79
Duvel
793b77b208bf4feab1a9f3050a2f7a5167b0db2c9e801e74a4d19b8747a40614
Bitcoin Education

Great work you are doing! The link doesn't work.

GM and welcome, your first note is always the best :-)

That is a nice combo that I haven't seen before. Will check the tutorial, thank you!

Replying to Avatar bitcoin.rocks

If you listen to nostr:npub10uthwp4ddc9w5adfuv69m8la4enkwma07fymuetmt93htcww6wgs55xdlq you know the bank runs continue.

But the problem doesn't stop with the banks you see in the news. All of the banks are insolvent, because that's how the system is designed.

If only there were a better, full-reserve financial system we could use...

https://bitcoin.rocks/bank-runs

Great website!

I like the term full-reserve financial system for Bitcoin. How would you explain this term? in regard to Bitcoin?

Unfortunately phpnw numbers are required a lot: job interviews, government programs, school kids, daycare, etc. etc.

I very much would like to not use it.

With using Bitcoin as a public payment infrastructure, you can be certain your savings are secured, are always accessible and your labour and time spent are stored and the value will appreciate over time. You can plan for the future.

When storing your savings with a public payments infrastructure from a bank:

- your savings are not always accessible

- will you get all your savings when the bank fails, during an economic crisis or a cyber attack?

- your savings are invested by the bank

- the value of your savings decrease over time

- your savings in the bank isn't real money

- there's a lot of uncertainty which makes planning for the future very difficult

Access to internet should change. It should be decentralized. The trend is increasingly growing towards censorship and digital ids. This could be a serious threat worldwide.