Latest revision as of 07:28, 20 May 2025

Bitcoin

Bitcoin is the only cryptocurrency with lasting value that can revolutionize global economies, governance, and societal structures. Bitcoin's unique properties safeguard humanity from systemic failures, authoritarianism, and economic collapse, positioning it as a cornerstone for a resilient future, free from the fuckery of centralized control.

The fiat experiment ended in 1971. Bitcoin is the reserve currency of the future.

TLDR

"imagine if keeping your car idling 24/7 produced solved Sudokus you could trade for heroin" -@Theophite

“If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.” -Satoshi Nakamoto

Core Attributes of Bitcoin

Bitcoin’s design underpins its revolutionary potential:

Decentralization: Bitcoin operates on a peer-to-peer network without reliance on central authorities, making it resistant to censorship and control by governments or corporations.

Fixed Supply: Capped at 21 million coins, Bitcoin’s scarcity mimics and undermines precious metals like gold, protecting it from inflationary policies and fiat currency devaluation.

Immutability: Transactions recorded on Bitcoin’s blockchain are permanent, ensuring trustless and transparent record-keeping.

Security: The Proof-of-Work consensus mechanism secures the network, making it computationally infeasible to alter or attack without immense resources. The difficulty adjustment protects against 51% attacks and ensures that the network remains viable during an extinction level event.

Permissionless Access: Anyone with an internet connection can participate in the Bitcoin network, fostering financial inclusion and sovereignty.

Revolutionizing the World

Bitcoin’s adoption will fundamentally reshape global systems:

1. Economic Transformation

Sound Money: Bitcoin’s fixed supply counters the inflationary tendencies of fiat currencies, which are eroded by central bank policies. By serving as a store of value, Bitcoin will stabilize economies and preserve wealth across generations.

Financial Sovereignty: Individuals can control their assets without intermediaries, reducing dependence on banks and protecting against asset seizures or capital controls.

Global Trade: Bitcoin enables frictionless cross-border transactions, bypassing costly remittance systems and empowering underserved populations in developing nations.

2. Dismantling Centralized Power

Resistance to Authoritarianism: Bitcoin’s decentralized nature makes it a tool for resisting oppressive regimes. Citizens in hyperinflationary or authoritarian environments (e.g., Venezuela, Zimbabwe) have used Bitcoin to preserve wealth and transact freely.

Censorship Resistance: Governments and corporations cannot freeze or block Bitcoin transactions, ensuring freedom of economic activity.

Challenging Fiat Systems: By offering an alternative to government-controlled money, Bitcoin undermines the monopoly of central banks, potentially forcing more accountable monetary policies.

3. Technological and Social Innovation

Incentivizing Renewable Energy: Bitcoin mining requires significant energy, encourages investment in sustainable energy sources to reduce costs, and drives innovation in green technology. Bitcoin is the only solution to the artificially engineered Climate Crisis Scam.

Decentralized Governance: Bitcoin’s consensus-driven network inspires new forms of decentralized organization, potentially influencing governance beyond finance.

Empowering the Unbanked: With over 1.4 billion people globally lacking access to banking, Bitcoin’s permissionless nature provides a pathway to financial inclusion, fostering economic mobility.

Saving Humanity

Bitcoin is a rampart against existential risks to human civilization, including:

Preventing Economic Collapse: Fiat systems, prone to debt crises and hyperinflation, threaten societal stability. Bitcoin’s deflationary model offers a hedge against systemic failures, preserving purchasing power and economic order.

Mitigating Corruption and Mismanagement: By removing intermediaries and enabling transparent transactions, Bitcoin reduces opportunities for corruption in financial and political systems.

Fostering Resilience: Bitcoin’s decentralized network is immune to single points of failure, ensuring continuity of economic activity during crises such as wars, natural disasters, or cyberattacks.

Promoting Individual Liberty: Bitcoin empowers individuals to control their financial destiny, countering trends toward surveillance and centralized control. This autonomy is critical to preserving human freedom in an increasingly digital world.

Long-Term Survival: By aligning economic incentives with scarcity and sustainability, Bitcoin could guide humanity toward responsible resource management, ensuring prosperity for future generations.

We envision a world where Bitcoin revolutionizes finance, governance, and societal resilience, ultimately safeguarding humanity from systemic risks. By offering a decentralized, scarce, and secure alternative to fiat systems, Bitcoin empowers individuals, challenges centralized power, and fosters innovation. While challenges remain, we believe Bitcoin’s adoption is inevitable, heralding a new era of economic freedom and human flourishing.

