This is the chapter where we drop the diplomacy. Bitcoin isn’t just interesting, innovative, or promising. Bitcoin is good as fuck. And here’s why.

Freedom Money

Monetary freedom is a prerequisite for all other freedoms. If the money can be controlled, everything can be controlled. If the money can be censored, speech can be censored. If the money can be surveilled, privacy is dead. If the money can be confiscated, property rights are an illusion.

Bitcoin is the Manhattan project for human freedom in the digital age.

Consider the dystopia that’s already here. China’s social credit system monitors citizens’ behavior and restricts access to financial services based on compliance scores. The Canadian government froze the bank accounts of trucker convoy protesters and their supporters — without trial, without due process, without recourse. PayPal, Venmo, and banks routinely deplatform individuals and organizations for ideological reasons.

Now imagine all of that powered by a Central Bank Digital Currency with programmable spending restrictions, expiration dates on money, and automated tax enforcement. This isn’t science fiction. It’s the stated goal of central banks around the world.

Bitcoin is the escape hatch. It’s monetary freedom encoded in software — a system where no government, no corporation, and no individual can freeze your account, censor your transactions, or devalue your savings. The Cypherpunks dreamed of this. Satoshi built it.

I came for the "number go up" but I stayed for the "global monetary disruption."

The game theory is beautiful. People buy bitcoin for selfish reasons — to make money. But by buying bitcoin, they’re strengthening a system that protects everyone’s freedom. Self-interest and liberty are perfectly aligned. The more people who hold bitcoin, the harder it is for any government to stop it. Every new holder is a new node in the network of human freedom.

Ethical Money

Bitcoin is the most ethical money system ever created.

People say “money is the root of all evil.” That’s wrong. The love of money isn’t even the real problem. The problem is that the money itself is corrupt. The system is designed to steal from the poor and give to the rich through inflation, bailouts, and the Cantillon Effect. Bitcoin fixes this.

Consider what makes bitcoin ethical:

  • Fair launch: No premine, no insider allocation, no venture capital. Anyone could mine from day one.
  • Fair distribution: Early adopters took enormous risk on an unknown technology worth nothing. The coins they earned reflected genuine conviction.
  • Accessible to all: Infinitely divisible and available to anyone with internet access. You don’t need a bank account, a credit score, or a government ID.
  • Can’t be weaponized: No government can use bitcoin to oppress its people through debasement, surveillance, or confiscation.
  • Property rights codified: For the first time in history, true property rights are enforced by mathematics rather than by armed men who can be bribed.

There are 0 million people living in modern slavery today. That’s more than at the height of the Atlantic slave trade. Much of this slavery is enabled by broken monetary systems that trap people in poverty. Bitcoin offers a way out — real property rights that can’t be seized, real savings that can’t be inflated away, real access to the global economy.

In Venezuela, hyperinflation destroyed the savings of an entire nation. In Nigeria, where 38 million adults are unbanked, peer-to-peer bitcoin trading topped $1.1 billion. In Lebanon, when banks froze accounts and the currency collapsed, people turned to bitcoin to survive. In Afghanistan, women use bitcoin to protect wealth from forced seizure.

Bitcoin doesn’t discriminate. It doesn’t care about your nationality, your gender, your religion, or your credit score. It is money for the billions, not the billionaires.

Designed for Adversity

Bitcoin wasn’t designed to work in ideal conditions. It was designed to survive the worst conditions imaginable — a hostile world where powerful adversaries actively try to destroy it.

The system has no single point of failure. There’s no server to seize, no CEO to arrest, no headquarters to raid. Tens of thousands of nodes across every continent independently verify every transaction. The network has maintained 100% uptime since January 3rd, 2009.

Consider what bitcoin has survived:

  • Government bans: China banned bitcoin mining and trading multiple times. India threatened prohibition. Nigeria outlawed crypto exchanges. Bitcoin didn’t just survive — it thrived in every case.
  • Corporate attacks: The 2017 SegWit2X effort united 83% of mining power, 50+ companies, and 20 million wallets in an attempt to change Bitcoin’s rules. A grassroots resistance of individual users defeated them.
  • Exchange collapses: Mt. Gox lost half a billion dollars. FTX collapsed spectacularly. Celsius, BlockFi, and others went bankrupt. Bitcoin kept running without interruption.
  • Market crashes: Four 80%+ drawdowns. Each time, bitcoin recovered and reached new all-time highs.
  • Regulatory assault: Hostile regulators, unfavorable accounting rules, banking restrictions. Bitcoin adapted and grew through every obstacle.

The reason bitcoin survives everything is that its adversarial design assumes the worst about human nature. It doesn’t trust miners, developers, users, or governments. It trusts math. Every incentive is designed so that the most profitable thing for any participant to do is to play by the rules.

Bitcoin’s biggest defense is human nature itself. You can’t ban something that makes people money. You can’t confiscate something that lives in someone’s head. You can’t shut down a network that exists on every continent simultaneously. The cost of a 51% attack is estimated at $10-20 billion per hour — and even if someone spent that, the network would recover.

A Trojan Horse for Freedom

Here’s the secret that makes bitcoin unstoppable: Number Go Up is one hell of a drug.

Bitcoin is a Trojan horse for freedom. People buy it because they want to make money. They stay because they discover what it actually is — a revolutionary system that could free humanity from the chains of broken money.

