The problem of #gold is that it doesn't work without derivatives. It is an inferior bearer-asset.
And just like the USD, the RMB is #fiat which requires trust. I don't believe 🇨🇳 China is able to inspire more trust than the 🇺🇸 US.
#Bitcoin is the only viable alternative to the USD as world-reserve-currency.
That’s the faith of every bureaucracy.
They keep growing until they collapse on themselves.
I rather have the market manage exec pay instead of politicians…
Zelensky Admits Fear Of Waning Support In US: "If They Stop Helping Us, We Will Not Win" https://www.zerohedge.com/geopolitical/zelensky-admits-fear-waning-support-us-if-they-stop-helping-us-we-will-not-win
That’s a pretty accurate analysis 😁
And even with 🇺🇸 support winning looks pretty tough.
Yeah pretty ironic isn’t it…?
He seems to be taking pretty rational actions actually.
🇷🇺 Russia sees 🇺🇦 Ukraine leaving its sphere of influence as an existential threat.
They are probably right..
#Bitcoin reduces future uncertainty
but it does not provide certainty.
Future is unknowable, stack on.
Can’t agree more!
Stack on and make yourself as useful as possible…
World reserve currencies were always linked to a country or civilization b/c you needed to trust the #gold coins were not tempered with.
USD is trused b/c people believe(d) it won't be tempered with.
#Bitcoin will be the first non-souvereign world reserve currency.
El Salvador becoming the center of #Bitcoin means it will start generating "surplus capital" in the near future.
This will give it a powerful foreign policy tool at a time USD is losing its reserve currency status.
#geobitcoin
And they say #Bitcoin is used for criminal activities 😂
That would have a great way to have pinpointed discussions!
Haven’t encountered any of that yet.
I must be on the wrong relays 😂
True. But the beauty of China is that they locally test different models before rolling them out to the rest of the country.
Shanghai and Shenzhen were examples of that. I am sure they are doing the same with Bitcoin in HK now…
This is really bullish 🚀 for China 🇨🇳.
Really makes you wonder why the West is dragging its feet on #Bitcoin adoption. 🙈
Energy exporting countries hedging against the dollar?
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Empires will collapse once they enter fiat mode. Will there be empires after hyperbitcoinization?The one that adopts bitcoin and protects its long term interests by putting its government on a bitcoin protocol will last a long time.
At one point the soldiers didn’t accept the silver denarius anymore but only gold.
At this point the Empire had to force citizens to pay taxes in gold instead of the denarius.