Stage 1: Bitcoin makes you wealthy
Stage 2: Bitcoin takes away power from the money printers
Stage 3: Bitcoin gives power back to the people
Stage 4: Bitcoin makes you self-sovereign
Stage 5: Bitcoin builds civilization
Power centralization is the root of many inefficiencies. Inefficiencies in human endeavors are what causes oppression. Oppression is evil.
Decentralize power. It starts with Bitcoin.
According to @saifedean, every fiat currency in the world has lost more than 95% of its value since 1971.
That means if you had $100 in 1971 and left it in your bank account, it would be the equivalent of $5 or less today.
Long Bitcoin, Short the Bankers.
If I've ignored or politely declined your request for coffee or a conference invitation, I was genuinely flattered. I'm a busy geeky introvert, and decline most social invitations. I enjoy and learn from them periodically, but like most introverts, have to "recover" between them.
Galia Benartzi is always an inspiring figure both for women in #blockchain and for Crypto-enthusiasts. Check out her latest interview at BloombergTV. Go Galia 😊👍🏻❤️ https://t.co/8JQ4RXHYJm
Things are about to get interesting:
- US in longest bull run in history
- Debt piling up fast
- Developing world currencies failing
- US Fed raised rates 3X this year
- US likely to raise rates to defend currency in future
Long Bitcoin, Short the Bankers.
Paying with Bitcoin is not really different than selling it.
If you really want to help Bitcoin, demand to be paid in it for whatever good or service you provide.
Current fiat backed stable coin global 24hr volumes:
Tether: $2.3B
TrueUSD: $9.4M
PAXOS: $3.7M (Regulated, and only recently listed on Binance for a few days)
Gemini Dollar: $79K
USDC: unknown
Learn about them and choose for yourself.
I've been doing a very slow but gradually accelerating deep dive into consensus mechanisms. It's probably my favorite rabbit hole in crypto. Can be hard to follow since so many critical explanations occur in bitcointalk forums or medium essays or developer chats. Best resources?
The first in a series of posts on distributed agreement and blockchains for my recently relaunched blog. "What is a blockchain?"
https://t.co/DbMprUd3o2