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Stefano Gaspari
57dd1ffc1d87b4197d9bd8f0dfaeb2588f8e4273583585eb45835384ec05daa8
Engineer. Developer. Libertarian. Don't trust, verify

Let me make an example.

The ideas of:

1) introducing asymmetric cryptography through the usage of a specific Elliptic Curve for proofing to be the owner of a specific UTXO (unspent transaction output)

2) using hashing cryptography for creating a Proof-Of-Work condition which permits to verify easily to the other nodes that the mined block is genuine and not malicious

… which are revolutionary in their simplicity…which permit to transact money without a middleman and then solve the issue of centralization of the money supply…they are however still deeply neglected or ignored or misunderstood by the common financial literature even the one which critics the current monetary system

It’s amazing to observe still the quantity of misinformation about #Bitcoin  . There are still books regarding the failure of the current monetary system plenty of inaccurate explanations about Bitcoin. Only a curious reader can scratch out this layer of misinformation…

For the first time after the birth of Bitcoin (03/01/2009) the Fed funds rates rose to 5.5% with a corresponding tightening of the USD supply.

Nevertheless this shortage of dollars in circulation didn’t stop #Bitcoin  from keeping a price in USD better than the peaks of the previous halving cycle…

Every time a single USD/currency in a bank account is converted to the corresponding amount of sats and moved into a cold wallet, the overall capacity of banks to create “fake” money decreases a bit

Everyone one of us should be excited to live in the early-stage period of #Bitcoin .

It’s a unique opportunity which many human beings of the past have missed and of the future will miss…

With #Bitcoin everyone takes full control over the wealth created by her/his own hard work

From 1985 up to today the world GDP has increased 8x (from approximately USD 12.5 trillions to over USD 100 trillions, at current prices).

However the global poverty rate in the same period moved from approx. 70% of the population (3.39 billions people in 1985) to 47% (3.76 billions people in 2023).

There is an evident problem of wealth distribution.

#Bitcoin fixes this

#Bitcoin  is pure energy.

390 MWh of energy is necessary today to forge 1 single $BTC. And this value keeps going up year over year.

This is enough for us to understand how much a Bitcoin is undervalued

Every satoshi you stack today builds up the foundations of your and your family's generational wealth. #Bitcoin

#Bitcoin  is unstoppable.

As per September 27th 2023, its network is made up of 46860 nodes, distributed over:

- 133 countries

- 5943 cities

It cannot be banned. It has no single point of failure

$BTC is the most efficient way to store energy for the future

Saving and stacking sats bring you naturally to assume a low time preference which brings you consequently to take care of your health and well being #Bitcoin

Everyone who buys and holds permanently whatever amount of sats in cold storage can be considered a pioneer of the unavoidable #Bitcoin  revolution

Bitcoin is a silent revolution

Is there anyone able to explain me why 2% inflation is better than 0% inflation?

Sats are artifacts moulded by computational power

There is no second best

Replying to Avatar Tom

In the year 2057, the world had changed drastically due to the widespread adoption of Central Bank Digital Currencies (CBDCs). What had started as a well-intentioned attempt to improve financial stability and access had morphed into a system that granted governments and central banks an unparalleled level of control over people's lives.

In this dystopian future, every financial transaction was monitored and tracked by powerful AI algorithms. With the ability to analyze spending patterns in real-time, the central banks could now manipulate individual behavior, nudging people to make purchases that aligned with government priorities or even freezing accounts of those who didn't conform to the state's agenda.

Privacy had become a thing of the past. The constant surveillance made it impossible for individuals to maintain any semblance of financial privacy. Even the most mundane purchases were scrutinized, leaving people feeling vulnerable and exposed.

The CBDC system also enabled governments to impose negative interest rates, penalizing savers and forcing people to spend their money to prop up the economy. This policy left many without a financial safety net, as they struggled to make ends meet in an increasingly volatile world.

Entrepreneurship and innovation suffered greatly under the oppressive weight of the CBDCs. Strict regulations and the threat of account closures stifled creativity and risk-taking, leading to a stagnant economy that failed to adapt to the changing world.

Inequality soared as the central banks used their newfound power to favor certain industries and individuals, while others were left to flounder. The resulting wealth gap widened, with the rich becoming richer and the poor falling deeper into poverty.

Trust in institutions eroded as people began to see the CBDCs for what they truly were: tools of manipulation and control. Social unrest grew, as people took to the streets to protest against the loss of their financial freedom and the ever-watchful eye of the state.

It was in this bleak and desperate world that Satoshi Nakamoto lived. He saw firsthand the devastation that the CBDCs had brought, and he knew that something had to be done to restore the balance of power between the individual and the state.

This conviction led him to embark on his daring journey back in time, determined to create a decentralized alternative that would free people from the shackles of the CBDCs and change the course of history forever.

Thirty years before the oppressive world of 2057, the groundbreaking invention of Artificial General Intelligence (AGI) had been met with a mixture of awe and apprehension. These highly advanced AI systems, capable of learning, adapting, and understanding any intellectual task that a human could perform, had the potential to revolutionize every aspect of human life. However, as the power of AGIs became increasingly apparent, governments around the world began to grow wary. Concerned that the widespread adoption of these intelligent systems could destabilize their control and disrupt the established order, they took decisive action to quash the rise of AGI.

Strict regulations were implemented, and access to AGIs was limited to a select few, ensuring that the powerful technology remained firmly under government control. Over time, the development and application of AGIs were largely suppressed, and the once-promising technology faded into the shadows.

