An excellent and inspiring introduction to, and reminder of, #Bitcoin's value to the world, all through a comprehensive and historical lens on money. https://t.co/7XsLye608n
If Apple, Google, Facebook and Twitter were acting in concert to raise prices, everyone would be up in arms. But acting in concert to repress speech, no big deal. Aren’t civil liberties supposed to be more important than money?
The Fed cut the Fed funds rate to zero and is buying hundreds of billions in assets. This will create no new ventilators. It will train no new doctors. It will not provide much needed sanitation products.
It will make the banks happy though.
Among other uses, Bitcoin is a vehicle for patience and thoughtfulness. If you already know what you want to consume or invest in, and you need it now, stick with fiat. If you want time to learn, convert your inflating fiat to deflating Bitcoin until the time is actually right.
@DropGodl @benthecarman At most only 21 million people can own even 1 Bitcoin and that is assuming the rest of the population owns none and ignoring lost Bitcoins. So 1 Bitcoin isn't too bad.
To those of you grumbling about Bitcoin as digital gold, this was a popular idea even prior to Bitcoin (with bit gold). Szabo wrote the following in 2011
Some of my writings on collectibles and the origins of money:
Original paper: https://t.co/sn5Vj0gZgV
Ethnographic example: https://t.co/1Hb7kNXNsJ
Authority resemblance etc. in the archaeological record: https://t.co/QJCETA95Cu
Metal: https://t.co/dBrZWZTJ7Y