Love the artwork!
It really does depend on the type of people you are surrounded with.
War is so unnecessary.
Make wars financially infeasible by adopting and promoting #Bitcoin.
We can do this!
Fix the money, fix the world.
🤝
This image to accompany the text is really something! Agreed.
My regret is not where I could have bought. My regret is not learning about it earlier and advocating for it in Lebanon. Would have saved my fellow Lebanese a lot of pain over the years.
The CAD is truly a shitcoin. Canadians are poor everywhere they go in the developed world. With so many resources it's even harder to believe.
Let's get more people to understand that!
Totally agree.
When constructing a house, a consistent measuring system, be it a foot or a meter, serves as an unchanging benchmark. It's the bedrock from which you blueprint and build.
Now, picture a scenario where some central authority arbitrarily alters the size of a foot or a meter. This constant fluctuation would introduce inefficiencies and distortions into the construction process.
The current monetary system mirrors this. Your life is the metaphorical house, and the value in USD (i.e. purchasing power) is subject to arbitrary changes by central bankers and politicians. Planning for the future becomes a challenge when the measuring unit (all fiat currencies) is manipulated.
Enter #Bitcoin, a fixed measuring unit. With a cap of 21 million, it provides stability, allowing for easier long-term planning without the need to constantly adjust your life blueprint due to changes in the measuring stick.
Explore Bitcoin.
Attached is an announcement from the Capital Markets Authority (CMA) in #Lebanon, dated 2018 and signed by the central bank governor. In Lebanon, licensed financial institutions under the jurisdiction of the central bank are prohibited from engaging in cryptocurrency transactions. The statement emphasizes the risks associated with purchasing, owning, and transacting in digital assets, specifically highlighting the following concerns about #Bitcoin.
“This #money is neither issued nor guaranteed by any central bank, and its value is thus subject to sharp and fast volatility, and could even decrease to zero.” - The irony is as clear as day considering the #Lebanese Pound has depreciated by over 98% in the past 3-4 years. Allocating a certain percentage of wealth in Bitcoin during this period would have proven financially advantageous.
“Transactions made using virtual money facilitate criminal activities, notably money laundering and terrorism financing.” - The plot deepens with irony given that in February 2023, the governor faced charges in Lebanon for embezzlement, money laundering, and tax evasion. Furthermore, warrants for his arrest were issued by French and German authorities in May, and Interpol red notices declared him wanted by both countries on money laundering charges. In March of the previous year, France, Germany, and Luxembourg seized assets worth 120 million euros ($135m) in an investigation into his wealth.
In the current opaque monetary system, the most valuable currency is trust. You have to trust that the central authority acts in your best interest. You have to trust that it is acting in a fair and just manner towards all market constituents. You have to trust that they are acting honestly.
The Lebanese central bank warning against the use of a self-sovereign, permissionless and censorship and debasement resistant money is laughable and maybe even malicious.
Don't Trust. Verify.
The sun always rises. So will #Lebanon.
#Lebanese people are often described as entrepreneurial, highly educated, hospitable, resilient, and resourceful - a result of the challenging environment they've grown up in. Lebanon's history is marked by destruction and rebuilding, a perpetual phoenix rising from the ashes.
Enduring a civil war, invasions, regular bombings, political assassinations, foreign intervention, one of the world's largest explosions, and the unraveling of a monetary Ponzi scheme leading to currency collapse and hyperinflation.
Similar to #Bitcoin , the Lebanese people exhibit remarkable resilience. During my annual visits, I witness their tenacity and self-reliance.
In the face of electricity shortages, they build their own grid with generators, solar panels, and batteries. Lack of government tourism campaigns? No problem - they create their own platform. Streets devoid of lights? They fund and fix them independently. This decentralized, proactive approach defines the Lebanese spirit.
Lebanese people are Bitcoiners, even if many don't realize it yet. Acting in a decentralized manner, each takes charge of a segment of the economy. They demonstrate resilience against social and economic challenges, emerging stronger after each blow - truly antifragile.
Now, it's time to shine a light on Lebanon. Let's show the Lebanese people that they can gradually opt-out from their oppressive system. Every Lebanese Bitcoiner has a responsibility to educate their fellow citizens on #money, #decentralization, and Bitcoin.
LFG!
You'd think the pain caused by #Lebanon's central banking and banking cartel would be enough to make people embrace Bitcoin's value proposition (i.e., it can't be debased, confiscated, no counterparty risk, etc.).
In reality, most have reverted to storing gold and USDs as a perceived safe haven at home, a strategy ingrained through years of crises (i.e., civil war, the 2006 war, etc.). This outdated thinking will require significant effort to change.
The world has evolved dramatically, and what worked in the past is less likely to work today.
Nevertheless, there's a dedicated group of #Lebanese Bitcoiners committed to transforming Lebanon into the country it deserves to be, using #Bitcoin to cleanse it from financial corruption and oppression.