Gradually, Then Suddenly

Parker Lewis

#1 – Gradually, Then Suddenly

January 4, 2020 (Originally published July 26, 2019)

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

#2 – Bitcoin Can't Be Copied

January 4, 2020 (Originally published August 2, 2019)

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

#3 – Bitcoin is Not Too Volatile

January 4, 2020 (Originally published August 9, 2019)

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.

#4 – Bitcoin Does Not Waste Energy

January 4, 2020 (Originally published August 16, 2019)

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.

#5 – Bitcoin is Not Too Slow

January 4, 2020 (Originally published August 23, 2019)

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

#6 – Bitcoin Fixes This

January 4, 2020 (Originally published August 30, 2019)

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

#7 – Bitcoin, Not Blockchain

January 4, 2020 (Originally published September 6, 2019)

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.

#8 – Bitcoin is Not Backed by Nothing

January 4, 2020 (Originally published September 27, 2019)

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

#9 – Bitcoin is Not a Pyramid Scheme

January 4, 2020 (Originally published October 18, 2019)

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

#10 – Bitcoin Cannot Be Banned

January 4, 2020 (Originally published November 8, 2019)

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.

#11 – Bitcoin is Not for Criminals

January 4, 2020 (Originally published November 29, 2019)

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.