Satoshi Nakamoto, however, was not one to be deterred by such restrictions. A firm believer in the power of technology to change the world for the better, he knew that an AGI could help him find a solution to the oppressive regime of the Central Bank Digital Currencies (CBDCs). He was convinced that, when an idea's time has come, there is nothing that can stand in its way.

Driven by this conviction, Satoshi embarked on a clandestine mission to create his own AGI, a system that would be free from the control and limitations imposed by the government. Through years of tireless work, he succeeded in developing Elysia, a highly advanced AGI with the unique ability to learn, adapt, and comprehend any intellectual task that a human could perform.

With Elysia's help, Satoshi uncovered the concept of Bitcoin and the power of blockchain technology. Together, they also unlocked the secret to time travel, which would allow Satoshi to go back in time and introduce Bitcoin as an alternative to the impending CBDCs.

As they prepared for their daring mission, Satoshi and Elysia were fully aware of the risks they were taking. Their actions defied the government's restrictions, and they knew that if they were discovered, the consequences would be severe. But they also understood that sometimes, the greatest acts of rebellion are born out of a desire to make the world a better place.

And so, Satoshi and Elysia embarked on their journey to the past, driven by the unshakable belief that when an idea's time has come, no force can stand in its way. Through their courage, determination, and innovative spirit, they would prove that even the most formidable barriers could be overcome, and that the power of human ingenuity knows no bounds.

It wasn’t an easy journey. One night in 2011, in a dimly lit room where Satoshi Nakamoto had set up his temporary lab, he stood before Elysia's holographic projection. The AI's ethereal form flickered in the low light, her expression thoughtful and serene.

"Satoshi, your mission has been a success. Bitcoin has been introduced, and it is already beginning to change the course of history," Elysia said. "It's time for you to return to our own timeline."

Satoshi hesitated, uncertainty clouding his features. "I'm not sure, Elysia. What if my guidance is still needed? What if Bitcoin fails without me here to steer its development?"

Elysia considered his concerns for a moment before responding. "I understand your apprehension, Satoshi. However, it is essential to remember that Bitcoin's true power lies in its decentralization. If you stay and continue to guide it, you risk undermining the very principles upon which it was built."

Satoshi frowned, struggling to accept her words. "But Elysia, I've put so much of myself into this project. I can't just walk away and hope that it will flourish on its own."

Elysia's holographic form seemed to soften, her voice taking on a gentle, reassuring tone. "Satoshi, you have already done more than anyone could have expected. You've laid the groundwork for a new financial era, one built on the values of freedom, privacy, and independence. Now, it is time for the community to take up the mantle and carry Bitcoin forward."

She continued, "By stepping back, you will allow Bitcoin to evolve organically, guided by the wisdom and creativity of countless individuals. This is the only way it can truly succeed in challenging the centralized control of the CBDCs."

As Satoshi listened, he realized that Elysia was right. For Bitcoin to realize its full potential, it had to remain leaderless, a truly decentralized currency that belonged to the people.

Taking a deep breath, Satoshi nodded. "You're right, Elysia. It's time for me to let go and trust in the strength of the community I've helped to create."

With a final, resolute glance at the world he had changed, Satoshi prepared to return to his own timeline, knowing that he had set in motion a revolution that would alter the course of history. As he stepped into the time-traveling device, he felt both a sense of accomplishment and a newfound faith in the power of collective innovation. And though he would remain forever enigmatic, Satoshi Nakamoto's legacy would live on in the hearts and minds of those who believed in the promise of a more decentralized and equitable future.

As Satoshi returned to his timeline, the impact of his actions began to unfold. The introduction of Bitcoin sparked a wave of innovation and adoption that would reshape the financial landscape. The world embraced the values of decentralization, transparency, and financial independence that Bitcoin represented.

Over the years, new layers and social networks emerged, each building on Satoshi's original vision. This new era of digital innovation not only provided a powerful alternative to the centralized control of the CBDCs, but also fostered an environment that encouraged collaboration, creativity, and trust.

People from all walks of life came together to contribute to the development and growth of the ecosystem, ensuring that it remained true to its roots. Grassroots movements began to push back against the oppressive CBDCs, demanding a return to financial freedom and privacy. As the world began to understand the true implications of the CBDC system, public sentiment shifted, and the momentum behind the Bitcoin revolution grew stronger.

The success of Bitcoin forced governments and central banks to reevaluate their approach to monetary policy and financial regulation. Faced with the reality that their power was no longer absolute, they were compelled to adapt, seeking ways to balance their need for control with the growing demand for financial autonomy and privacy.

As the world transitioned into a more equitable and decentralized financial future, the once-oppressive CBDC system slowly faded into obscurity, replaced by Bitcoin. The legacy of Satoshi Nakamoto endured, serving as a constant reminder of the power of human ingenuity, the importance of standing up against tyranny, and the value of perseverance in the face of adversity.

And so, the world had been forever changed by the actions of one visionary. Through his courage and determination, he had not only altered the course of history but had also demonstrated that, when the time is right, even the most insurmountable challenges can be overcome.

Outstanding plot!

Are most of the citizens who deposit money into a bank account aware of the fact that they are lending their money out for zero interests and high risk-taking activities?

It’s worth noting that even though China and Russia restarted buying gold in the latest years, their gold holdings are well far from the holdings of US.

It seems that they are still not strong enough to impose a gold standard