SURFACE NARRATIVES
What most people associate with Bitcoin
Price, Volatility, Speculation, Scams Alt Coins/Meme Coins, Crypto Bros, NFTs, Energy Criticism, ETFs
ADOPTION & MARKET STRUCTURE
Why does price behave this way?
Halving, 4-Year Cycles, Economic Bubbles/Gartner Hype Cycle, Network Effects, Rainbow Chart, Power Law, Institutional Demand, Liquidity, Market/Business Cycles, Monetary/Fiscal Policy, Bitcoin Treasuries
BITCOIN AS A MONETARY SYSTEM
Why does Bitcoin work?
Scarcity (21M), Divisibility, Immutability, Permissionless, Open, Borderless, Censorship Resistant, Proof of Work, Difficulty Adjustment, Byzantine Fault Tolerance, Double Spend Problem, Counterparty Risk, Self-Custody, 2nd & 3rd layer scaling solutions
TECHNOLOGY & SECURITY
How does it work without trust?
P2P, Distributed Ledger, Blockchain, Nodes, Mining, ASICs, Hash Rate, Encryption/SHA-256, Elliptic Curve, Consensus, Software/Hardware Wallets, Private/Public Keys, Seed Phrase, Multisig, Smart Contracts
HISTORY OF BITCOIN
Why was Bitcoin designed this way?
Encryption, Cypherpunks, Digital Scarcity, DigiCash, eGold, Bit Gold, Hashcash, Satoshi, Whitepaper, Genesis Block, Hal Finney, Pizza Day, Wikileaks, Silkroad, MtGox, Blocksize Wars, China Mining Ban, FTX, Ordinals, El Salvador, Core vs. Knots
HISTORY OF MONEY & INCENTIVES
Why is Bitcoin inevitable?
Evolution of Money: Collectable, Store of Value, Medium of Exchange, Unit of Account Monetary
Properties: Scarce, Durable, Portable, Verifiable, Fungible, Divisible, Acceptable Hard Money/Fiat, Gold Standard, Central Banks, World Reserve Currency, Inflation, Exec Order 6102, Bretton Woods, WIF happened in 19712, Triffin Dilemma, Debt Cycles, IMF & World Bank
CIVILIZATIONAL IMPLICATIONS
Why does this matter long term?
Self-Custody/Monetary Sovereignty, Game Theory, Hard Money, Nation State Adoption, Stranded Energy, Energy Money, Low Time Preference Society, Lindy Effect, Antifragile, Freedom Money, Neutral Base Layer, Open Source Governance
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