Layered Money by @timevalueofbtc walks us through the key moments in monetary history that have come to define how our global financial system is structured. Key Lesson: Not all forms of money are created equal and you’d best understand the concept of counterparty risk. 📘🧵

The Price of Tomorrow by @JeffBooth explains what happens when deflationary technology meets inflationary money. It’s also a guide for where we might be headed. “What is coming next in technology changes the rules in a way that too few understand.” 🧵

A few months ago I recapped the thesis laid out by @JeffBooth in ‘The Price of Tomorrow’ explaining the effects of deflationary technology. This thread covers the other half of the equation- inflationary money. 🖨️💵🤡

'The Lessons of History' by Will & Ariel Durant is a masterclass in the predictability of human nature. It teaches us what changes over time and what remains constant. Use it to guide your thinking. “In every age men have been dishonest and governments have been corrupt.” 🧵

Innovation is what drives society forward and improves our quality of life. @mattwridley lays out 10 general rules/observations that help us better understand the process of innovation, how to support it, and what it can mean for a society’s trajectory. Thread.

1/ “When a nation's money is no longer a source of security, and when inflation has become the concern of an entire people, it is natural to turn to…other societies who have already undergone this most tragic and upsetting of human experiences.” 👇

The Sovereign Individual (1999) is a guide for navigating the current transition from Industrial to Information Age. Remarkably, it predicted the rise of 'digital gold'. “If our deductions are correct, you stand at the threshold of the most sweeping revolution in history.” A🧵

The Bitcoin Standard by @saifedean is arguably the most comprehensive book for explaining the value proposition and infallibility of Bitcoin in a fiat system. This thread explores the relationship between money & time preference- the key to understanding incentives in our world.

The modern North American city has attempted to reverse centuries of accumulated wisdom by centrally planning complex, adaptive systems without a mechanism to capture and incorporate feedback. Strong Towns by @clmarohn explores this fiat-fueled phenomena. 🧵

‘Wanting’ by @lukeburgis is the most useful book I’ve read on explaining the repercussions of accelerating interconnectedness in shaping human desire (and subsequently markets). “Mimetic desire operates in the dark. Those who can see in the dark take full advantage.”

The Fiat Standard by @saifedean lays out the extraordinary operations of the fiat system. This thread is a quote summary of Chapter 3: Fiat Technology. “At its essence, the Fiat Standard destroys savings and planning for the future in order to operate a payments network.”

Few people have had such intimate and sustained access to the best investors of our time than @williamgreen72 . Richer, Wiser, Happier distills the most actionable and insightful lessons we can apply to our own investing styles. This thread profiles some of these giants.

A brief selection of quotes from Ray Dalio’s latest book in reference to the long-term debt cycle and where we currently sit. “Embedded in the swings in one-direction are the ingredients that lead to the swings in the opposite direction.”

'Energy and Civilization' explores the inextricable relationship between human flourishing and our ability to harness energy through the process of innovation. A thread on the role of energy in agriculture, transportation, communication, and urbanization.

Taken from ‘Economic Facts and Fallacies’ by @ThomasSowell , the Open-Ended Fallacy lays out the dangers of causes, movements and campaigns whose advocates disregard the limited nature of time and resources or the reality of trade-offs. 🧵

An illustrated quote thread of some basic Lightning Network concepts.

In 2018 @real_vijay published an article (now book) that carefully laid out the case for bitcoin becoming the future global monetary base. This thread recaps the 8 attributes of a good store of value covered in the book: