X @Nick Szabo

Core Philosophy - Bitcoin was created to replace the fiat system, not to depend on it [1] - Bitcoin is money, encourage peer-to-peer usage and merchant adoption [2] - The success of Bitcoin depends on individual action and avoiding convenience that sacrifices freedom [2] Risk Management - Using traditional finance (TradFi) services built around Bitcoin, such as borrowing or mortgages, exposes users to counterparty risk [1] - This counterparty risk will be exploited when it matters most [1] - Trading freedom for convenience regarding Bitcoin usage will backfire [2]