Economics 101:
A. I have apples, you have fish. We trade…maybe.
B. I have gold you have fish. We trade…definitely.
C. I have currency backed by gold…probably.
D. I have fiat currency…maybe.
E. I have Lebanese pounds…maybe not.
F. I have #bitcoin …absolutely. 
People ask “What is backing #bitcoin ?”
Nothing. Bitcoin is the ‘thing’ that is doing the backing just as gold is the thing.
Both are portable, durable, recognizable, divisible, fungible & scarce. Bitcoin is also transmissible.
That’s why gold and BTC are money, not currency.
Michael Saylor is the most prominent business leader to put #bitcoin on the balance sheet of a publicly traded company, Microstrategy #MSTR .
#Mendocino 
Good morning from #Mendocino where #bitcoin has yet to be discovered as a virtuous local currency, an excellent long-term money for savings (as inflation remains sticky,) a technology that mitigates climate change, a way to circumvent CBDCs and help millions globally who are unbanked. 
$1.2T Federal budget signed into law.
(Why #bitcoin is my preferred money.)
#Mendocino
#Bitcoin has the same number of users as the Internet had in 1997.
In 1997 I had a dialup modem, today I have a signing device. 
“Annual income twenty pounds, annual expenditure nineteen nineteen and six , result happiness.
Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.”
~Charles Dickens,
David Copperfield 
#Mendocino
My child is given a spelling test each week at school and brings home her words to study. There are always 12 words and we share them around the family so we can help her. So these 12 words are on bits of paper, in texts and emails and easily discovered.
I wonder whether a bot or an evil maid might one day discover a week’s worth of spelling words and try entering them into a wallet.
Do you have this experience?…
I run into people each day who are working hard to earn fiat and could really use #bitcoin as a savings mechanism. But they don’t know about bitcoin…yet. So I tell them ‘check it out.’ They look at me sideways but maybe they’ll recall that moment. 
Many times I’ve told individuals about #bitcoin and often receive a blank stare or maybe a smile. Yesterday I brought it up to someone who got it right away. The part they got right away was the problem with our currency and inflation. Then they were interested in bitcoin. 
We're in a bit of a pickle. We see it each time we buy something. The 'price' of things appears to be going up. Actually the purchasing power of our dollars is going down.
As a nation we've just crossed $34.5T in debt. If you write that number out it looks like this: $34,500,000,000,000. This isn't money, it's debt that will never be repaid. It had to be borrowed into existence. Borrowed from whom? People willing to purchase (with other debt denominated currency) Treasury Bonds which have to be paid back with interest. The currency to pay out on these bonds is also printed into existence by the Federal Reserve as they buy yet more Treasury Bonds. And as all this currency comes into existence it makes each unit worth less and so we have inflation and the 'price' of things appears to be going up. But it's actually the purchasing power of our currency going down. 
I’m on Nostr but my #Mendocino community is not (yet.) Neither are they on a #bitcoin standard. So you have to reach people where they’re at whether that’s legacy money or the legacy internet.
2014 Wondering why there was a 3 day hold on a check deposited into an ATM when email could be sent instantly and subsequently seeing this thing called bitcoin on this platform called Coinbase.
“Because proof of work requires large amounts of energy wouldn’t it be better to have some central server validate transactions? And if you did that then you could just add those transactions to a trusted database…couldn’t you?”
Understanding #bitcoin is a process. 
It's a very cold ocean and you’re on a very big ship that they say is unsinkable but you can tell it’s filling with water then you see this lifeboat that seems awfully small but there’s only so much time…
As our dollars continue to lose value at the rate of inflation it’s time to do what California does best: Innovate. 
Please do not ask anymore questions. 