Michael Parsons @BitcoinByte

If you want the short thesis of Bitcoin, here you go: 1. Bitcoin is a decentralized monetary system. It is controlled by nobody. It was designed this way. This is significant because the main problem with money over the course of human history is centralized corruption. 2. Bitcoin has a predetermined set of rules that governs the functioning of Bitcoin as a monetary protocol. This hardcodes the rules in advance, rather than leaving them up to the ongoing discretion of a central authority, like a government or central bank, that can change the rules wherever they feel like it, while citizens are left playing a vague guessing game as to how their money is going to be manipulated. Bitcoin’s rules are also fully open-source. Everyone can see the rules of the system. Anyone can inspect how the system functions. Whereas fiat money is vague, unpredictable, and manipulated, Bitcoin is transparent, predictable, and unmanipulated. 3. Bitcoin has a fixed supply cap of 21 million BTC. It was designed to never be inflated past that point. The decentralized network running Bitcoin’s predetermined rules protects and secures this supply cap. Bitcoin makes inflation, and all of its evils, go extinct. 4. Bitcoin removes the middleman from money because a middleman-model introduces the need for trust. Trust gives an authority power over the system. Power opens the door to corruption. This is the money-power paradox: If someone has the power to determine the truth of the money, they also have the power to corrupt the money. For example, in the fiat banking system, when you send someone money, you have to trust that your bank will update the money ledger properly, and the other person has to trust that their bank will update their ledger properly. Both banks have to trust that the central bank will update the ledger held between banks properly. This trust enables banks and centralized powers to add and remove money from the ledger, censor transactions, remove people from the ledger, deny access to the ledger, seize or confiscate funds, conduct financial surveillance, and more. As Satoshi Nakamoto says, “The history of fiat currencies is full of breaches of that trust.” 5. Satoshi solved the trust-based model by introducing a peer-to-peer cryptographic-proof model. Think of it like a cash transaction. When you give someone a cash bill, there is no middleman standing in between you and the receiver. It is a peer-to-peer transaction. Two parties come to a monetary agreement, you hand them the bill, they receive it, and the transaction is done. Satoshi created this dynamic in electronic form, which is why he titled the Bitcoin whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System." Satoshi was able to create this by designing a system that used cryptographic proof to demonstrate and ensure participants were behaving honestly and that the predetermined Bitcoin rules were being followed. Tens of thousands of Bitcoin nodes (it’s more than that) all around the world independently and constantly verify that the system is running properly. Because they are all running the same rules, and because those rules define exactly how the global network reaches consensus, and because those rules are transparent, predictable, and unmanipulated in an open-source and decentralized network, the Bitcoin system is able to operate with verifiable consensus. As the saying goes, “any sufficiently advanced technology is indistinguishable from magic.” What seems impossible or magical today becomes normal once people learn how it works. “Mastering Bitcoin” by Andreas Antonopoulos is a great resource if you’re interested in digging into the bones of Bitcoin’s underlying technology. The text of the book is available for free under an open license in the respective GitHub repository. 6. Proof-of-work is the heart of Bitcoin. It is what connects and aligns Bitcoin with natural law. As Satoshi Nakamoto designed Bitcoin, the only way for the Bitcoin ledger to be updated, and the only way new bitcoins can be created, is if a miner demonstrates “proof-of-work.” In Bitcoin’s case, “work” means harnessing real-world energy — be it solar, wind, hydropower, nuclear, natural gas, or otherwise — that is then used to generate electricity to run Bitcoin mining computers that perform proof-of-work. A gasoline car must use real-world gasoline to power itself. The Bitcoin network must use real-world energy to power itself. Miners gather unconfirmed transactions within the network into a block, and then try to find a specific number in order to “solve” that block. They run their mining computers