Gradually, Then Suddenly

Parker Lewis

#1 – Gradually, Then Suddenly

July 26, 2019 (Added January 4, 2020)

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

#2 – Bitcoin Can't Be Copied

August 2, 2019 (Added January 4, 2020)

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

August 9, 2019 (Added January 4, 2020)

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

August 16, 2019 (Added January 4, 2020)

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

August 23, 2019 (Added January 4, 2020)

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

August 30, 2019 (Added January 4, 2020)

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

September 6, 2019 (Added January 4, 2020)

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

September 27, 2019 (Added January 4, 2020)

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

October 18, 2019 (Added January 4, 2020)

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

#10 – Bitcoin Cannot Be Banned

November 8, 2019 (Added January 4, 2020)

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

November 29, 2019 (Added January 4, 2020)

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.

#12 – Bitcoin Obsoletes All Other Money

January 24, 2020 (Added March 3, 2020)

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

#13 – Bitcoin is a Rally Cry

March 26, 2020 (Added April 10, 2020)

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.

#14 – Bitcoin is Common Sense

May 1, 2020 (Added May 23, 2020)

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

#15 – Bitcoin is One for All

August 27, 2020 (Added October 10, 2020)

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.

#16 – Bitcoin is the Great Definancialization

December 19, 2020 (Added January 9, 2021)

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