Why would #Bitcoin  make war unaffordable, when governments could simply find other ways to finance it? In the current fiat system, a nation can easily print vast sums of money to buy as much weaponry as necessary. Therefore, a #BTC  Standard will make war unaffordable, and here's why: Proof of work requires everybody, including governments, to invest energy to obtain money. ⇒ With a limited money supply, governments can't just create more for war. They must utilize resources they genuinely possess. ⇒ Plus, the accountability with a public transparent ledger is much higher. Consequently, it's quite hard covering up financing from other sources. ⇒ The decentralized nature of #Bitcoin  will distribute economic power more evenly among individuals, businesses and also governments. Thus reducing the likelihood of conflicts arising from power imbalances. So yes, #Bitcoin  will be fostering a more peaceful world!
Why would #Bitcoin  make war unaffordable, when governments could simply find other ways to finance it? In the current fiat system, a nation can easily print vast sums of money to buy as much weaponry as necessary. Therefore, a #BTC  Standard will make war unaffordable, and here's why: Proof of work requires everybody, including governments, to invest energy to obtain money. ⇒ With a limited money supply, governments can't just create more for war. They must utilize resources they genuinely possess. ⇒ Plus, the accountability with a public transparent ledger is much higher. Consequently, it's quite hard covering up financing from other sources. ⇒ The decentralized nature of #Bitcoin  will distribute economic power more evenly among individuals, businesses and also governments. Thus reducing the likelihood of conflicts arising from power imbalances. So yes, #Bitcoin  will be fostering a more peaceful world!
Why should #Bitcoin  lead to a fairer financial system when the top 100 holders alone possess 13.78%? In the current fiat system, the top 1% holds approximately 45% of global wealth, which isn't ideal either. However, a #BTC  Standard will change the financial world, and here's why: Proof of Work over Proof of Stake/Ownership ⇒ In the fiat world, once you achieve a certain financial status, it's challenging to lose it, as having substantial wealth can generate even more money. ⇒ In a #Bitcoin  ecosystem, the dynamics are radically different. Everyone must put in genuine effort to accumulate more capital. ⇒ Consequently, wealthy individuals will eventually spend their money, redistributing it to hardworking people. So yes, #BTC 's wealth concentration may be high now, but that's because we're in the early stages! This disparity will naturally improve over time.
Honestly, all Bitcoiner I met so far are genuinely good people, that want to work hard, contribute to society and build a loving family. We are one amazing Community!
The more you get to know Bitcoin, the more you buy it. 6 years after my first contact with btc it seems so obvious.
Only Bitcoin is real money🙌 I think Nostr is one of the only places where this is common knowledge!
Goood Morning Bitcoiner 🙌 Daily Reminder: Inflation is getting bad even in „rich“ countries. Stack sats for protection 💪🏻
It’s actually really nice that you can turn natural sun light into real money. The only real money there is: Bitcoin 🙌
I actually get more followers on Twitter since I am on Nostr - The same foe anyone else?
Gooood morning Bitcoiner! Daily reminder: BTC is getting stronger with every single day! Network power right now at 362 EH/s