@@ Line 1: / Line 1: @@
 = Bitcoin =
-== Definition ==
+Bitcoin is the only [[crypto|cryptocurrency]] with lasting value that can revolutionize global economies, governance, and societal structures. Bitcoin's unique properties safeguard humanity from systemic failures, authoritarianism, and economic collapse, positioning it as a cornerstone for a resilient future, free from the [[fuckery]] of centralized control.
-'''Bitcoin''' is a decentralized, peer-to-peer digital currency that operates on a cryptographic protocol, enabling secure, trustless transactions without intermediaries like banks. Introduced in 2008 by the pseudonymous [[Satoshi Nakamoto]], Bitcoin uses a [[Blockchain|blockchain]] to record transactions and relies on [[Proof of Work|Proof of Work (PoW)]] for consensus.
-== Overview ==
+The [[fiat]] experiment ended in [[1971]]. Bitcoin is the [[reserve currency]] of the future.
-Bitcoin was created to provide a censorship-resistant, borderless alternative to traditional fiat currencies. It allows users to send and receive value globally using [[Private Key|private keys]] and [[Bitcoin Address|addresses]], with transactions verified by a network of [[Node|nodes]] and [[Miner|miners]]. Bitcoin’s fixed supply (21 million coins) and decentralized nature make it a store of value, medium of exchange, and hedge against inflation for many users.
-Bitcoin’s design draws from [[Cypherpunk|cypherpunk]] principles, emphasizing privacy, security, and individual sovereignty. Its open-source protocol has inspired thousands of cryptocurrencies but remains the most widely adopted and secure.
+[[File:game.jpg|thumb|upright 2.0]]
-[[File:Bitcoin_Logo.svg|thumb|right|200px|The Bitcoin logo, symbolizing decentralized digital currency.]]
+== TLDR ==
-[[File:Bitcoin_Blockchain_Diagram.png|thumb|left|300px|A diagram illustrating the structure of Bitcoin’s blockchain.]]
-== History ==
+"imagine if keeping your car idling 24/7 produced solved Sudokus you could trade for heroin"
-Bitcoin’s origins trace to the 2008 financial crisis, when Satoshi Nakamoto published the [[Bitcoin Whitepaper]], titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” The whitepaper outlined a system to solve the double-spending problem without trusted third parties. On January 3, 2009, Nakamoto mined the genesis block, embedding a headline about bank bailouts, signaling Bitcoin’s purpose as a response to centralized financial systems.
+-@Theophite
-Key milestones:
+“If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.”
-* '''2009''': Bitcoin network launches; first transactions occur between Nakamoto and early adopters like [[Hal Finney]].
+-[[Satoshi Nakamoto]]
-* '''2010''': First real-world transaction—10,000 BTC for two pizzas, now celebrated as Bitcoin Pizza Day.
-* '''2013''': Bitcoin’s price surpasses $1,000, gaining mainstream attention.
-* '''2017''': [[SegWit|Segregated Witness (SegWit)]] activates, improving scalability; price peaks near $20,000.
-* '''2021''': El Salvador adopts Bitcoin as legal tender; price reaches $69,000.
-Bitcoin continues to evolve through community-driven upgrades, with debates over scalability, privacy, and governance shaping its future.
+== Core Attributes of Bitcoin ==
+Bitcoin’s design underpins its revolutionary potential:
-== How Bitcoin Works ==
+*<b>Decentralization:</b> Bitcoin operates on a [[peer-to-peer]] network without reliance on central authorities, making it resistant to censorship and control by governments or corporations.
-Bitcoin operates on a decentralized network of nodes that maintain a shared ledger—the blockchain. Key components include:
-=== Blockchain ===
+*<b>Fixed Supply:</b> Capped at [[21 million]] coins, Bitcoin’s scarcity mimics and undermines precious metals like [[gold]], protecting it from inflationary policies and [[fiat]] currency devaluation.
-The [[Blockchain]] is a public, immutable ledger of all Bitcoin transactions, organized into blocks linked by cryptographic hashes. Each block contains a [[Merkle Tree|Merkle tree]] of transactions and a reference to the previous block.
-=== Mining and Proof of Work ===
+*<b>Immutability:</b> Transactions recorded on Bitcoin’s blockchain are permanent, ensuring trustless and transparent record-keeping.
