But they will never own a majority of #Bitcoin...
United in Bitcoin…
Towards world peace!
#Bitcoin #art:
The Balcony Room (1845) - Adolph Von Menzel
It will continue to grow exponentially…
That the issue with a debt-based system where interest has to be paid on the interest.
The advantage of being in control of the Bosporus is that you can negotiate as hard as Erdogan does...
#geopolitics
MS Yellen is right in that the BRICS currency will not threaten the dollar directly.
But it will make the world ready to go off the dollar and embrace #Bitcoin for trade and universal store of value.
https://news.bitcoin.com/treasury-secretary-yellen-brics-currency-wont-threaten-us-dollar-dominance/
BRICS’ gold-backed currency will benefit Iran in the short run.
But how are they going to make sure all 5 BRICS nations will keep being honest about how much gold they have?
Gold has an extensive monetary history and it clearly shows that even when it was a bearer asset it was eventually always manipulated (gold in coins was mixed with other metals).
When it was the guarantor of paper-money (a gold-backed currency) it was even easier to manipulate. And it always was…
What do you think is going to happen to this BRICS currency?
The best way for the 🇺🇸US to counter the BRICS gold-backed currency is to fully embrace #Bitcoin.
This will take the wind out of the sails of the BRICS currency REALLY FAST!
So this is why Ms Lagarde is taking all these decisions that will destroy the Euro and the EU.
She has this note on her mind 😅
The 🇨🇭Swiss recognise value when they see it.
#Bitcoin isn't just a financial revolution.
It will also cause a revolution in #Marketing.
The consumer instead of brands will be in the driver seat.
It will start with Loyalty Programs 👇
https://damus.io/note19nt5tgsy7fwjqly4xshnca4c4cecsm0evyqcwfxjkz4jmhz0vfsq70meqt
1 nation's gold-backed currency requires trusting that nation to not secretly print more money than the peg allows.
5 nations launching a gold-backed currency requires trusting 5 nations to hold the peg.
Do you seriously believe the BRICS currency is going to hold?
Dear Zimbabwean central bank, can we check how much gold you have stored to back the currency?
No you can’t. Trust me bro...
https://news.bitcoin.com/report-zimbabwe-central-bank-begins-gold-backed-digital-currency-dry-run/
He is right, of course
But every Bitcoiner knows they are going to raise their inflation targets anyways
No other choice. It’s just math as Gregg Foss likes to remind us
First Blinken, now Yellen...
Is the 🇺🇸US trying to fix relations with 🇨🇳China or are they trying to buy time?
“All #Bitcoin journeys have secret destinations of which the traveler is unaware.”
-Martin Buber
"#Bitcoin is not backed by anything"
It's backed by its scarcity
And its ease of ownership gives it the highest financial premium
Clock is ticking 🕰️
#Bitcoin #art:
The Russian Ship of the Line "Asow" and a Frigate at Anchor in the Roads of Elsinore (1828) - Christoffer Wilhelm Eckersberg
A gay vigilante priest with a gun and an awesome moustache…
Interesting...
40% of South Africans are familiar with Web3, while the rest of the world (especially the VC world) is desperately looking for a useful Web3 use case
https://news.bitcoin.com/40-of-south-africans-familiar-with-the-concept-of-web3-study/