Bitcoin Talk 012: Fiat Rests on Violence; Bitcoin Rests on Hash Power

How do you ease or eliminate a Ponzi scheme? The answer: create another Ponzi scheme.

Beneath fiat lies violence; beneath Bitcoin lies hash power. If you monopolise violence, you monopolise fiat. If you monopolise hash power, you monopolise Bitcoin!

If heaven has a gambling table, it must look like cryptocurrency.

The wealth of the world today (of the body, of material things, of the spirit) is more evenly shared than at any time in history. Your body is owned by yourself, and will not be preyed upon at will by the yamen and its cruel officials; the threshold for acquiring material goods has fallen to an unprecedented low, and the quality is better than ever; the cost of acquiring mankind’s spiritual wealth is close to zero, scattered across the whole internet, technically hard for church and court to clamp down on. We live in the most equal age in history — even the right to issue currency is something we leeks, the Changpengs, the Elons, the Xiaolais, can now take a share of.

This is the best age I can imagine. Travelling from Liangzhou to Jingzhou and on to Yizhou, you no longer need to worry whether your horse can stand the abuse, or whether your gas-guzzler can be refilled with that black, toxic liquid. Your Wuling MINI or Dongfeng E70, with a portable charger in tow, can take power anywhere and go wherever it pleases.

Meaning always emerges slowly. All meaning, traced back to its origin, is silt and fog. The metaverse is no different.