difference between fiat money
“Because bitcoin’s supply is fixed and cannot be manipulated, it will eventually become the most reliable pricing mechanism in the world and consequently, the greatest distribution system of knowledge. The volatility witnessed today is nothing more than the logical path of price discovery as adoption increases by orders of magnitude and as we advance toward that future state of full adoption.”
Hi There,
Everyone should read the book on bitcoin and blockchain- Here to go–
https://unglueit-files.s3.amazonaws.com/ebf/05db7df4f31840f0a873d6ea14dcc28d.pdf
This meme displays the monetary properties of Bitcoin through perceived value.
Bitcoin is like the platypus setting its own class since it is and at the same time isn’t a currency, commodity or a FinTech. In the future it will fit much more the definition of these classes and especially that of a currency as we begin to see more and more things valued and priced in Bitcoin.
I like this one because the reason I believe in Bitcoin is that it can completely change the monetairy system. But not only that it will change our lives because we can take back the money that the superrich have taken from us.
Then the question is will we be smart enough to not make the same mistakes as they (super rich) made?
Humans want what’s scarce and limited. Power and greed will eventually cannibalize itself by finding ways to duplicate and mimic those limited quantity item so they can have more and in return the system fails and we resort back to the things with limits. It’s the scarcity of things that make them so desirable.
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https://media.giphy.com/media/RgOq6lUGrjKCSmZVR8/giphy.gif
The price of Bitcoin is exponentially increasing based on the rapid adoption from the public who see it as a store of value.
I dont know what else needs to be said.
store of value that goes against the inflation of fiat currencys
this compares how durable and sustainable bitcoin is
This one from the homework was really good too at showing how people decide things through their own belief systems, and how bitcoin like the internet or a Platypus have come to be accepted.
like buying a car, if you aquire 100$ and leave them either in cash or in the bank, the qualitity deteriorates like the car above.
ich you were to aquire sound money like gold or bitcoin or other Cryptocurrencies, you are much better off like with the the car below
Malinvestments were common and still are in many cases. It shows the government’s and central banks’ true colors, since bitcoin cannot be controlled and is completely decentralized, it may be a quantum leap for humanity into a new era of advanced technology.
I really think having such low transaction fee’s is a real game changer. Through usual channels sending money internationally (Bank - Third party - Bank) costs many times more than what sending BTC does (also takes several minutes as opposed to several days!).
I’ve never been so confused as I have during the last couple of years when it comes to the world economy. The older I get, I see the destructive path we are all headed down financially. I may be a little late on crypto, but at least I get it now. This meme says exactly what I was thinking in October 2020.
Bitcoin is a hedge against inflation.