Activity Lesson 5

Bitcoin is deflationary, but many people think it is a bubble that will eventually burst.

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Bitcoin’s monetary policy doesn’t change and can’t be interfered with (easily)

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Bitcoin vs Fiat

inflation

How the inflationary nature of fiat is a feature, not a bug and how this cycle is precipitated by the ‘reckless spending’ many of us see as irrational, when in fact it is their rationale.

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It has a fixed supply.

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In May this year someone unknown beamed this onto the Bank of England’s building, followed shortly by another projection - “Bitcoin fixes this”. The Bank of England’s governor stated in 2020 that Bitcoin has no intrinsic value and went on to say that cryptocurrency investors should be prepared to lose all their money. Immediately following that statement the price of Bitcoin increased from $5k to $61k in the space of a year! This just highlights that a country can’t use fear factor to try and pull the wool over the eyes of all their citizens, and more and more people are choosing to invest in Bitcoin as they see little scope of opportunity in their own fiat currency due to the diminishing purchasing power as well as negligible interest rates.
Bitcoin_Meme_projected_on_Bank_of_England_Building

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A good meme that shows hidden truths, money manipulation and power of the elites over citizens vs. a new, open source code that has proven ‘first flight’ of a currency/store of value system that can be designed outside of centralized control.

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Good one! I like this meme a lot.

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I don’t know if the Dalai Lama has any bitcoins. But he should. Om mane padme hum.

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I just had to look up my favorite classic meme for a bitcoin reference and this one didn’t disappoint. It mostly emphasizes the crypto skeptic’s tendency to be reliant on the government as a more “sound” source of money, while ignoring how history repeats itself. All fiat currency eventually goes to zero, while, although BTC is new, it can be categorized with gold and other resources with intrinsic value that have stood the test of time.

this meme shows the btc neutrality, this btc hodler saying Im the fed, representing the neutrality from gobernments, politicians, (central entities)btc meme

Bitcoin meme

To me this meme looks into the present-future where technology once again disrupts and reshapes our society. Bitcoin is here to stay and potentially all of the following businesses will become stakeholders to some degree. Indeed, something interesting is happening.

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I’ve just become a victim of a bitcoin scam.
How do I recover my bit coin?
Request a Chargeback: Filing for a chargeback is another way you can explore. To recover scammed bitcoin and crypto lost to crypto investment scam . You can either contact your wallet provider to initiate the chargeback process or report the scam company to law enforcement.
SFPD: Please provide a picture as Exhibit One

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It is inevitable that everyone would start owning some BTC after they see the results of soft money and quantitative easing.

image![image|500x500] The evolution with currency.

I’m so RARE you’ll never find me.
If you care for me I’ll reward you with more of me.
But if you part with me or any part of me all you need
is to type in your transformed password and I’ll go. (What am I?) [Answer: BITCOIN]

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Just because someone doesn’t understand why something is valuable
Doesn’t mean it isn’t. Art is in the eye of the beholder, the mind of the artist
and it’s value is determined at auction anytime a patron parts with a bit of the bit.

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Being a positive thinker

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https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3ce80cec-431b-4004-bc1d-3f389b9c8a5d_576x960.jpeg

Dollar purchasing power is going down with time, while Bitcoin’s purchasing power is going stronger.

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Bitcoin and decentralised world is the solution!

plan-bitcoin-meme
This pictures the problem with fiat currency being printed to solve monetary problems, but in the long term it only makes it worse. So Bitcoin could be a nice plan B, as it can not be printed like that.