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To appreciate Bitcoin's potential you must first understand why societies converge on a single form of money. No essay argues this more convincingly than ‘Bitcoin Obsoletes All Other Money’ by Parker Lewis "All forms of money compete with each other for every exchange." 🧵👇

The things we've used as money have evolved over time. This is critical to understand if you'd like to be able to make sense of the future. THREAD.

We often misunderstand new technologies because they don't neatly fit into our existing world. Only once incentives and structures shift does their usefulness become apparent. #Bitcoin is one such example. And looking at current uses can give us a peek into the future. THREAD

If you've just started learning about bitcoin, this thread will place you ahead of 95% of people. And if you're giving a presentation on bitcoin, steal these slides (link in thread).

Bitcoin is an innovation in monetary technology. thread.

As #bitcoin adoption continues its relentless march, so too does the onslaught of misconceptions, red herrings, and flawed arguments. The result of ignorance, malice, or fear. Here are the most common fallacies to be on the lookout for: (eBook link in the thread)

A handful of concepts that will improve your understanding of bitcoin:

Bitcoin is a neutral innovation Like the telegraph, steam engine, or printing press- it has no opinions, preferences, or beliefs. The user gives it meaning. To better explain this, here's a children's book↓

ANNOUNCEMENT: Knowledge deserves to be free. From today, anyone can download 📕The Bitcoin Handbook as a free PDF. Share this for the chance to win 3 x signed physical copies. Enjoy 🤙 Thebitcoinhandbook.com

$NYM • $ZEPH • #0x0 4️⃣ DeFi : • $XCHNG • $RVF • $JOE • $AAVE • $KUJI • $SFUND 5️⃣ Layer 1 : • $SOL • $KAS • $INJ • $TARA • $KOIN • $AVAX • $AZERO • $TET • $XNA • $DIONE 6️⃣ Artificial Intelligence : • $QUBIC • $TAO • $FET • $PAAL

JUST IN: 🇺🇸 US House votes to overturn SEC rule preventing highly regulated financial firms from holding #Bitcoin    and crypto.

JUST IN: 🇨🇦 Bank of Montreal, Canada's 4th largest bank discloses spot #Bitcoin    ETF holdings.

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