“IMF telling Zimbabwe to skip the gold-phase (grandpa’s tech) and move straight to #Bitcoin without wasting any time!”
#Bitcoin is inevitability.
🇷🇺Russia's elite is against it with every fibre of their body, but they have no choice but to accept it for foreign trade.
This applies to every nation on earth.
The only vision & strategy the ancien régime enemies of revolutionary 🇫🇷 France had was to preserve the status-quo which was to their benefit
Again a comparison to #Bitcoin arises, with its ancien régime enemy being the fiat system which only vision is to preserve the status-quo
Almost 1%, that grew pretty fast.
Interesting to see what it will be one year from now.
#Bitcoin #art:
Two Women at a Window (1655–1660) - Bartolomé Esteban Murillo
🇷🇺 Russian commodities w/ 🇨🇳 Chinese tech would be a serious force in #Bitcoin mining.
🇷🇺 will provide the cheap energy & 🇨🇳 will develop the tech to make cheap & fast ASIC miners.
The 🇨🇳 Yuan is slowly increasing its market share vs. the 🇺🇸 Dollar.
But will the 🇨🇳 Chinese be able to resist the temptation to weaponise the Yuan? Just like the 🇺🇸 Americans have weaponised the Dollar...
#Bitcoin is the only feasible world reserve currency in a 🌍 without imperial control
Sanctions on 🇷🇺 Russia halted Russian imports from the 🇪🇺 EU.
🇮🇳 India is more than happy to fill the gap.
Sanctions weaken 🇪🇺 EU manufacturing & strengthen 🇮🇳 Indian manufcturing.
Another example of central planners not grasping the "law of unintended consequences".
Well done 🇪🇺 EU! 👏 🤡
#Bitcoin #art:
Judith Beheading Holofernes (1598–1599) - Caravaggio
Sign of the moral bankruptcy of the EU 🇪🇺.
Big strategic mistake b/c standing for freedom of expression would have given it a lot of soft power across the 🌍
Rep. Gaetz Resolution Would Make Biden Disclose Number Of US Troops In Ukraine https://www.zerohedge.com/political/rep-gaetz-resolution-would-make-biden-disclose-number-us-troops-ukraine
If that came out it would be really embarrassing for the WH…
Just like rockets 🚀 reach further if they experience less friction.
Nicely said!
Kodak used to have 90% market share in the 🇺🇸 US.
It invented the first digital camera in 1975, but went bankrupt in 2012 b/c it was too slow to transition to this new technology.
Today the 🇺🇸 US is market leader in Finance.
History tells us the 🇺🇸 US will probably be too slow to transition to the new technology (#Bitcoin) and lose its leadership position.
As a last and desperate measure the 👑 king's government exponentially inflated the money supply in 1789 and 1790.
Instead of saving the situation, this only made it far worse.
In 1793 the 👑 king (Louis XVI) paid the ultimatre price when he was executed by guillotine.
In the 1780s 🇫🇷 France's & 🇬🇧 Britain's national debt was about the same.
But 🇫🇷 France's interest payments were nearly double. This led to increased taxes which created the public resistance eventually culminating into the storming of the Bastille in 1789.
#Bitcoin could have saved the 👑 king's head.
The French state was famous for currency revaluations, repudiations of debt and other arbitrary actions against debt-holders.
This caused it to pay higher and higher rates on its debt.
18th century France could have really used a #Bitcoin standard!
In the 18th century the port of La Rochelle in 🇫🇷 France was competing with the 🇬🇧 British ports of Liverpool and Glasgow for trans-Atlantic trade.
It didn't stand a chance. Why?
Unlike its 🇬🇧 British counterparts, it was constantly preyed upon by the French 👑 crown looking for new revenue sources.
