$BWBTC | Why the world is better with Bitcoin

$BWBTC
https://raydium.io/launchpad/token/?mint=5wMXxY1P8VkU2Y7dCKQqPfhD5FrpQayyFSJPnqgSgray&fromCreate=true&lreferrer=7155X9ucVE6rTWtx816NjHHEhGQUSvdQe8cAMuMfZjp9

The case for choosing a world with bitcoin is even starker considering the one-in-two odds of being born into a country with an authoritarian government.

“By eliminating intermediaries, bitcoin empowers individuals to resist increasingly powerful institutions who would spy on, control, or block their money. Given the global prevalence of institutions who do all three, resistance money is choice-worthy behind the veil. If you didn’t know who you’d be, you’d want bitcoin around just in case you might need to resist those institutions.”

I find it impossible to argue with that — even as someone who’s won life’s lottery by being born into a prosperous country with limited government — because the authors also make a convincing case that we are all less removed from the risk of financial censorship than we probably think and should therefore welcome bitcoin’s existence: “Resistance money is a vital check against the rising threat of authoritarian rule, a condition under which billions already suffer today.”

If that sounds ideological to you, you will especially appreciate “Resistance Money” — it persuasively makes the case for why non-ideologues should care about bitcoin.

And not just because the price seems likely to go up.

https://mail.blockworks.com/p/why-the-world-is-better-with-bitcoin-5eda 



Here are 8 highly cited and influential articles published within the last 7 years (late 2018–2025) that provide in-depth examinations of Bitcoin as both a monetary instrument and a technological breakthrough.

Bitcoin First: Why Investors Need to Consider Bitcoin Separately from Other Digital Assets (2022)

https://www.fidelitydigitalassets.com/research-and-insights/bitcoin-first-revisited 

• Author: Fidelity Digital Assets (Research Team)
• Focus: Money & Investment Thesis
• Summary: This seminal report from a major financial institution argues that Bitcoin is fundamentally different from all other crypto assets. It provides a rigorous examination of Bitcoin’s role as a "monetary good" rather than a technology platform (like Ethereum). It explores the technical trade-offs Bitcoin made—sacrificing speed for decentralization and security—to solve the problem of digital scarcity.
• Why it fits: It is a definitive institutional reference (20+ pages) that treats the technology as the foundation for a new form of money.

Bitcoin Net Zero (2021)

https://www.nydig.com/research/report-bitcoin-net-zero 

• Authors: Nic Carter and Ross Stevens (NYDIG)
• Focus: Technology & Energy
• Summary: This comprehensive whitepaper addresses the environmental and technological footprint of the Bitcoin network. Rather than just defending energy usage, it analyzes the "proof-of-work" consensus mechanism as a buyer of last resort for stranded energy. It links the thermodynamics of mining directly to the security of the monetary network.
• Why it fits: It is arguably the most cited defense of Bitcoin’s energy consumption, offering deep data analysis on how the physical technology underpins the monetary value.

Check Your Financial Privilege (2021)

https://bitcoinmagazine.com/culture/check-your-financial-privilege 

• Author: Alex Gladstein (Bitcoin Magazine / Human Rights Foundation)
• Focus: Geopolitics & Money
• Summary: Gladstein’s essay (later expanded into a book) shifts the narrative from "Bitcoin as an investment" to "Bitcoin as a tool for freedom." He examines the technology's censorship-resistant properties and how they serve people living under authoritarian regimes or collapsing fiat currencies.
• Why it fits: It is a widely shared humanitarian analysis that validates the "freedom money" thesis through real-world examples in Nigeria, Palestine, and Venezuela.

Bitcoin Obsoletes All Other Money" (2020)

https://www.unchained.com/blog/bitcoin-obsoletes-all-other-money 

• Author: Parker Lewis (Unchained Capital)
• Focus: Monetary Theory
• Summary: Part of the famous "Gradually, Then Suddenly" series, this long-form essay provides a first-principles breakdown of why Bitcoin’s rigid monetary policy makes it superior to fiat currencies. Lewis technically explains how the difficulty adjustment and fixed supply cap create a system where the money supply cannot be diluted, regardless of demand.
• Why it fits: It is considered a modern classic in the "Bitcoin Maximalist" canon, offering a rigorous economic logic grounded in the protocol’s code.

Analyzing Bitcoin's Network Effect (2021)

https://www.lynalden.com/bitcoins-network-effect/ 

• Author: Lyn Alden
• Focus: Technology & Macroeconomics
• Summary: Alden, a macroeconomist, breaks down Bitcoin’s dominance not just as a currency but as a protocol with insurmountable network effects. She compares the technical difficulty of forking the network to the economic difficulty of displacing a dominant money. The article is heavy on data, comparing Bitcoin's hardware security (hash rate) to potential competitors.
• Why it fits: It bridges the gap between software engineering concepts (Metcalfe’s law) and investment analysis, explaining why Bitcoin is "hard money" that cannot be easily copied.

The Periphery (2023)

https://cryptohayes.medium.com/the-periphery-b72270639a70 

• Author: Arthur Hayes (BitMEX)
• Focus: Macro-Finance & Market Structure
• Summary: Hayes writes prolific, novella-length essays on the intersection of global finance and crypto. "The Periphery" (and his similar essay "Panda Power") analyzes how the US Treasury bond market interacts with Bitcoin. He argues that as government debt becomes unsustainable, the "technology" of the bond market fails, forcing liquidity into the only asset with a mathematically fixed supply: Bitcoin.
• Why it fits: Hayes provides a highly technical view of the financial plumbing (repo markets, reverse repos) that drives Bitcoin's value as an alternative money.

Stone Ridge 2020 Shareholder Letter (2020)

https://www.lopp.net/pdf/theses/Stone-Ridge-2020-Shareholder-Letter.pdf 

• Author: Ross Stevens
• Focus: Corporate Treasury & Philosophy
• Summary: While technically a shareholder letter, this document went viral as a manifesto on why corporations should hold Bitcoin. Stevens treats Bitcoin as a "battery" for storing the value of labor over time, preventing it from leaking out via inflation. He details the firm's technical auditing of the Bitcoin code to verify its security before investing.
• Why it fits: It offers a rare CEO-level deep dive into the philosophy of money and the technical due diligence required to trust a decentralized protocol.

A Cryptoeconomic Traffic Analysis of Bitcoin’s Lightning Network" (2019)

https://arxiv.org/pdf/1911.09432 

• Authors: Ferenc Béres, István A. Seres, and András A. Benczúr
• Focus: Network Science & Scalability
• Summary: For a purely academic angle, this highly cited paper analyzes the privacy and robust properties of the Lightning Network (Bitcoin’s Layer 2 payment protocol). It uses graph theory to examine how value flows through the network and assesses trade-offs between liquidity and centralization.
• Why it fits: It is a rigorous technical examination of how Bitcoin is scaling to become a transactional currency (money) without altering its base layer code.