Thanks for the zap #[1] 🫂⚡️

Because Bitcoin will replace the bond market as the backbone of the USD?

Well I’m still fairly fresh to learning bitcoin can I hear why you think it’s heading in that direction?

Because countries won’t trust the USD/Treasury market with their reserves they desperately need to go to the open market and buy the vital energy resources.

I would like to give you a more komplex answer, but it is really easy. The harder money wins, ngu vs. Inflation tech.

No need for a zap though 🤝

adoption of BTC throughout the world will actually save any country struggling with currency, now or later, from financial collapse.

because each BTC is worth the same all over the world, so people have the same value in their hands in BTC independent from their countries fiat currency.

there is my 5 cents..😁

#[0]

Because bitcoin is first contact

Sadly I see the Yuan becoming the new reserve currency instead of Bitcoin ☹️

China has been buying up gold and banning Bitcoin mining.

The move away from USD will only benefit China and help them spread their tentacles further around the globe.

In the near term the world will probably be split into USD vs Yuan. Eventually I hope Bitcoin will emerge as a third option for countries that are sick of being dependent on another country’s fiat currency.

An instantaneous, permissionless, global communications paradigm (the internet) necessitates an instantaneous, permissionless, global monetary paradigm (bitcoin).

https://medium.com/coinmonks/bitcoiner-thought-bitcoin-is-inevitable-3aaa7dc2a58a

As technology continues to evolve, it's possible that Bitcoin's scalability issues could be resolved through improvements in blockchain technology. If Bitcoin becomes more efficient and user-friendly, it could gain wider adoption and become a more viable global reserve currency.

Ok ok….

Several reasons why Bitcoin could potentially emerge as the world's reserve currency, replacing the US dollar. One reason is that Bitcoin is decentralized, unlike traditional fiat currencies, which are controlled by central banks. Bitcoin's decentralized nature could provide greater transparency and security in the global financial system, which would be especially important in times of economic uncertainty. Additionally, the limited supply of Bitcoin, with a maximum of 21 million coins, could make it more valuable and stable than fiat currencies, which can be subject to inflationary pressures. Bitcoin's potential as a reserve currency is also supported by the development of stablecoins that are backed by Bitcoin reserves, which could provide greater stability and confidence in the cryptocurrency's value. However, for Bitcoin to replace the US dollar as the global reserve currency, it would need to make progress in several important areas, including serving as a medium of exchange, a store of value, and a unit of account.

Governments that have the ability to print currency out of thin air will do that to fund their weird pipe dreams. It's too tempting for them. That's why fiat money (which is just currency , not money) corrupts. #Bitcoin can't be printed out of thin air so it's way more desirable to common people as hard money. On top of that are the unconfiscatable properties of bitcoin. Ideal as a personal and unilateral world money that makes sense to own some of in reserves. 😉

Bitcoin is getting stronger, faster, harder and more dominant every single day.

Bitcoin is the monetary Network global, decentral, borderless with no thirdparty risk. 😉

Maybe it will not become the reserve currency, but it may become the most trusted store of value commodity. Time will tell ;)

I look at it as a war. Good vs evil…

Freedom vs slavery

Bitcoin already won

Just waiting on the rest of the world to figure it out.

Es die vertrauensvollste Währung, da sie keinem Regelment von Zentralbanken oder politischen Systemen unterworfen ist.

#Bitcoin is a trust-less money on a permission-less network. No authority can change monetary policy or censor tx’s. No institution or authority can shut down the Network. It is transparent and immutable. It offers advantages to all parties using it and is an accretive system.

Bitcoin is the future of money and will become the only trusted (verifiable) global reserve currency because of its technical superiorities and programmatic reliability.

#Bitcoin changes everything.

Because Bitcoin is the better money

When the market is free, it always chooses the soundest money. So bitcoin will be global reserve currency, but only for who has a free soul

Bitcoin meets certain key criteria of sound money: it is portable, it maintains it's value (not inflatable, though large fluctuations do occur when comparing it to fiat), and it is (increasingly, and I think #nostr can play a big role in taking this further) salable.

Further, #BTC is self-custodial meaning that the owner of the coin is the holder of the coins. This eliminates counter-party risk and removes the need for banks, eliminating the whole premise of a debt-based economy. Minus the ability of fiat currency to be issued as mass-debt, it will lose steam and be less attractive as a store of value as fiat-entangled economies "shrink" now that they no longer have access to unnatural growth drivers.

The adjustment phase will be painful (and in many cases, likely catastrophic), but sound money options will be the winners, and with the growing distrust in institutions, the best option for anyone looking to build their wealth will increasingly obviously be self-custodial, decentralized, and divorced from institutional control. BTC is the only currency that can meet these parameters, with built in resistance to centralized control.

I need to distill this to a shorter write-up, but as I'm still learning the economics of BTC it helps to write it out in any case! Feel free to point out errors, inconsistency, or incompleteness in my reasoning #ironsharpensiron !

It's unstoppable better money. As long as demand for better money doesn't consistently decrease, number go up technology continues marketing to the masses, and all other worse currencies trend towards 0 relative to Bitcoin.

- Fixed supply, cannot be debased

- Mathematical certainty (block times)

- Transparent ledger

- 24/7 send/receive (no bank holidays)

- Send any amount

- Low transaction cost

- Fast settlement times

- Censorship Resistant

- Non-custodial (your keys, your coins)

- No KYC/AML needed (jurisdiction-based)

- No side agreements (e.g. Petrodollar system)

What have I missed? #Bitcoin

Since i am only a New and small Account and almost nobody react to my Post i would really love to see something Like this but on a critical way. What Do you all Think, what problems bitcoin and lightning have or will have in the future. Doesnt matter if inside/Code/protocol problems or Extertal like adoption, Media, politics etc. If you want you can check my Post out, i also gave sats to the best 3 answears but only one Till now reacted because of my little influence. But also you could Do a big one by yourself of this if you want. I think it is always important to stay critical and Look about danger and ways to improve. Greetings and hugg you all 🫂

Thanks man for the zap :) 🥰