Anil
anil@bitcoinnostr.com
npub14hn6...a32x
teaching #bitcoin
Announcing this 1 day early here on Nostr.
The Bitcoin Handbook is a collection of key concepts for understanding the most significant monetary innovation of the century.
And it's now available in hardcover for the very first time.
With a foreword graciously written by Jeff Booth, the book spans the fields of economics, technology, and psychology.
I hope it can earn a place on your bookshelf.
Amazon: a.co/d/5wDCLvT
⚡: bit.ly/3Ayy3Hm
The Bitcoin Handbook is a collection of key concepts for understanding the most significant monetary innovation of the century.
And it's now available in hardcover for the very first time.
With a foreword graciously written by Jeff Booth, the book spans the fields of economics, technology, and psychology.
I hope it can earn a place on your bookshelf.
Amazon: a.co/d/5wDCLvT
⚡: bit.ly/3Ayy3Hm
My latest book has a fresh title and is finally being released in hardcover thanks to Konsensus Publishing.
"The Bitcoin Handbook: Key Concepts in Economics, Technology, and Psychology"
It's a collection of what I believe to be the most useful heuristics, frameworks and phenomena for making sense of bitcoin.
Pre-oder today (⚡️accepted):
The Bitcoin Handbook - Anil Patel | Konsensus Network | Bitcoin Bookshop
Explore the fundamental concepts of Bitcoin in The Bitcoin Handbook. With 55 key concepts organized from economics to technology and psychology, th...
The Bitcoin Standard by Saifedean Ammous is one the most helpful books in exploring the relationship between the soundness of money & time preference.
“Sound money is chosen freely on the market for its salability, because it holds its value across time, because it can transfer value effectively across space, and because it can be divided and grouped into small and large scales..”
“One of the prime functions of the monetary unit is to serve as the unit of measure for economic goods, whose value is constantly changing.
A theoretically ideal money would be one whose supply is fixed..”
“[It’s] supply cannot be manipulated by a coercive authority that imposes its use on others.”
“Unsound money, being controlled by central banks whose express mission is to keep inflation positive, will offer little incentive for holders to keep it, as they become more likely to spend it or to borrow it." 
Sound money "gives people a bigger incentive to think of their future..
[because] the wealth stored into it would not depreciate over time, incentivizing people to save.
Sound money is a prime factor in determining individual time preference: the ratio at which individuals value the present compared to the future.
Because humans do not live eternally...there is always a discount on the future compared to the present."
“Human beings' lower time preference allows us to curb our instinctive and animalistic impulses, think of what is better for our future, and act rationally rather than impulsively.”
Determinants of Time Preference:
1. Security of person (exposure to conflict or violence)
2. Security of property (exposure to criminal theft or govt expropriation)
3. Tax rates (does it incentivize working more or less at the margin?)
4. Expected future value of money (will it hold its value?)
The essence of investment: "as humans delay immediate gratification, they invest their time and resources in the production of capital goods which will make production more sophisticated or technologically advanced and extend it over a longer time‐horizon..
The fisherman who builds a fishing rod is able to catch more fish per hour than the fisherman hunting with his bare hands. But the only way to build the rod is to dedicate an initial amount of time to work that does not produce edible fish, but instead produces a fishing rod.."
“A society in which individuals bequeath their children more than what they received from their parents is a civilized society: it is a place where life is improving, and people live with a purpose of making the next generation’s lives better.”
“Sound money is chosen freely on the market for its salability, because it holds its value across time, because it can transfer value effectively across space, and because it can be divided and grouped into small and large scales..”
“One of the prime functions of the monetary unit is to serve as the unit of measure for economic goods, whose value is constantly changing.
A theoretically ideal money would be one whose supply is fixed..”
“[It’s] supply cannot be manipulated by a coercive authority that imposes its use on others.”
“Unsound money, being controlled by central banks whose express mission is to keep inflation positive, will offer little incentive for holders to keep it, as they become more likely to spend it or to borrow it."
Sound money "gives people a bigger incentive to think of their future..
[because] the wealth stored into it would not depreciate over time, incentivizing people to save.
Sound money is a prime factor in determining individual time preference: the ratio at which individuals value the present compared to the future.
Because humans do not live eternally...there is always a discount on the future compared to the present."
“Human beings' lower time preference allows us to curb our instinctive and animalistic impulses, think of what is better for our future, and act rationally rather than impulsively.”
Determinants of Time Preference:
1. Security of person (exposure to conflict or violence)
2. Security of property (exposure to criminal theft or govt expropriation)
3. Tax rates (does it incentivize working more or less at the margin?)
4. Expected future value of money (will it hold its value?)
The essence of investment: "as humans delay immediate gratification, they invest their time and resources in the production of capital goods which will make production more sophisticated or technologically advanced and extend it over a longer time‐horizon..
The fisherman who builds a fishing rod is able to catch more fish per hour than the fisherman hunting with his bare hands. But the only way to build the rod is to dedicate an initial amount of time to work that does not produce edible fish, but instead produces a fishing rod.."
“A society in which individuals bequeath their children more than what they received from their parents is a civilized society: it is a place where life is improving, and people live with a purpose of making the next generation’s lives better.”
RIP paid ads
"Don't criticize what you can't understand."
—Bob Dylan
What Johannes Gutenberg and Satoshi Nakamoto unleashed would prove to have ramifications far greater than anyone could have imagined at the respective time.
Their information-freeing innovations challenged stale and burdensome institutions, ripe for grass-roots disruption.
This presentation deck is 112 slides of pure first principles. It's an essential resource for educating others about bitcoin. I put 100's of hours into it.
And it's now free for anyone and everyone.
PV🤙
Gumroad
The Bitcoin Handbook (eBook)
A collection of the most helpful frameworks, mental models, and heuristics for making sense of money in the Digital Age.Over the years I’ve creat...
Bitcoin is kind of a big deal.
bitcoin enables the transmission of value at speed, size, and scale never before witnessed by humans
Don't trust, verify.
Greater fidelity.
Greater finality.
Greater certainty.
So good, it sells itself.
Both are just a bunch of 1's and 0's.
But only one is money.
Bitcoin demands humility.
Protect yourself against the oncoming storm.
Money with integrity attracts people with integrity.
Disruptive technologies can come to define a generation.
Children born today will never know a world without bitcoin.
Money that has no cost to produce will be produced ad infinitum.
