#CrossBorderTransactions are a major benefit of #Bitcoin
Offering low-cost, efficient transfers compared to traditional methods.
For instance, remittances from the U.S. to countries like Mexico, Colombia, and Egypt amount to billions annually.
In 2022, U.S. remittances to Mexico alone exceeded $51 billion.
Bitcoin's decentralized nature reduces fees and transfer times, benefiting millions reliant on remittances for daily expenses.
This fosters financial inclusion and economic stability in recipient countries. 
Stablecoins pose a significant challenge to the 160+ currencies worldwide. While Bitcoin is superior as a store of value, stablecoins offer quick access to exit one's financial system and taping into the US dollar economy at lower fees when compared with traditional fiat options like foreign exchange bureaus or banks. This makes them attractive for countries with unstable economies or high inflation rates desiring direct participation in global trade without constant currency conversions serves as an efficient solution that can bridge such restrictions and facilitate business globally. As such, Stablecoins have enormous potential in advancing economic equality on a global scale while providing easier access to more sound monetary systems than most local currencies in circulation today.
#Wbtm
B
The principle of "everything tends to its marginal cost of production" dictates that goods and services tend towards their production costs. This is deflationary, which central banks counteract by expanding money supply. However, this method is not sustainable since economies cannot grow infinitely and this manipulation causes economic bumps on the road; It creates booms while printing money but results in bust phases where many debts are no longer able to be repaid leading to overall financial instability long-term.
#Wbtm
The creation of abundance in money drives scarcity and skyrockets prices. This is due to the laws of supply and demand; when there's more money circulating, there are few goods or services available, resulting in higher prices. As people compete for limited resources, such as housing or stocks, demand rises rapidly and becomes unaffordable to average citizens leading many struggling financially while causing debts that enrich a select few creating an unequal society.
#Wbtm
Agree, we can do better🙏😀
Bitcoin mining can be profitable during temp bull runs using any electricity sources; however, over multiple cycles only the cheapest sources of electricity are viable long-term. Miners must secure agreements with grids to balance loads or co-locate with energy producers. Using geographically stranded off-grid resources is an option as well. These strategies ensure profitability and sustainability in the highly competitive Bitcoin market cycle after cycle while also helping to reduce carbon footprint through green energy alternatives.
#Wbtm
Bitcoin and gold are alike in various ways as they both have a limited supply, offer security and anonymity. However, Bitcoin holds an advantage in portability; it eliminates the need for an intermediary such as a bank or broker. While gold is valuable due to being scarce and taking physical resources to mine, Bitcoin can be sent anywhere globally within minutes without requiring any carrying costs. Although Bitcoin exists only digitally and has no tangible property like gold,it cannot be counterfeited or easily confiscated by governments compared to physical Gold making it a better investment instrument than Gold for savvy investors.
#Wbtm
Bitcoin’s price is influenced by several factors on both the demand and supply sides. News, events, utility, sentiment, cyclicality and access are demand side inputs while halving and lost coins affect supply. Structural influences include management fees, portfolio balancing, treasury strategies and leverage. Miners carry trades also have an impact on the price cyclicality. Understanding these forces can help investors make informed decisions about buying or selling Bitcoin at any given time.
Price factors one at the time
#Wbtm
#INTRINSICVALUE DOESNT EXIST...
Value isn't something that exists on its own; it's all about what people feel and decide.
Imagine a rock and a diamond. To someone who loves diamonds, the diamond is super valuable, but to someone who needs a tool to crack nuts, the rock is more useful.
The value of things comes from what we need or want at the moment, and this changes from person to person. So, value isn't built into things; it's all about our opinions and choices.
Min 7#robertBreedlove
"Metaplanet has adopted bitcoin as its strategic reserve asset. The move is a direct response to sustained economic pressures in Japan, notably high government debt levels, prolonged periods of negative real interest rates, and the consequently weak yen.
