Today I was going another city to visit my business partner, my younger daughter calling me for help and she can not find her iPhone, after I give her advice how to find it, my daughter said:”ok,Daddy,thanks for your help,I will not bother you anymore! Although I know she’s going to play the iPhone immediately, I still felt sweet her politeness.
In the despotism country, government officers considers they’re intellectually than entrepreneurs, If government officers manage their company the profits will brighter than before, this stupid ideas often made tragic destroy the economic.
Why does the world need #Bitcoin ?
GPT-4: While it's a matter of perspective whether the world "needs" Bitcoin, there are several reasons why Bitcoin and other cryptocurrencies have gained popularity and are seen as valuable by many people:
1. Decentralization: Bitcoin operates on a decentralized network, meaning that no single entity, such as a government or financial institution, can control it. This decentralization can provide more freedom, autonomy, and resistance to censorship or manipulation.
2. Financial inclusion: Bitcoin can provide access to financial services for individuals who are unbanked or underbanked, particularly in regions where traditional banking infrastructure is limited or unavailable. With a smartphone and internet access, anyone can use Bitcoin for transactions, remittances, and storing value.
3. Lower transaction fees: Bitcoin transactions can have lower fees compared to traditional financial services, especially for cross-border transactions. This can benefit both consumers and businesses by reducing costs associated with international transfers.
4. Transparency and security: Bitcoin transactions are recorded on a public, tamper-resistant ledger called the blockchain. This provides transparency and security, as transactions can be easily verified and traced, reducing the risk of fraud and corruption.
5. Limited supply and inflation resistance: Bitcoin has a capped supply of 21 million coins, making it a deflationary currency. This limit reduces the risk of inflation, which can erode the purchasing power of traditional currencies over time.
6. Privacy: While not fully anonymous, Bitcoin offers a greater degree of privacy compared to traditional financial transactions, as transactions are only linked to a public address rather than personal information.
7. Investment and diversification: Many people view Bitcoin as a valuable investment and a way to diversify their financial portfolios. As a digital asset, Bitcoin has shown the potential for significant growth in value over time, although it's essential to note that it also carries risks and volatility.
8. Programmable money: Bitcoin and other cryptocurrencies enable programmable money through smart contracts, which can automate and streamline various financial processes and transactions, leading to increased efficiency and new business models.
It's important to note that Bitcoin and other cryptocurrencies also have their drawbacks, such as volatility, scalability issues, and energy consumption. The perceived need for Bitcoin can vary depending on individual perspectives, financial situations, and regional circumstances.
What embarrassing is Fed! LOL!
The main reason why the government cannot get rid of the endless cycle of currency overissuance is twofold. First, government officials constantly emphasize the necessity of economic intervention to demonstrate their professional ability, which can be used as a bargaining chip in the next election. Another reason is to expand the government's power through this approach, despite the strong constraints on government power in the constitution. When facing crises, people repeatedly hope that the government can save the economy and sacrifice the freedom granted by the constitution, allowing the government to succeed repeatedly, with the ultimate cost being borne by all citizens.
During the process of significant economic development in western countries, the living space of social sciences has been squeezed repeatedly. Through the design of the education system and economic development planning, the arts and free economic science development have been restricted, while natural sciences and skill-oriented disciplines have been vigorously encouraged. Over generations, few people have cared about freedom, politics, or even corruption, as these cannot solve survival problems. Classical liberal thought can only be powerless cries within limited circles, and the government's purpose has been achieved
Stay away who always laughts your when you made mistike, stay away who always take the benifit with out consider others, stay away who have not empathy with other's sadly, stay away these people you will have a happyness life.
Inflation is the result of economic growing, not the reason.
How inflation influence our life? It's a intresting question, almost theory consider that moderation inflation could make economic grow up, lots of goverment in the world trust that theory deeply, most economic policy made by the logic of that, sadly they all wrong.