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#WhatBitcoinTaughtMe (WBTM) https://geyser.fund/project/whatbitcointaughtme A lot of valuable info isn't on indexed webpages – it's in #podcasts and #videos, which aren’t easy to search. At #WBTM, we break down key ideas from brilliant thinkers and share the original sources, bringing you the best insights from our journey on #Bitcoin New Logo! 🍊 #BitcoinIsWater #DontLike | #Zap Or #Share NO FINANCIAL ADVICE, EDUCATIONAL CONTENT ONLY Donations: https://coinos.io/WBTM Available communication channels: #Nostr (main source) #Podcast #Fountain https://fountain.fm/show/qY2p53f9v5BE3gsUwo4t #Spotify https://open.spotify.com/show/4uBOOdKzF3GT7NFWPRDUP1 #YouTube https://www.youtube.com/@WBTM21 #BlueSky @wbtm.bsky.social #X|Twitter @wbtm21 #Threads @wbtm.21 #Instagram @wbtm.21 (bitcoin Art) #TelegramGroup (short Articles) https://t.me/wbtm21 #WhatsAppGroup (discussions) | Community (short Articles) #LinkedInCompanyPage (medium-size Articles) https://www.linkedin.com/company/wbtm/ #FacebookProfile (Latam Education repost in Spanish) https://www.facebook.com/share/F1mJphZHgFe8B4Ag/ #TikTokProfile https://www.tiktok.com/@wbtm21

Dominoes will fall in the right order at the right time 🕰️ nostr:note1uh6j4wfktkuxy9af6qyfgrnznysnhg9yg28yr2udnkzmk5x39y3qdy7rxx

Inflation has been steadily eroding the value of fiat currency, requiring people to work 8-9 hours a day just to maintain their purchasing power. Beyond simply saving money, individuals must become stock pickers or investors to shield themselves from its effects. Unfortunately, this strategy requires financial literacy and carries risk because markets can be volatile. With Bitcoin's finite supply and decentralized nature, it offers an alternative to traditional currencies with potential for growth despite inflation pressures, alleviating the need for constant portfolio management in an ever-changing market. #money #inflation

Wall Street's limited trading hours conflicts with bitcoin's around-the-clock nature, making it difficult to navigate the cryptocurrency on an ETF vehicle. The U.S. stock market closes daily, while bitcoin’s global exchanges do not; this results in gaps between when the market opens and closes vs when a trade is made, creating room for uncertainty and price volatility. Therefore, operating by the USA stock market can lead to inefficiencies that could create negative repercussions for Bitcoin investors via an ETF.#bitcoin #wallstreet

Quantum computing's sheer computing power could destabilize the cryptography that secures bitcoin transactions. However, measures have already been taken to counter this threat through post-quantum cryptography and quantum-resistant algorithms. These solutions may not be a total safeguard but will assist in managing the risk of quantum attacks on bitcoin. In addition, as quantum technology develops, it too can be used to strengthen the security of Bitcoin even further. #bitcoin #quantumcomputing

The FUD (fear, uncertainty, and doubt) about Bitcoin's energy consumption is often overblown. The narrative will soon shift to Artificial Intelligence language models that are increasingly consuming vast amounts of energy. This rise of AI makes us question whether new nuclear power plants or alternative methods such as OTEC technology could be better suited for this exponentially growing industry.

Critics' concerns should be heard; however, noting Bitcoin's ability to incentivize renewable sources miners go where unsustainable grids don't reach meaning an increase in cleaner renewable in the long term #Bitcoin #RenewableEnergy

Argentinian businesspeople have learned the hard way the importance of protecting their treasuries and constantly reinventing themselves due to political instability, economic turmoil and banking crises. This necessity has put them ahead in terms of looking for alternative measures to secure their wealth & assets. They should be looking at Bitcoin and Michael Saylor's move as an excellent example. Michael Saylor is the CEO of Microstrategy, who bought over $2 billion worth of bitcoin as a backup treasury asset - moves that even large corporations in America are yet to consider.The adoption of BTC could potentially help Argentinians come out stronger than ever! #Bitcoin #MichaelSaylor

Bitcoin's economic incentives are helping to solve a real-world problem: accessing renewable energy in remote areas. Waterfalls and other sources of hydroelectric energy are often located far from population centers, but the rise of Bitcoin mining has created a new market for these otherwise stranded resources. Miners can now mine Bitcoin using this excess or trapped electricity at lower rates than centralized grids and sell it on global markets.We achieve two things here; profiting miners go to the difficult-to-reach locations with profitable outcomes while advocating for greater adoption of cleaner energy alternatives.#bitcoinmining #renewableenergy

Digital scarcity in Bitcoin is a groundbreaking concept that changes how we think about money. Bitcoin's fixed supply of 21 million coins ensures that it remains a scarce asset like gold, as there will never be more than that amount in circulation. This scarcity is enforced by the mathematical principles built into its blockchain technology, which eliminates the need for traditional central authorities or banks to control its output.It allows everyone to own a piece of the pie and participate equally without fear of inflation.This digital scarcity is one reason why many argue that Bitcoin may act as a hedge against traditional fiat currency's devaluation caused by inflation.#Bitcoin #digitalscarcity

The prevailing game theory involves controlling currency issuance, exporting it at a lower cost, then importing resources, sustaining deficits, as the USA has done since 1975.

https://youtu.be/d0i_HPMS2M8?si=CHbmEhMaVJLwMgtS

This is funny but understandable…

Traditional finance institutions are adapting to the rise of digital assets by offering #BitcoinETFs, bridging the gap between conventional investing and cryptocurrency.

