Activity Lesson 5

Bitcoin is Uncensorable and has solid Monetary Policy.
Meme

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Yeah. Michael Saylor: Bitcoin’s Volatility Is Vitality.

Uncontrolled. Unsurpressed. Real market. Real prices.

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Unlike the FED, Bitcoin protocols allow for real-time auditing.

https://journalducoin.com/wp-content/uploads/2018/01/bitcoin-sign-guy-1.gif

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This meme is related to the trust of bitcoin. We all know the current monetary/financial establishment will do anything to make bitcoin look bad because it threatens all of the middle-men, fractional reserve banking etc.

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53gl8q

Bitcoin can’t be debased

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https://i.pinimg.com/originals/de/bd/8d/debd8dcad43a11ea8935155cefb6e413.jpg

This illustrates the neutrality of Bitcoin because in whatever situation it is involved in the protocol is neutral. It exists for its purpose, nothing more and nothing less.

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coins

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I chose this from the internet. I would say that this communicates how people see cryptocurrencies, they have bias that Bitcoin is the only one and that it is used by scammers, criminals and people who want to avoid paying taxes.

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Btc meme hw
It seems that people as a whole don’t question why they use fiat currency. Where does the real value come from? Bitcoin performs a much better job than any other currency and although that information alone is so obvious, many people still struggle to comprehend it.

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Screenshot_20210329-115616_Chrome

We are lucky that there is only 21mil bitcoin possible and nobody can change it.

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The value of the US dollar has been dramatically declining over the last 100 years because of inflation of fiat currency by rampant currency printing. Alternatively, due to bitcoins limited supply this is deflationary, and thus the value of bitcoin continues to achieve more purchasing power since its creation.

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pikachu

Bitcoin can be considered store of value, medium of exchange, unit of account - just as fiat currency. But the plus is that Bitcoin has clear inflation predictability.

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I’m not sure who this is an image of…but the point stands that Bitcoin is a network that is decentralized where PoW and mining secures the network.

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Bitcoin has survived the initial indoctrination challenges. BTC is here to stay and will continue to be adopted by society and corporations as a legitimate currency that is neutral and not controlled by any central government or political organizations (like central banks). BTC has held the line.

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Bitcoin is value being digitized and decentralized.

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BTC and inflation

Bitcoin it is truly a deflectionary currency that has shown that over time it increases in value unlike other papers in the world. It succeeds because it was thought that way from the beginning, it is a precious thing, rare and well designed for a healthy economy.

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Learning about cryptos in general and Bitcoin specifically can be intimidating and somewhat overwhelming. I understand why people are “afraid” of it or don’t want to believe its usefulness.

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This meme represents Bitcoin’s PoW difficulty at current stage)))

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People right now be like.

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