Activity Lesson 5

[KcDevDude]

Bitcoin is governed by a decentralized network and community that has open sourced code for anyone to view and understand. This decentralization is by far the most important part to me.

Unlike fiat currency, central banks and federal reserves are central authorities with all the power. In the US Jerome Powell would be the figure head or chairman of the federal reserve that most people would associate with the power over the monetary policy, which changes when a president appoints a new one. This leads to massive manipulation as we can all clearly see now.

Soon most all governments will try to regulate and manipulate crypto, never let them centralize bitcoin people never!!!

[Itzamna]

I like how it demostrates the durability and maintaining purchasing power.

[Jugging_Crypto]

This meme plays on the fact that BTC is neutral and decentralized. BTC network doesn’t care whether or not you are using it legally, who you are, who you pay or how much you have. It also is commentary on it’s monetary policy and monetary properties. It can be used similarly to cash in many circumstances and can not be manipulated by any centralized authority.

[Lyndon]

Explains the need for clear explainations.

[Cryptofuture]

New generation has been aware of the digital currency in a short period of time so Bitcoin will be the currency they will be accepting in near future.

[zanjakobjez]

It shows that the Bitcoin algorithm has a set stock-to-flow and a fixed supply. It can not be created freely as fiat currency.

[Crypto_Sherlock]

Indestructible.

[Voda]

One day we won’t be in greed for fiat, but we will use cryptocurrency.

[jad]

Hodl your scarse money Bitcoin for your future, use first your shitcoin, your Fiat currency

[Jesal_Patel]

No bank or central authority can seize your funds as you have complete control assuming you stored them in an offline storage and have access to your own keys.

[Guilherme_Freitas]

Bitcoin’s scarcity will keep (or even increase!) our purchasing power over fiat denominated world!

[cgolas]

As more and more institutions accept bitcoin it will slowly transfer people to the platform.

[Olivier]

Gresham’s law!! spend your bad money and hold the good!

[Nuno]

@Arami_Alfarhani

Find or create a meme that communicates an aspect of bitcoin (i.e… monetary properties, monetary policy, proof of work or neutrality). Post the meme/gif or a link and add a 1-2 sentence description of what aspect it communicates and why you think it’s effective.

[Renz]

Bitcoin has outpaced most similar store of value assets in the last decade. It is the best asset I have ever heard of in my short time of exploring finance and economics.

[StevenM]

This perfect. There’s a pandemic going on. Can’t work. Trouble getting unemployment. File for a chapter 7 bankruptcy. Now have more than I spend. Put the excess into Bitcoin. And I’m free!

[juansatoshi]

Fiat currency: debt-based monetary system, inflationary (stealth tax), privately-owned central banks, ever-increasing income disparity, boom & bust cycles, reduced purchasing power over time.

Bitcoin: open-source/transparent, secure, disinflationary, debt-free, no shareholders or CEO, store of value, trustless, can’t be seized or shut down, you are your own bank.

[Lukas_J]

Me before I dared to ask. Then I realized the value and bought as much bitcoins as I could afford.

[Lumin8Crypto]

Bitcoin is Censorship Resistant. This is a an aspect of Bitcoin that makes it similar to a platypus.

[LALauw]

This is quite amusing. Bitcoin is probably the best store of value. I’m excited for the bitcoin price for the iPhone 13 2021