Bitcoin represents the explicit encoding of previously implicit values of the tech community. It's not just software — it is a Schelling point and a symbol. As such, it will become widely recognized as the flag of technology over the course of the 2020s.

To understand this claim, we need to define what "technology" is, what a "flag" would mean in this context, and why Bitcoin would be chosen as that flag. Let's proceed in turn.

Technology: the values behind the valuations

Technology is the culture that Silicon Valley built and exported. It is the global community of founders, investors, engineers, and designers. And it is the code, apps, products, and billion dollar companies. But most fundamentally, it's the values that underpin the valuations.

These values are implicit in common terms like MVP, product-market fit, or the idea maze. And they are expressed in writing via popular books by the most accomplished people in tech. [ Read More ]