Damus

Recent Notes

notions profile picture
Bitcoin has no natural predator.

It’s the apex predator.

Every alternative is more fragile

Fiat currencies depend on political stability.
Banks depend on trust.
Altcoins depend on founders.
Bitcoin depends on math and distributed consensus.

That asymmetry is brutal for critics.
notions profile picture
I can labor all year to grow a crop nobody wants to buy. Value then is also somewhere in the eye of the beholder also.