1861. London is the center of the 🌍

Fashionable ladies marvel at telegraph wires stretching overhead. Well-dressed businessmen put steam engines to work.

🇬🇧 Britain is at the apex of its power

Did you know it was the most #Bitcoin country of the 19th century?

👇

🇬🇧Britain's strength was staggering in 1861, as shown by its share of global production:

-53% of iron

-50% of coal & lignite

-It consumed almost half of the 🌍's cotton output

🇬🇧Britain's industrial capacity was 45% that of the 🌍's and 60% of Europe's.

All while its population was only 2% of the 🌍 & 10% of Europe!

Its energy consumption from modern sources (coal, lignite and oil in 1861) was:

5x that of the 🇺🇸US or 🇩🇪Germany

6x that of 🇫🇷France

155x (!) that of 🇷🇺Russia

🇬🇧Britain was responsible for 20% of the world's commerce & 40% of trade in manufactured products

Its merchant fleet employed 30% of all the merchant ships in the world!

🇬🇧Britain truly ruled the waves...

How did 🇬🇧Britain achieve these staggering feats?

It was a #Bitcoin country!

This is why 👇

1- Gold standard

🇬🇧Britain's adoption of the gold-standard (1816) made the pound stable & reliable

Combined with Britain's economic prowess, this was the reason an international payments mechanism developed based on bills from London

This made international trade a lot easier..

The gold standard heralded a period of great inventions:

-Steam locomotive (1816)

-Electric motor (1821)

-Analytical engine (1830s)

-Telegraph (1837)

-Sewing machine (1846)

-Vulcanized rubber (1844)

-Photography (1839)

2- Minimal government

The 🇬🇧British believed in laissez-faire economy & reduction of state control over economy & individual

Government expenses were seen as an impediment to growth & were to be avoided where possible

Adam Smith explains 👇

3-Trade & eternal peace

The Brits preached trade & eternal peace. Make money, not war...

They didn't believe in any restrictions to trade & opened their home market to everyone. Their rivals often engaged in protectionist policies.

4- Investments all over the globe

Money made overseas was often invested overseas as well.

🇬🇧Britain built railways, ports, utilities & agricultural enterprises.

And the proceeds of these investments could be exported to its home market

There is a great lesson to be learned from 19th century 🇬🇧Britain

Any nation aspiring to greatness should realise the growth potential of a #Bitcoin mentality

Greatness is within your grasp!

1861. London is the center of the 🌍

Fashionable ladies marvel at telegraph wires stretching overhead. Well-dressed businessmen put steam engines to work.

🇬🇧 Britain is at the apex of its power

Did you know it was the most #Bitcoin country of the 19th century?

👇

🇬🇧Britain's strength was staggering in 1861, as shown by its share of global production:

-53% of iron

-50% of coal & lignite

-It consumed almost half of the 🌍's cotton output

🇬🇧Britain's industrial capacity was 45% that of the 🌍's and 60% of Europe's.

All while its population was only 2% of the 🌍 & 10% of Europe!

Its energy consumption from modern sources (coal, lignite and oil in 1861) was:

5x that of the 🇺🇸US or 🇩🇪Germany

6x that of 🇫🇷France

155x (!) that of 🇷🇺Russia

🇬🇧Britain was responsible for 20% of the world's commerce & 40% of trade in manufactured products

Its merchant fleet employed 30% of all the merchant ships in the world!

🇬🇧Britain truly ruled the waves...

How did 🇬🇧Britain achieve these staggering feats?

It was a #Bitcoin country!

This is why 👇

1- Gold standard

🇬🇧Britain's adoption of the gold-standard (1816) made the pound stable & reliable

Combined with Britain's economic prowess, this was the reason an international payments mechanism developed based on bills from London

This made international trade a lot easier..

The gold standard heralded a period of great inventions:

-Steam locomotive (1816)

-Electric motor (1821)

-Analytical engine (1830s)

-Telegraph (1837)

-Sewing machine (1846)

-Vulcanized rubber (1844)

-Photography (1839)

2- Minimal government

The 🇬🇧British believed in laissez-faire economy & reduction of state control over economy & individual

Government expenses were seen as an impediment to growth & were to be avoided where possible

Adam Smith explains 👇

3-Trade & eternal peace

The Brits preached trade & eternal peace. Make money, not war...

