Scarce, decentralized, uncorruptable, verifiable (i can run my own node), no premine... In the end It's juste fair money
Produce more than you consume
Why are we using the dollar as medium of exchange???
I never agreed to using it and would never have done so knowing how bad it is...
#Bitcoin
People really dont understand what privacy is...
Everyone I meet says "why use all these tools? Ive got nothing to hide"
I'll ask them these questions;
Why do you close your blinds at night?
Why do you lock the house, car and gym locker?
Why do you put a password on your phone?
It's not about having something to hide, it's about having something we value and want to protect
It feels so wrong to buy bitcoins with worthless money...
Eventually, the only way you'll get your hands on bitcoins will be to work for it.
But... We're early... we all get #Bitcoin at the price we deserve.
It is a great game, indeed! I just hope we dont go as far as what is seen in this masterpiece.
Ever played Cyberpunk 2077?
High Tech, Low Life style.
What life feels like to me.
We gotta fix what's corrupting our lives...
#Bitcoin fixes this
Q&A time
Will my toast be cooler if dropped on the ground?
Bread is already a source of energy (food),
It was put into the toaster and got heated up,
Now the bread became a toast. It went from a static source of energy to a vibrant one, because it got hotter (some energy got transfered to it).
I take the toast out and it slips off my hands. As it hits the floor, does the toast lose energy that it already had or does it lose energy that it generated with the kinetic energy of gravity? In this case, Is the gravity caused by mass a source of energy or not? I wonder...
Ps: eating your toast while they are still hot is better for you because you are consuming more energy.
People are so blind, sometimes I wonder if I'm crazy.
You can definitly relate if you're a bitcoiner.
#Bitcoin
You tought the halving caused a supply shock???
Wait until your exchange goes out of bitcoin because everyone is hodling...
Fiat works because it relies on peoples ignorance.
#bitcoin works because people understand it
Somehow, I no longer see my previous note, here it is again:
Energy cannot be lost, nor created, it can only be transformed. This means, using electrical energy to mine blocks and get bitcoins to add to the circulating supply does not "waste" energy. It only means that we transformed electrical energy into digital energy. Thoses bitcoins will forever hold a certain amount of energy.
Note this: Those bitcoins may become worthless ONLY when our products and goods will be worth more than the amount of energy that was put into creating thoses bitcoins. At that point in time, Bitcoin may still serve as a medium of exchange for the less fortunate. But this is too far for me to imagine what it's really gonna look like.
Yes, I believe #bitcoin will eventually be worthless. We may never see this day, but it will happen. One day, everyone on earth will be self sufficient and will still be able to thrive because everything will cost pratically nothing.
I'm no mathematician but this may be extremely far fetch! 😅
I may want to take back what I said about #bitcoin becoming worthless in my last note...
bitcoins are lost every day and it's forever divisible.
I dont know what is growing faster the scarcity/value of this amazing money or our rate of productivity. I really need to learn math!
I don't think bitcoin will make me rich. Bitcoin is predictible (every halving brings smaller rewards).
People will think I'll be rich when fiat collapses, when actually, I'll just have conserved my purchasing power.
Don't let the counterfeit class steal that energy you worked for.
#bitcoin allows you to save money.
I just realized... bitcoin will change the whole way we think of money.
If bitcoin is truly the scarcest asset and it becomes the main medium of exchange and store of value by all. This means every other things or asset will be deflationary. This means your house will go down in value over time, wich I think is logical because I've always seen those as consumable. Same goes for trading cards, gold or old collectibles.
This is insane
You will only want #bitcoin
The big problem with more money flowing in the economy is this;
It removes the productivity that we created.
If the money supply is fix, then prices go down because everything is easier to put our hands on.
On the opposite side, if the money supply increases more than the rate of our productivity, prices go up, because there is more money trying to buy the same amount of goods.
Think of rare collectibles (the rarest item are always more valuable, they also lose value if more of them are being produced)
One day... The word "dollar" or "fiat" will be hated by all
Fiat is incentivizing people to consume more than they produce, this ends up in a deficit. What happens when everything is scarce and in demand??? It becomes unaffordable!
On the other hand, there is #bitcoin.
Some people say to diversify... I disagree! Bitcoin is predictible because it has a power law, just like so many things. Crypto on the other side is random, you hope the ceo/founder will do the right move and won't dump all his holdings on the market.
I have never sold a single sat, even when i was into crypto.
"We can't control the weather"
Well, what is climat change then? It's a sort of control onto the weather. It may be hard as of now because of our lack of energy, but i believe, one day, we will be flowing so much energy into society that controlling the weather will be something easy.