ABOUT THE BITCOIN ECONOMY
Bitcoin Book
1 – 2 – 3 – 4 – 5 – 6 – 7 –8
THE INFORMATION AGE
MEETS DIGITALLY ENGINEERED MONEY
MONEY BUILT FOR THE INTERNET
CHANGES HUMANITY FOREVER
Sound Money is a human right.
2025 AMERICA IS ADOPTING BTC
3/11/25 USA Bitcoin Policy Institute
The Senator Lummis Bill to buy 1 Million Bitcoin
It’s estimated (no one knows) that only 2-4% of the world’s population owns Bitcoin in 2025. With 7.9 billion people and only 21 million BTC, scarcity plays a crucial role. If evenly distributed, each person would get just 0.0026 BTC. Yet, in 2025, if 4% of the global population – about 350 million people – own Bitcoin, highlighting its early adoption phase. Some folks think there will be 1 billion users of #bitcoin by the end of 2025.”
March 2025 Trump signs order to establish “Strategic Bitcoin Reserve”.
Never sell your #Bitcoin! Imagine this:
1,000 BTC in 2010 = $3
1,000 BTC in 2025 = 65M
Consider simple math:
– 8 billion people
– 21 million Bitcoins available
Every government will be buying #Bitcoin. You better choose your side!
The key point; maintaining a long-term perspective is crucial. As long as an infinite money supply meets a finite BTC supply, there will be no top.
Data from blockchain analytic group Chainalysis reveals that U.S. investors reaped an estimated $4.1 billion in realized gains on bitcoin in 2020. Those investors beat rivals in other countries by miles, with only China coming anywhere close at $1.1 billion. Up roughly 32% so far in 2021, bitcoin surged nearly 300% in 2020 — the best gain for the young alternative asset since an eye-popping rally of 1300% in 2017.
Willy Woo 7/5/2021
Here’s the historical BTC wealth per HODLer over time as seen on-chain:
Oct 2009: 1000 BTC
May 2011: 100 BTC
Jan 2014: 10 BTC
Apr 2019: 1 BTC
Today: 0.69 BTC Taking into account exchange-only users who do not hold their own keys, today’s average BTC wealth is approx 0.25 BTC.
JACK MALLERS: “#Bitcoin is the only monetary instrument in the history of our species whose supply is fixed.”
Alex Gladstein, a humanitarian expert with the Human Rights Foundation.
Defunding the Petro Dollar – BTC fixes this.
Alex Gladstein: While doing research for my essay on the negative externalities of the petrodollar, I learned a huge amount. Much of it was shocking or surprising. Here’s a thread with a few of my favorite bits of insight, with links for further reading
https://twitter.com/gladstein/status/1388207306110689281
My essay “Fighting Monetary Colonialism with Open Source Code”https://bitcoinmagazine.com/culture/bitcoin-a-currency-of-decolonization France controls 15 African nations and 180M+ people through the CFA franc currency. The details are shocking. Can Bitcoin be a way out?
Hodling BTC is a store of value, Investing for 4 years / 10 years / 20 years is considered a risk free store of value.
FIAT RACKETEERS ON WALL STREET
Watch what they do, not what they say: Wall Street #Bitcoin adoption is accelerating
To see the value in #Bitcoin, you need some mix of technological understanding, and economic understanding. You’re not an investor if your longest holding period is less than a year.
Panetta: Central banks are better placed to protect privacy in digital payments: we have no commercial interest in user data and we could ensure that nobody in the payment chain has access to all the information. For small amounts, we could allow anonymous payments.
Panetta: The experimentation done so far gives us a preliminary sense of the pros and cons of different technologies. If the Governing Council gives us the green light in July we will start a formal investigation phase focusing on the design of a digital euro.
The ECB is going to release a shitcoin with basically unlimited supply, no clear distribution patterns and backdoor spy systems to track all your money transfers.
An entity collecting all payment information is a honey pot for hackers and a key turn solution for an authoritarian regime to use that for controlling people by controlling their finances.
Translation:
~ You will need our permission.
~ You will have to trust us.
~ We will surveil your money.
~ We will warehouse your user data.
~ We will freeze your accounts if we feel kike it.
~ We will seize your funds without telling you.
Just trust us.
CIVIC AWARENESS
AND UNDERSTANDING
A Declaration of the Independence of Cyberspace by cyber-activist John Perry Barlow (1947 – 2018)
A Manifesto on the Natural Liberties & the Anti-Sovereignty of Cyberspace from Futurist & The Electronic Frontier Foundation (www.eff.org) co-founder John Perry Barlow.
- 1983 Stallman pioneered the concept of copyleft, which uses the principles of copyright law to preserve the right to use, modify and distribute free software, and is the main author of free software licenses which describe those terms, most notably the GNU General Public License (GPL), the most widely used free software license.
The internet started it was funded by our taxes for the military and used for intelligence then also used by Academics. The university demanded that students buy a computer. Microsoft and Apple got rich because students and the American school districts purchased all the equipment for the citizens in the U.S. and the world followed.
1980s At U of P Jon Postal kept this in his desk drawer.
