usd sucks air out of room -> global currency collapse -> some countries move to usd while others move to commodity backed currencies and metals -> usd collapses -> new monies require too much trust -> bitcoin becomes global reserve currency and base of an open financial network
nostr:note19g95uyt5fm6a5gawaujddra03j7m7qnlch4lshpgkp4m0tnzaa7qauhxcw
Commodity money always ends up getting scammed by governments and banks....I believe the evolution of it goes like this...
Direct use of Gold to store value.
Direct use of silver and copper... for trade (first example of gresham's law)
🔽
First grift
Governments mint coin.
Governments realize the coin makers and then will need to trim a little off the coins to cover "expenses"
Governments realize they have more "expenses" so they'll just add some cheaper metals that look just like gold...
🔽
Paper receipts on commodities are created by private depositories to store commodities in a bank safe.
People start to trade the receipt ownership with each other instead of the commodity directly.
Banks issue predenominated receipts and checks on the stored commodities.
🔽
Banks offer interest to customers that allow them to loan commodities out.
🔽
Next grift...
Banks then realize... it's not like everyone is going to need their Gold all at once. The won't notice if I lend theirs out without permission.
🔽
Next grift....
Governments aren't going to just sit back and let others run this grift.....
would be epic if next time you post here -> screenshot -> post twitter
Hace años estoy intentando moverme en USD siendo Argentino y hace más de 1 año estoy intentando moverme en BTC
Yo tenia compañeros de trabajo en Argentina y Venezuela que le muestre como usar bitcoin y monero. El venezolano pudo salir y entrar Colombia porque todavia tenia ahorros en Bitcoin cuando la cosa su puso feo en su país....
Perdon mi español soy un Redneck Cuban.
Está perfecto, se entendió bien todo. Que bien por ese venezolano 👌👏👏
why the screenshot from Twitter?
Speculation is always fun, but we need to be talking to people in our local communities about trading in Bitcoin. In fact, we are way behind schedule. BRICS is leveling a howitzer at the U.S. and they are going to pull the trigger.
