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Narbeg
76b1297df1f89138a255570972ec9d043960603eba85a0c690dfe9031d79d934
Bitcoiner.

#Money is intended to preserve and store value, not lose value.

When central banks resort to expanding the money supply they are effectively devaluing the general population’s savings. The saying by Keynesian economists, “a little inflation is good to keep the economy going” is basically the equivalent to saying “reducing the value of your hard work in perpetuity is good to keep the economy going”.

This forces us to take unnecessary and unwanted risks (i.e. investing in real estate, stocks, bonds, etc.) to maintain the purchasing power of our money.

#Bitcoin fixes this.

#Money is a powerful tool that shapes our lives and our world. Because of this money should not be subject to the control of any one person or group.

The economy which is built on top of the monetary system should function freely and respond to the collective wants, needs, and decisions of individuals, rather than be guided by a small group of individuals whose interventions distort the pricing mechanism of the economy.

History teaches us that attempts to control money and the economy lead to inefficiencies, inequality, and collapse. Allowing the free market to operate and capital to be efficiently allocated enables innovation, job creation, and improved living standards for businesses and individuals.

#Bitcoin operates outside of the control of any central authority or government.

Choose #Bitcoin as money.

The basis of our global economy is flawed because the #money used to coordinate economic activity is frequently manipulated by central banks worldwide. These central planners intervene in markets to "maintain" price stability, thereby disrupting the self-balancing free market and causing price signals to be distorted, resulting in imbalances and a misallocation of capital within the economy. #Bitcoin fixes this.

#Bitcoin's finite scarcity is unmatched by any other form of #money and is a key driver for its demand.

Its fixed supply creates scarcity, which in turn fuels demand. As demand for Bitcoin increases, its scarcity increases, further driving demand.

#Bitcoin was designed with a specific purpose in mind: to eliminate the monopoly on #money. Money plays a critical role in the functioning of society and should not be subject to the whims of a privileged few.

When a select group holds the power to control the monetary system, they may succumb to corruption and abuse their position to benefit themselves and their associates.

Bitcoin offers a solution to this problem by removing people from the monetary issuance process.

#Bitcoin is honest and transparent.

It has delivered on all its promises since its launch.

It has never allowed a double spend transaction.

It has maintained a predictable supply issuance.

Bitcoin owners have been able to spend their coins without seeking permission.

Bitcoin has been accessible to anyone who chooses to use it.

Anyone with a computer can verify and audit the code, the rules, and all transactions without having to trust anybody else.

The same cannot be said of any other monetary system.

#Bitcoin provides hope for those in oppressive regimes, empowering them to transact freely and exercise their fundamental right to freedom. Without the ability to transact, all other liberties become compromised.

Bitcoin symbolizes pure freedom.

#Bitcoin is unstoppable.

If someone wanted to stop Bitcoin, they would need to stop every node in the world simultaneously and make sure none of them went back online. Why? Because every node contains all the information about who can spend Bitcoin and the necessary code to run the Bitcoin protocol. If one node were to survive, Bitcoin would continue to function as intended.

To increase the supply of #Bitcoin, time, capital, and large amounts of energy are spent to mine a block - hardest #money

To increase the supply of #Gold, time, capital, and large amounts of energy are spent extracting it from the earth's crust - hard money

To increase the supply of #Fiat, no time, capital, or energy is required to print it out of thin air - soft money

Wouldn't you prefer to choose a type of money that requires those who create it to put in time and work, just like you do to earn it?

In addition to absolute scarcity, #Bitcoin has perfect reliability.

You know how much has already been issued.

You know how much is currently being issued.

You know how much is going to be issued.

You know how much in total will be issued.

NO ONE can change that.

I sold some equity today to buy more #Bitcoin.

The legacy #TradFi system has managed to screw me over once again.

The transaction will need T+2 business days to settle before I can move my hard earned #money out of my account.

#Bitcoin fixes this.

#Money is a powerful force in our lives. It drives us to work harder, longer, and with greater focus. But in our pursuit of wealth, we often forget what's truly important: the people we love, and the experiences we cherish.

We sacrifice so much for money, but what do we really get in return?

In today's world, it's not just about earning money; it's about preserving its value over time.

Unfortunately, the majority believe that money always holds its worth, even as central banks manipulate the system and increase the cost of living.

It's time to break the cycle and start questioning the status quo.

We need to re-evaluate our relationship with money.

We need to re-evaluate money itself.

For the first time in history we have money that does not require trusting governments and institutions to maintain its value into the future. For the first time, the work we put in and the sacrifices we make will be respected and not taken for granted and devalued.

#Bitcoin fixes the money by simply being the hardest form of money.

A low time preference is a growth mindset.

Deferring consumption, pleasure, and gratification into the future turns us into a better version of ourselves.

#Bitcoin does the same.

Before #Bitcoin the only asset with absolute scarcity was time.

This makes Bitcoin a perfect store of value for the time we have to spend to earn #money.

An asset with a perfectly inelastic supply to store the value of another asset with a perfectly inelastic supply.

This makes #Bitcoin the hardest form of money.

The expression "#Money never sleeps" has never been accurate until the creation of #Bitcoin.

It is the only money that never sleeps.

The Bitcoin network is accessible to anyone, anywhere, 24/7 and 365 days a year.

🔥 Transparent

🔥 Apolitical

🔥 Trustless

🔥 Decentralized

🔥 Permissionless

These are all attributes of the #Bitcoin network.

All those who dive deep enough into the Bitcoin rabbit hole come out different and enlightened.

#Money doesn't grow on trees...

It's printed at the #FederalReserve.

Choose better money. Choose #Bitcoin.

We are accustomed to storing our wealth and #money with banks.

We give them our money and we pay them a fee to store it for us. We do this because we trust them to keep our hard earned money safe. We also do this thinking our money is available to us on demand at all times.

Most people don't question this. They should...

The reality is sobering. They take our money, and if we are lucky, they keep a fraction of it on hand in the form of reserves and the rest is used to generate profits by being invested in various asset classes with different risks.

If the banks generate a profit by using the fruits of our labor we see none of it. However, if the banks screw up and lose our savings, the government intervenes and bails them out by expanding the money supply (i.e. printing money out of thin air). In doing so, they debase the currency which reduces our purchasing power. We end up paying the price for their reckless and irresponsible behavior with OUR money.

This should be enough reason to explore and learn about #Bitcoin.

Remove the banks from the equation. With #Bitcoin you can self-custody your wealth and money without having to trust anyone but yourself.

Be a sovereign individual and opt out of this broken system.

Can someone provide a productive use cases for #nonfungibletokens?

I've yet to see anything that has added value to society.

99% of them have done the opposite, i.e. destroy capital and destroy trust in what the space was originally meant to achieve:

Empower individuals by separating #money from the state

Banking the unbanked in corrupt and oppressive regimes.

Providing a hedge against central bank currency debasement.

Ethereum is not money. It is a security that will eventually be totally controlled by the incumbents.

That's my opinion.

#Bitcoin and the #LightningNetwork are what we should be focused on.