"In order for something to be used as ubiquitous money, the spender has to already have it, and the recipient has to want to hold it. Notably, people usually want to receive more of what they already have. After all, if a potential recipient wanted to hold it, they likely would have already bought some. So, if a new type of ubiquitous money were to arise, the majority of people would likely first encounter it as an investment."
~ Lyn Alden

If Bitcoin is freedom money, what happens when corporations and governments start buying it? Is it captured—or is that exactly what success looks like?

Lyn Alden’s new piece lays out the full arc of Bitcoin's monetization path, and I dig into her framing of situational vs. ubiquitous money. We talk leverage, ETFs, treasury strategies, and how Bitcoin is infiltrating the legacy financial system not despite its cypherpunk roots—but because of them.

Check out the original article The Rise of Bitcoin Stocks and Bonds (Link: https://www.lynalden.com/bitcoin-stocks-and-bonds/)

Mentioned Links and Resources:

• Read_471 - The Speculative Attack [Pierre Rochard] (Link: https://tinyurl.com/479skb4c) 
• Reboot - Wittgenstein's Money [Allen Farrington] (Link: https://tinyurl.com/34h7d7x9)
• Read_626 - Digital Alchemy, A Post-Mortem of the Crypto Crash [Lyn Alden] (Link: https://tinyurl.com/463z4j3r)

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• HRF: The Human Rights Foundation is a nonpartisan, nonprofit organization that promotes and protects human rights globally, with a focus on closed societies. Subscribe to HRF's Financial Freedom Newsletter today. (Link: https://mailchi.mp/hrf.org/financial-freedom-newsletter)
• OFF: The Oslo Freedom Forum (OFF) is an international human rights conference series hosted and produced by the Human Rights Foundation (HRF). Bringing together the world’s most engaging human rights advocates, journalists, artists, tech entrepreneurs, and world leaders, we aim to share their stories and brainstorm ways to expand freedom and unleash human potential across the globe. Don't miss this year’s Oslo Freedom Forum in May. (Link: https://oslofreedomforum.com/event/oslo-freedom-forum-2025/)
• Pubky: Pubky is building the next web, a decentralized system designed to put control back in your hands. Escape censorship, algorithmic manipulation, and walled gardens by owning your identity and data. Explore the Pubky web and become the algorithm today. Don't forget to find me on my Pubky ID here: pk:5d7thwzkxx5mz6gk1f19wfyykr6nrwzaxri3io7ahejg1z74qngo. (Link: https://pubky.org)
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