Why does the world need #Bitcoin?
GPT-4: While it's a matter of perspective whether the world "needs" Bitcoin, there are several reasons why Bitcoin and other cryptocurrencies have gained popularity and are seen as valuable by many people:
1. Decentralization: Bitcoin operates on a decentralized network, meaning that no single entity, such as a government or financial institution, can control it. This decentralization can provide more freedom, autonomy, and resistance to censorship or manipulation.
2. Financial inclusion: Bitcoin can provide access to financial services for individuals who are unbanked or underbanked, particularly in regions where traditional banking infrastructure is limited or unavailable. With a smartphone and internet access, anyone can use Bitcoin for transactions, remittances, and storing value.
3. Lower transaction fees: Bitcoin transactions can have lower fees compared to traditional financial services, especially for cross-border transactions. This can benefit both consumers and businesses by reducing costs associated with international transfers.
4. Transparency and security: Bitcoin transactions are recorded on a public, tamper-resistant ledger called the blockchain. This provides transparency and security, as transactions can be easily verified and traced, reducing the risk of fraud and corruption.
5. Limited supply and inflation resistance: Bitcoin has a capped supply of 21 million coins, making it a deflationary currency. This limit reduces the risk of inflation, which can erode the purchasing power of traditional currencies over time.
6. Privacy: While not fully anonymous, Bitcoin offers a greater degree of privacy compared to traditional financial transactions, as transactions are only linked to a public address rather than personal information.
7. Investment and diversification: Many people view Bitcoin as a valuable investment and a way to diversify their financial portfolios. As a digital asset, Bitcoin has shown the potential for significant growth in value over time, although it's essential to note that it also carries risks and volatility.
8. Programmable money: Bitcoin and other cryptocurrencies enable programmable money through smart contracts, which can automate and streamline various financial processes and transactions, leading to increased efficiency and new business models.
It's important to note that Bitcoin and other cryptocurrencies also have their drawbacks, such as volatility, scalability issues, and energy consumption. The perceived need for Bitcoin can vary depending on individual perspectives, financial situations, and regional circumstances.
Watching Bitcoin absolutely send during a banking crisis after regulators tried to cut off the industry has to be one of the most satisfying moments ever
Il comunismo 3.0 è "capitalismo" di stato, o stakeholder capitalism come piace dire a Schwab.
Un sistema economico e sociale in cui il cittadino è dipendente dello stato sia dal punto di vista economico (è un fattore di produzione) che dal punto di vista sociale (è il destinatario di welfare).
Lo stato produce (guerra, più che altro) grazie allo sforzo produttivo dei cittadini, che lavorano per finanziare la macchina.
Così si ribaltano anche due paradigmi storici dello stato moderno:
1. Il cittadino può fare solo ciò che è permesso e lo stato tutto ciò che non è espressamente vietato.
2. Il cittadino deve essere totalmente trasparente verso lo stato, che viceversa si allontana sempre più dai cittadini e diventa sempre più opaco.
Dopo decenni di lotta al capitalismo (vero) abbiamo eliminato tutte le barriere culturali e filosofiche che ci proteggevano dalla tenue tirannia che profetizzava già Tocqueville: libertà di mercato, libertà individuale, proprietà, privacy.
Il tutto sarà condito dalla nascita di un vero e proprio stato etico fondato sulla sorveglianza di massa e identità digitale. Perché proprio come in un'azienda, è il datore che decide il modo in cui i dipendenti devono comportarsi nello svolgimento del loro lavoro.
Ad esempio, non si fuma nei locali aziendali (cioè tutti i luoghi pubblici, di proprietà dello stato).
#Bitcoin is a bank that can't lend out, invest, gamble, dilute, debase, freeze, or seize your assets. It works all the time, everywhere in the world, and is unstoppable.
#Bitcoin is the only human hierarchy that cannot degenerate into chaos nor rigidify into tyranny.
Chaotic degeneration is prevented in the sense that Bitcoin is ineradicable and its core consensus rules cannot be bent, twisted, nor broken.
Tyrannical rigidity is prevented in the sense that participation in Bitcoin is purely consensual and affords equal rights/responsibilities to all network participants.
Cc: @jordanbpeterson
A #Ballarò Conte difende il superbonus edilizia voluto dal suo governo. Uno schema Ponzi da oltre 60 miliardi al biennio colpevole di avere fatto lievitare le fatture edilizie del 400%.
Conte ci rassicura dicendo “tranquilli, lo Stato mica è #Bitcoin.”
Esattamente Giusè: suca🖕🏻
“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” ~ Buckminster Fuller, early #bitcoin advocate
Elon Musk can take control over companies, states and shitcoins, but he can’t take control over #Bitcoin, no matter how much he would offer to pay.
Decentralisation matters and that’s the reason why most billionaires hate #Bitcoin and love shitcoins. It’s all about control.