Britain was the first to adopt a modern gold standard in 1717, under the direction of Isaac Newton El Salvador was the first to adopt #Bitcoin as legal tender in 2021 Buy "The #Bitcoin Standard" on Amazon using

Hard money - supply is hard to increase Easy money - supply is amenable to large increases Buy "The #Bitcoin Standard" on Amazon using

For Mises (Ludwig von Mises), the absence of control by government is a necessary condition for the soundness of money, seeing as government will have the temptation to debase its money whenever it begins to accrue wealth as savers invest in it

In other words, #Bitcoin relies on economic incentives, making fraud far costlier than its rewards Get smarter, buy "The #Bitcoin Standard" on Amazon using

Hashing in essence allows identifying a piece of data in public without revealing anything about that data, which can be used to securely and trustlessly see if multiple parties have the same data Get smarter, buy "The #Bitcoin Standard" on Amazon using

Of the most persistent characteristics of money historically are: - fungibility - any unit of money is equivalent to any other unit - liquidity - ability of the owner to sell quickly at market price

Switzerland and Sweden remained neutral in WWI and remained on a gold standard into the 1930s Buy "The #Bitcoin Standard" on Amazon using

We can understand money's hardness through understanding two distinct quantities related to the supply of a good: 1) the stock (existing supply) - everything produced - everything consumed/destroyed 2) the flow - the extra production that will be made in the next time period

The financial decisions of people also reflect on all other aspects of their personality, engendering a high time preference in all aspects of life:

Salable in time = Store of Value (SoV) Salable in space = Easy to send everywhere Salable in scale = Divisibility Get smarter, buy "The #Bitcoin Standard" on Amazon using

Salability - the ease with which a good can be sold on the market whenever its holder desires, with the least loss in price Buy "The #Bitcoin Standard" on Amazon using

Trying out @zksync 2.0 zkEVM! https://t.co/63IkVAwE4r Send some test tokens for 0x1c79ab57f57f099fab50.

#Bitcoin - secured by code and math, highly decentralized, limited supply, increases in value FIAT - controlled by the governments, centralized, unlimited supply, decreases in value Get smarter, buy my crypto investing ebook here:

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Long term investment tips: 1) Only risk what are you able to lose 2) Invest in the things you understand 3) Diversify between narratives 4) Create a plan and stick to it 5) Adapt 6) Avoid being emotional - buying green and selling red 7) Be patient and understand market cycles

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Network architectures: Centralized - nodes connect to a central server, which is the agent for all communications between them Decentralized - nodes communicate directly with each other without the use of a central server

Crypto mistakes: You leave your coins on exchanges. Exchanges are huge targets for hackers and are always at risk. Also, the exchange controls your money. Remember: not your keys, not your coins Get smarter, buy my crypto investing ebook here:

Technology always finds its way: Letter -> Fax -> E-mail Radio -> TV -> Live streaming Gold -> FIAT -> Crypto Get smarter, buy my crypto investing ebook here: https://t.co/gj2xaJTa2g #Bitcoin

Five pillars of a blockchain: 1) Open 2) Public 3) Neutral 4) Borderless 5) Censorship resistant