Creating currency units is not the same as creating value.
Creating currency units does however scr*w up the process of creating value.
If only 🇨🇳China and 🇮🇳India would unleash the power of their huge populations by adopting #Bitcoin.
Imagine what this would do to the world...
"The supreme art of war is to subdue the enemy without fighting."
-Sun Tzu
There is limitless amounts of water in the world. All it requires is human ingenuity and technology.
Both of which are optimised by #Bitcoin...😎
Time is the scarcest asset there is.
#Bitcoin is #2 and helps optimise #1.
Today's savings are tomorrow's consumption.
But with #Bitcoin tomorrow's consumption is more than today's savings.
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BRICS+ moving away from the USD will be a big catalyst for #Bitcoin adoption:
1) They will first try a basket of currencies
2) They will realise these currencies are also manipulated
3) They might try something gold-backed
4) Realise this is no different
5) Use #Bitcoin for trade
#Bitcoin is the cure for short-termism.
We are still living of the inventions and industrial base created in the 19th century.
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The fiat money system is doing exactly this and thus is a dangerous game.
Its capital misallocation not only robs us of a better future but by enriching a few at the expense of the majority it is also highly de-stabilising.
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A country becomes strong if its government limits itself to the protection of national borders, private property and free trade.
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🇷🇺Russia will now treat #Bitcoin as a commodity and export it for fiat.
It will soon realise this is a mistake and start demanding #Bitcoin for every other commodity it exports.
"Tyranny was always better organized than freedom, until #Bitcoin"
-Charles Peguy
Countries artificially lowering their exchange rates are only window-dressing.
In reality they are selling their resources and national output at a discount.
And thus weakening themselves.
No country has ever risen to top-tier on a weak currency...
After WW2 🇨ðŸ‡Switzerland had an unemployment rate of near 0% until 1975.
It went off the gold standard in 1973.
Coincidence?
You can't plan how much building materials you need if the measurements of your house constantly change.
Similar, you can make consumption or saving decisions if the value of your money constantly changes.
The number of innovations per capita peaked in the 19th century under the gold standard.
It will peak again in the 21st century under a #Bitcoin standard.
Price controls f*ck with prices, which is a dangerous game.
It causes economic deterioration and society's downfall.
Just look at the Soviet Union.
Countries without private property are weak and will always lose in the long-term.