One of the first Bitcoin Maximalist-type quotes from Mises I came across that Bitstein shared a few years back: "There would be an inevitable tendency for the less marketable of the series of goods used as media of exchange to be one by one rejected until at last only a single commodity remained, which was universally employed as a medium of exchange; in a word, money.” - From his book ‘The Theory of Money and Credit’

Just realised that @Pierre Rochard and @Bitstein had a very accurate understanding of Bitcoin from an Austrian perspective as early as 2013. Massive respect to them 🫡

Using something as a store of value is the same as using it as a medium of exchange. Just that value is transferred from one point in time to another. Don't let bad economic theories and ideas convince you into not doing one of the most important things in life: saving. Saving is using.

I suspect that the idea of a 'demographic dividend' is the new favourite among economists to convince the public of their big government policy recommendations Same old interventionist ideas repackaged

Understanding value, action, ends, means, capital, labour, prices, time preference, interest rates, entrepreneurship, uncertainty, risk, money and catallactics in a 'value-free manner' can be very useful, no matter what you do for a living. 'Value-free manner' here means that you learn about them without taking political, cultural, empirical, idealogical, personal, legal, religious or moral positions. It can be very rewarding and potentially life-changing.

Sats flow > Cash flow

Saifedean's talk about Tether is great I start thinking something is bad for Bitcoin and become very confident about it. In comes some Bitcoiner to tell me why its actually good for Bitcoin. I'm running out of bearish scenarios