Local ones - those in my country - do.
Agreed, the process of transferring from your bank account seems complicated though.
I understand, but India is far better compared to some other countries. We're talking about inflationary countries...
In the country I live in, where the economy is in shambles, an average family spends around $300 a month to live (after subtracting debts, taxes, insurance, etc. from their income). The annual inflation rate is about 50%, and it's getting worse over time. #Bitcoin #Adoption seems like a reasonable solution, especially with the #Lightning Network enabling payments of $300 a month. But what's holding it back?
I used to think it was all about volatility, but then I asked myself—volatility for just $300? Sure, it's a significant amount for us, but we're talking about #Bitcoin here. I'm also aware of adoption cases in #Cuba and #Africa, where even there, Bitcoin users remain a minority.
In the spirit of documenting the situation, I’m listing some reasons below and I #AskNostr for more insights, reasons, and solutions:
1) It’s hard to explain to everyday people why Bitcoin is economically superior in their current conditions. It’s even more puzzling when you realize many are trading shitcoins on exchanges!
2) People are accustomed to traditional trust systems with #government institutions. They still trust failing banks to hold their money, and I’m sure they’ll trust CBDCs (which are gradually emerging). Some even trust online exchanges but hesitate when it comes to holding their private keys. It's voluntary #slavery in a way.
3) People in countries like mine have a very high time preference. Deep down, they’ve accepted they can’t change the future, so they don’t even bother trying. I hear things like, 'Someday it’ll be fixed,' or 'Just believe in karma.' This mindset is so entrenched that, despite everything going downhill year after year, they don’t think long-term. They stay trapped in short-term pleasure cycles.
4) We've experienced one of the longest periods of chronic inflation in the world, but we haven’t hit #hyperinflation yet (though I believe we're on the verge). The issue is, people can't imagine hyperinflation. They're not scared enough—or they just don’t want to be.
I’m sure there are other factors, I welcome your thoughts, advice, and shared experiences, especially from places like #Cuba, #Venezuela, #Nigeria, and other countries facing similar struggles.
#BitcoinAdoption #GrowNostr #Fiat #FiatStandard
In a #libertarian world, there would be no crime against an ill-defined ‘society’, and therefore no such person as a ‘district attorney’ who decides on a charge and then presses those charges against an alleged criminal. Someone who intentionally violates another person’s property rights through theft or violence forfeits his own property rights “to the extent that he deprives another of his rights.” These rights are forfeited to victims because the victims have had their property rights violated.
Is there a theoretical flaw in Rothbard’s theory of proportionality? For instance, if you steal my car and refuse to compensate me, shouldn't you be forced to surrender your income until the debt is fully paid? Some might argue this sounds like slavery, but the 13th Amendment allows for involuntary servitude as a punishment for crime. So why doesn’t the current system operate this way? Is it because such an approach is difficult to enforce in practice, or is it a matter of humanity and ethics? What’s the real reason?
#Grownostr #AskNostr #Rothbard #Libertarianism #Law #PropertyRights
Regret is one of the most unproductive emotions. Every action you took was based on your mindset at that time. If you're regretting something you did or said, it shows how much you've grown and changed—because real change happens gradually, not overnight. By reflecting on your past mentality, you can appreciate your honesty in taking action back then. #idea
Wow, this is next-level galaxy brain stuff. Rich people losing trust in the #Fed? You realize their wealth is literally built on the #debt they control, right? Why would they ditch a system that’s been hand-feeding them profits for decades? The real power lies in the fact that their money is backed by our tax dollars. Fiat's not backed by anything? Sure—for us taxpayers.
And seriously, hyperbitcoinization led by central banks FOMO-ing into BTC? That’s rich. If it happens, it's gonna come from the ground up, not from the 1% trying to cling to their yachts. Bitcoin’s not here to save them—it’s here to be our weapon, for regular people. So if you're waiting for billionaires to come to the rescue, you’re gonna be waiting a long time.
Oh, and by the way, hyperbitcoinization won’t happen overnight. There’s no apocalypse coming. It’ll happen slowly and gradually—just like every other positive shift in history. #DCA, #HODL, and grow up already.
Next time you find yourself doubting Bitcoin thanks to the 'brilliant experts' over at MIT, Harvard, and the like, just remember that Paul Samuelson habitually overestimated Soviet economic growth (for 20 years, from 1961 to 1980).
Here’s a nice table summarizing the numbers relayed to millions of students over the decades:
Levy and Peart find that Samuelson was hardly alone. Successive editions of competing textbooks were also stubbornly optimistic about the USSR.
Read more on Caplan's blog:
https://www.betonit.ai/p/why_were_americhtml
#Grownostr #Bitcoin #Freedom #Economics #Soviet #Experts #EconHistory
Partially agreed, but it's hard to grasp the concept of not having an army and relying on China's defense. #Secession might seem appealing, but who would protect you from potential threats like Russian invasions? And what would Taiwan do without U.S. military support?
Nostr idea: Imagine having Nostr comments on every website! An extension could display comments from others on any URL you visit, and you'd be able to leave your own too. Thoughts?
#nostridea #nostrideas #grownostr #freespeech #censorshipresistance #asknostr
I've thought about this before—it would be fantastic! Do you know of any ongoing efforts on this? If not, let's start one!
With you on bailouts and shit. Though, isn't the emergence of governments and their monopoly on violence over territories a clear example of market failure in providing private defense?
Classic election vibes: people don’t vote because they like the bastard’s ideas. But media-induced panic over how evil the other bastard’s ideas are. ‘Yeah, he throws tariffs around, lunches shitcoins, and breaks promises left and right... but price controls?’
#grownostr #freedom #election #trump #us
Big data won't make central planning feasible. Central planning's challenge was predicting the future since knowledge emerges from individual actions. Claiming Big Data can eliminate the need for individual actions is exactly claiming “I can build a time machine and travel to any point in a constant range of time.” Now think about:
1) your delusions of grandeur
2) the world at that time
3) the consequences of such a claim.
#grownostr #Freedom #AustrianEconomics #Bitcoin #Nostr #BigData #AI #CentralPlanning #FutureForecasting #DataScience #TechMyths #EconomicTheory #TimeMachine #Innovation #PredictiveAnalytics #TechDebate
what do you mean by AI stuff?
I was never interested in having a social media account, this one seems different
So, this is the first post probably ever written by me in social. don't trust, verify it! #grownostr #nostr