Nostr Web Client

It’s also important to realize that the majority of the world does not have the privilege of living in America where we can print the world’s reserve currency.

Look at Lebanon or Turkey or Nigeria or Venezuela or any number of countries where citizens have seen the value of their money—their purchasing power—cut in half overnight by an arbitrary decision by a small group of unelected bureaucrats and bankers.

Rizz Papi 2y ago

sure but at the end of the day people need to eat and sleep and they need *price* to buy food and roof on top of their heads.

Btc has value, but will it buy and fulfill people’s needs and necessities? and you gotta remember not everyone has a disposable income to begin with to invest in btc or other assets

Replying to

Odler Hodler

In short, with sound money:

• Debt would be scarce

• Savings would be abundant

• Things would be affordable

• and your money would get more valuable over time

Ok, that sounds pretty good to me...

Let's do that then.

#Bitcoin 😎

Rizz Papi 2y ago

Everything is dandy until you check the real world and almost everything you consume comes from countries that have never heard of btc at all, or even the people themselves do not understand what it is.

Your money would get more valuable? BTC has been down half of its value since 2-3 years ago. If you have disposable income in a meantime, great for you but how about other who don’t? wait their savings in btc bounce back?

Replying to

Jack K

In the transition from fiat to btc, bitcoin is savings technology and if you can spend it, a medium of exchange.

Bitcoin can only protect the value you have accrued in fiat at the time the exchange takes place.

When you have a salary with yearly negotiations, btc does not help you retain the value you will earn throughout the year if you sign a contract earning fiat. Your income is still subject to being devalued…only when you are paid and can convert to btc can that value accrued be locked in.

If you really wanna accelerate, demand a fixed salary in denominated in btc. Instead of earning $100,000 per year, ask for 5 bitcoin per year ($20k/btc). This is protect your salary from dollar devaluations throughout the year. At some point, your real earnings will explode higher…it’s just math.

Rizz Papi 2y ago

Let’s say ok I converted everything to btc and when it fluctuates so much what happened? I lose even more just like btc now have been cut in half in value.

If it keeps going up, great! Everyone wants that and you never have $1 today then tomorrow it will be only 50c

unless it was 2008

Rizz Papi 2y ago

Former NBA player Shawn Kemp arrested

https://sportswriters.com/experiences/police-arrest-ex-nba-star-shawn-kemp-on-drive-by-shooting-charge

Rizz Papi 2y ago

Jim Boeheim stepping down as Syracuse Orange coach after 47 seasons

https://sportswriters.com/experiences/ncaa-syracuse-coach-jim-boeheim-stepping-down-after-47-seasons

Replying to

gladstein

It can’t, but if it is the reserve currency then dictators can’t get bailed out as infinitum plunging their countries into impossible amounts of debt

Rizz Papi 2y ago

Oh okay thanks for the reply.

Let’s say Bitcoin is finally ready and fully implemented in every fabric of the financial system.

I am an average Joe who works paycheck to paycheck. How can Bitcoin help me to elevate ‘my poverty?’

Isn’t is just a different payment/monetary system?

Replying to

Guy Swann

It doesn’t “fix poverty,” but it solves an enormous systemic theft and breakdown of value communication in society that causes tons of poverty that wouldn’t have otherwise occurred.

Rizz Papi 2y ago

Oh okay thanks for the reply.

Let’s say Bitcoin is finally ready and fully implemented in every fabric of the financial system.

I am an average Joe who works paycheck to paycheck. How can Bitcoin help me to elevate ‘my poverty?’

Isn’t is just a different payment/monetary system?

Rizz Papi 2y ago

NFL: Only a few teams can afford Lamar Jackson right now

https://sportswriters.com/experiences/nfl-lamar-jackson-to-negotiate-with-other-teams-following-ravens-non-exclusive-tag

Replying to

walker

Wow, look at all the tax money the government spent on roads! 🫠

Rizz Papi 2y ago

Car-oriented design is not the future. Walkable cities are.