Thunderstorms rage on
As bitcoin wavers strong
Nature and the timechain... endures!
Be careful what you wish for 🤩🤙
Every Satoshi (SAT) is a sealed cyber-container for your energy and time.
SATS are stackable.
Stacking SATS = Saving Energy.
Stacking SATS = Saving Time.
Keep stacking, fellow pleb🤙
Every Satoshi (SAT) is a sealed cyber-container for your energy and time.
SATS are stackable.
Stacking SATS = Saving Saving Energy.
Stacking SATS = Saving Saving Time.
Keep stacking, fellow pleb🤙
While Bitcoin never sleeps,
Bitcoiners definitely do,
Dreaming of mass adoption and mooning price,
Good night, sleep tight, fellow plebtopian🤙
Flashes of brilliance
Satoshi Nakamoto's mind
Lit up the darkness
Money-printing is atually a small group of ppl stealing from all of our grandkids...
When the music stops, many ppl are going to be left without a chair...
Golden sun rises,
Bitcoin fills my heart with hope,
New day, new riches.
On a Bitcoin Standard, the incentives are different from those on a Fiat Standard in several ways.
Here are some of the main differences:
1. Decentralization: Bitcoin is a decentralized currency that operates without the need for a central authority to validate transactions or manage the supply. This means that the incentives are not aligned towards any central authority, but rather towards maintaining the integrity of the network and ensuring the security of the blockchain.
2. Fixed supply: Bitcoin has a fixed supply of 21 million coins that will ever exist, which creates a deflationary economic system. This means that the incentives are geared towards holding onto bitcoins, rather than spending them, as their value is expected to increase over time.
3. Transparency: Bitcoin transactions are transparent and traceable, which means that incentives are geared towards honest behavior and accountability rather than secrecy and corruption.
4. Privacy: While Bitcoin transactions are transparent, the identity of the participants is not necessarily revealed. This creates a different set of incentives around personal privacy and the desire to protect oneself from unauthorized access or theft.
5. Security: Bitcoin's security is based on the computational power of its network, which creates incentives to maintain the strength and integrity of the network through honest participation in the mining process.
Overall, the incentives on a bitcoin standard are different from those on a fiat standard because they are geared towards protecting the integrity and security of the network, while also ensuring personal privacy and accountability.
Centralized control of fiat currency issuance has led to several unintended consequences for humanity. These consequences arise from the concentration of power of central banks and governments to decide how much money should circulate in the economy, as well as how it is distributed.
One of the most significant unintended consequences of centralized currency control is inflation. Governments and central banks have the power to increase the money supply, which can lead to higher prices for goods and services. As more money is created, each unit of currency becomes less valuable, leading to a decrease in purchasing power. This ultimately affects the standard of living for individuals and can lead to a decrease in economic growth.
Another unintended consequence of centralized currency control is the potential for corruption and abuse of power. In many instances, governments and central banks have used their control over the money supply to manipulate the economy in their favor. For example, they may provide low-interest loans to politically connected individuals or groups, create artificial market conditions to benefit specific industries, or use the money supply to finance deficit spending.
Centralized currency control can also limit economic freedom and innovation. Governments may stifle competition in the financial sector, making it difficult for new businesses to emerge and provide alternative services to consumers. This lack of competition can ultimately lead to lower-quality services and stagnant economic growth.
Furthermore, centralized currency control can lead to financial instability. When governments and central banks have the power to print unlimited amounts of money, they can create a false sense of security in the economy that can lead to bubbles and subsequent busts. The financial crisis of 2008, which was caused in part by the easy credit policies of the US Federal Reserve, is an example of this.
In conclusion, centralized currency control has led to several unintended consequences for humanity, including inflation, corruption, limited economic freedom, and financial instability. As such, there is a growing movement towards decentralized currency systems such as cryptocurrencies, which provide an alternative to centralized control and have the potential to address some of these unintended consequences.
A new world we seek,
Where power is not for the meek.
Where the rulers are the people,
Not a select few in a steeple.
Bitcoin, oh how you support
Individual sovereignty, a new sort.
No more can the banks keep
Our funds locked in its keep.
With you, we are in control
Our money, our assets, our goal.
No middlemen to take a cut
Of our wealth, leaving us in a rut.
We can now transact with ease,
Without worrying about fees.
No government or corporate powers,
Can take away what we call ours.
Bitcoin, you lead us toward
A world where freedom is our reward.
Where we are in charge of our fate
And our lives are truly great.
They are sooo delusional... can't help them until they stop bullshitting themselves. That usually only happens after falling flat on your face. We were all shitcoiners once upon a time, right?
PV, plebtopians🤙
Their business model, products and services all come from these volumes...