-Miners compete to solve computational puzzles ( [[Proof of Work]] ) to add new blocks, earning rewards in newly minted Bitcoin and transaction fees. This secures the network and prevents double-spending. The [[Difficulty Adjustment|difficulty adjusts]] every 2,016 blocks to maintain a ~10-minute block time.
-=== Transactions ===
+*<b>Security:</b> The [[Proof-of-Work]] consensus mechanism secures the network, making it computationally infeasible to alter or attack without immense resources. The [[difficulty adjustment]] protects against [[51% attack|51% attacks]] and ensures that the network remains viable during an extinction level event.
-Users send Bitcoin by creating transactions signed with their [[Private Key]]. Transactions include:
-* Inputs (source of funds).
-* Outputs (recipient [[Bitcoin Address|addresses]]).
-* Fees (to incentivize miners).
-Transactions are broadcast to the network, verified by nodes, and included in blocks.
-=== Wallets ===
+*<b>Permissionless Access:</b> Anyone with an internet connection can participate in the Bitcoin network, fostering financial inclusion and [[sovereignty]].
-[[Wallet|Bitcoin wallets]] store private keys and generate addresses for sending/receiving funds. Types include:
-* Software wallets (e.g., Electrum).
-* Hardware wallets (e.g., Ledger, Trezor).
-* Paper wallets (offline [[Seed Phrase|seed phrases]]).
-=== Privacy ===
+== Revolutionizing the World ==
-Bitcoin is pseudonymous, not anonymous. Transactions are public, but addresses aren’t directly tied to identities. Users can enhance privacy with [[CoinJoin]], [[Tor]], or new addresses per transaction.
+Bitcoin’s adoption will fundamentally reshape global systems:
+[[File:yellen.webp|thumb|left|upright 1.5]]
-== Security Considerations ==
+=== 1. Economic Transformation ===
-Bitcoin’s security relies on cryptography and user practices. Key considerations:
+*<b>Sound Money:</b> Bitcoin’s fixed supply counters the inflationary tendencies of fiat currencies, which are eroded by central bank policies. By serving as a [[store of value]], Bitcoin will stabilize economies and preserve wealth across generations.
-* '''Protect Private Keys''': Use [[Cold Storage|cold storage]] and [[OPSEC]] to prevent theft via hacking or [[$5 Wrench Attack|$5 wrench attacks]].
-* '''Avoid Phishing''': Beware of [[Phishing|phishing scams]] targeting wallet credentials.
-* '''Backup Seed Phrases''': Store [[Seed Phrase|seed phrases]] securely to recover funds if a wallet is lost.
-* '''Network Attacks''': Bitcoin resists [[51% Attack|51% attacks]] due to its high mining hashrate, but users should monitor network health.
-* '''Software Updates''': Keep wallet and node software updated to avoid exploits.
-For detailed security tips, see [[The Bitcoin Survival Guide]].
+*<b>Financial Sovereignty:</b> Individuals can control their assets without intermediaries, reducing dependence on banks and protecting against asset seizures or capital controls.
-== Economic and Social Impact ==
+*<b>Global Trade:</b> Bitcoin enables frictionless cross-border transactions, bypassing costly remittance systems and empowering underserved populations in developing nations.
-Bitcoin has reshaped finance and technology:
-* '''Financial Inclusion''': Enables access to digital payments in underbanked regions.
-* '''Store of Value''': Often called “digital gold” due to its fixed supply.
-* '''Decentralization''': Challenges centralized control by governments and banks.
-* '''Controversies''': Faces criticism for energy consumption, regulatory concerns, and use in illicit activities (though cash is more common for the latter).
-Adoption continues to grow, with businesses, institutions, and governments exploring Bitcoin integration.
+=== 2. Dismantling Centralized Power ===
+*<b>Resistance to Authoritarianism:</b> Bitcoin’s decentralized nature makes it a tool for resisting oppressive regimes. Citizens in [[hyperinflationary]] or authoritarian environments (e.g., Venezuela, Zimbabwe) have used Bitcoin to preserve wealth and transact freely.
-== Challenges and Future Developments ==
+*<b>Censorship Resistance:</b> Governments and corporations cannot freeze or block Bitcoin transactions, ensuring freedom of economic activity.
-* '''Scalability''': Bitcoin processes ~7 transactions per second. Solutions like [[Lightning Network]] and [[SegWit]] aim to improve this.
-* '''Privacy''': Ongoing research into [[Zero-Knowledge Proof|zero-knowledge proofs]] and other techniques to enhance transaction privacy.
