"Bitcoin isn't backed by anything."
Let me stop you right there.
Bitcoin is backed by energy. Real energy. Kilowatts. Heat. Physics.
The kind of backing you can't print, fake, or vote into existence at an emergency Fed meeting.
Every block mined is a thermodynamic proof of work. Not a promise. Not a policy. Proof.
The issuance schedule has never been amended by a committee. Not once. Not ever. Because there is no committee.
There's just math. Cold, indifferent, and immune to political theater.
The network is secured by more raw computing power than anything humanity has ever built. Hundreds of exahashes per second standing guard. Every single day.
Now let's talk about what is backed by nothing.
The dollar.
It's is backed by confidence. Specifically, confidence in the institution that printed $6 trillion in two years while telling you 3% inflation was healthy and you should be grateful for the soft landing.
In the same people who can't pass an audit.
Who fund wars with a credit card.
Who promise solvency while sitting on $39 trillion in debt and accelerating.
"Backed by nothing" isn't an attack on Bitcoin.
It's a confession about the dollar.
Follow if you're serious about building wealth they can't print away.
Whenever a country blames speculators for its currency depreciation, just go ahead and check the money supply chart.
That always says a thousand words.
NEW: Satoshi Nakamoto's earliest collaborator Martii 'Sirius' Malmi just released their entire email history.
At 120 pages, its the most significant addition to the archives of #Bitcoin's unknown inventor.
Here are the most important new findings ✨
NEW: Satoshi Nakamoto's earliest collaborator Martii 'Sirius' Malmi just released their entire email history.
At 120 pages, its the most significant addition to the archives of #Bitcoin's unknown inventor.
Here are the most important new findings ✨
In April 2011 Gavin Andresen, an early bitcoin developer, told Satoshi Nakamoto he was going to the CIA to give a presentation about bitcoin.
After that Satoshi was never heard from again.
There have been countless articles and books written about bitcoin, but I don't think anyone has managed to describe the concept better than Nakamoto himself did back in February 2009: