CK

Day 106 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

What makes #Bitcoin ungovernable is exactly what makes it trustworthy.

(Today: pages 271–272)

As we reach the end of the book, a big thank you to

writing ‘The Bitcoin Standard’ and to everyone who joined along for the reading journey.

We made it to the finish line before Dec 21, at just 2.5 pages a day.

Hard money rewards patience.

Day 104 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

For most uses, blockchain adds cost and complexity without benefit. Only removing intermediaries makes the trade-off worthwhile.

(Today: pages 266–268.5)

Day 105 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Immutability and irreversibility are features of sound money, but liabilities everywhere else.

(Today: pages 268.5–270)

Day 103 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Without a native currency, blockchain is just a slower database.

(Today: pages 263.5–265)

Day 102 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Bitcoin’s inefficiency is the feature. Only by removing trust is the cost of decentralization worth paying.

(Today: pages 261–263.5)

Day 101 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

A blockchain is only useful when it replaces trust. Otherwise it’s just a slow, costly database.

(Today: pages 258.5–260)

Day 100 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Decentralization is expensive and only justified when it removes trust.

(Today: pages 256–258.5)

Day 99 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Human-led currencies can’t be neutral. #Bitcoin’s decentralization is its entire edge.

(Today: pages 253.5–255)

Day 98 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Shitcoins can copy #Bitcoin’s code, but not its decentralization. Without true independence, they can’t compete as sound money.

(Today: pages 251–253.5)

Day 97 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Bitcoin survives every attack because demand for freedom keeps rising. Only better money could replace it.

(Today: pages 248.5–250)

Day 96 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Bitcoin has no single point of failure. Shutting down the internet won’t kill it, and rising node costs remain its only serious long-term technical threat.

(Today: pages 246–248.5)

Day 95 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

A 51% attack is technically possible but economically self-destructive. Hardware attacks are feasible too, but Bitcoin’s decentralization makes them hard to pull off at scale.

(Today: pages 243.5–245)

Day 94 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Bitcoin is extremely hard to hack. The costs of fraud keep rising while the incentives to protect the network grow stronger.

(Today: pages 241–243.5)

Day 93 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Bitcoin isn’t ideal for criminals. Its public, permanent ledger makes most crime easier to trace, not harder.

(Today: pages 238.5–240)

Day 92 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Is anyone else reading The Bitcoin Standard with me?

(Today: pages 236–238.5)

Day 90 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Bitcoin grows stronger through criticism and attacks.

(Today: pages 231–233.5)

Day 89 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Bitcoin grows stronger under pressure. Every failed attack reinforces its immutability.

(Today: pages 228.5–230)

Day 88 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

#Bitcoin’s rules hold because holders refuse to follow anything they don’t trust.

(Today: pages 226–228.5)

Day 87 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

#Bitcoin’s stability comes from voluntary consensus. Change the rules, and the network leaves you behind.

(Today: pages 223.5–225)

Day 86 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Bitcoin survives because honesty is cheaper than attacking it and no one can change it without global consensus.

(Today: pages 221–223.5)

Day 85 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Proof-of-work makes attacking #Bitcoin economically pointless.

(Today: pages 218–220)

Day 84 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Bitcoin’s value emerges from spontaneous order and proof-of-work secures it without trust or intermediaries.

(Today: pages 216–218.5)

Day 83 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Still no sign of fellow readers?

(Today: pages 213.5–215)

Day 82 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Is anyone else reading the book with me?

(Today: pages 211–213.5)

Day 81 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

The future reserve currency for a free, digital world.

(Today: pages 208.5–210)

Day 80 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Bitcoin is borderless, permissionless, and free of counterparty risk.

(Today: pages 206–208.5)

Day 79 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Bitcoin was born from the cypherpunk dream money beyond control.

(Today: pages 203.5–205)

Day 78 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Sound money made unconfiscatable, unstoppable, and global.

(Today: pages 201–203.5)

Day 77 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

For the first time, individuals can hold wealth beyond the reach of any state.

(Today: pages 198.5–200)

Day 76 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Now, for the first time, we have a scarce digital good: Bitcoin.

(Today: pages 196–198.5)

Day 75 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Human time is the only truly limited resource. Everything else expands with ingenuity and work.

(Today: pages 193.5–195)

Day 74 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Bitcoin runs on three pillars: hashing, cryptography, and peer-to-peer networks. No rulers. No intermediaries. Just math, keys, and shared truth.

(Today: pages 191–193.5)

Day 73 📖 #ALLINBITCOINBookClub The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Volatility is the price of independence. Bitcoin’s supply never bends to demand and that’s what makes it hard money. As the market grows and liquidity deepens, the waves will calm.

(Today: pages 188–190)

Day 72 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Hard money, scaling through trustless growth. Every block is a record of value moved, verified, and secured by math.

(Today: pages 185.5–187)

Day 71 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Bitcoin can’t print more to meet demand, so price adjusts instead. A monetary network growing by choice, not decree.

(Today: pages 183–185.5)

Day 70 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard— 2.5 pages/day until Dec 21 🎄

While fiat supply explodes, Bitcoin’s growth slows.

(Today: pages 180.5–182)

Day 69 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Governments could never resist printing more. Bitcoin simply doesn’t let them.

(Today: pages 178–180.5)

Day 68 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

“Bitcoin is the first example of a new form of life.” - Ralph Merkle

(Today: pages 175.5-177)

Day 67 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard— 2.5 pages/day until Dec 21 🎄

From Rai stones to satoshis money evolved from physical weight to digital truth. 21 million coins. 100 million sats each. Accessible to anyone, anywhere.

(Today: pages 173-175.5)

Day 66 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Money lost its soul when we moved from gold to paper and from paper to trust. Bitcoin restored it by removing the middleman.

No permission. No inflation. No ruler to obey.

(Today: pages 170.5 – 172)

Day 65 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Bitcoin is the first verifiably scarce digital object. Digital cash without permission.

(Today: pages 168–170.5)

Day 64 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard by

— 2.5 pages/day until Dec 21 🎄

Market discipline replaces office politics and your future stops depending on the whims of bureaucrats and printers.

Bitcoin is the only digital money that works.

(Today: pages 165.5–167)

Day 63 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

In fiat economies failure gets funded.

When capital is allocated by central banks instead of customers, the worst firms thrive. Bureaucrats lend by checklist, not insight. Junk food beats home-cooked meals. And office politics becomes a full-time job.

Sound money builds.

(Today: pages 163–165.5)

Day 62 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Sound money punishes failure. Fiat rescues it. No skin in the game = no real banking.

(Today: pages 160.5–162) Still time to catch up. 5 pages a day.

GM, Day 58 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Sound money restrains government. Fiat empowers tyrants. Every modern dictator, from Lenin to Hitler to Mao, used unsound money to fund mass murder.

(Today: pages 150.5–152)

GM, Day 57 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

19th century wars were limited by taxation and gold. 20th century wars, fueled by fiat, became total wars. Deadlier, longer, and perpetual.

(Today: pages 148–150.5)

GM, Day 55 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Appreciating money lowers time preference: people save, invest, and think long-term. Fiat’s depreciation does the opposite: chasing returns, risky projects, and malinvestment.

(Today: pages 143.5–145)

GM. Day 51 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

Devaluation ≠ prosperity. It impoverishes locals, subsidizes foreigners, kills competitiveness. Wealth came from strong currencies — Germany, Japan, Switzerland.

(Today: pages 131–133)

GM. Day 50 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day 🎄

Floating exchange rates = quicksand. Devaluation ≠ strength — it just discounts your economy.

(Today: 129.5–131)

GM. Day 49 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day 🎄

Gold anchored trade. Fiat = “Monetary Nationalism.” Politics replaced stability.

(Today: 127–129.5)

Day 48 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

The Fed didn’t save 1929. It caused the bubble and fueled the collapse. Fiat = distortions.

📖 New section: Sound Basis for Trade → sound money made global trade seamless, fiat broke it.

(Today: pages 124.5–126)

Day 47 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages/day until Dec 21 🎄

1920–21: sharp depression, fast recovery, gov’t stepped back. 1929: Fed expansion → bubble, collapse, Great Depression.

(Today: pages 122–124.5)

GM. Day 45 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

Fiat rates = 120 houses promised with 100 bricks. Malinvestment → collapse → recession.

(Today: pages 117–119.5)

GM Day 44 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

Low rates = fake capital abundance → malinvestment → collapse → recession.

(Today: pages 114.5–116)

Day 43 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

Sound money: savings → loans → real growth. Fiat money: banks print → bubbles → crises.

(Today: pages 112–114.5)

GM Day 42 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

No prices = no knowledge. Surveys ≠ trade-offs. Capitalism is entrepreneurship, not management.