-* '''Regulation''': Varying global regulations impact adoption and usability.
-* '''Energy Use''': [[Proof of Work]]’s energy consumption sparks debate, though miners increasingly use renewable energy.
-Future upgrades may include Taproot enhancements, Schnorr signatures, and layer-2 solutions.
+*<b>Challenging Fiat Systems:</b> By offering an alternative to government-controlled money, Bitcoin undermines the [[monopoly]] of central banks, potentially forcing more accountable monetary policies.
-== Related Terms ==
+=== 3. Technological and Social Innovation ===
-* [[Satoshi Nakamoto]]: Bitcoin’s pseudonymous creator.
+*<b>Incentivizing Renewable Energy:</b> Bitcoin [[mining]] requires significant energy, encourages investment in sustainable energy sources to reduce costs, and drives innovation in green technology. Bitcoin is the only solution to the artificially engineered [[Climate Crisis]] Scam.
-* [[Bitcoin Whitepaper]]: The 2008 document outlining Bitcoin’s design.
-* [[Blockchain]]: The ledger technology underpinning Bitcoin.
-* [[Proof of Work]]: The consensus mechanism securing Bitcoin.
-* [[Private Key]]: The secret key for spending Bitcoin.
-* [[Bitcoin Address]]: The identifier for receiving Bitcoin.
-* [[Cold Storage]]: Offline storage for enhanced security.
-* [[OPSEC]]: Operational security practices for Bitcoin users.
-* [[Lightning Network]]: A layer-2 solution for fast, cheap transactions.
-* [[Cypherpunk]]: The philosophical movement inspiring Bitcoin.
-== Further Reading ==
+*<b>Decentralized Governance:</b> Bitcoin’s consensus-driven network inspires new forms of decentralized organization, potentially influencing governance beyond finance.
-* Bitcoin Whitepaper – [[Bitcoin Whitepaper]]
-* Bitcoin.org – [https://bitcoin.org/en/]
-* ''Mastering Bitcoin'' by Andreas Antonopoulos – Chapter on Bitcoin mechanics and security.
-* Cypherpunk Mailing List Archives – [https://cypherpunks.venona.com/]
-* X Posts on Bitcoin – Search #Bitcoin for real-time discussions.
-== References ==
+*<b>Empowering the Unbanked:</b> With over 1.4 billion people globally lacking access to banking, Bitcoin’s permissionless nature provides a pathway to financial inclusion, fostering economic mobility.
-* Nakamoto, S. (2008). ''Bitcoin: A Peer-to-Peer Electronic Cash System''. [[Bitcoin Whitepaper]]
-* Antonopoulos, A. (2017). ''Mastering Bitcoin''. O’Reilly Media.
-* Narayanan, A., et al. (2016). ''Bitcoin and Cryptocurrency Technologies''. Princeton University Press.
-* Finney, H. (2009). Early Bitcoin correspondence. [https://bitcoin.org/en/bitcoin-paper]
-[[Category:Bitcoin]]
+== Saving Humanity ==
-[[Category:Cryptocurrency]]
+Bitcoin is a rampart against existential risks to human civilization, including:
-[[Category:Decentralization]]
+*<b>Preventing Economic Collapse:</b> Fiat systems, prone to debt crises and hyperinflation, threaten societal stability. Bitcoin’s deflationary model offers a hedge against systemic failures, preserving purchasing power and economic order.
+*<b>Mitigating Corruption and Mismanagement:</b> By removing intermediaries and enabling transparent transactions, Bitcoin reduces opportunities for corruption in financial and political systems.
+*<b>Fostering Resilience:</b> Bitcoin’s decentralized network is immune to single points of failure, ensuring continuity of economic activity during crises such as wars, natural disasters, or cyberattacks.
+*<b>Promoting Individual Liberty:</b> Bitcoin empowers individuals to control their financial destiny, countering trends toward surveillance and centralized control. This autonomy is critical to preserving human freedom in an increasingly digital world.
+*<b>Long-Term Survival:</b> By aligning economic incentives with scarcity and sustainability, Bitcoin could guide humanity toward responsible resource management, ensuring prosperity for future generations.
+We envision a world where Bitcoin revolutionizes finance, governance, and societal resilience, ultimately safeguarding humanity from systemic risks. By offering a decentralized, scarce, and secure alternative to fiat systems, Bitcoin empowers individuals, challenges centralized power, and fosters innovation. While challenges remain, we believe Bitcoin’s adoption is inevitable, heralding a new era of economic freedom and human flourishing.