“The ratio of Blackberries to iPhones used to be 100:1, so we are due for a correction and return to the mean.”
— Person who draws lines on charts
Andrew M. Bailey
resistancemoney@resistance.money
npub1yezu...awc7
I’m here to chew bubblegum and talk about bitcoin and I’m all out of bitcoin
A friend was planning a trip to Japan to celebrate some recent wins. The application was complicated, and took significant work.
Visa denied; no reason given.
He'll have to wait six more months before he can apply again. Damn.
Check your passport privilege all.
Why share? Does it connect to my family's troubles with American immigration? Sure. But it's something I care about independently too. My developed world friends are often wildly unaware of how hard it is to travel without a fancy passport. Which is frustrating for everyone else!
People ask how many bitcoins I have. My answer is always the same:
How dare you speak to me?
What is the optimal portfolio of group chats? Some principles:
- Experiment (join many)
- Diversify (cross ideological divides)
- Manage risk with sizing (allocate attention sparingly)
- Let winners ride (engage good ones more)
- Cut losses (mute/exit, if a chat isn't useful)
When you use bitcoin, you're not just empowering yourself. You're joining a network, and empowering others who use it too. All this without the permission or cooperation of authorities.
(excerpt from ‘Resistance Money’, p. 274) 
Many recommend it as an investment. But is bitcoin actually good for the world? What are its costs or benefits? How should we evaluate them? This presentation addresses such questions through the main findings of 'Resistance Money', a recent academic book.
Free Ross
Day One
I have three shirts that display this message. They're in my rotation — 3 out of 7 times you'll see me in a week, I'm in a Free Ross shirt.
Some day, I hope to wear a Free Ross shirt and shake the hand of a free Ross. I would tell him that he was never forgotten.
I'm planning my Spring 2025 travel calendar — January through May. What are some bitcoin events in Europe or North America I should think about attending?
This podcast was special — both because I consider the Crypto Critics Corner fellas friends, and because we were able to dig into a few points of substantive disagreement.
That said three of my mistakes require correction:
1. Sliding between which kind of miracle bitcoin's origin is alleged to exemplify (virgin birth and immaculate conception)
2. Failing to be precise about soft vs. hard forks
3. Wrong date on Patrick McKenzie interview with Tyler Cowen
I’m still mulling over whether the house flipping analogy works in the case of speculators and bitcoin.
Episode:
Video:
Episode 156 – Is Bitcoin good for the world? (feat. Andrew Bailey) – Crypto Critics' Corner
Join us at Princeton University for a discussion of ‘Resistance Money’, on November 4, 4:30-6:30pm. @Bradley Rettler, @Craig Warmke, and I will be there. Will you? 
not a pyramid scheme 
Arch-conservatives and utopian socialists make the same mistake. They have a vision for society; people are tools for carrying it out. There are exactly three known cures: (i) suffering under the boot, (ii) Hayek '45 — and (iii) this curious little poem by D. Friedman. 
my Twitter feed tonight 
Cash is good. Bring back supernotes, and in bigger denominations — $500, $1,000, even $10,000. But for better financial privacy, we need supercoins too, without serial numbers. This is perhaps my most unusual money policy stance: the US should mint $100 and $1,000 coins.
The latest review of Resistance Money is out — this time in The Spectator: 
The Spectator
Does bitcoin fit the definition of good money?
Three philosophers walk into a crypto-currency. Resistance Money: A Philosophical Case for Bitcoin, I’d argue, is a slightly inaccurate title. Me...
immediately implementing a jubilee: closing all browser tabs, marking all messages as read, restarting laptop
It is good to be free.