Early 90’s Dot coms start (ICANN)
1991 The Telecommunications act made the Internet available to the public for the first time and there was no security built into the internet.
From 1991 onwards No One could have imagined what the internet, browsers, programs, applications, security, or finance would be like in 2020s.
In 1990, John Perry Barlow founded the Electronic Frontier Foundation (EFF) with fellow digital-rights activists John Gilmore and Mitch Kapor.
The Internet to him was more than a computer network; he called it an “electronic frontier.” ‘Imagine discovering a continent so vast that it may have no end to its dimensions. Imagine a new world with more resources than all our future greed might exhaust, more opportunities than there will ever be entrepreneurs enough to exploit, and a peculiar kind of real estate that expands with development. Imagine a place where trespassers leave no footprints, where goods can be stolen infinite number of times and yet remain in the possession of their original owners, where business you never heard of can own the history of your personal affairs.'”
Nobody owns the code with “open source” software.
1991 Pretty Good Privacy (PGP) is an encryption program that provides cryptographic privacy and authentication for data communication. PGP is used for signing, encrypting, and decrypting texts, e-mails, files, directories, and whole disk partitions and to increase the security of e-mail communications, developed by Phil Zimmermann
1994 Commerce started on the www but there was no way to sell anything.
1994 Dyson, Gilder, Keyworth, Toffler’s manifesto:
Cyberspace and the American Dream: A Magna Carta for the Knowledge Age.
1994 Netscape Navigator, the browser credited with taking the World Wide Web into the mainstream, was released October 13th 1994.
1995 A book business started in the late 90’s that I am certain you could never have invisioned or imagined what Amazon’s business is like today. Along it’s way, at one point, Amazon lost more than 90% of its value. But long-term investors still got rich! The same will happen with Bitcoin.
1997 Amazon IPO valued at 438 million. 2017 exceeded 150 billion
2/8/1996 John Perry Barlow: A Declaration of the Independence of Cyberspace Davos, Switzerland
1997 Google
1998 Creative Commons precursor project by David A. Wiley, announced the Creative Commons as successor project and Wiley joined as CC director. Aaron Swartz played a role in the early stages of Creative Commons, as did Matthew Haughey.
2001 Creative Commons founded in 2001 by Lawrence Lessig, Hal Abelson, and Eric Eldred with the support of Center for the Public Domain.
2002 Napster was founded by Shawn Fanning and Sean Parker. Initially, Napster was envisioned by Fanning as an independent peer-to-peer file sharing service.
2008 Satoshi Nakamoto and friends wrote the code that perfectly combined security, time, money and the wallets to keep it in for the first time in human history. This changed our perception of money. Satoshi invented a global currency.
2021 A chip maker in Taiwan powers billions of products, from Audis to iPhones. Its dominance leaves the global economy at risk.
BITCOIN IS ART
BITCOIN IS THE INTERSECTION OF INTERNET, CRYPTOGRAPHY AND FINANCE
WHEN SATOSHI (and helpers) CONNECTED ALL THREE TOGETHER WE GOT THE BLOCKCHAIN AND 21 MILLION BITCOIN.
THE WORLD’S PERCEPTION OF MONEY CHANGED AND THAT IS WHAT ART DOES.
That is the definition of ART it will change your perception.
2008 SATOSHI WHITE PAPER WAS RELEASED
Remember this is a long time ago and the Bitcoin developers have been improving the core and adding to to the code this whole time. The great news is that Bitcoin has been tested for 12 years, withstood all challenges, and PROVEN unhackable.
- THE BLOCKCHAIN ‘block chain’ records information on a public database in a chronological way that prevents copying, tampering, fraud or deletion. It’s a new anonymous, decentralised, uncensored internet, and a new way of controlling and storing information.
- THE HALVING
- BITCOIN CORE AND DEVELOPERS
- THE SHORTEST PATH
- THE TAPROOT UPDATE As of block 687284, Taproot signalling has reached 1815 blocks this period, guaranteeing that absent very deep reorgs, it is guaranteed to lock in. Following that, it will activate at block 709632, probably around mid-November 2021. Expands Bitcoin’s smart contract flexibility while offering more privacy.
- THE BITCOIN NETWORK — Encrypted P2P Networks
- DECENTRALIZATION
- THE BITCOIN PROTOCOL
Georgia, a part of the defunct Soviet Union, is becoming a cryptocurrency hub. - MINING POOLS
- RUNNING A BITCOIN NODE
- Merkelized Abstract Syntax Trees which would make smart contracts on Bitcoin more compact.
- BITCOIN IS DIVISIBLE INTO MILLIBITCOINS, BITS AND SATS
BITCOIN IS ENGINEERED TECHNOLOGY THAT CHANGES ECONOMICS
2021 All of our economic theories are based on studies conducting with limited data in the analog age of ink and wood pulp.
All current economic theory will prove about as advanced as cave paintings as we experiment with new economic systems over the coming years. That’s what these new coins are: Micro-economic systems at war. It’s Darwinian economics. With blockchain dominate systems we’ll have real time economic data on a global scale not just a bunch of guesses done with pencil and paper a hundred years ago.
June 29, 2021 Willy Woo
After This Everything Is Going To Change With Bitcoin
