Education is key to understanding Bitcoin's potential and risks. As we delve deeper into the economics, technology, and fundamental principles underlying Bitcoin, our level of conviction in it increases. The more knowledge we gain through researching, asking questions, and studying trends, the better equipped we become to make informed decisions about investing in this asset class. Therefore if you're considering investing in bitcoin or any cryptoasset keep reading on reliable sources and never stop asking why before taking a decision #bitcoin #education
Approval of a #BitcoinETF marks institutional interest, but adoption is gradual. Institutions, cautious and procedural, require time for compliance and internal adjustments. Allocating 1 to 5% of portfolios involves strategic planning, extending the post-approval timeline. Actual institutional demand may materialize months after ETF approval.
Satoshi's theory of a 1 million Bitcoin treasury post-subsidy
WHAT DO YOU THIN? HAVE YOU HEARD IT BEFORE?
Challenging Satoshi's theory of a 1 million Bitcoin treasury post-subsidy completion is prudent. Centralizing such a significant reserve contradicts Bitcoin's decentralized principles, risking power concentration and governance issues. Moreover, relying solely on this reserve for network security ignores potential market shifts, rendering it ineffective or even destabilizing. Exploring decentralized funding mechanisms or fee adjustments ensures alignment with Bitcoin's ethos while safeguarding its long-term sustainability and security.
The maximum supply of Bitcoin, hardcoded in its protocol, ensures its scarcity and integrity. Changing it requires network-wide consensus and a hard fork, technically challenging and risking network disruption. Such alterations would violate Bitcoin's foundational principles of decentralization and immutability, making the maximum supply unchangeable.
About 1000+ blocks more…
When supply and demand dynamics will play out ☝️ nostr:note1dpgt047r47lg9syd5z4j4fmw76rg2ph3w4ynevqpc7aknjxccjhqpygmxa
Is happening but is going to be a bumpy ride, keep sharing love, be humble keep reading 😃
Both Bitcoin and gold are considered to be money, while everything else is a form of credit. This is because both assets have intrinsic value; gold has been used as a store of value since ancient civilization; while bitcoin serves as an immutable digital representation of it. On the other hand, fiat currencies are backed by governments and central banks' promises, which many argue effectively reduces them to being mere IOUs. Understanding this fundamental difference distinguishes true money from mere credit/ promise payments with no underlying intrinsic value or autonomy.
#bitcoin #gold #money
As a non-correlated asset, Bitcoin can provide valuable diversification to a portfolio. Financial advisors have a fiduciary duty to act in their clients' best interest and take all investment options into consideration, including those that may not have traditionally been considered. Ignoring the potential benefits of Bitcoin could be seen as dereliction of duty given how much it has grown in relevance over time thus worth taking note especially given the continued growth projections
#bitcoin #financialadvisors
When it comes to Bitcoin, some may dismiss it or even criticize those who talk about it. However, true friends will listen and engage in discussion to better understand its potential impact on their lives and finances. Jealousy may cause negative reactions initially, but with an open mind, one can discover the benefits of investing in this asset class. Over time, real friends who pay attention will reap rewards as Bitcoin continues to gain adoption and value appreciation over time ever since its inception.
