@praxeologist
Liberty, Institutions, Money, Free Speech and So To Speak! contributing to dezh.tech
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Where is the most reliable platform to buy Bitcoin via P2P using USDT? #grownostr
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When people say #anarchy has never existed in human history, they often define it poorly. Anarchy is not a political system, a society, or a geographical entity—it’s a #protocol by which human beings interact without unjustified force. You should look for it everywhere, and you’ll easily find it!
Just consider how music has evolved, how foods and recipes have been created, how mathematics has advanced through individual contributions, or even the history of #Bitcoin 's whitepaper. These are all examples of anarchy—voluntary, self-regulated, and decentralized coordination. Anarchy has existed in nearly everything we enjoy!
#grownostr
Just consider how music has evolved, how foods and recipes have been created, how mathematics has advanced through individual contributions, or even the history of #Bitcoin 's whitepaper. These are all examples of anarchy—voluntary, self-regulated, and decentralized coordination. Anarchy has existed in nearly everything we enjoy!
#grownostr
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I'm not sure what you are referring to.
Transferring from your bank account to an exchange, and then transferring it to your wallet.
Because not all exchanges accept fast depreciating currencies (most don’t accept them to my knowledge)
Local ones - those in my country - do.
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I've found that the biggest issue with BTC is that it's so different in it's simplicity.
You don't have to DO anything, really. Here's some words. You can send it to anyone without any third party (...
Agreed, the process of transferring from your bank account seems complicated though.
I know in India, its a similar fate. People don’t believe it’s going to fix or change anything. The rich get richer and poor gets poorer. #Bitcoin fixing the world is distant dream
I understand, but India is far better compared to some other countries. We're talking about inflationary countries...
In the country I live in, where the economy is in shambles, an average family spends around $300 a month to live (after subtracting debts, taxes, insurance, etc. from their income). The annual inflation rate is about 50%, and it's getting worse over time. #Bitcoin #Adoption seems like a reasonable solution, especially with the #Lightning Network enabling payments of $300 a month. But what's holding it back?
I used to think it was all about volatility, but then I asked myself—volatility for just $300? Sure, it's a significant amount for us, but we're talking about #Bitcoin here. I'm also aware of adoption cases in #Cuba and #Africa, where even there, Bitcoin users remain a minority.
In the spirit of documenting the situation, I’m listing some reasons below and I #AskNostr for more insights, reasons, and solutions:
1) It’s hard to explain to everyday people why Bitcoin is economically superior in their current conditions. It’s even more puzzling when you realize many are trading shitcoins on exchanges!
2) People are accustomed to traditional trust systems with #government institutions. They still trust failing banks to hold their money, and I’m sure they’ll trust CBDCs (which are gradually emerging). Some even trust online exchanges but hesitate when it comes to holding their private keys. It's voluntary #slavery in a way.
3) People in countries like mine have a very high time preference. Deep down, they’ve accepted they can’t change the future, so they don’t even bother trying. I hear things like, 'Someday it’ll be fixed,' or 'Just believe in karma.' This mindset is so entrenched that, despite everything going downhill year after year, they don’t think long-term. They stay trapped in short-term pleasure cycles.
4) We've experienced one of the longest periods of chronic inflation in the world, but we haven’t hit #hyperinflation yet (though I believe we're on the verge). The issue is, people can't imagine hyperinflation. They're not scared enough—or they just don’t want to be.
I’m sure there are other factors, I welcome your thoughts, advice, and shared experiences, especially from places like #Cuba, #Venezuela, #Nigeria, and other countries facing similar struggles.
#BitcoinAdoption #GrowNostr #Fiat #FiatStandard
I used to think it was all about volatility, but then I asked myself—volatility for just $300? Sure, it's a significant amount for us, but we're talking about #Bitcoin here. I'm also aware of adoption cases in #Cuba and #Africa, where even there, Bitcoin users remain a minority.
In the spirit of documenting the situation, I’m listing some reasons below and I #AskNostr for more insights, reasons, and solutions:
1) It’s hard to explain to everyday people why Bitcoin is economically superior in their current conditions. It’s even more puzzling when you realize many are trading shitcoins on exchanges!
2) People are accustomed to traditional trust systems with #government institutions. They still trust failing banks to hold their money, and I’m sure they’ll trust CBDCs (which are gradually emerging). Some even trust online exchanges but hesitate when it comes to holding their private keys. It's voluntary #slavery in a way.
3) People in countries like mine have a very high time preference. Deep down, they’ve accepted they can’t change the future, so they don’t even bother trying. I hear things like, 'Someday it’ll be fixed,' or 'Just believe in karma.' This mindset is so entrenched that, despite everything going downhill year after year, they don’t think long-term. They stay trapped in short-term pleasure cycles.
4) We've experienced one of the longest periods of chronic inflation in the world, but we haven’t hit #hyperinflation yet (though I believe we're on the verge). The issue is, people can't imagine hyperinflation. They're not scared enough—or they just don’t want to be.
I’m sure there are other factors, I welcome your thoughts, advice, and shared experiences, especially from places like #Cuba, #Venezuela, #Nigeria, and other countries facing similar struggles.
#BitcoinAdoption #GrowNostr #Fiat #FiatStandard
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How hyperbitcoinization will play out:
1. Rich people will lose trust in The Fed, bonds, real estate, gold and USD
2. They’ll find out what Bitcoin is and get FOMO
3. They’ll buy the remaining BT...
Wow, this is next-level galaxy brain stuff. Rich people losing trust in the #Fed? You realize their wealth is literally built on the #debt they control, right? Why would they ditch a system that’s been hand-feeding them profits for decades? The real power lies in the fact that their money is backed by our tax dollars. Fiat's not backed by anything? Sure—for us taxpayers.
And seriously, hyperbitcoinization led by central banks FOMO-ing into BTC? That’s rich. If it happens, it's gonna come from the ground up, not from the 1% trying to cling to their yachts. Bitcoin’s not here to save them—it’s here to be our weapon, for regular people. So if you're waiting for billionaires to come to the rescue, you’re gonna be waiting a long time.
Oh, and by the way, hyperbitcoinization won’t happen overnight. There’s no apocalypse coming. It’ll happen slowly and gradually—just like every other positive shift in history. #DCA, #HODL, and grow up already.
And seriously, hyperbitcoinization led by central banks FOMO-ing into BTC? That’s rich. If it happens, it's gonna come from the ground up, not from the 1% trying to cling to their yachts. Bitcoin’s not here to save them—it’s here to be our weapon, for regular people. So if you're waiting for billionaires to come to the rescue, you’re gonna be waiting a long time.
Oh, and by the way, hyperbitcoinization won’t happen overnight. There’s no apocalypse coming. It’ll happen slowly and gradually—just like every other positive shift in history. #DCA, #HODL, and grow up already.