Inflation is Exactly What Bitcoin Needs

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Can you create another Bitcoin for $500 billion? Well, Micheal Saylor is saying that YOU CAN'T and I'm really not entitled to disagree with this man. He's definitely "the bull" of the bulls in Bitcoin and one of the few who really took the burden of educating rich people on Bitcoin.

I would say that Elon Musk is in Bitcoin thanks to Michael Saylor. Bitcoin is for everybody, though, anyone can buy sats and stack for the future, but only a few are doing that. Saylor is also claiming that BTC is better than gold in any aspect you can think of and he might be right in that regard as well.

It's hard to understand Bitcoin... Yes, it is, because of the background of the masses and the extreme convenience we've developed over time. It's easier to trust the media, politicians, and bankers than to DYOR and comprehend what Bitcoin really is, but that shall come to an end as well.

According to official sources, inflation might be somewhere at around 10%-12% YOY in most of the European countries and the US might pretty much be on the same level as well. I'd say that it is actually higher than that. Just look at where gas and most of the commodities prices are now and where they were a year ago.

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We're not over with inflation yet and gas prices haven't been "capped", if ever. I was talking with my mother, who lives in Austria, earlier today, and she was telling me that it's being said over there that the state will hand €250 to every citizen as of September, in order to fight inflation.

Well, that reminds me of Weimar Germany. Pouring gas on the fire in trying to put it down. Where does that cash come from? Where did the cash that was spent on stimmies during the plandemic came from? How much value does cash really have...

It is going to zero. My humble opinion is that the turmoil that we are currently in will at some point wreck the whole financial system and a new foundation will have to be laid.

UK will begin live testing of blockchain technology in a push for crypto adoption Why would they do that? Cuz of all of the above and because 37% of people want governments to legalize it. When did governments last time listen to what the plebs have to say? Never...

The Bitcoin bill that proposes Bitcoin transactions of under $200 not to be taxed, has been yesterday pushed by Senator Lummis into Congress, and some Americans are probably waiting for it to be passed. That could open the door for the lightning network doing in the US what's been done in El Salvador for quite a while.

Knowing that Cinthya Lummis has had a couple of meetings with Jack Maller, founder of the lightning network app Strike, makes me think Americans could be close to adopting BTC as a form of payment. But sir, Bitcoin was supposed to make me a millionaire, I don't want to spend it like that pizza guy...

It's probably too late for the majority of us who would try that by stacking sats as of late, but there sure are 100,000 Bitcoin millionaires around the world already. Money has to be redefined. It's probably one of the few pillars of the current society which hasn't changed in centuries. The current economical situations we have all around the world will imo push crypto mass adoption.

It doesn't necessarily have to be Bitcoin the only savior, but my take is that some of the sleeping sheep will wake up ultimately and start searching for alternatives to cash. The tokenization of everything is also still in play. A concept that got my attention many years ago.

It's happening, but for now, it is a slow and painful process.

Thanks for your attention,
Adrian

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Yesterday, cryptocurrency transactions were legalized in Ukraine, let's see how it will stabilize and develop the country's economy. I'm not sure that bitcoin can become a savior, perhaps to some extent, and then there may be a very big collapse of the economy, when most of it is concentrated on crypto. what will happen to the villagers who, instead of cultivating the fields, will mine bitcoin? One fine day, the world will know what hunger is and you will not be able to buy anything with crypto, except crypto. Everything is good in moderation.

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What about cultivating vegetables and mining Bitcoin as well?

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This is a good option, but, as practice shows, when rural residents have extra money, they can relax too much, slaughter livestock, and fields overgrown with weeds. Of course, one can hope that this will not happen, but put yourself in their place. You suddenly became a millionaire, and you are forced to weed the field with a hoe)

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You buy machines to do that.

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You will get into the tractor at that time. when you have Pono Hive, you need to publish posts and cast your votes?...I highly doubt if it's not a small tractor for your land allotment. away from the bustle of the city and you write posts about your hobby - growing vegetables for personal needs, as a hobby), or you need to wait for the production of robotic harvesters and seeders).

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The money comes from going further into debt by selling bonds. It is really that simple. So whenever they propose a "stimulus" package, it means it is bond selling time.

This is not going to do anything since we were dealt massive supply issues. We are already seeing it with goods in the US where inventories are rising.

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Well the most brilliant plan in crypto is without a doubt the inflation put on bitcoin by bitcoin myk. So i won't go far into detail because responsible knowledgable investors and researchers would already know about it.. For some reason hive is the only group of people who seem not to understand it.. it creates inflation indirectly by giving all bitcoin holders bitcoin myk.

now it's different than a standard fork because at anytime you aquire more btc you can claim more btcmyk. so what it does is introduces the bitcoin community to bitcoin myk without diluting bitcoin but then forces it into an inflationary situation where most people will move value to bitcoin myk for the reason of first price appreciation.. it's less volume and mass to go up in price

Next it functions better as a currency.. Finally it mass adopts through inflating bitcoin myk itself through ubi inflation or giving it away free to the masses.. so the push and pull mechanism of go up in value by being more deflationary than bitcoin yet create more inflation by giving it away free

The price doesn't matter as a currency doesn't need price appreciation just broad use and payment gateways globally. bitcoin has to be considered gold because it can't function properly as a currency. so 87% of the network is owned by only 1% of the people which creates a situation similar to our gold and monetary markets now.

Why aren't hive people smart enough to understand it? Because most hivians are entry level people into crypto who likely have no prior financial literarcy or past investments. So they will discover this down the road

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The price doesn't matter as a currency doesn't need price appreciation just broad use and payment gateways globally

I highly agree on this one.

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