Before Bitcoin, traditional financial systems addressed problems of friction and inefficiency through centralization. This approach led to a concentration of power that often neglected the needs of individuals and smaller businesses. However, with Bitcoin's decentralized nature, there is a fairer playing field where transactions can be made without intermediaries or approval from centralized authorities. The technology behind Bitcoin has not only revolutionized payments but also challenged our assumptions about what finance should look like in the 21st century. #bitcoin #decentralizationhttps://youtu.be/x_mIzbYH9BU?si=BPeBradNvxi9xzNs
Acquiring wealth is ultimately the result of creating value or providing a useful service to others. The same is true for Bitcoin millionaires, who will not necessarily be those who bought in early but, rather, those who generate more value within the economy through entrepreneurship and innovation. In this way, Bitcoin serves as a store of value that reflects and rewards actions that contribute positively to society and demonstrate foresight in regard to monetary policy. Ultimately, money flows towards individuals who create significant contributions; bitcoin merely provides a secure platform to hold wealth accumulated from one's efforts #bitcoin #storeofvaluehttps://youtu.be/0Fg30bxX9BA?si=TjYHVpbM5lyZLUTa
Acquiring wealth is ultimately the result of creating value or providing a useful service to others. The same is true for Bitcoin millionaires, who will not necessarily be those who bought in early but, rather, those who generate more value within the economy through entrepreneurship and innovation. In this way, Bitcoin serves as a store of value that reflects and rewards actions that contribute positively to society and demonstrate foresight in regard to monetary policy. Ultimately, money flows towards individuals who create significant contributions; bitcoin merely provides a secure platform to hold wealth accumulated from one's efforts #bitcoin #storeofvaluehttps://youtu.be/0Fg30bxX9BA?si=TjYHVpbM5lyZLUTa
Compared to traditional databases, blockchains are inherently inefficient due to their decentralized and distributed nature. However, this "inefficiency" is a feature that guarantees the integrity and security of the data stored on the blockchain. Decentralized blockchains eliminate central points of failure and enable trustless interactions between parties without intermediaries. This tradeoff in efficiency ensures users' autonomy while increasing transparency and creating more opportunities for innovation in various industries beyond just finance. #blockchain #decentralization
Before Bitcoin, traditional financial systems addressed problems of friction and inefficiency through centralization. This approach led to a concentration of power that often neglected the needs of individuals and smaller businesses. However, with Bitcoin's decentralized nature, there is a fairer playing field where transactions can be made without intermediaries or approval from centralized authorities. The technology behind Bitcoin has not only revolutionized payments but also challenged our assumptions about what finance should look like in the 21st century. #bitcoin #decentralizationhttps://youtu.be/x_mIzbYH9BU?si=BPeBradNvxi9xzNs
#Bitcoin miners are incentivized to seek the cheapest electricity on the planet, thanks to their need for low energy costs. Unlike traditional server farms that rely on stable power sources and require high-speed internet, bitcoin miners can operate anywhere with cheap and abundant energy. They can even handle intermittent power cuts or outages with relative ease compared to conventional data centers. The ability of #BTC mining operations to adapt and function in a decentralized manner represents an important evolution in how we can build efficient and resilient computing infrastructure.https://youtu.be/d7ID3fKAFQM?si=C_gdMSeNtJ3GHCRG&E2
nostr:note1vx9h6tmgktel7jc2jkwvsj558mv3gqs2pqseushslxmyhv8mjkgq92amye
#Tether's strategy of using interest from high-yield treasuries to buy Bitcoin mirrors #MicroStrategy's approach of leveraging debt to acquire BTC. Both prioritize Bitcoin as a long-term store of value, utilizing unconventional methods to accumulate more.
While MicroStrategy relies on corporate debt, Tether capitalizes on interest from its stablecoin reserves. Both companies exhibit a bullish stance on Bitcoin, aiming to bolster their holdings and potentially benefit from its increasing value over time.
However, Tether's reliance on interest from treasuries contrasts MicroStrategy's debt-based model, yet the end goal of accumulating Bitcoin remains strikingly similar.
https://www.youtube.com/live/_Kuy55yHHvg?si=lX_jszpTCeN6byGe
Money is bad?
Money itself is #neutral; its value lies in how it's used. It can fund charitable endeavors, stimulate economies, or empower individuals. Conversely, it can fuel corruption, inequality, or greed. However, these actions stem from human behavior, not money itself.