using real-world energy in an attempt to guess that number. Once they guess the number, they announce to the network that they’ve found it. From there, the nodes verify that the number meets the predetermined Bitcoin target and that all transactions within the miner’s block adhere to Bitcoin’s rules. Once the nodes verify that the work is valid, the block of transactions is added to the official history of Bitcoin, and the ledger is updated. This is how the “work” of the miners is “proven.” The Bitcoin protocol awards the winning miner with transaction fees attached to transactions within the block and a predetermined amount of new bitcoins. This is how Bitcoin's supply comes into existence. The more computational power a miner has, the more guesses they have, the more likely they are to win and be rewarded. This incentivizes miners to harness cost-effective energy from the real-world to perform proof-of-work. This is what connects the digital Bitcoin network to the physical natural world, but it is also what protects the Bitcoin network from attack. In order to overrun the Bitcoin network, you must harness at least 51% of all the energy in the Bitcoin network, but that energy is massive: as of this writing, the computing power of the Bitcoin network does 988 quintillion calculations per second. In 2013, global Bitcoin computing power was already 256 times faster than the world’s top 500 supercomputers combined. Computing power is over 211,000 times more powerful today than in 2013. In terms of computing power, there is no computer network remotely close to Bitcoin. All this to say... You would have to harness a ridiculously absurd amount of energy to 51% attack the network, but, as Satoshi says in the whitepaper, the incentives don’t play out in favor of the attacker anyways, “The incentive may help encourage miners to stay honest. If a greedy attacker is able to assemble more CPU power than all the honest miners, he would have to choose between using it to defraud people by stealing back his payments, or using it to generate new coins. He ought to find it more profitable to play by the rules, such rules that favor him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth.” Incentives are why Bitcoin works. 7. The significance of proof-of-work is that it ensures that the Bitcoin network is constantly in harmony with nature. If natural energy is not used in a verifiably honest way, the Bitcoin network cannot function. Every bitcoin ever created has come from the harnessing of real-world energy. Every Bitcoin transaction ever confirmed has been processed through real-world energy. All activity within the Bitcoin network comes from the processes of nature. Whereas fiat breaks the laws of nature, Bitcoin harmonizes with them. Bitcoin *is* nature in digital, monetary form. 8. Bitcoin is superior money. It transfers value most effectively across space, scales, and time, because it fulfills the requisite properties of money better than anything else. Most especially, it finally introduces an impenetrable network to protect the money from corruption, which is something humanity has never seen before. All other attempts at cryptographic money, an industry referred to as “crypto,” are inferior to Bitcoin because, at best, they can match the properties of Bitcoin (which is all we need for money), but they will never have the computational power of Bitcoin. This means that all of “crypto” is, at best, a less-secure version of Bitcoin. Forms of intelligence do not choose that which decreases their chances of survival, which is why humanity will choose the most-secure version of superior money, which is Bitcoin. This is why many say, “Bitcoin, not crypto.” 9. Bitcoin separates money from State. The monopoly between money and State is the root corruption plaguing today’s society, thus, the separation of money from State is the most important technology that can exist. 10. Bitcoin is money that progresses forward — its value goes up over time. Fiat is money that progresses backward — its value goes down over time. Backward money → backward society. It is antithetical to individual and collective progress to denominate our energy with something that loses value. Money that moves in a negative direction is not a positive thing. Money that moves in a positive direction is a positive thing. 11. Fix the money, fix the world. 12. There are other aspects of Bitcoin’s thesis not covered here, but those are best saved for a long-form publication, which is why I am writing a book titled, “The Bitcoin Thesis.” Regardless, one thing remains: if you want the truth, follow the money.

