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Bitcoin Is Not Money
19 sats \ 11 comments \ @edblock 22 Nov 2022 bitcoin
It may seem like a mistake, but it is necessary to understand that Bitcoin is a cryptographic text code capable of storing the energy of time, that is, preserving the value of our actions of social, intellectual, cultural, and spiritual transformation in humanity.
Neither money nor any form of investment is capable of accomplishing this feat that only Bitcoin can accomplish.
Therefore, Bitcoin is a concept that is above the idea of financial system that we currently have. This is what guarantees our freedom. Bitcoin is full individual freedom.
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6 sats \ 1 reply \ @Hermit 22 Nov 2022
Bitcoin is Money: Because if I give you 10M sats for the shoes you are wearing, you will do the trade
Bitcoin is a monetary Network: Because it can transfer value to anywhere in the world at the speed of light and almost no cost
Bitcoin is Financial Inclusion: Because anyone with a phone and access to internet can join the network and nobody can stop it
Bitcoin is Digital Energy: Because it can transform the sun in the desert, the wind in the ocean or the methan of a landfield into value that can be exchange for goods and services anywhere in the world.
Bitcoin is something else: Because I didn't discover that feature yet
And the most important:
Bitcoin is unknown: Because nobody can predict how this is going to evolve and what new features is going to have.
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0 sats \ 0 replies \ @NorthKoreanHostage 23 Nov 2022
This should've been the post.
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2 sats \ 0 replies \ @nullama 22 Nov 2022
Bitcoin is money, because I can pay for stuff with it.
Bitcoin can be more than money though.
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2 sats \ 1 reply \ @TomK 22 Nov 2022
Thats right. Good point. But Bitcoin also fulfills the characteristics of sound money. Jason Lowery is making Your argument, too btw.
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0 sats \ 0 replies \ @01xCc 22 Nov 2022
просто сначала сделали денежную форму для проверки работоспособности технологии. Биткоин- инструкция
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1 sat \ 0 replies \ @Chillywater 22 Nov 2022
Money 3.0 let’s go
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0 sats \ 0 replies \ @cryptocoin 22 Nov 2022
January, 2014:
Bitcoin is not money. If you seek “compliance” you are asking for trouble. https://medium.com/@beautyon_/bitcoin-is-not-money-if-you-seek-compliance-you-are-asking-for-trouble-cbe9107e5298
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0 sats \ 0 replies \ @Jon_Hodl 22 Nov 2022
I hear where you are coming from but anything that we decide to use as a...
  • store of value
  • medium of exchange
  • unit of account
...is money by default.
Bitcoin can be more than money but I think it is absolutely money for a good number of us. I accept it as payment for my labor.
Here's my best summary of what money is: https://www.whatisbitcoin.com/money
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0 sats \ 1 reply \ @phygit 22 Nov 2022
All this is true but doesn't change the fact that, to onboard the next billion users, we still need to stick to simple things.
People will see the benefits of Bitcoin in their daily lives if/when they realize that 1/ It's a much more transparent and fair monetary system, 2/ It's money you really own.
Then, later, maybe, they will start to realize how deep and big a change Bitcoin is for society.
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0 sats \ 0 replies \ @NorthKoreanHostage 23 Nov 2022
You have it backwards.
Bitcoin is just another payment system to regular folks. It's no different from apple pay or PayPal or the cash app.
The only reason why people get into Bitcoin is because they see the deeper values of Bitcoin.
Fully public, fully automated, hard money with no central authority and a finite supply. No permission needed. Nobody can stop it. It's incorruptible.
Eventually even really stupid people will think Bitcoin is the obvious best choice. But it'll take a lot of time. Stupid people are incredibly susceptible to misinformation.
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0 sats \ 0 replies \ @01xCc 22 Nov 2022
Биткоин инструкция.!
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