🚨China 🇨🇳: China is preparing for a new wave of C19 infections that could reach 65 million cases per week by the time it peaks at the end of June, according to NBC news.
Owning 1.0 #BTC in the future is going to be incredibly rare.
good morning, stay humble and stack sats 🫡
An unfathomable amount of human time, energy, and money has been wasted (and counting) due to altcoiners' inability to understand one simple sentence:
"You don't need a blockchain for that."
#bitcoin
The free market eventually converged on #gold due to two key attributes that protected its value reliably over long periods of time and across large parts of the world.
The level of difficulty in producing new units of a money, relative to other forms of money, determines its hardness.
This is not a static measure as technology is constantly advancing, relegating formerly hard monies to soft.
#bitcoin
"For anything to function as a good store of value.. it has to appreciate when people demand it.., but its producers have to be constrained from inflating the supply significantly enough to bring down the price."
“As technology advanced, particularly with metallurgy, humans developed superior forms of money..”
The relative difficulty of producing metals meant they were predictably scarce. Durability was superior to shells, grains and beads.
"Primitive money existed long before large scale trade networks. Money had an even earlier and more important use. Money greatly improved the workings of even small barter networks by greatly reducing the need for credit."
"Contrary to popular misconception, #money is not a government creation.
Money is emergent — it is simply the most tradable good in any given #market."
Goldbugs: #Gold has been around for 5,000 years!
Saltbugs: #Salt has been around for 8,000 years!
Copperbugs: #Copper has been around for 11,000 years!
Longevity doesn't protect you from #demonetization through innovation.
#Innovation demonetizes.
"Every election is an advanced auction on stolen goods"
—H. L. Mencken
As the density of a fuel source increases, storage and transportation costs decrease.
The same is true for stores of value.
A Fiat foi inventada nos bastidores, imposta a todos.
Bitcoin foi construído em público, imposto a ninguém.
#Fiat was concocted in backrooms, imposed on all.
#Bitcoin was built in public, imposed on none.
Keynes was wrong. Printing money does not create wealth, it only redistributes wealth to people who are closer to the money printer.
#Bitcoin is better.
Yesterday and you can check the news here: https://twitter.com/saifedean/status/1661341992159260672
NEW - 🇸🇻 President of El Salvador meets with the author of The #Bitcoin Standard 🤝
The biggest bubble of all is this one.
There is no debt ceiling, that's a lie! Since 1960, the "ceiling" has already been raised, revised or changed 78 times.
The debt has no ceiling because the state has no limit.
Just like a coin has no bottom.
Adopt #Bitcoin, this is the way out.
Binance : - 9.3% YTD
Korea : + 6.4%
Asia : +6%
US: +2.5%
Japan:+ 0.5%