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bitcoin-transition.pdf
1. BTC Transition
Stay Humble. Stack Sats.
Permissionless
Global
Peer to Peer
Fixed Supply
Push Based Protocol
Decentralized
Proof of Work
Requires Miners to compute
Un-censorable
Transparency in pricing
( when priced in Bitcoin )
Entities can accurately compare
global prices for goods and services
Market makers will be entirely data
driven in the markets they participate in
True price found in all assets
across all markets
Price for labor will normalize
Wealth gets redistributed to the most effective
capital allocators and not financial manipulators
Deep industry knowledge becomes a strategic
advantage over simply financial access
To invest, you cannot just rely on a
centralized “discount rate”. You have to
know the market.
No bank or government
intermediary necessary
People move away from fiat
money
New forms of financial
instruments can be created
International remittances flow
smoothly
Regions will compete based on regional attractions /
values not on economic manipulation
Regions will grow / shrink to match their
geographic or value based boundaries
Countries drawn on unstable geographic lines will
collapse into their more stable energy states
Individual government’s lose
power over monetary policy
Violent, large scale international
conflicts decrease
Taxation becomes more to
enforce
Government monopoly on military
police declines
Government adopt Bitcoin for
international contracts
Socialized Capital becomes
challenging or impossible
Governments revert to issuing
bonds to raise money
Governments will need to create
true value
Governments must prioritize only
things governments can do
Centralized / Subsidized
Agriculture will decline
Centralized health care corruption
decreases
Health care becomes more
accessible
Centralized / Subsidized
Education will decline
Governments will focus on
national defense
Access to new capital will only come from mining
or trading for goods and services
Social Security will decline
People take ownership of their health &
preventative health measures
People take ownership of their food
security and nutrition
Companies can offer pensions
Nominal monetary accumulation
becomes more difficult over time
Everyone must prioritize the
most important thingfor them
Universal health care becomes
difficult
Users must volunteer to pay
All attributes take place globally and locally
simultaneously
Legal or Court system cannot
freeze or seize assets
Final legal enforcement of civil or non criminal
punitive actions must be re-imagined
Decisions are more local / regional
Fear of financial oppression
disappears
Individuals can make financial decisions for
whatever they want ( good or bad )
Global financial participation
increases
Systems of global citizenry
increase
Explosion in global skills
competition
Borders become less relevant
Entities must truly compete for
people’s labor
Requires Electricity to mine
ASIC manufacturing increases
Countries build mining infrastructure
for national security
Countries without money risk being
overtaken quickly
Economics changes move more at
the pace of savings
Demand for high efficiency
compute increases
Demand for high efficiency power
increases
Power production projects
increase
Decentralized power generation
( based on local needs )
Volcano power generation
Landfill power generation
Off grid gas generation
Power production costs decreases with
economies of scale
Silicon manufacturing demands
increases
Silicon & Chip production costs
decrease
Compute power is incentivized
A.I. technologies become sustainable
or self reinforcing
Internet participation is increased
Electrical generation incentivized
Requires Nodes to validate
Price increases with adoption and
usage and scarcity
Global financial system becomes
more stable
Real loss experienced if Bitcoin
lost, stolen, or spent unwisely
True costs must be accounted for
Entities success / fail will depend on their value creation
or available resources
Debt comes due for 1st world
Repair and maintain may be
cheaper than buying new
Trade skills return to support
these repairs and maintenance
Entities will increasingly not accept fiat money
for goods and services
IMFcannot control countries resources
Deflationary pressures
Money later is worth more than money later
Everyone benefits from productivity gains
Entities won’t feel “squeezed” by inflation
Consumers can focus on value increases and
not strictly buying the cheapest products
The environment gets cleaned up
Environmental destruction harms localities that
operate in those localities
Regional / local food production will increase
Food stability increases
Cheap international goods cannot be
subsidized by government incentivizes
Community fractals ( local, regional, country ) will
produce cheaper goods closer to their region
Vendors can pass on cost savings
Homes &Real estate are no longer the
default store of value
Housing costs decline in BTC terms
Rent seeking grifters will struggle
All businesses will be forced to be
operationally viable and cannot use asset
inflation for balance sheet adjustments
All previous stores of value revert back to
appropriate costs for operations
2nd and 3rd world regions will gain fastest
from the global productivity gains
1st world inflation will eat through everything
on the old system
Longer &larger investments can be made
Energy intensive projects can be undertaken
Water desalination
High speed rail systems
Space Exploration
Nuclear power incentivized
Difficult, humanity changing scientific
research can be prioritized broadly Debts are harder to repay
Trust based ( family / social )
pooling of resources increases
Cash pay settlement increases
Known, scheduled
distribution
Bitcoin News
JUST IN: US based Auradine
announces the new Teraflux #Bitcoin...
twitter.com
Mining infrastructure incentivized
TeraWulf Starts Nuclear-Powered
Bitcoin Mining With Nearly...
The miner also said it expects to reach
5.5 EH/s of computing power across...
coindesk.com
Giga Energy
Giga monetizes wasted energy in the oil
field by capturing stranded gas to...
gigaenergy.com
Bitcoin Miner Marathon Tests
BTC Mining With Methane Gas...
The 280 Kilowatt (kW) pilot project in
Utah is already operational.
coindesk.com
El Salvador's Volcano Energy
Secures $1B in Commitments...
Stablecoin issuer Tether is among the
investors in the new bitcoin mining...
coindesk.com
El Salvador’s Bitcoin ‘Volcano
Bond’ could be issued early...
El Salvador President Nayib Bukele first
announced the Volcano Bond in 2021.
fortune.com
Government’s cannot subsidize
large scale program
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Savings are incentivized
Financial Freedom is accessible
Argentina To Accept Contracts In
Bitcoin, Says New Minister
The announcement marks a crucial step
towards legitimising Bitcoin as a...
ndtv.com