"Man never made any material as resilient as #Bitcoin"
-Bernard Williams
#Bitcoin art:
Three singers (1795) - Angelica Kauffman
🇨🇳China & 🇮🇳India had silver economies and were blown away by Europe's gold economies.
The same will happen with Bitcoin vs. fiat economies.
Russia is pro-#Bitcoin mining while the West is hostile against it...
This is signal right there about how the world of geopolitics will look like in 20 yrs.
#Bitcoin is the physical reality of the words scribbled on paper in the American Constitution...
BRICS will discuss alternative payment methods to the USD next year
It will be interesting to see if they mention #Bitcoin this time already
#Bitcoin is not going to die
Countries can fight it & be taken over
Or accept it & thrive
Forget the blubbering of famous economists with prestigious degrees & Nobel prizes
Inflation is one of the easiest concepts to understand 👇
Africa doesn't have the geography for physical trade
But geography is irrelevant for digital trade
#Bitcoin will help Africa deal with its physical constraints
Private property incentives people to live their best life
But it always gets tread on by centralised power structures
#Bitcoin is unassailable private property
A country lowering its exchange rate to improve exports is only window dressing
In reality it is selling its national resources at a discount
Forward-looking countries sell their resources in #Bitcoin
🇸🇻 El Salvador is living proof of this...
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The Bitcoin Standard is the only way for China and the US to avoid war.
Without the world financial ledger becoming the country-agnostic Bitcoin Standard they will always fight each other for control of the world's financial fiat ledger.
Global FX markets exchange $7.5 trillion PER DAY.
This is 30x global GDP per day!
Let that sink in...
#Bitcoin
No nation has ever risen to world class on an easy money currency...
#Bitcoin
🇸🇻
🇨🇭Switzerland had its currency pegged to #gold untill 1973.
1975 was when its unemployment rate started to deviate meaningfully from 0%.
Coincidence?
Economy x Technology determines the success of a nation.
#Bitcoin amplifies both.
The wrong price signals caused by fiat money cause mass misallocation of capital.
If every country in the world is on a fiat standard all you have to do to win the game of geopolitics is move to a Bitcoin standard.
A country that manipulates prices is playing a dangerous game.
It leads to economic misallocation and can cause the country's downfall.
A low savings rate means a majority of people are living paycheck to paycheck. And get in trouble when a crisis hits...
People will be unable to sustain themselves and the government will have to take care, or face social unrest.
Both scenarios drain resources…