The Moral Philosophy of Bitcoin

Virtuous Habits and the Shameless Bitcoiner

Prateek Goorha
Mar 7 · 10 min read
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The Mind Behind the Memes

I. Bitcoin-ism

True Bitcoiners don’t merely parrot the memes, they internalize their essential message, exert reason to understand and evaluate their merit and use those lessons to guide their own behavior.

II. Virtue and Habits

To HODL, while all else around you capitulate is quintessential sophrosyne; HODL is karma to a Bitcoiner.

III. Risk

Prudence and Temperance

A Bitcoiner, therefore, is a maximalist for the sound reason that, faced with an environment where the sources of risk multiply, temperance requires retrenching within Bitcoin and deliberately reducing exposure to other risks.

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“Temperance” by Luca Giordano

IV. Money

Bitcoin’s merit as a long-term store of value is derived from strategic human behavior that is informed, disciplined and guided directly by immutable Laws of Nature.

V. Finally, yes, Bitcoiners are Shameless

A true Bitcoiner is shameless.

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“Diogenes sitting in his tub” by Jean-Léon Gérôme

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Prateek Goorha

Written by

Social scientist interested in the economics of innovation. Part-time author. Full-time blockchain explorer.

Coinmonks

Coinmonks

Coinmonks is a non-profit Crypto educational publication. Follow us on Twitter @coinmonks Our other project — https://coincodecap.com

Prateek Goorha

Written by

Social scientist interested in the economics of innovation. Part-time author. Full-time blockchain explorer.

Coinmonks

Coinmonks

Coinmonks is a non-profit Crypto educational publication. Follow us on Twitter @coinmonks Our other project — https://coincodecap.com