Damus
The Bitcoin Shepherd profile picture
The Bitcoin Shepherd
@freedommachine
Human action is non-negotiable; existence requires action. Thus, social existence requires communication, which functions through language.
​Communities are formed through human interaction. ​Human interaction relies on economic exchange. ​Economic exchange requires a precise measure of value to prevent friction and dispute. ​Measuring value requires a standardized unit of account—a universal denominator for comparing worth across time and space.
​Communities cannot scale or endure without a reliable way to measure value. ​Measuring value reliably requires sound money. ​Unsound money, subject to debasement or centralized control, distorts price signals and erodes the trust required for social cohesion. What sound money dooes humanity have? ​Gold serves as the primary sound money for the physical, offline world due to its physical scarcity and historical durability. ​Bitcoin serves as the primary sound money for the digital, online world due to its algorithmic scarcity and decentralized architecture.
​All monetary alternatives lacking absolute scarcity or censorship resistance fail as long-term foundations for human cooperation.
​Sound money is not merely a financial asset; it is the fundamental infrastructure for community building.
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