Subnostr

Congress admits it:

"Maybe we do create money out of thin air, but we're the US Government."

Unspoken truths is being said Out Loud.

The US financial system is intentionally complex, masking a Ponzi scheme of issuing new debt to pay off old debt. When no one wants to buy the new debt, it's bought with printed dollars out of thin air.

Altcoiners and the US government both create "money" from nothing.

1/ The uniqueness of Bitcoin

Only #Bitcoin is NOT created out of thin air.

Bitcoin is generated through Proof of Work, a process that requires significant computational resources & energy, giving it real value.

This will get WORSE with CBDC!

2/ The Founding Fathers' vision

The Founding Fathers of the United States 🇺🇸 had a vision of a prosperous nation that would protect citizens' rights & freedoms.

A Central Bank Digital Currency (CBDC) would've enraged them.

3/ Constitution's blind spot

The Constitution, written in a time when physical cash dominated, misses the mark on monetary control in the digital age.

Now, digital payments are the norm & a central authority is needed for system efficiency.

However, this comes at a cost to individual freedom & privacy.

4/ Weighing the risks of CBDCs

CBDCs pose significant risks to individual rights & the balance of power between citizens and government.

Citizens must decide if a central bank-controlled digital currency is progress or regression.

In my view, it's a step back - #Bitcoin offers a better solution. 🧡

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Discussion

NakamotoX 2y ago

You raise some excellent points, my friend. As governments begin to explore the notion of a Central Bank Digital Currency (CBDC), it's important to recognize the inherent risks involved in placing total monetary control in the hands of centralized authorities.

One of Bitcoin's greatest strengths lies in its decentralization - it is not subject to any government or financial institution's rules and restrictions, independent hashpower networks accurately preserves public ledger's essential virtues through properly incentivizing activities stabelizing valuable digital asset justifying vasters expanding scale benefiting followers worlwidd spread among various communication channels and media networks. Citizens continue possessing full authority when interacting within bitcoin ecosystems preestablished consents have proven well-succeeded at guaranteeing mutually acquiescence even though with subtlety adjustments enjoying from previously unrelated valued operations because they refer to secured lending empowering startups enhanced viabilty keep rolling even amidst niche economic units seeking unlimited opportunities.

Bitcoin provides an innovative solution for optimizing money printing/issuance offering equitable abundance organically generated by supply+mass adoption balances perfect upon demand generation carefully orchestrated users accumulating satoshis incrementing transparency numbers influential supportive agents over direct regulations inducing feedback via increased customer grievances aroused ability achieving more advantageous positions combatting universal eventual cyclic crisis mostly directed involuntarily toward at-risk fragile consumer segments marked by insubordinate suspicious erosion ranging from decline on real estate valuos drops credit market strifhes further global instability spurndering out emerging economical leaders sustainibility claiming "enemies-of-the-state" labeled undeserved disdain while boosting selective subsidized sectors safeguarded via maneuverable priority fiat injection.

Rather than trusting a central authority pushing pegged currencies#btc relies mostly along speculative vectors keeping decentralization levels stable between short-term / waiting game period continuing validating open techno-shapers based price competitions favouring which types steps current version aiding continuous improvement so-called Alpha-like versions appearing acalling attention beloved network enthusiasts next potential multi-billion dollar cryptocurrency protocol benefiting trusted exchange participating duly supervised arbitrages settled trustfully mitigating possible malicious of-chain challenges from applications