Activity Lesson 5

Disinflation Bitcoin vs Hyperinflation Fiat

Volatility caused by hype and lack of understanding. Although, all press is good press right?

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It doesn’t matter who is behind bitcoin. The code that runs bitcoin is open source. All transactions are public, there is no fractional reserve lending, there is no secret inflation. Even if Lord Rothchild is Satoshi Nakamoto, he can’t use bitcoin to enslave anyone.

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This is my first attempt at making a meme. The clip is from Monty Python and the Holy Grail where King Arthur is repressing a dirty peasant. The meme here is only loosely connected to the film, since in the film, the dirty peasant is actually an educated anarchist.

I thought this represented a little bit what is going on, since bitcoin is (and probably will do much more so in the future) stealing purchasing power from the US dollar (although it’s really the dollar’s fault). The other dirty peasant who is watching is bonds, and gold is watching in the background (King Arthur’s squire). Gold as BTC’s squire is sort of appropriate, since many of the people buying crypto now would probably be buying precious metals if crypto didn’t exist, so in a sense, gold is carrying crypto. Also, recently gold’s purchasing power has been roughly stable, but it hasn’t seen the explosive gains that bitcoin has.

Beautiful set of memes.

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I think this is effective in conveying the irony of the fact that the ponzi scheme is actually the fiat currency that people value so dearly.

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ANSWER
Link:
https://www.reddit.com/r/bitcoinmemes/comments/hao71e/btc_the_redpill/?utm_source=share&utm_medium=web2x&context=3

This meme communicates Bitcoin’s value proposition as true money (like gold) as opposed to fiat currency. It reflects the concept of Gresham’s Law, which say that bad money drives out good money. Eventually people understand that they should hold Bitcoin and spend fiat.

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USD has historically become less and less valuable over time. Bitcoin has increasingly become more and more valuable because of its built-in supply, decentralization, digitalisation, globalisation and much more.

This is why I traded 75% of my cash into cryptocurrency. Like the guy on the meme, cash wasn’t turning me on anymore, whereas Bitcoin got me really horny.

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Like Christmas presents on a stocking, the world woke up to a great gift, of an unknown Satoshi Santa, who we know passed by but never got to see!

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In a fully decentralized monetary system like Bitkoin, there is no central authority that regulates the monetary base. Instead, currency is created by the nodes of a peer-to-peer network. The Bitcoin generation algorithm defines, in advance, how currency will be created and at what rate. It prevents system from future often crises.
https://watchingamerica.com/WA/2015/10/20/monetary-policy-removal-of-cash-bitcoin-the-new-and-improved-central-banks/

you only lose when you sell

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Laughing at this one because they’re all changing their minds, now, aren’t they!

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I think this meme is effective because they are clearly laughing at this laughable comment that makes clear that is bad advice. My Mother-In-Law spoke with her financial advisor about Bitcoin and he told her they don’t recommend investing in Bitcoin as there is nothing that backs it.

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gold-candy_1
The OG Bitcoin. This shows the Proof of Work aspect of money as oftentimes chocolate coins represent buried treasure, which people would have to go out and find

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Keep the power of purchase, store of value

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The time has come to change this flawed system! Money printer go brrrrr has consequences.

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Every century there’s an opportunity within change. Change is unprecedented and there isn’t going back. You either grasp and stay resilient or fall and stay behind. I made this meme thinking - It’s short to the point.

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At the moment, one cannot exist without the other. However synonymous one may seem to talk about one or the another, there is an obvious bias towards where your belief is.

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You are my new Idol now!!! :joy: :joy: :joy:

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