The Path to Bitcoin
Ideas / The value stack

The value stack

5episodes
52first heard, 2022
194most recent, 2026
First said · Ep 52 at 20:00
“This settling period between appreciating property and eventual medium of exchange will obviously take time; eventually Bitcoin will spread throughout the population, but there will be pain along the way.”
Said now · Ep 194 at 09:22
“It bugged me that that's the most amount of value that I can provide to the extended order, and by the extended order I mean the universe itself. What's the most amount of value that I can provide if value is constraining matter and opening up accessible phase space to everyone else around me?”

The listening path

  1. 52

    The Adoption Narrative

    The slow, pleb-driven path to adoption beats the fast one. It hands future control of energy to the most demonstrably capable allocators, limits damage to the…

  2. 54

    The Generational Divide

    Bitcoin can't be killed, so its dominance is a matter of time. Each generation's job is to build clear, correct explanations now, so the next one inherits settled…

  3. 84

    This Too Shall Pass

    Ordinals, inscriptions and the fee spike they caused are one more attack that proves Bitcoin's antifragility. Rising fees are the market correctly pricing scarce block…

  4. 141

    Be Like Rambo

    The big unlock from Bitcoin comes from using it: measure every decision by whether you end up with more or less Bitcoin, then borrow against it, selling at the…

  5. 194

    States that Travel

    Being early and being wrong are the same position, and the original Bitcoin thesis, the one that expected people to figure it out quickly, was 90 percent wrong. Out of…

In the show’s words

The North Star for life in the 21st century will be, do I end up with more or less Bitcoin if I engage in X or Y activity, X or Y transformation. Ep 141 · 01:48

In a Bitcoin denominated world where there is no fiat, you're going to have to actually produce value. Ep 194 · 01:50