Money's inherent nature doesn't dictate morality; rather, it reflects the intentions and actions of those who wield it.
This is the hardest thing don’t you think nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m
🚨 Food for thought!
Recognizing and discarding false beliefs is essential for intellectual growth and accuracy. However, it's challenging because beliefs are often deeply ingrained, shaping our worldview and identity.
Erasing them requires humility, critical thinking, and openness to new evidence. Overcoming this difficulty enables us to embrace truth, refine our understanding, and make more informed decisions in the future.
Money characteristics: divisible, recognisable, portable, durable, scarce and #incorruptible
Money's #incorruptibility is paramount for preserving its value and integrity over time. Without #incorruptibility, money becomes susceptible to manipulation, devaluation, and exploitation by external forces, eroding trust in the monetary system.
This quality ensures that money maintains its purchasing power and serves as a reliable store of wealth, benefiting individuals and economies alike.
By emphasizing incorruptibility alongside other essential attributes like divisibility and recognizability, we uphold the fundamental principles of sound money, fostering stability, fairness, and trust in financial transactions and the broader economy. In essence, incorruptibility is the cornerstone of a robust and reliable monetary system.
Not knowing #SatoshiNakamoto's identity is crucial for maintaining #Bitcoin's decentralization. It prevents any single entity or individual from exerting undue influence or control over the network.
Instead, the focus remains on the technology and the principles of decentralization, fostering trust in the system rather than in a central authority figure. This anonymity also prevents Nakamoto from becoming a target for coercion or regulation, safeguarding Bitcoin's independence and resilience against external pressures.
In essence, the mystery surrounding Nakamoto ensures that Bitcoin remains truly decentralized, embodying the principles of freedom and autonomy.
Pretty sure he will be dancing like that in some years… sorry months
This make me laugh 😆 nostr:note1y670nyqjg4h8xqxxewvmlp2rcwuclfvkmtgedu7hquaz0cpvnpns9zpckh
Digital scarcity 🤓🙏 nostr:npub1japy2cjly7e9hgzcxnaqul6ppmyskrvww63dxsxvyfqsjg90yxmsvtzrsl
The Kardashev scale imagines a civilization's technological advancements, scaling from the energy resources that they consume. As societies advance, their consumption of energy also increases as they are able to find better and more efficient ways of harnessing it. Bitcoin mining offers an economic incentive to use cheaper energy sources, driving innovation in renewables and helping address the issue of stranded or unused forms of clean energy.
While there are debates about being more environmentally friendly by limiting consumption entirely, if we hope to continue advancing our economies and tackling grander issues like national security; solving climate issues for prolonged sustainability resulting in re-thinking the overall problem rather than just halting growth is key: Bitcoin can play a crucial role. The technology provides new economic incentives that bring forward untapped potential solutions especially beneficial when paired with benefits towards carbon neutrality via cheap renewable energies at larger scales.#bitcoin #energyconsumption&E2
Trading occurs because we value things differently at certain moments, like when you need food immediately, or 'future you' needs retirement savings later. In economic theory trade is beneficial when both parties agree to a legal transaction that increases their satisfaction; more commonly referred to as mutual gain. Coerced transactions where one party may be forced into giving up something they don’t want to can then lead to them feeling exploited.
Taxation via inflation reduces the purchasing power of money held steadily over time, decreasing its overall value against what it could have been used for in another way--this coerces citizens into trusting an authoritative government if nothing else seems measureable of believing in Bitcoin's potential liberation from traditional forms- shifting values around the creation of wealth towards individual sovereignty within fair market negotiations & smarter savings alternatives.#bitcoin #value&E2
Everyone has the potential to improve the adoption and understanding of Bitcoin. Every time you discuss this innovative technology with someone, you have an opportunity to educate them on its unique benefits and how it offers a sense of agency back into society's financial systems. This can be especially crucial for underserved communities or those without access to traditional banking services. By helping others understand Bitcoin, even in incremental stages throughout daily conversations (or formal ones), people could help change how money moves across economic systems traditionally; building more financially conscientious outlooks augments personal finance skills in turn which are good habits - broadening scope beyond dogmatic views for any person would benefit that given individual as well as his friends & family.#bitcoin #adoption&E2