This is the definition of hard money described by Samuel Edward Konkin III in “The Agorist Primer”.
He described bitcoin perfectly in 1986, although at the time he was referring to gold, the description is much better suited to the nature of bitcoin and what is happening.
"Suppose some substance could split its atoms without losing its essence, be more resistant to wear and corrosion than any other, be easily recognized and certified for its purity, and be valued by a lot of people for its usefulness and good looks. Suppose further that it “did better” than any other offered in competition.
Wouldn't most people turn to it to make money? There would be no need for laws, no foundations, no advertising campaigns leading to it. Nature would take care of that. Second, third and fourth choices could be taken into account, but the first would become the standard against which all others are measured."
Cyph3rp9nk
npub1ln…arrnt
2024-10-05 19:06:41
Author Public Key
npub1lnms53w04qt742qnhxag5d6awy7nz6055flnmjkr6jg39hm86dlq7arrntPublished at
2024-10-05 19:06:41Event JSON
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"pubkey": "fcf70a45cfa817eaa813b9ba8a375d713d3169f4a27f3dcac3d49112df67d37e",
"created_at": 1728155201,
"kind": 1,
"tags": [],
"content": "This is the definition of hard money described by Samuel Edward Konkin III in “The Agorist Primer”.\n\nHe described bitcoin perfectly in 1986, although at the time he was referring to gold, the description is much better suited to the nature of bitcoin and what is happening.\n\n\"Suppose some substance could split its atoms without losing its essence, be more resistant to wear and corrosion than any other, be easily recognized and certified for its purity, and be valued by a lot of people for its usefulness and good looks. Suppose further that it “did better” than any other offered in competition.\n\nWouldn't most people turn to it to make money? There would be no need for laws, no foundations, no advertising campaigns leading to it. Nature would take care of that. Second, third and fourth choices could be taken into account, but the first would become the standard against which all others are measured.\"",
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}