Bitcoin goes mainstream 🧡 View quoted note →

Double Attack on [#Bitcoin](/t/Bitcoin) from the ECB and the FED. The synchronicity with which the ECB and the Federal Reserve attempt to discredit Bitcoin with two new papers—filled with arguments as strategic as they are fragile—is curious. ECB: In the document titled “The Distributive Effects of Bitcoin,” Ulrich Bindseil and Jürgen Schaaf assert that “Bitcoin does not increase the productive potential of the economy.” They go on to claim that Bitcoin’s alleged value stems solely from “speculation,” which is bound to “benefit early entrants at the expense of newcomers.” Basically, Bindseil and Schaaf have discovered the wonderful world of supply and demand dynamics within that mysterious entity called “the market”—perhaps too complex to grasp for those dreaming of a Soviet-style economy. FED: The Federal Reserve of Minneapolis doubles down in their paper “Unique Implementation of Permanent Primary Deficits?” suggesting that if Bitcoin became widespread, the government would no longer be able to generate deficits. “The government could simply make Bitcoin illegal.” The fallacies in the arguments of the money monopolists are addressed in a counter-paper that debunks the arguments from Frankfurt point by point. The new edition of [#BitcoinTrain](/t/BitcoinTrain) is now online! View Article → https://highlighter.com/a/naddr1qvzqqqr4gupzqx67uaxlruf7hpw4f5mtcxdyrq85fn56em4696s3p7020xa34tnwqy2hwumn8ghj7mn0wd68ytn00p68ytnyv4mz7qp9235x2t2nwaskut2ndahxwtt0vck5xetww3exzmpdgfsku6mn95erqmntv5esz7un0w

How to reach mass adoption David Bailey - 10 years as head of Retail Marketing at Apple and now CMO of Azteco - tells #BitcoinTrain why it takes changing the #Bitcoin narrative to reach the general public. “Customers of a technology product are divided into two parts. The 'early market - about 15 percent of the total market - and the mass market, 85 percent. Between them there is the so-called 'chasm,' a chasm to overcome.” “In Bitcoin we are almost at the end of the early adoption phase and the challenge is to cross the chasm so as not to get lost in the middle. To do that, we need to stop talking about how the technology works and start explaining to people how they can use it safely to gain real benefit from it in their daily lives.” View Article → https://highlighter.com/a/naddr1qvzqqqr4gupzqx67uaxlruf7hpw4f5mtcxdyrq85fn56em4696s3p7020xa34tnwqyd8wumn8ghj7mn0wd68ytnrv4exxct5wfhhvcfwd4jj7qqa2fjkzcmgd9hxwt2dv9ehxt2pv3hhqarfdahz6erxxej85ecrl3ufx