As the yen continues to weaken, Bitcoin offers a non-sovereign store of value that has, and may continue, to appreciate against traditional fiat currencies." #saylormove
There's no need for #Bitcoin to attack gold since they serve different purposes. Gold has problems, such as being non-portable and needing centralization, which led to the flawed experiment of fiat currency. Bitcoin solves these problems by having instant global settlement, easy transportability, verifiability, and security through decentralization in its blockchain structure making it ideal for digital transactions in a modern economy. Furthermore, there is a finite amount of gold available while there will only ever be 21 million bitcoins mined further distinguishing their respective values. Therefore bitcoin represents an exciting solution that bridges historical concerns with new technological solutions offering more sustainable outcomes.#cryptocurrency
Bitcoin do not attack gold
#Wbtm
#Gold mining has a destructive impact on the environment, as demonstrated by the Grasberg mine's effects in Indonesia.
In contrast, #Bitcoin is far more environmentally friendly because it does not require physical extraction or produce toxic waste.
By leveraging renewable energy sources and advancing technology solutions for mining, Bitcoin offers a cleaner way to secure transactions while safeguarding our planet's natural resources from depletion.
#Cryptocurrencies like Bitcoin represent an exciting way forward for a sustainable future where we can balance economic growth with responsible environmental stewardship that safeguards everyone's interests.
si=kcW8M1dQQB4gf01
Think of the #LiquidNetwork like a freeway alongside the main road of Bitcoin. It helps speed up transactions and reduce congestion on the main highway.
But, just like taking the express lane on a toll road, using Liquid involves some trade-offs. While it's faster, it's also more centralized, like having a toll booth that manages the flow of traffic.
So, while it's great for quick transactions, some people prefer to stick to the main road for its decentralized nature, even if it means a bit of traffic congestion.
Gen Z is more interested in investing in cryptocurrencies, particularly #Bitcoin, than stocks. This generation values decentralization and autonomy over traditional financial systems which is offered by Bitcoin. Additionally, perceived transparency on the blockchain appeals to Gen Z's interest for ethical spending choices contributing to growth of the digital economy. As they are expected to receive over $60 trillion from inheritance in years to come, this will drive crypto adoption even further making it an important consideration for all investors.#cryptocurrency
Generations owning BTC
#Wbtm
#BIP85, or "Deterministic Entropy From BIP32 Keychains," helps securely generate random numbers for cryptographic purposes, like creating Bitcoin private keys.
Imagine you have a master key that can unlock many doors. BIP 85 lets you use parts of this key to generate random numbers for different purposes, without risking the security of the master key.
So, it's like using bits of a master key to create new, unique keys for different locks, keeping everything safe.
Creating abundance in money makes everything scarce, pushing prices skyward. The more cash you print, the lower its purchasing power becomes resulting in increased overall demand and scarcity of goods such as housing, food or other commodities. Escaping this cycle of inflation by adopting scarce assets like #Bitcoin protects your wealth from depreciative forces impacting economies globally.
https://youtu.be/QcRmykw4gXc?si=vG5fm33_lSiCRoO5
#Wbtm
Have anyone used the #LOCKDOWNSEE?
The lockdown seed feature in a #Coldcard wallet offers an added layer of security by allowing users to create a "final backup" of their wallet seed.
When activated, the lockdown seed feature generates a special seed that cannot be displayed on the Coldcard screen or accessed through USB.
Instead, it's only accessible through a physical backup process involving a microSD card.
This ensures that even if the Coldcard device is compromised, the lockdown seed remains secure and can be used to recover funds in case of emergency, making it a valuable safeguard for protecting Bitcoin assets.
Is this too much? ☝️🤓👇
Using a #passphrase adds an extra layer of security to #Bitcoin holdings.
With BIP 39, users can generate a mnemonic phrase to back up their wallet. However, by adding a passphrase to this mnemonic, known as BIP 39 passphrase extension (BIP 39-encrypted wallet), users create a "hidden wallet" within their existing one.
This effectively acts as a #secondFactorAuthentication, safeguarding against unauthorized access even if the mnemonic is compromised.
This method significantly boosts security, making it a prudent choice for anyone concerned about protecting their #BitcoinAssets. 