The beauty of bitcoin is the simplicity of its design.
There will only ever be 21 million bitcoin.
Blocks come in every ~10 minutes.
The difficulty adjusts every 2,016 blocks.
The block subsidy gets cut in half every 210,000 blocks.
Blockspace is limited.
A transaction must be valid to get included in a block.
In a hyper-financialized and centrally planned global economy bitcoin's simplicity is counterintuitive.
"Monetary systems are complex. It can't be this easy."
Not only CAN money be simple, but it SHOULD be simple. We've been brought up in a counterproductive centralized system and humanity has succeeded in many areas in spite of the central planners.
Imagine what we'll be able to do when the central planners are replaced with a simple, neutral and incorruptible permissionless monetary network. Those who abide by and adapt around bitcoin's simple rule set will be able to coordinate economic activity with orders of magnitude more certainty than they have today.
No more guessing about what the Fed will do, how much debt the Treasury plans on issuing or whether or not capital controls will be turned on like a light switch.
That all goes away under a Bitcoin Standard.
Keep it simple, stupid.
Replies (30)
No more VCs working their way up the fiat ladder, selling their souls, and enriching themselves. 😎👍🏻
To the chagrin of those who are paid to keep it complicated.
bUt wHaT iS iTs uTiLIty
Only if it's not turned into an unwieldy database
It is an elegant solution.
The Divine Masculine Principle providing and giving me structure, foundation, stability, reliability, benevolent protection, safety, generous unconditional love, care and support. Thank you, Bitcoin 🥰🙏🏻🕊️🌠❤️🔥🧿
Marty Bent
The beauty of bitcoin is the simplicity of its design.
There will only ever be 21 million bitcoin.
Blocks come in every ~10 minutes.
The difficulty adjusts every 2,016 blocks.
The block subsidy gets cut in half every 210,000 blocks.
Blockspace is limited.
A transaction must be valid to get included in a block.
In a hyper-financialized and centrally planned global economy bitcoin's simplicity is counterintuitive.
"Monetary systems are complex. It can't be this easy."
Not only CAN money be simple, but it SHOULD be simple. We've been brought up in a counterproductive centralized system and humanity has succeeded in many areas in spite of the central planners.
Imagine what we'll be able to do when the central planners are replaced with a simple, neutral and incorruptible permissionless monetary network. Those who abide by and adapt around bitcoin's simple rule set will be able to coordinate economic activity with orders of magnitude more certainty than they have today.
No more guessing about what the Fed will do, how much debt the Treasury plans on issuing or whether or not capital controls will be turned on like a light switch.
That all goes away under a Bitcoin Standard.
Keep it simple, stupid.
View quoted note →
₿ is simple 🤷♂️🧡
Cool thing about 2016 blocks difficulty adjustment, it’s 6102 backwards… a wink and a nod to executive order 6102.
Good bye fiat command economy.
KISS
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The world is healing 🧡
At the beginning it was only coin that own is own value, then some clever people created paper money, checks, bank account, credit cards, that relies on nothing (or only on some few value like gold).
Bitcoin is a proof of work, it means it has a value, a power and time used, that explain his value. But some clever people create extra data to put something more in the blockchain than the "money" transaction ...
Do you get the point ?
Genius in its simplicity…
nevent1qqst0xrs0kqqwpdh0kdkddzhnq80fflw7zsw4zhucz0acuzfvuz3knqpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgf4vpmj
Damn right
Marty Bent
The beauty of bitcoin is the simplicity of its design.
There will only ever be 21 million bitcoin.
Blocks come in every ~10 minutes.
The difficulty adjusts every 2,016 blocks.
The block subsidy gets cut in half every 210,000 blocks.
Blockspace is limited.
A transaction must be valid to get included in a block.
In a hyper-financialized and centrally planned global economy bitcoin's simplicity is counterintuitive.
"Monetary systems are complex. It can't be this easy."
Not only CAN money be simple, but it SHOULD be simple. We've been brought up in a counterproductive centralized system and humanity has succeeded in many areas in spite of the central planners.
Imagine what we'll be able to do when the central planners are replaced with a simple, neutral and incorruptible permissionless monetary network. Those who abide by and adapt around bitcoin's simple rule set will be able to coordinate economic activity with orders of magnitude more certainty than they have today.
No more guessing about what the Fed will do, how much debt the Treasury plans on issuing or whether or not capital controls will be turned on like a light switch.
That all goes away under a Bitcoin Standard.
Keep it simple, stupid.
View quoted note →
Nice
It's so simple that you have to be stupid to see it.....
Or wait?
yes yes yes!
Great summary!
Beautiful explanation
View quoted note →This is the future I pray for
If the purpose of money is simple to understand then any complexity is a scam.
Wonderful summary!
Bitcoin is a Protocol.
K.I.S.S. is a Principle.
Amen
U don’t think money has any utility?
/sarcasm
If you spend anytime arguing with shitcoiners (don't recommend), then you will encounter this argument.
I see the number of 21 everywhere why?
