I used to harbor a deep, structural prejudice against Bitcoin. It ...

2025-12-08T05:31:37Z

I used to harbor a deep, structural prejudice against Bitcoin.

It was a mix of arrogance and the subtle conditioning of the state apparatus. I thought I was financially literate—I even arrogantly cited JK Galbraith’s A Short History of Financial Euphoria to dismiss Bitcoin as nothing more than a digital tulip mania.

But I owed it to myself to challenge my own bias. I couldn't ignore the fact that minds far sharper than mine possessed a conviction I lacked. That curiosity led me down the rabbit hole—from X to Reddit, and eventually, to LynAlden (nprofile…u7e3) .

Lyn writes like an apostle of economic truth. I picked up Broken Money, and it only took a few chapters to dismantle my entire worldview. I realized my understanding of money was fundamentally flawed. I saw how Bitcoin’s scarcity, portability, fungibility, and divisibility render it the apex predator of value storage—a role gold can no longer fulfill in a digital age.

That was the red pill. I dove back into the signal—initially through Bankless, but eventually finding my home in preston (nprofile…5gu2) 's Bitcoin Mastermind.

The quarterly roundtables with Preston, joecarlasare (nprofile…9pq8) , HODL (nprofile…hs8c) , and especially DrJeff (nprofile…nx5t) , were a revelation.

Jeff’s chart of the S&P 500 denominated in Gold shattered my perception of "growth." It was a moment of absolute clarity: what we call "gains" are often just an optical illusion of currency debasement. High asset prices are merely the receipts for fiat printing.

It made me realize that without the constant injection of liquidity, the so-called "corporate growth" curve might just be a flatline. It begs the question: what would the stock market actually look like if we were still on a true Gold Standard?

They say everyone buys Bitcoin at the price they deserve. My entry price is simply the tuition fee for the time it took me to wake up.

I spent years wandering the DeFi wilderness, speculating on ETH and researching altcoins like Kleros, reading Vitalik yet shamefully ignoring the pristine collateral staring me in the face.

But better late than never. I am here now.

I am fascinated by the ethos of open-source and freedom. I wouldn't be who I am without the selfless sharing of others in this space. I hope to pay that debt forward—contributing my own signal to the noise to help build a better world.

Hello, Nostr. ⚡

#Bitcoin #Macro #Introduction #Plebs #Nostr #Grownstr

Nostr notes by umbra

I used to harbor a deep, structural prejudice against Bitcoin. It ...