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This blog brings you the best Cryptocurrency & Blockchain, ICO & P2P and Exchange & Laws news. Also contains technology and research based post from all around the world every single day. Get informed! Think Future!
Thursday, 6 October 2022
Charles Darwin Would Buy Bitcoin
https://medium.com/@nicolas.och/charles-darwin-would-buy-bitcoin-62e0ca11079 Why Bitcoin’s Energy Consumption Is An Optimised Design By Nature Bitcoin’s energy consumption has been widely criticised. People claim that it is an outdated feature and newer, more modern blockchains have overcome that problem. I wrote an article to discuss why it is a common misconception of Bitcoin. In fact, the article argues that Bitcoin’s energy usage is an optimal design choice which is based on scientific laws and forms the most critical component to make Bitcoin the most advanced and secure store of value. [link] [comments] |
Without bitcoin, you will finance the debt implicitly
There's lots of new people, they might not be fully orange pilled at this point. Let's get a few things straight.
The US debt is massive, they're not going to pay for it with tax cuts, they are going to pay for it with printing. If you hold fiat, if you have contracts that promise to pay you later in fiat (e.g. bonds) then you will pay for that debt in proportion to that fiat exposure. It will be intentionally, by design, not clear the exact moments when that inflation takes place (e.g. when the printing happens, when financial assets show price increase, when land shows price increase, when bread does). If everyone knew exactly when fiat loses it's value, they'd dodge those losses.
You can debate the morality of who racked up that debt, who should pay for it, what all that money bought, etc. But the facts are that you will pay it off and more in proportion to your fiat exposure and it will be hard to predict. Bitcoin isn't a good asset to speculate on and jump back to the 'safety' of fiat. Fiat is a ship guaranteed to sink, it just sinks slow since it's so big. Bitcoin is a non-sinking ship. It's that simple. Get off fiat. Stay off.
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Every fraction, no matter how little of a highly valuable currency should be useful because it is Utility that increases Value. This is what makes bitcoincash a highly Valuable currency.
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