https://101blockchains.com/wp-content/uploads/2018/06/the-effect-of-bitcoin-meme.jpg
This meme is the storage of value.
Bitcoin as money carries certain inherited monetary properties that was built into its design, however as a medium of exchange it is still relatively unstable. Hopefully, this will change in the future as it matures.
Aside from this picture being funny in any context, it communicates the inflation of the USD. The more money the US government prints, more people are interested in hard money.
The US Federal Reserve known as the central bank of the Unites States of America who prints and issues currency is simply a private corporation that answers to know one but itself. It is imposes itself as the centralized authority for monetary policy. Bitcoin promotes the complete opposite of what the Federal Reserve stands for.
1 Like
We don’t know Pythagorus, yet he created the Pythagorean theorem, it works and makes sense.
We don’t know Satoshi, yet he created BTC, it works and makes sense.
We don’t need to know the person to trust their work, especially if it proves to be effective, time and time again. The future is unknown, but we can appreciate how it works today.
Every IOT student after completing this course.
I like this meme because it communicates how my husband and I got into Bitcoin. We are those regret-averse folks! It was in this lesson that I learned the term “regret-averse”, which seems like a technical term for FOMO. This meme is effective because it calls me/us out directly, lol.
BTC will be here long after we are gone
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
The crypto enthusiasts working hard to make it happen. To make bitcoin world currency.
The BTC market never rests
(https://ico-investor.net/wp-content/uploads/2019/12/bitcoin-meme.png)
I prefer to spend my worthless paper currency and keep my Bitcoin as a result of it’s monetary properties and policy that equals easy math for profits.
Abou monetary properties:
Store of value.
It shows at same time how the people that really understand the difference between MONEY and CURRENCY and those ones that does not, tend to behave.
There is a lot of FUD being spread around claiming bitcoin is scam/ponzi scheme and I think this sort of thinking by the masses will be going on for a very long time. Atleast by the people I know, a lot of them still think bitcoin is “fake”.
Bitcoin is neutral and global.
Fiat-issuing governments (like China, etc.) may think they can ban bitcoin like they control their fiat money, but just like the Gutenberg press, bitcoin technology is neutral and universally adaptable for everyone to set up and use, so there will always be other parts of the world keeping the bitcoin network alive and well. At the end, it will be the governments that tried to ban bitcoins to miss out and be left behind.
2 Likes
Don’t get so emotional when it goes down. As Einstein said, what goes down must come up.
1 Like
Fundamentally Bitcoin is decentralized so it is almost impossible to ban bitcoin.
That’s why this statement is the dumbest 