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10 sats \ 0 replies \ @mallardshead 4 Aug 2023 \ on: Suppose you could give a 90 minute lecture on Bitcoin to college undergraduates bitcoin
Good luck! Some prompts:
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Look at the debt obligations of nation states
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KYC/AML can only trend in one direction
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Tax collection agencies will be monetized every bit short of militarization out of necessity
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The fastest growing form of energy is green energy, not oil or fossil fuels. This makes the petrodollar a dead man walking. Bitcoin uses electricity. What does this mean for the BTC/USD pair?
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Remote work growth means more laws are coming to coerce tax collection for the above reasons. Passports will look more like driver's licenses, where reciprocity with states can see an unpaid ticket in California cancel your driving privileges in Illinois. Borders are for keeping you in.
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Ai data gold is seeing every mainstream platform build their own walls
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Uploading simple content (like a video) will condition content with the rise of Ai model pre-scans fed licensing, engagement, and policy algos. Art and expression will get smothered. FOSS (free open source software) is the way out
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CBDC's are spyware controlling the logic gates of transacting with purchase voids, geofencing, restrictions, expiry
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First principles: bearer assurances, censorship resistance, permissionless
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What is decentralization, how does the court (network) enforce rules, and what does it mean for property rights?
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How does FOSS and cooperation grow with only censored digital CBDC money extant?
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Fixed monetary policy targeting a variable price of bitcoin as the mirror opposite of variable monetary policy targeting a fixed price of the fiat system
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What's hardness?
If you can explain bitcoin without ever mentioning the price or NgU, you have an A+ lecture. Avoid it until it's absolutely necessary, to explain say incentive structure, or why volatility is bitcoin's best evangelist.