade.
It didn't stand a chance. Why?
Unlike its 🇬🇧British counterparts, it was constantly preyed upon by the French 👑 crown looking for new revenue sources.
https://m.primal.net/HYTE.png

2024-01-19 06:02:58

🇬🇧Britain and 🇫🇷France were deadly competitors in the 18th century.
🇬🇧 had one big advantage: its prudent governance allowed it to raise cheaper credit.
🇬🇧 understood the value of the #Bitcoin standard...
https://m.primal.net/HYTD.png

2024-01-19 05:56:14

Ming China persuaded the Jesuits (Christian missionaries) to lend their expertise to help them improve their cannons.
The Ming government immediately established a centralised monopoly & any incentive to further innovate went away.
Decentralisation breeds innovation.
#Bitcoin
https://m.primal.net/HYTC.png

2024-01-18 06:10:27

The Houthis show you don't even need a superior navy to disrupt sea trade.
🇨🇳China's best strategy is to source resources in Eurasia and sell its tech to 🇧🇷Brazil in exchange for 🇧🇷Brazil mined #Bitcoin
(this digital trade cannot be interupted by anyone)
https://twitter.com/BitopiaLand/status/1640376676994433025

2024-01-18 06:10:01

Think of a country's savings % as its collective time-preference.
Is is long-term or short-term focused?
Look at the differences between the geo-political blocks... 👇
https://twitter.com/BitopiaLand/status/1603091953843048453

2024-01-18 06:09:32

🇨🇳 China historically has a very high savings rate.
Savings are the pillar of a country b/c they finance the investments and innovations needed to thrive.
Imagine what 🇨🇳China would be capable of on a #Bitcoin standard...
https://twitter.com/BitopiaLand/status/1603091958469201926

2024-01-17 05:43:33

This free-market mechanism was even extended to arms and war.
Mercenaries were competing for contracts and had to constantly improve themselves.
This gave Europe military superiority.
#note1u5a…8ts0

2024-01-11 05:40:57

This inability of #gold and #silver to cope with increased velocity lead to these market-driven derivatives.
Which were eventually abused (of course!), leading to #fiat currencies.
#Bitcoin combines the best of both worlds.
#note1qad…m8vg

2024-01-11 05:39:01

After the 🇳🇱Dutch rid themselves of centralised Habsburg (Spanish) rule it released an entrepreneurial spirit that was an important main driver of economic growth.
De-centralisation is the way!
#Bitcoin
https://m.primal.net/HXUl.png

2024-01-10 08:35:13

This caused the regimes of Europe to start facilitating and encouraging market economies and thus increase their income.
#note1uew…psgj

2024-01-09 05:51:08

Commerce increased and the medieval seasonal fairs were replaced by permanent centers of exchange.
This required an increase in the velocity of money that #gold and #silver simply couldn't provide.
A problem solved by bills of exchange and notes of credit.
https://m.primal.net/HXEV.jpg
https://m.primal.net/HXEX.png

2024-01-09 05:48:09

Medieval Europe had lords that would plunder merchants. But others wouldn't
Trade always found a way & localities that were too restrictive would lose their income
De-centralisation kept gov's bad behaviour in check & would eventually unleash Europe
#note1yeg…0fqh

2024-01-09 05:47:30

If geography is the most important factor determining a nation's success, #Bitcoin is the most important factor unleashing human creativity to overcome geography.