Every minister in the new Plaid Cymru Cabinet is a fluent Cymraeg speaker. For the first time in 622 years, since the parliament of Owain Glyndŵr, our government will hold its Cabinet meetings in Cymraeg, the mother-tongue of our nation, and indigenous language of Britain 🏴
A new era of leadership starts today 🏴
This Cabinet will bring new energy, new ideas and a new direction to the way our nation is led.
Our pledge is simple – to repay people’s trust in us as quickly as we can, bringing the nation together.
The big takeaway from the Strategic Bitcoin Reserve?
The US, issuer of the world’s reserve currency, just validated #Bitcoin as a credible, neutral reserve asset.
The magnitude is hard to overstate. A global reserve asset shouldn’t be worth the same as Amazon. Soon, it won’t be
Any good that is useful and scarce will have a price (consider that air is useful but not scarce, and fish with three eyes are scarce but not useful, thus no price for either of them). Because the Bitcoin network is useful, and because only scarce bitcoin currency units are permitted on this network, the bitcoins themselves have a price. Indeed, they must have a price until the network is no longer useful, or the coins are no longer scarce.
This is not magic. It is not a Ponzi scheme or elaborate fraud. It’s just the market pricing something that it finds useful. As the network grows in usage, its utility subsequently grows, and thus scarce bitcoins appreciate further. Those who grabbed coins in the early days benefit hugely, just as those prospectors grabbing nuggets of gold out of the California foot hills did in the early days of the gold rush. Gold is not a pyramid scheme merely because early acquirers profit from later subsequent adoption and demand.