Bitcoin's rules could change tomorrow. They won't. Here's why that distinction matters. Critics love this line of attack: "Bitcoin's supply cap isn't really fixed, it's just code, and code can change." Technically true. Practically irrelevant. As Kevin Bell writes in Endgame: "A rule that is technically mutable but socially adamant offers real assurance, because it has been tested by sixteen years of attempted modification and has not budged." Sixteen years. Multiple attempts to change Bitcoin's most basic parameters. Regulatory crackdowns in major economies. The collapse of nearly every centralized exchange and lending platform that touched it. None of it moved the 21 million cap. That's not a technical guarantee. It's something stronger, a social one, stress-tested in real time, in public, under pressure that would have broken a weaker commitment. Read the full argument in Chapter 6 of Endgame → https://t.co/GsJWU9c5l5 Questions about what this means for how you structure a Bitcoin position? https://t.co/Itfd8WTYfb