The inside story of how I invented the perpetual swap at @BitMEX coindesk.com/business/2026/…

Elon Musk is quite literally telling you to buy robotics stocks. "10 years from now there will be over a billion humanoid robots, & each will have 5X the productivity of a human" Citi Group says the robot market is to be worth $7T by 2050. These are 6 "Must Own" robot stocks: 1. Tesla $TSLA - Robotics & AI 2. Ouster $OUST - LiDAR Sensors 3. Coppernico $COPR - Copper Supply 4. Nvidia $NVDA - Robotics & AI 5. Symbotic $SYM - Warehouse Robotics 6. IREN Ltd $IREN - Industrial Automation Just like how memory stocks ran 10-20x such as $MU & $SNDK, these will follow similar suit. Save this for later... If you are not following us with notifications turned on, you might miss our next alerts.

CZ: Bitcoin May Flip Gold in the Next Bull Run In a Bitcoin Asia fireside chat published by Bitcoin Magazine on Aug. 28, 2026, Binance founder CZ @cz_binance said that if Bitcoin gradually becomes a strategic reserve asset for countries, its ultimate importance will likely surpass gold's. The real resistance today is not the asset itself, he argued, but the mature valuation, custody and reserve systems countries have already built around gold, and for large economies completing such a switch typically takes many years. Bitcoin nonetheless holds the stronger long-term advantage over gold, CZ said, with a single low-probability exception: a stronger digital asset emerging to replace it before Bitcoin closes the gap, which he sees as unlikely for now.

#Bitcoin explained:

Watcher.Guru @WatcherGuru

a month ago

This is still the best Bitcoin $BTC explanation of all time

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HISTORY: Today marks 12 years since Hal Finney passed away. He built digital cash before Bitcoin existed, received the first $BTC transaction from Satoshi, and kept coding with eye-tracking software after ALS left him paralyzed. One of the architects of what crypto became.

Bitcoin’s positive future Adam Back “interview” and discussion: @adam3us @BitcoinSuisseAG youtu.be/vO0y0E7pa_A?is…

Every forest reminds us of a truth technocracy forgets: Life organizes itself. It doesn’t need to be micromanaged from above.

$BTC Price on Bitcoin Pizza Day 🍕 Today: $77,568 2025: $110,568 2024: $70,190 2023: $26,774 2022: $29,492 2021: $37,340 2020: $9,060 2019: $7,958 2018: $8,355 2017: $2,109 2016: $439 2015: $241 2014: $523 2013: $123 2012: $5.10 2011: $6.12 2010: $0.004

Everyone talks about the guy who paid 10,000 bitcoin for two pizzas, but no one talks about the guy who received the 10,000 bitcoin. Meet Jeremy Sturdivant, the man who got paid 10,000 BTC for selling two pizzas on this day in 2010. “I had no idea how huge it would become” ✨

15 years ago today Laszlo Hanyecz bought 2 pizzas for 10,000 Bitcoin. That Bitcoin is now worth $774 million Happy Pizza Day 🍕

15 years ago today, the first Bitcoin mining screensaver was invented. The application would automatically start mining Bitcoin whenever your computer was left idle and stop when the user returned to work. The price of a bitcoin was $1.

Bitcoin is about to go through its first supercycle: from $16,000 to $250,000+. The cycle began Nov 2022 at the $16,000 bear market low. The first peak was $126,000 and the mid-cycle low was $60,000. The next cycle peak will land in the second half of 2027 to the first half of 2028, and I would be surprised to see anything less than $250,000 at the supercycle top.

Raise a glass to @halfin! Today would have been Hal’s 70th birthday. Hal Finney is one of the most important cypherpunks in the history of Bitcoin. When the whitepaper was published, most people ignored it. Hal Finney was the one of the few cryptographers who believed in it.

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Happy birthday, Hal Finney! Today, we are all running #Bitcoin 🧡

100% These people who promote and sell these conferences are not proper bitcoiners. Proper genuine bitcoiners will always teach you to stack sats with your spare cash. The opportunity cost of conferences is millions of satoshis. Bitcoin family spot on.

₿ Didi Taihuttu ₿ ALLIN💥 @Diditaihuttu

6 months ago

Bitcoin was created to separate money from the state… Now Bitcoin conferences invite the state as keynote speakers? That’s not Bitcoin. 🧵👇🏼

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Worth watching.

Manisha Mishra @manishamishra24

6 months ago

A man spends 50 years teaching at MIT. He knows his time is running out. So he records one last lecture — everything he knows, distilled into a single hour. He died 5 months later. This is that lecture. The most important hour you'll watch this week. 👇 Bookmark it for later

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On this day 13 years ago, a bitcoin was worth $100.

₿REAKING: New documentary predicts Hal Finney and Len Sassaman collaborated to create Bitcoin and shared the mysterious username Satoshi Nakamoto.