Consider our favourite corporate acronym, ESG. And digest this delicious narrative shift; there is an alignment with BTC that is truly (or perhaps wilfully) under appreciated. Bitcoin is an exceptional example of distributed governance. The network can alleviate our current social ills by fostering financial solvency and a can-do, entrepreneurial spirit. And mining has environmental qualities that can no longer be denied. It's bloody remarkable, this magic internet money.

4 mins


4 mins
The Bitcoin Backstop
January 11, 2022
Bitcoin, the asset, is the purest store-of-value we have ever seen. It is the simple conversion of energy (via math and code) into verifiable truth, whether via hydrocarbons, renewables, nuclear reactions or even god damn volcanoes. Real estate is stale in comparison; you may expend energy to form static bricks, aluminium or concrete. But it just degrades without active maintenance. Gold, whilst durable can be centralised or even confiscated. And don't forget the high costs of extraction. So where does this leave our good friend fiat?