Simultaneously, they're exploring tokenization of traditional assets, such as real estate or stocks, via #RWA (Real World Asset) tokens. This strategy allows investors to access the benefits of blockchain technology while maintaining familiarity with traditional investment vehicles.

By merging the best of both worlds, institutions aim to cater to diverse investor preferences and capitalize on the growing interest in digital finance.

https://youtu.be/Tfe1-Zvw2W4?si=cWXrUvgaXZCPUK5p

The rising price of #Bitcoin initially attracted many to store their wealth, seeking lucrative returns. However, as global inflationary pressures persist, more people recognize Bitcoin's value as a hedge against devaluation.

With central banks continuing to print money and erode purchasing power, storing wealth in Bitcoin becomes a logical choice to safeguard against inflation's erosion of value.

It's increasingly seen as a no-brainer strategy to protect one's assets in an uncertain financial landscape.

#Cantillioners, being close to the money printer, benefit from the #CantillionEffect, where newly printed money enters their hands first, increasing their wealth without contributing to productivity or competition.

#Bitcoin, as a decentralized currency, disrupts this privileged position by limiting the ability to manipulate the money supply. Cantillioners, accustomed to their advantageous position, are therefore disinclined towards Bitcoin as it threatens their entrenched power and privilege.

https://youtu.be/VdmVFhnFAXg?si=1rPl82lQm93Uj2_4

Ultimate guide! 🚨 nostr:note1anhvy8gnq839wv8yedctsduyqpgxn2k2lem0axd8xpcvcpya4pvq6gra0c

Bitcoin solves the Byzantine generals problem, a theoretical computer science dilemma in which nodes in a distributed network must come to a consensus without relying on trust or centralized control. Bitcoin's decentralized blockchain ledger enables every node (known as miners) to have access to a shared transaction record, eliminating the need for intermediaries like banks who may not always act in good faith. By using complex algorithms and incentivizing honest behavior, the trustless nature of Bitcoin's network ensures that all participants can come to an agreement on transactions without worrying about malicious actors attempting to undermine it.#bitcoin #Byzantinegeneralsproblem

Bitcoin's volatility is both a strength and a weakness. Short-term price fluctuations can make it appear too risky to be used as a store of value, but long-term trends show that Bitcoin has been one of the best performing assets since its inception. Its decentralized and limited supply means that it is an attractive hedge against inflation or currency devaluation caused by central bank manipulation.Conversely, traditional fiat currencies such as the US dollar have lost over 90% of their purchasing power over the past century due to inflationary pressures.The beauty of Bitcoin is that its value fluctuation may lead to immense profit if timed well! #bitcoin #storeofvalue

Replying to Avatar f0xr

That's how the banks explain it, but it's somewhat misleading.

The loans come before the deposits. When someone takes out a loan, the bank creates 2 ledger entries. On the asset side is the loan, where you owe the bank the amount of the loan plus interest. On the liability side is the bank deposit that's created in your account, where the bank owes you the amount of the loan. That's all a bank deposit is, a bank IOU. You're an unsecured creditor of the bank.

The bank doesn't loan out deposits. They create deposits by making the loan. That's all new "money" (debt) that didn't exist before, the bank just created it out of thin air and charges you interest for the privilege of using it.

If you bring money from another bank to deposit, as for example a check, the bank doesn't hold that deposit in an account with the other bank. The banks settle up with each other using base money, so physical cash or bank reserves. Bank reserves are a special form of money equivalent to cash, held at banks' accounts at the Fed, and that's how banks pay each other. They don't accept another bank's IOUs as payment the way the serfs do.

So when you bring cash or a check from another bank to deposit, all that happens is the bank adds that cash or bank reserves to their pool of reserves, and creates a bank deposit (bank IOU) in your account instead. It has no bearing on the bank's ability to make more loans the way the classic fractional reserve banking explanation suggests.

It theoretically could increase the bank's capacity to make loans if banks were legally required to hold a certain percentage of reserves against their outstanding loans. But the US bank reserve requirements were lowered to 0 in 2020 and are still at 0 today. So banks can continue to create an infinite amount of new "money" by making loans, legally.

Excellent explanation take my 🎩 off 🤓🙏. I thought they were legally obliged to hold at least 10%