I am really starting to get tired of the bitcoin isn't an inflation hedge, lol it stops you from dilution IN THE BITCOIN network, it doesn't control whats going on in secondary markets, gosh everytime I have to explain that one it does my head in lol

As someone not in the western world (South Africa) bitcoin looks so good, I literally have no other way to save, every financial instrument is impaired when you do the real return calculations and the currency is not doing you any favours

Bitcoin is MEANT to redistribute wealth and its only going to do that by allowing those who didn't get much out of the fiat game to get in first

Side note: The way you formatted this post, top stuff man, appreciate the time you took to use the mark ups

Great read. Just a random thought in case someone feels like getting their hands dirty: it would be great to have some webpage/dashboard where one could easily look for BTC all time highs against many different fiat currencies. It's a great way to see how, even in a bear market, BTC is still working wonders for people outside the western fiat domain.

Reading the title I thought it was a click bait but actually it was a good read. As you pointed out the real issue is the so called "financial privilege" of many of those that critic bitcoin. They don't understand the true value propositions of bitcoin because they hold a position of privilege being born in a rather safe part of the world (for now)

The adoption matrix is really interesting. I never thought about it that way.

Western fiat is a threat to the stability of the western world, and the safety of all the world. It may have served a purpose during war, but its continued use only impoverishes all but the few. The underlying problem of fiat is the unlimited credit expansion of governments. So long as the currency is accepted, it destroys wages, pushes savings into risk assets, creates value bubbles with misallocation, and allows eternal wars with taxation by inflation.

Bitcoin is the new declaration of independence. It is separation of money and state.

This writing from @hj is a very good summary of counterarguments against bitcoin, and we need more of this to understand the mountain face that has yet to be scaled, and to be prepared for any hardships we may be bringing upon ourselves by doing so. There is a yet unaddressed problem with bitcoin I have identified. Assuming it does become the world currency, and it will, central bank fiat is in actuality not money. It is debt currency, and like stupidity, the depths of the ability of the world to create debt is nearly unlimited. For the world to move to hard and superior money is to swear off the ability to loan cheap money. If a currency is deflationary, and bitcoin will be indefinately due to its ability to store value, the interest rates will necessarily be high to incentivize lending. A loan will also suffer from a time-value problem for the payor as the principal will be harder and harder to pay as the loan ages. The equivalent interest rate for hard money could be 25 to 50 percent per year. A bank currency allows money on deposit to be lent many times over, and therefore the bank currency permits low interest rates (cheap currency). For the payor, a loan under an inflationary bank issued currency is very cheap. With modern interest rates of 3 percent and inflation well above 10 percent, you technically are being paid take out credit. So long as everyone services their debt, the long-term inflation of this bank currency is fixed at zero. The problem arises when governments take on debt on behalf of the people. This should never happen, at all, ever. But it does and always will because the temptation is too high and the character and intelligence of people with this power is too low. It's because of this moral hazard that a hard world currency is necessary. They have made cheap money unsustainable and undesirable.

Well, if anything its pretty fun.

Mining

Node

Community

Spending

Storage

As a former bank employee tasked with introducing customers to new financial tools........These are some cool products and services

Nice homage to pascal's wager. Need to make that into a pamphlet or stickers.

Glad to see a meaningful submission here once in a while. Agreed. Am stacking for the kids and future generations as well as possibility to flee against tyrannical govs. One never knows when the utility of digital money that are secured with truly distributed network might come handy.

We are still early - keep calm and DCA in

Want more of these types of posts. Good work friend, take my sats.

That’s right. Bitcoin is poor’s people money. Western world still doesn’t get it enough.

Good read! As an investment, Bitcoin the asset is a hedge against money supply inflation, but not against CPI inflation (which lags money supply inflation by 12-18 months it seems).

But it's value as a tool for censorship-resistant transactions has only really started taking off in parts of the world where that's needed and desirable - Argentina, Brazil, Nigeria, Ukraine, Vietnam, Philippines, etc. Our payments systems in the West and in China are pretty good, but will be outcompeted over time as long as there's interested developers and passionate users.

Bitcoin. The perfect weapon for assymetrical warfare. Every time someone else adopts it, but you were already in, it gives you a bit more power

каждый находит свое в биткоине! кто то защиту от инфляции, кто то независимую отправку средств. кто то для бизнеса

Nice formatting! 😍

Sats.get();

Биткоин это все что я могу контролировать в этой жизни.

Honestly if i was offered all the bitcoin in the world i wouldnt take it, because then i would own so much of it, that it would put everyone else off, and i might lose that $25

Well done. And step by step but btc is getting stronger and stronger

This was an amazing read.

Nicely explained and structured. Good reasoning and sources. Cheers!