I often reflect on this Hayek quote when thinking about Bitcoin and self custody. It is more work, but that is the burden of liberty, the cost of free money.

Getting some serious pre-teen calculator nostalgia from the timechain today...nice

My personal favorite quote from Hayek. Very relevant today as we continue to see bank collapses, inflation, and economic boom and bust cycles that are directly tied to centrally planned Federal Reserve policy. Be wary of organizations that rely on "smart" people making decisions for the rest of us. Individuals are wildly unique, with different values and truths that ultimately drive human action. Emergent phenomena always win. Bitcoin understands this. Decentralized information shared across nodes, changed via consensus, trusting no authority.

There are people that were early to Bitcoin, and then there are people that were EARLY. Milton Friedman nailed it in 1999!

Humbling to think about how these new technologies stand on the shoulders of giants. Thanks to the OG Cypherpunks.

“The ultimate ends of the activities of reasonable beings are never economic. Money is one of the greatest instruments of freedom ever invented by man.” ― FA Hayek, The Road to Serfdom

“Liberty not only means that the individual has both the opportunity and the burden of choice; it also means that he must bear the consequences of his actions and will receive praise or blame for them. Liberty and responsibility are inseparable.” - FA Hayek, The Constitution of Liberty

“I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something they can’t stop.” FA Hayek