They didn't believe in any restrictions to trade & opened their home market to everyone. Their rivals often engaged in protectionist policies.

4- Investments all over the globe

Money made overseas was often invested overseas as well.

🇬🇧Britain built railways, ports, utilities & agricultural enterprises.

And the proceeds of these investments could be exported to its home market

There is a great lesson to be learned from 19th century 🇬🇧Britain

Any nation aspiring to greatness should realise the growth potential of a #Bitcoin mentality

Greatness is within your grasp!

🇬🇧Britain's industrial capacity was staggering in 1861:

-45% that of the 🌍's

-60% of Europe's

All while its population was only 2% of the 🌍 & 10% of Europe!

nostr:note1c0xhxaywpxlxfp8xhvu3rmnmukss5eer9tgcv2g8sv3g5p48gr7s58j7j5

And yet the global oil and grain trade continues

But the other side of the trade has those same risks, how come the exact same risks can be overcome for oil but not metal disks?

I can transfer claims on gold digitally, just as we transfer claims on oil digitally

If we have reliable security & dispute arbitration to send oil, grain & manufactured goods around the world, it follows that we have reliable security & dispute arbitration to send precious metal disks around the world.

Or does precious metal somehow uniquely corrupt authority figures?

Will Bitcoin be part of a financial system that allows us to send oil, grain and manufactured goods around the world with confidence?

🇬🇧Britain's industrial capacity was staggering in 1861:

-45% that of the 🌍's

-60% of Europe's

All while its population was only 2% of the 🌍 & 10% of Europe!

nostr:note1c0xhxaywpxlxfp8xhvu3rmnmukss5eer9tgcv2g8sv3g5p48gr7s58j7j5

🇬🇧Britain's industrial capacity was staggering in 1861:

-45% that of the 🌍's

-60% of Europe's

All while its population was only 2% of the 🌍 & 10% of Europe!

nostr:note1c0xhxaywpxlxfp8xhvu3rmnmukss5eer9tgcv2g8sv3g5p48gr7s58j7j5

1861. London is the center of the 🌍

Fashionable ladies marvel at telegraph wires stretching overhead. Well-dressed businessmen put steam engines to work.

🇬🇧 Britain is at the apex of its power

Did you know it was the most #Bitcoin country of the 19th century?

👇

🇬🇧Britain's strength was staggering in 1861, as shown by its share of global production:

-53% of iron

-50% of coal & lignite

-It consumed almost half of the 🌍's cotton output

🇬🇧Britain's industrial capacity was 45% that of the 🌍's and 60% of Europe's.

All while its population was only 2% of the 🌍 & 10% of Europe!

Its energy consumption from modern sources (coal, lignite and oil in 1861) was:

5x that of the 🇺🇸US or 🇩🇪Germany

6x that of 🇫🇷France

155x (!) that of 🇷🇺Russia

🇬🇧Britain was responsible for 20% of the world's commerce & 40% of trade in manufactured products

Its merchant fleet employed 30% of all the merchant ships in the world!

🇬🇧Britain truly ruled the waves...

How did 🇬🇧Britain achieve these staggering feats?

It was a #Bitcoin country!

This is why 👇

1- Gold standard

🇬🇧Britain's adoption of the gold-standard (1816) made the pound stable & reliable

Combined with Britain's economic prowess, this was the reason an international payments mechanism developed based on bills from London

This made international trade a lot easier..

The gold standard heralded a period of great inventions:

-Steam locomotive (1816)

-Electric motor (1821)

-Analytical engine (1830s)

-Telegraph (1837)

-Sewing machine (1846)

-Vulcanized rubber (1844)

-Photography (1839)

2- Minimal government

The 🇬🇧British believed in laissez-faire economy & reduction of state control over economy & individual

Government expenses were seen as an impediment to growth & were to be avoided where possible

Adam Smith explains 👇

3-Trade & eternal peace

The Brits preached trade & eternal peace. Make money, not war...

They didn't believe in any restrictions to trade & opened their home market to everyone. Their rivals often engaged in protectionist policies.

4- Investments all over the globe

Money made overseas was often invested overseas as well.

🇬🇧Britain built railways, ports, utilities & agricultural enterprises.

And the proceeds of these investments could be exported to its home market

There is a great lesson to be learned from 19th century 🇬🇧Britain

Any nation aspiring to greatness should realise the growth potential of a #Bitcoin mentality

Greatness is within your grasp!