1/ The success of cryptocurrencies is inevitable as everyone who has even a mild distaste of Excessive Government Power, Politicians, Taxes, Shitty fiat currencies, Arbitrary Currency Debasement & Seigniorage, Central Banks, Currency devaluations and depegs, Commercial Banks...
-
Show this thread
-
2/ ... Mismanagement, Bureaucracy, Fractional Reserve Banking, Monopolies and Monopolistic behemoths, Hyperinflation, Excessive Debt-based systems, Exploitation, Pre-defined Hierarchies, Authority, Politicking, Archaic rules, Middlemen, Rent-seeking...
1 reply 6 retweets 55 likesShow this thread -
3/ ...Invasions of Privacy & Mass-Surveillance, Capital Controls, KYC/AML, Cronyism, Theft, Authoritarian/Totalitarian regimes, Centralization, Oppression, Censorship, Violence, Subsidies, Government Intervention & Meddling in our Affairs, Socialism, Communism, Marxism...
1 reply 6 retweets 50 likesShow this thread -
4/ ...Western Union, Having to Rely on Third Parties, Having to ask for Permission, Google, Facebook, Lack of self-sovereignty, Consumerism, Having to depend on or trust others will eventually unite under the banner of cryptographically-secured digital money.
1 reply 4 retweets 46 likesShow this thread -
5/ Bitcoin and perhaps a couple of other quality cryptocurrencies will suck everything in their way like an unstoppable black hole.
3 replies 10 retweets 79 likesShow this thread -
Replying to @MustStopMurad
I've always envisioned it as a gigantic whirlpool for fiat value. It is a reflection of whatever we impose on it. A null pointer that has leaked from the digital realm quickly absorbing all human transactions.
1 reply 0 retweets 2 likes -
Replying to @MACaselli
Well put. And also monetary metals and perhaps even slices of financial instruments which are currently used to store value in a neurotic scramble to beat inflation.
1 reply 0 retweets 1 like -
Replying to @MustStopMurad
Where does the need to store value arise from, lack of trust, double coincidence of wants, or undefined metric currently known as capital?
1 reply 0 retweets 0 likes -
Replying to @MACaselli
Anxiety about the future, and desire to reduce that anxiety by reducing consumption today by transferring to have available, liquid, saleable media of exchange later.
1 reply 0 retweets 0 likes
Double coincidence of wants is about Medium of Exhange. Store of Value is something that maintains it’s purchasing power as a Medium of Exchange over space and time.
-
-
Replying to @MustStopMurad @MACaselli
As opposed to fiat currencies, if Bitcoin is adopted as global money, it will grow in purchasing power by 2-3% per year as opposed to losing 2-3% per year. Mild deflation vs. Mild inflation.
0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.