Be it physical, mental, or a consequence outside of one’s immediate control, adversity has a tendency of testing your inner-most convictions.

And at a time when Bitcoin is seemingly on a one way ticket into the abyss, it’s good to remind ourselves why we’re all here.

A War of Attrition

Many people who claim to be pro-bitcoin will take the opportunity to replace the majority of their holdings for fiat funny money. Like most people, they think in fiat terms, not in Bitcoin terms, such that value is denominated in Euros or Dollars. While this is fair game, these people cannot be counted on when the proverbial shit hits the fan. And in trying times, their rhetoric and actions are a product of sloppy, half-baked, herd-like narratives that thrive on hysterical fear mongering. Since there is no transcendental resolve in fiat thinking, it will be no surprise to hear that for most people accumulating fiat funny money is the goal, not affecting real change. They are Bitcoin tourists.

This is a statement of fact.

On the other hand, sound-money thinkers have gone down the Bitcoin rabbit hole and at best, they came out the other end as a better version of themselves. Those who stick around through tough times learn timeless truths about the human condition.

Forged in fire, tempered with knowledge and learned resolve, sound-money advocates are akin to veteran warriors of hallowed antiquity. They are Triarii – the backbone of the ancient Roman army that kept lines from breaking; the last resort that can always be counted on. They do not yield. On the contrary, the tougher the problem, the greater their resolve.

This too, is a statement of fact.

Often enough, most people give up when harshly tested. But such choices are born out of ignorance of what each person is truly capable of. The same way the human body can reach incredible record breaking feats of speed and endurance, the mind can withstand and overcome most perceptual problems, most of the time. And indeed, trials of adversity are all a head-game, and Bitcoin volatility is no different. It is a battle of conviction in a war of attrition. A battle where sound-money advocates will not yield to the enemy, under any circumstance.

Who is the Enemy?

The enemy is that which hinders the progress of sound money. The enemy comes in many forms, such as decentralised-in-name-only tokens and coins (Solana); central banking cartels, fraudulent get-rich-quick schemes and various mindless machinations of unhinged ponzi-scheme leaders like those who led Terra. Admittedly, it’s easier to tell who is trustworthy and who is not with the benefit of hindsight, but the writing was arguably on the wall.

Still, the enemy is not to be confused with genuine attempts at progress and innovation. The ‘all-or-nothing’ mindset is foundational – it is not a replacement for thought or creativity. It is locked away, stored dark and deep in the vaults to be called upon only at the utter-most end of needs. It lies in wait, and is routinely rediscovered, polished, perfected and ready to be unleashed against the unsuspecting enemy, whose hubris knows no bounds.

Victory, there is nothing else.

While there are no final solutions, and it pays to be especially critical of those who would be so bold as to preach from the pulpit – there is such a thing as truth. And it points in the direction of technology that is built on timeless axioms of human existence; in this case, economics. The myriad of inconsistencies masquerading as ‘nuances’ from traditional finance hoodwink us into believing that ‘saving’ and ‘investing’ are interchangeable. They are not.

You shouldn’t have to become a financial advisor to save money. If money is not scarce, everything that is will take its place. And unless you’re living under a rock, you’ll know that central bank meddling directly makes things people truly value less available – food, housing, energy, basic goods and services, to name a few. The social contract is broken in more ways than one can imagine, and only a few lines of code can rebuild confidence in a just economic model.

In closing, I’d like to underline that it is in the depths of hell where we find our courage. Anything worth doing tends to be hard. This becomes clearer in victory.

Where lesser mortals succumb to fear, those cultivating a warrior-mindset grow stronger, because if the truth is with us then what can be against us?

Marcus Aurelius is an Ass – SENTENTIAE ANTIQUAE
Equestrian Statue of Marcus Aurelius, Roman emperor and Stoic philosopher

“If someone is able to show me that what I think or do is not right, I will happily change, for I seek the truth, by which no one was ever truly harmed. It is the person who continues in his self-deception and ignorance who is harmed.” -Marcus Aurelius, Meditations.

I know where I stand. It’s time to choose which side you’re on.

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