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Bitopia
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History & geopolitics through a #Bitcoin lense.

Because of #Bitcoin sharing personal information with brands will be a way to earn money

Manufacturing output of a country is an important indicator of (future) military power.

Look at the first image. The table shows per capita output for 1750-1900. The growth of the 🇺🇸US is note worthy.

Now look at the second image. What is happening?

#geopolitics

#Bitcoin will make loyalty programs really easy and rewarding at the same time.

The @ecb is responsible for inflation

Europe now has to make a choice:

1- Adopt a #Bitcoin standard, or...

2- Continue the death spiral (and adopt a #Bitcoin standard after everything has come crashing down)

https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230625~1624b322e4.en.html

The tragedy of Peter Schiff is that he is spot-on about the problems we are facing.

It’s the solution (gold) he proposes that doesn’t make any sense…

https://news.bitcoin.com/economist-peter-schiff-slams-fed-chair-over-economic-concerns-claims-powell-overlooks-far-more-relevant-factors/

Interesting developments in Russia.

Is it a coup, a power struggle, or an elaborate misinformation campaign?

#geopolitics

https://www.bbc.com/news/world-europe-66005256

Amazing data...

8% of Africans currently own #Bitcoin/crypto. That's more than 100 million!

46% of which are women.

https://news.bitcoin.com/study-crypto-adoption-more-significant-in-poorer-african-countries/

It would be a lot more productive if China and Malaysia would partner on developing a #Bitcoin ASIC miner…

https://news.bitcoin.com/china-and-malaysia-to-research-ai-for-blockchain-applications-in-trade/

Tragic to see people fall into this trap…

Just to impress people they don’t know and don’t really care about 🤦‍♂️

Replying to Avatar Cyph3rp9nk

Looks like a good strategy 👍

Peter Schiff’s analysis of the financial system and its weaknesses is spot-on.

He probably also knows #Bitcoin is far superior to #gold, but is too proud to admit he was wrong.

He will have to admit it one day. When do you think that will be?

Ledger’s CEO on WhatBitcoinDid estimates that there are 10 million #Bitcoin users having their sats in cold storage.

This is only 10% of the 100 million #Bitcoin users 😱

If 90% don't use cold storage after everthing that happened, how are we ever going to convince them?

Peter Schiff is right that the only thing #gold has on #Bitcoin is history.

#Bitcoin beats gold by a landslide on every other property.

Peter Schiff probably knows this and avoids any talk about what gives gold its intrinsic value.

It's not the #Bitcoin on the balance sheet that makes acountry strong (although it does help)

It's the effect #Bitcoin has on the economy, via efficient capital allocation, that makes the country strong

Sequence of events of Rome's decline:

1- Centralisation

2- Increased spending

3- Debasement

4- Exponential increase in spending

5- Exponential debasement

6- Economic & social collapse

#Bitcoin #art:

The Sicilian Vespers (1822) - Francesco Hayez

The productive forces unleashed by the Industrial Revolution are miniscule compared to the productive forces that will be unleashed by the #Bitcoin Revolution.

The Industrial Revolution was a gradual process that first only affected certain means of production, and spread region by region

The #Bitcoin Revolution will also spread gradually, and region by region...