Gradually, Then Suddenly

“Bitcoin exists as a solution to the money problem that is global QE.”

“Those that attempt to copy bitcoin signal a failure to understand the properties that make bitcoin valuable or viable as money.”

“Volatility in bitcoin is the natural function of monetary adoption and this volatility ultimately strengthens the resilience of the bitcoin network, driving long-term stability. Variation is information.”

“Put a price on economic stability and the economic freedom a stable monetary system provides; that is the true justification for the amount of energy bitcoin should and will consume. Everything else is a distraction.”

“If a global financial system is to be built on a decentralized monetary system, the foundation must be protected at all cost.”

“Could the whole apparatus of central bank policy be the root cause of the problem rather than the ever-elusive solution?”

“Every other fiat currency, commodity money or cryptocurrency is competing for the exact same use case as bitcoin whether it is understood or not, and monetary systems tend to a single medium because their utility is liquidity rather than consumption or production.”

“Ultimately, bitcoin is backed by something, and it’s the only thing that backs any money: the credibility of its monetary properties.”

“[Bitcoin] will only proliferate if it creates utility for those that adopt it.”

“Banning bitcoin is a fool’s errand. Some will try; all will fail. And the very attempts to ban bitcoin will accelerate its adoption and proliferation.”

“We accept the good with the bad, recognizing that due to the very nature of bitcoin, we do not get to decide. There are always trade-offs, and in this case, that bitcoin will unavoidably be used for illicit purposes is the trade-off we gladly accept in exchange for the economic stability that an unmanipulable global currency will provide.”

“Bitcoin obsoletes all other money because economic systems converge on a single currency, and bitcoin has the most credible monetary properties.”

“No matter how many cycles of quantitative easing the Fed and its global counterparts have in their bag of tricks, bitcoin is inevitably becoming a rallying cry for all those that see the train wreck coming and are unwilling to stand idly by.”

“There may be debate but bitcoin is the inevitable path forward. Time makes more converts than reason.”

“Whereas the dollar (and other fiat currencies) are one for a few in the short-term and all for none in the long-term, bitcoin is one for all, now and in the future, because it fixes the economic foundation for everyone.”

“What that future looks like exactly, no one knows, but bitcoin will definancialize the economy, and it will no doubt be a renaissance.”