Hi, San Salvador, Bitcoin Country!
Initially, I read “25 degrees uphill”.
Flabbergasted.
Note to self: need a run, too.
My talk titled "Bitcoin Education for Trade and Industry" will start at 4:00pm. See you all in San Salvador!
Also check out the whole event. I find unconferences ideal for Bitcoin ethos: http://bitcoinunconference.com
Vielen Dank nostr:nprofile1qqsz42npvrt6t7lnh75leplg0lqgpa209zz6vcs88uexc974cr0d7lgpramhxue69uhkummnw3ezuetfde6kuer6wasku7nfvuh8xurpvdjszrthwden5te0dehhxtnvdakqx5phuv für die Teilnahme an meiner Fragerunde.
#Bitcoin
Danke Dir für Deine Fragen und damit wieder ein Stückchen Unterstützung für Bitcoin in der Realwirtschaft.
Orange pilling the real economy in the face of Bitcoin volatility.
Mission possible?
Bitcoin Treasury Companies are the way.
Fiat monopoly money must be ended.
Nostr needs a structured debating format, similar to Kialo.
The “twitter” format is too redundant, wasteful, and instills madness of crowds.
1 Bitcoin bis only 25 gold coins today.
nostr:note1ssxssgw7z2x7juxfq6fxeepx85wm98huhxyfhykd2s8kug9pvxeqfthgw7
"Local currency trade is picking up between BRICS countries much faster than expected, reducing dependence on the US$", says Robert Besseling of @PangeaRisk at @gtreview Egypt 🇪🇬.
Interesting. But is it is a sustainable development?
Money has strong network effects which ultimately must converge again.
The lesson of the recent past: Global Trade needs a geopolitically neutral money which no nation state can debase or abuse. #bitcoin
Try to be rational.
The goal is to find out what the REAL, the fundamental value of bitcoin may be.
Study up on tatonnement and then look again at a long term chart. Consider the fundamental news at the time of peaks. Consider past maxima which tested the top.
Expressed in a real money like gold not in useless fiat, of course.
Not a cherry picking. You need to look at the price of it gold coins - Not the money illusion of fiat money.
Bitcoin cost 38 to 39 gold coins in 2021 when El Salvador announced legal tender.
Now it exchanges only into 30 gold coins. Too little progress with monetisation.
This is unbearable, sorry. Let’s criticise fiat money but also make sense:
It is simply inaccurate that people have “never been able” to store “money in money”.
1. Gold used to be money. Great SoV, for millennia.
2. People also invest in land, equities. Both store value.
3. Bitcoin is down severely vs. gold. Has been for 4 years.
Nothing changes. Economic laws are what they are.
Did you notice that it declined in September.
This warrants more nuanced questions.
At tomorrow's Commodity Trade Finance Conference in Geneva🇨🇭, Bitcredit Protocol will be right in the mouth of the dragon.
Our keynote will educate global traders about how #Bitcoin helps them with all the trouble and hindrances which political fiat money causes in international trade, distorting everything.
Our Bitcoin-themed booth will be right beside those of the big fiat banks captured by that miserable system.
Wish us luck. We'll send photos.
Really looking forward to be a panelist at “The Future of Money: How will the world pay in the next 10 years?” hosted by the Vienna Institute for Global Studies on September 26 at WeXelerate, Vienna.
Key topics on the table:
- The disappearance of physical cash and its cultural impact
- The dystopia of digital government money
- Total surveillance & control in cashless ecosystems
- The promise of Bitcoin (not "Crypto") for a future society
👉 Reserve your spot here: https://lnkd.in/de9AK8MD
Writing my keynote for next week in Istanbul.
In a realistic #bitcoin future, there exist only two kinds of money:
1. Bitcoin base money (BTC, M0)
2. Bitcoin credit money (Bitcredit, M1)
Credit money may only be created if it’s backed by real goods entering the supply chain. That’s what makes it honest.
Example:
1. A farmer wants new machinery.
2. He finds a bank (ultimately private savers) willing to lend Bitcoin.
3. The deal: “10 BTC now, pay back 12 BTC in 5 years.”
4. The extra 2 BTC cover costs, risk, and profit.
5. If the farmer fails → the bank takes the loss.
No bailouts. No money printing.
Clear enough?
PS: At 12 for 10 the bank is fine if 1 in 5 loans went bad, with a total loss. Unlikely though. With sound banking practice loans are backed by real collateral.
PS: And no state guarantees — those breed inflation.
Exactly the same reasons apply for non-KYC exchanges.
We only need to stabilise Bitcoin , is all.
Mass surveillance is only for the innocents.
The real criminals know how to bypass it.
The renewed investigations into organ donor abuse do not surprise.
It's most important to keep your health and financial data 💯 PRIVATE.
Otherwise goons will get you, government or private.
Satisfying progress and synchronisation of the four ecosystem components over the past three days: eBills v0.4, Wildcat v0.2, eCash wallet design, Clowder prototyping.
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The complete Bitcoin system will not know jurisdictions.
Nation states will have no power over it.
Outright bitcoin and bitcoin credits will be freely accepted in payment, for the system’s soundness and protections, not for legal tender laws.