(Today: pages 109.5–111)

Day 41 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard by @saifedean — 2.5 pages a day until Dec 21 🎄

Prices = information. No planner can replace them. Without prices, socialism collapses.

(Today: pages 107–109.5)

Day 40 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard by

- 2.5 pages a day until Dec 21 🎄

Hard money built Rome. Debasement destroyed it.

📖 New Chapter 6: Capitalism’s Information System Hayek: knowledge is decentralized. Prices carry more wisdom than any central planner.

(Today: pages 104–106)

GM, Day 39 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

Sound money art = mastery & endurance. Fiat art = subsidies & shock value.

(Today: pages 101.5–103)

Day 38 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

Sound money = cathedrals & symphonies. Easy money = shock value & noise.

(Today: pages 99–101.5)

Day 37 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

Sound money → electricity, cars, planes, modern medicine. Fiat money → tweaks & marketing.

(Today: pages 96.5–98)

Day 36 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

Fiat breaks families & fuels short-termism. Sound money builds families & sparks innovation.

(Today: pages 94–96.5)

➡️ Could Bitcoin kickstart a new golden age?

Day 35 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

Keynes: prosperity = spending. Austrians: prosperity = saving + investing.

Debt can mask decline for a while, but never build the future.

(Today: pages 91–93)

Day 34 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

Sound money = saving, building, stability. Unsound money = borrowing, spending, debt.

46 years of fiat: savings down, debts exploding.

(Today: pages 88–90)

Day 33 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

Gold: stable for centuries. Fiat: lost 97–98% of its value since 1971. Bitcoin: fixed supply, incorruptible.

(Today: pages 85–87)

Day 32 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

Gold was close. Fiat is broken. Bitcoin is the ideal: fixed supply, no inflation.

(Today: pages 82.5–84)

Day 31 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

Sound money builds peace & cooperation. Fiat breeds debt & short-termism.

(Today: pages 80–82.5)

Day 30 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

The biggest economic decisions? Not in markets. Not in governments. But in our daily trade-offs with our future self.

(Today: pages 77.5–79)

GM Day 29 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

Harry eats today. Linda invests for tomorrow. Her descendants prosper.

Low time preference builds civilizations.

(Today: pages 75–77.5)

➡️ Has Bitcoin changed your time preference?

Day 28 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard by https://blossom.primal.net/3e5cc65ff69f83c5e04050aa012378c7d32d769489c693ca7489a18199367762.jpg

— 2.5 pages a day until Dec 21 🎄

Friedrich Hayek in 1984: “We can’t take money out of governments’ hands violently. All we can do is introduce something they can’t stop.”

📖 New Chapter 5: Money and Time Preference Saifedean shows how sound money lowers time preference: it encourages saving, long-term planning, and cooperation. The very foundations of human progress.

(Today: pages 72–74)

Day 27 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

Mises: Sound money is what the market freely chooses. Fiat: money chosen by the state. Obedience rewarded, liberty eroded.

(Today: pages 69–71)

Day 26 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

56 episodes of hyperinflation since WWI. Wage earners crushed. Insiders enriched. Central banks still hoard gold.

(Today: pages 67–69.5)

Day 25 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

Hyperinflation = more than lost savings. It destroys trade, collapses economies, and fuels tyranny. Weimar Germany proved it.

(Today: pages 65–67)

Day 24 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

1971: $600B M2 → Today: $12T Gold: $35/oz → $1,200+/oz Fiat = slow-motion hyperinflation.

(Today: pages 62–64)

Day 23 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

1971: Nixon ends gold convertibility. The dollar becomes fiat — the world follows.

(Today: pages 59.5–61)

Day 19 📖 #ALLINBITCOINBookClub Reading The Bitcoin Standard — 2.5 pages a day until Dec 21 🎄

1933: Roosevelt bans private gold ownership. $20.67/oz → $35/oz overnight. 41% devaluation.

(Today: pages 49.5–51)

Day 1 of #ALLINBITCOINBookClub 📖

We start 'The Bitcoin Standard' by

today.

Saifedean opens with the oldest question: how do we move value across time and space?

Barter is impractical. The solution? A medium of exchange → money.

Who’s reading with us today?

(Today: pages 1–3) https://blossom.primal.net/

⏳ 1 week to go!

The #ALLINBITCOINBookClub kicks off Sept 1 with The Bitcoin Standard by

2.5 pages a day → done by Dec 21 🎄 Daily check-ins here on X & on Nostr.

Share to get more plebs reading the classics at an easy pace.

Who’s in?