Wall Street buys bitcoin for returns. Institutions add it to balance sheets for diversification. Speculators trade it for profit. But every single bitcoin purchased — for any reason — strengthens the network, increases the hash rate, and makes the system harder to attack. Greed serves liberty.

And here’s why it’s too late to stop: millions of people now hold their own keys in digital fortresses that no government can breach. Unlike gold — which was stored in bank vaults and easily confiscated by Roosevelt in 1933 — bitcoin is distributed across millions of individual wallets, hardware devices, brain wallets, and multisig arrangements around the world.

An Executive Order 6102 for bitcoin would require armed agents visiting millions of homes, demanding people hand over a number they may have memorized. It’s logistically impossible, politically suicidal, and constitutionally protected by the First and Fifth Amendments.

Bitcoin is more clever than any Trojan horse that Homer could have imagined. It looks like a financial asset. It acts like a freedom technology.

The Best Savings Technology

Bitcoin is the best savings technology ever invented.

In a world where inflation erodes the purchasing power of every fiat currency, bitcoin is the only monetary asset that cannot be debased. Every other savings vehicle — bonds, savings accounts, even real estate — is vulnerable to inflation, taxation, confiscation, or counterparty risk. Bitcoin has none of these vulnerabilities.

The characteristics that make bitcoin superior collateral and savings technology are straightforward: it’s liquid, programmable, scarce, durable, portable, verifiable, divisible, fungible, censorship-resistant, and has no counterparty risk. No other asset on Earth can claim all of these simultaneously.

As Lyn Alden has argued, bitcoin fixes corporate balance sheets, national savings, and household balance sheets. It’s the missing piece — a savings technology designed for the digital age that actually rewards patience instead of punishing it.

Energy Money

Bitcoin is energy money.

Proof of work converts electricity into monetary value — a process that sounds wasteful until you understand what it actually does. Bitcoin mining monetizes stranded and wasted energy that would otherwise have no buyer. It incentivizes the development of renewable energy sources by providing a guaranteed purchaser for excess power.

Bitcoin miners seek out the cheapest electricity on Earth. This means they naturally gravitate toward stranded energy — gas that would be flared, hydro power in remote regions, excess solar and wind during off-peak hours. By monetizing this energy, bitcoin mining makes renewable energy projects more economically viable.

The claim that bitcoin is bad for the environment is the exact opposite of reality. Bitcoin mining is the only industry that actively seeks out and monetizes wasted energy. Over time, bitcoin will have a deflationary effect on electricity costs globally by incentivizing energy development in places where it was previously uneconomical.

Energy is the fundamental resource of civilization. A money backed by energy — rather than by government decree — is a money that represents real value.

Game Theory

Bitcoin’s incentive structure is a masterpiece of game theory — a self-reinforcing vortex of incentives that gets stronger over time.

Four pillars sustain the system: miners secure the network because it’s profitable. Developers improve the code because they hold bitcoin. Users buy bitcoin because the supply is fixed and demand is growing. Merchants accept bitcoin because users demand it.

The fixed supply creates a feedback loop that no other asset possesses. As demand increases, the price rises — but unlike gold or any other commodity, more production doesn’t follow. The supply schedule is immutable. This means every new buyer competes for the same 21 million coins with every existing holder. Supply is deterministic. Demand is the only variable.

Bitcoin is a Nash Equilibrium — a state where no participant can improve their position by changing strategy unilaterally. The game theory is so strong that even participants who don’t believe in bitcoin’s long-term vision are incentivized to hold it. And the more people who hold it, the stronger the equilibrium becomes.

Insurance Against Collapse

Greg Foss — a 30-year veteran of credit markets — makes the case that bitcoin is the world’s best insurance policy against sovereign debt default.

Traditional insurance against government debt failure comes in the form of Credit Default Swaps (CDS) — contracts that pay out if a government defaults on its bonds. But CDS have a critical flaw: counterparty risk. If the system collapses, the institutions that sold you the insurance collapse too.

Bitcoin is a CDS with no counterparty risk. It’s insurance against the failure of the entire legacy financial system. And unlike traditional insurance, the “premium” you pay — buying bitcoin — is itself an appreciating asset.

The G20 nations carry over $70 trillion in government debt. If you apply even a small CDS spread to that debt and calculate bitcoin’s share of the insurance market, the implied value per bitcoin is measured in hundreds of thousands of dollars. This isn’t speculation — it’s credit math.

The Total Addressable Market

The total addressable market for sound money is everything, everywhere, all at once.

Bitcoin isn’t competing with PayPal or Visa. It’s competing with every store of value on Earth — gold ($16 trillion), art ($20 trillion), stocks ($100 trillion), real estate ($225 trillion), bonds ($250 trillion). As bitcoin monetizes, it drains the monetary premium from all of these asset classes.

Add to that the re-denomination of financial services built on top of bitcoin — insurance, credit, lending, payments, loyalty programs, corporate treasury — and the market expands further still.

Bitcoin doesn’t need to replace the dollar to succeed. It just needs to respond to monetary expansion better than any other asset. And that’s exactly what it does. It is a black hole on the world’s balance sheet, slowly absorbing the monetary premium from every other store of value.

The only speculation about bitcoin is how long until the mainstream realizes what’s happening.