A civilization inherits the time preference of its money.
Leon
@leonwankum@BitcoinNostr.com
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Bitcoin. Real Estate. Philosophy & Ethics. Proof-of-Work. Newsletter: leonwankum.substack.com
In my latest newsletter, “Toward the Separation of Money and Production,” I explore how bitcoin can separate value preservation from productive activity.


Toward the Separation of Money and Production
TBN 38 - In this edition, I examine how bitcoin can help to gradually reduce the monetary distortions that pushed productive assets into monetary r...
My next newsletter, titled “Toward the Separation of Money and Production”, will be published at the end of this week! 🧡


The Bitcoin Newsletter | Leon Wankum | Substack
Bitcoin. Real Estate. Philosophy & Ethics. Click to read The Bitcoin Newsletter, by Leon Wankum, a Substack publication with thousands of subscribers.
After three years of hard work, my book Digital Real Estate is finally available for pre-order. 📙
Written from my perspective as a real estate developer, the book connects monetary theory with real-world investing—and shows how bitcoin integrates into existing businesses and real estate portfolios.
Digital Real Estate explores bitcoin’s rise as a store of value—and the challenge it poses to real estate’s long-standing monetary role. It offers a practical framework for understanding how bitcoin is reshaping the role of property, capital allocation, and corporate balance sheets.


Bitcoin Magazine
Digital Real Estate Pre-Order
🔶 Bitcoin 2026 Conference Week Special — Pre-order for just $21 (reg. $29) · April 27 – May 4 only Pre-Order Now Digital Real Estate How Bi...

The manuscript for my book DIGITAL REAL ESTATE is being handed in at the end of this month.
Pre-sale begins at the same time—with a special launch offer around the Bitcoin Conference. 🔖
“Bitcoin and Quantum Risk: What Actually Matters” is out.
A take on why first-principles thinking and the Austrian school of thought matter when assessing risk.


Bitcoin and Quantum Risk: What Actually Matters
TBN 37 – I this edition I examine how emerging technologies interact with Bitcoin and why common narratives around quantum risk are often misplaced.
My newsletter, “Bitcoin and Quantum Risk: What Actually Matters”, will be out tomorrow. A take on why first-principles thinking and the Austrian school of thought matter when assessing risk versus fear.


The Bitcoin Newsletter | Leon Wankum | Substack
Bitcoin. Real Estate. Philosophy & Ethics. Click to read The Bitcoin Newsletter, by Leon Wankum, a Substack publication with thousands of subscribers.
Hard money is a necessary condition for long-term thinking, not a sufficient one.
My latest newsletter is out! 🧡
Periods of uncertainty tend to reveal how systems function. Geopolitical conflict, fiscal pressure, and monetary expansion are not isolated events, they are part of a recurring cycle that has shaped financial systems throughout history.
In this 36th edition, I examine how these dynamics affect property, wealth preservation, and why Bitcoin’s design offers a different framework for navigating an increasingly uncertain world.


Why Bitcoin’s Properties Matter in Uncertain Times
TBN 36 - In this issue, I explore why Bitcoin's design offers a different framework for dealing with uncertainty.
My written pieces are finally also available on Nostr.
Big thanks to @paul keating for setting up @OwnYourPosts.com 🫡💫
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In this edition of my newsletter, I explore why bear markets are not a failure of Bitcoin, but a prerequisite for its survival.


Bitcoin Cycles: How Resilience Is Built
TBN 35 - In this edition, I explore why bear markets are not a failure of Bitcoin, but a prerequisite for its survival.
Money shapes civilization long before politics reacts to it. Bitcoin’s trajectory does not depend on ideology or permission, but on its ability to coordinate human action more honestly than the systems it replaces.
On route.


Back at it. 🥊


HNY.


We had a good run.
Time to get back to work.
A society grows great when old men plant trees in whose shade they know they shall never sit.
I’m approaching 3,000 subscribers to my newsletter💥
I put a lot of work into it: the newsletter is free, contains no ads, and is my medium for exploring topics around Bitcoin, philosophy, ethics, and the Austrian School.
Each month I pick one theme and dive deep into it. If you’re interested, you can subscribe to my newsletter via the link below.


The Bitcoin Newsletter | Leon Wankum | Substack
Bitcoin. Real Estate. Philosophy & Ethics. Click to read The Bitcoin Newsletter, by Leon Wankum, a Substack publication with thousands of subscribers.
Keynesians are evil people. The world will eventually learn what a crime against humanity the disregard for monetary sovereignty was.