#bitcoin #financialadvice
Imagine you have $10,000 in savings and invested most of it in various assets. Now imagine that the government prints an extra 10% worth of currency, and suddenly all prices increase by the same percentage. Since your wealth is mostly tied to assets instead of cash, their value should rise accordingly - good news! But if you live paycheck-to-paycheck or hold a more substantial amount of cash relative to your assets, this inflation acts as a tax on your wealth causing disadvantage over time compared to those whose wealth is optimally distributed across appreciating financia.lf instruments like Bitcoin
#inflation #wealthdistribution
Challenging conventional wisdom is essential in driving innovation and progress. The successes of Tesla and Bitcoin demonstrate the impact of disruptors challenging long-held beliefs about industries they relate to-the automotive industry, finance, banking et al. It requires questioning the status quo while exploring new possibilities that may be initially shunned or less liked—a practice credited regularly for groundbreaking discoveries across various sectors of life. Hence entities/individuals who dare challenge conventional notions and mindsets drive developments with untold benefits for humanity #innovation #disruption
Imagine you lend your friend $100, and they promise to pay you back with interest in a year. The interest rate is set at 3%. Now, imagine the bank raises the interest rate to 5%, one year later; your friend's loan now has less value since better loans (bonds) are available. To compete, you lower the price of your bond (loan) putting it on sale trying to attract lender/ debt buyers hence driving up its yield or return percentage for that previous buyer like on a clearance rack. This concept applies in all sectors of finance: stocks, bonds and anything with an investment value. It further strengthens arguments for the superiority of Bitcoin's verifiable scarcity model independent from central authorities.#finance #interestrates #bitcoin
Creating an abundance of money typically leads to scarcity; a paradoxical but true statement for many econometricists. By adopting an abundant monetary philosophy (like the US Dollar) driven by artificially low-interest rates and high levels of fiscal stimulus, inflation risks arise as more people hold onto compromised dollars rather than invest or spend it. As prices rise to match demand, consumers' purchasing power dwindles, leading to long-term economic instability. Bitcoin's hard-supply cap mitigates this partisan policy issue making it better suited than fiat currency for all parties involved #Bitcoin #inflation
When #halving? Current block 838,971
Number of blocks remaining: 840,000 - 838,971 = 1,029 blocks
Time until block 840,000: 1,029 blocks * 10 minutes per block = 10,290 minutes
Bitcoin halving is like a scheduled event that reduces the number of new bitcoins miners can earn. It happens approximately every 210,000 blocks mined. The first halving occurred after 210,000 blocks, the second after 420,000 blocks, and so on.
Currently, we're expecting the fourth halving to occur around 840,000 blocks. When the halving happens, the number of bitcoins rewarded to miners for each block they mine gets cut in half. This helps control the supply of bitcoins over time, making them more valuable and ensuring the system remains secure.
In the age of accelerating communication technologies, restricting an adversary's freedom also curtails one's own liberties.
#Bitcoin epitomizes freedom in trade and transaction, serving as a communication tool for value exchange. Attempts to suppress Bitcoin or its users inevitably infringe upon broader freedoms, highlighting the interconnectedness of individual liberties and the principles of communication technology.
There are prices to pay to have freedom…
Peer-to-peer transactions, (#P2PTransaction) encompassing ideas, food, information, or #money, embody a fundamental right essential for personal autonomy and economic freedom. Such exchanges foster community, innovation, and empowerment, rejecting suspicion or criminality.
They form the bedrock of cooperation and progress, enabling individuals to freely engage in mutually beneficial interactions without undue interference or scrutiny.
The current debt levels of 🇺🇸 USA government represent a significant inflationary force due to the necessity of continuously issuing new debt to service existing obligations.
Despite the presence of high interest rates intended to reduce inflation, the perpetual need for new debt to pay off old debt exacerbates inflationary pressures.
This cycle creates a scenario where the government is injecting more money into the economy, leading to increased demand without a corresponding increase in productivity, thereby driving up prices and contributing to inflation.
Bitcoin's decentralized nature and its tendency to cut out intermediaries significantly reduces the influence of financial middlemen, who traditionally dominate the sector. In a Bitcoin world, intuitive and secure systems coupled with hard money reduce inefficiencies induced by middlemen. Individuals will now have more flexibility over their finances as they can save directly onto the blockchain without being subject to intermediaries' fees or restrictions.
Financial services would thus exist on the periphery rather than at the center of society as individuals transact via peer-to-peer networks more readily while leaving complex investment schemes for professionals who add value in such tasks #bitcoin #decentralization
Money, like any tool, can be used for both positive and negative activities. It is not inherently good or bad. Without money, society would struggle to function and develop as we know it today. It serves as a medium of exchange and helps facilitate trade between individuals and nations alike. Additionally, it enables people to save, invest, create businesses, allocate resources more efficiently given that it represents shared value within a society. It's essential to remember that money itself isn't the issue but rather the ways in which people use it #money #functioningofsociety
Education is key to understanding Bitcoin's potential and risks. As we delve deeper into the economics, technology, and fundamental principles underlying Bitcoin, our level of conviction in it increases. The more knowledge we gain through researching, asking questions, and studying trends, the better equipped we become to make informed decisions about investing in this asset class. Therefore if you're considering investing in bitcoin or any cryptoasset keep reading on reliable sources and never stop asking why before taking a decision #bitcoin #education