New Years

An obligatory new years post. While I managed to rest my mind and body over the holidays this year the first week of January is used as a time for reflection.

I was so relaxed that January 3rd snuck up on me. The 3rd marks Bitcoin's 17th anniversary. The initial block was mined Jan 3 2009. The genesis block which started it all with it's hidden message.

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

It's important to reflect on Bitcoin fundamentals. Bitcoin was created as governments stepped in to backstop the global financial system. They did what they had to but at what cost? Large debts were taken on by governments with very little accountability from financial institutions.

At least governments have done better since those dark days. Just kidding. Lets check in on US Debt since Bitcoin was created.

January 2009 US Debt 10.6 Trillion

January 2026 US Debt 38 Trillion

Yeah, it should turn out fine. With the Bitcoin market cap today at 1.9 Trillion, it seems quite reasonable given the 28 Trillion in debt that was added during the same time. It's enough to make your blood boil.

So take a moment to reflect on Bitcoin goals for the year. With ETF's and 'corporate treasuries' popularity, the savings technology use case is happening. Enough people have come around to the idea of saving in Bitcoin. If Bitcoin is going to really succeed it needs to become transactional.

I'd like to use Bitcoin more often this year. I'm going to look for more opportunities to purchase goods, pay bills and hopefully some in-person transactions.