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Bonzai
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Just a nerd. 🤓Love bitcoin. Etc. Husband, father, grandfahza and a no body. Have a blessed life. I do. 😎 #Bitcoin

JUST IN: 🇺🇸 December rate cut odds spike from 27% to 70% in 24 hours after dovish Fed comments

Turn the printers on! 🚀 Per nostr:nprofile1qyw8wumn8ghj7mn0wd68ytfsxyh8jcttd95x7mnwv5hxxmmdqy28wumn8ghj7un9d3shjtnyv9kh2uewd9hsqgpl8gwgwdg7gspd6ukw7k72cujx5243kwh990aw98h5wfft062v9uykgfsf

Replying to Avatar mcshane

bliss

Wait do you have the one with the foot peddles for paddling? Nice none the less.

Bitcoin is the shark in the ocean of fiat. Devouring everything in its path.

Don't be the victim in life. Your the only one that can make a change in your life. People can help you but you have to make the decision to move forward. I seem to be telling my 23 year old that a lot lately.

Redneck climate control.

Bitcoin Adoption: READ for newbies.

1. Decentralization and Control

No Central Authority: Bitcoin operates on a decentralized network, meaning no single entity or government can control or manipulate the currency. This reduces the risk of censorship, seizure, and manipulation often seen with centralized financial systems.

Empowerment: By using Bitcoin, individuals can maintain control over their own finances without needing to trust banks or governments to manage their money.

2. Security and Transparency

Blockchain Technology: Transactions are recorded on a public ledger, the blockchain, which is transparent and immutable. This provides a high level of security against fraud and corruption, as altering past transactions requires a consensus of network participants.

Cryptography: Bitcoin uses advanced cryptographic techniques to secure transactions and to control the creation of new units, ensuring that only legitimate transactions are processed.

3. Financial Inclusion

Access for the Unbanked: Billions worldwide lack access to traditional banking but can use Bitcoin with just a smartphone and internet connection. This can be particularly transformative in regions with unstable economic conditions or where banking services are sparse.

Lower Transaction Costs: International remittances through traditional banking can be costly. Bitcoin can significantly reduce these costs, making it easier for migrant workers to send money home or for small businesses to operate internationally.

4. Economic Freedom and Resistance to Inflation

Limited Supply: Bitcoin has a capped supply at 21 million coins, which mimics the scarcity of gold, potentially guarding against hyperinflation, unlike fiat currencies which can be printed at will by governments.

Protection Against Inflation: In countries experiencing hyperinflation, Bitcoin offers a hedge, with its value often appreciating while local currencies depreciate.

5. Innovation and Investment

Growth of Ecosystem: Bitcoin has spurred the growth of numerous technologies and applications, from payment processors to investment vehicles like ETFs, fostering innovation in finance.

Investment Opportunity: Given its history of significant appreciation, Bitcoin is seen by many as an asset with potential for high returns, attracting investors looking to diversify their portfolios.

6. Privacy

Enhanced Privacy: While not completely anonymous, Bitcoin transactions can offer more privacy compared to traditional banking where every detail is logged and potentially exposed to various parties.

7. Global Acceptance

Widespread Use: More businesses, both online and offline, are accepting Bitcoin as payment, which increases its utility and acceptance as a form of currency. This trend is likely to continue, making Bitcoin more liquid and practical for everyday use.

8. Environmental Considerations Moving Forward

Energy Consumption: Bitcoin mining is reported to use a significant portion of renewable energy. Recent data suggests that over 50% of the energy used in Bitcoin mining comes from renewable sources. This includes various forms like hydroelectric, wind, and solar energy. However, exact percentages can vary slightly based on different studies and the time of year due to the availability of certain renewable sources like hydroelectric power.