1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (140) ·
Bitcoin is the only financial product you'll need as business owner or wage earner.
At some point in the future, earning Bitcoin will be the measurement of growth or success in everything you do or participate in.
It is money that is deflationary.
Replies
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (140) ·
Bitcoin beats any other savings. It will be no longer needed for a regular citizens to worry if they are saving in the right currency, time interval or stocks as inflation will not be an issue.
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (5222) ·
Which ultimately implies that there can only be 1 bitcoin.
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (140) ·
Yes Jamie Parks, ultimately it means there can be only one blockchain, one Bitcoin. We got scale, we got utility & we're going to get velocity = liquidity onchain (which is blockchain).
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (5222) ·
@mihai bitcoin will never be money, but I'd argue that it is already a currency.
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (2951) ·
Instead, what Bitcoin is: the back-end, the plumbing, for a new way of information transfer and retention. The link between payments and services, suddenly they're not separated anymore. A peer-to-peer electronic cash system.
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (2951) ·
Bitcoin cannot and will not be currency, ever. Neither will any other capped deflationary currency.
It leads to hoarding, and a lack of innovation due to there being no incentive to invest (you're better off holding). It has a higher Gini index than NK.
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (140) ·
Growth means deflation & savings means you can pass your proof of work safely to your children. You can again save.
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (2951) ·
With the current Bitcoin system, the poor will always get poorer. First you get 1 Bitcoin, then 0.1, and suddenly you are only able to get Satoshis. Inflationary systems allow equal opportunity for everyone, not just early adopters.
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE (140) ·
Mihai; When the majority uses Bitcoin, velocity is being met so that price stability occurs. It now grows on added value people give back to the economy, an honest reflection. You work, you contribute. Yes, early gets benefits for the risk/reward.