Read on Twitter
1/ We often misunderstand new technologies because they don’t neatly fit into to our world…yet
They enable us to do things we previously couldn't.
They change our behaviour.
#Bitcoin
is one such example.
And looking at how it’s currently used gives us a peek into our future.
They enable us to do things we previously couldn't.
They change our behaviour.
#Bitcoin
is one such example. And looking at how it’s currently used gives us a peek into our future.
2/ INFLATION HEDGE:
"Bitcoin’s ultra-orthodox monetary policy of targeting a fixed money supply, is the ideal hedge for fiat money printing."
- @pierre_rochard
"Bitcoin’s ultra-orthodox monetary policy of targeting a fixed money supply, is the ideal hedge for fiat money printing."
- @pierre_rochard
3/ MONETIZATION OF STRANDED ENERGY:
“If your local energy cost is effectively zero but you cannot sell your energy anywhere, the existence of a global buyer for energy is a godsend.”
- @nic__carter
“If your local energy cost is effectively zero but you cannot sell your energy anywhere, the existence of a global buyer for energy is a godsend.”
- @nic__carter
4/ UNCORRELATED ALPHA:
"One reason the interest in #bitcoin from Wall St as well as pensions and endowments is this is uncorrelated alpha, this is the holy grail of investing.”
- @Sonnenshein
"One reason the interest in #bitcoin
from Wall St as well as pensions and endowments is this is uncorrelated alpha, this is the holy grail of investing.” - @Sonnenshein
5/ MICROPAYMENTS:
"Bitcoin uniquely has a native unit of account called a "sat" that currently represents 1/100 of a cent (while BTC is $10k). The brand of "sats" ...could already be the most recognizable global unit of account to represent value <1cent."
- @cuysheffield
"Bitcoin uniquely has a native unit of account called a "sat" that currently represents 1/100 of a cent (while BTC is $10k). The brand of "sats" ...could already be the most recognizable global unit of account to represent value <1cent."
- @cuysheffield
6/ HIGH-VALUE SETTLEMENT:
"Its network can offer final settlement of large volume payments within minutes. #Bitcoin can thus best be compared to settlement payments between central banks & large financial institutions ... [but] infinitely cheaper & more verifiable."
- @saifedean
![6/ HIGH-VALUE SETTLEMENT:"Its network can offer final settlement of large volume payments within minutes. #Bitcoin can thus best be compared to settlement payments between central banks & large financial institutions ... [but] infinitely cheaper & more verifiable."- @saifedean](https://pbs.twimg.com/media/EZIJRV-UYAAu4lO.jpg "6/ HIGH-VALUE SETTLEMENT:\"Its network can offer final settlement of large volume payments within minutes. #Bitcoin can thus best be compared to settlement payments between central banks & large financial institutions ... [but] infinitely cheaper & more verifiable.\"- @saifedean")
"Its network can offer final settlement of large volume payments within minutes. #Bitcoin
can thus best be compared to settlement payments between central banks & large financial institutions ... [but] infinitely cheaper & more verifiable."- @saifedean
7/ DETECT MARKET DISTORTIONS:
"Bitcoin can approximate unofficial exchange rates which, in turn, can be used to detect both the existence and the magnitude of the distortion caused by capital controls & exchange rate manipulations."
- @ProfPieters
"Bitcoin can approximate unofficial exchange rates which, in turn, can be used to detect both the existence and the magnitude of the distortion caused by capital controls & exchange rate manipulations."
- @ProfPieters
8/ CAPITAL FLIGHT:
”We are approaching a bankruptcy event in the developed economies, both in banks and governments... #Bitcoin, as a discrete and non-confiscatable currency, will benefit greatly from the capital flight that will ensue.”
- @TuurDemeester
”We are approaching a bankruptcy event in the developed economies, both in banks and governments... #Bitcoin
, as a discrete and non-confiscatable currency, will benefit greatly from the capital flight that will ensue.”- @TuurDemeester
9/ A CALL OPTION ON THE FUTURE:
" #Bitcoin is the call option on the future system...It is nothing short of the future of our entire medium of exchange system, and of money and the platform on which it operates."
- @RaoulGMI
" #Bitcoin
is the call option on the future system...It is nothing short of the future of our entire medium of exchange system, and of money and the platform on which it operates."- @RaoulGMI
10/ WEALTH STORAGE:
"...may sound like a strange libertarian or anarchist perspective if you’ve grown up in a stable country.
With all of the crazy things going on in the world, the demand for censorship-resistant wealth storage is high & growing."
- @TaylorPearsonMe
"...may sound like a strange libertarian or anarchist perspective if you’ve grown up in a stable country.
With all of the crazy things going on in the world, the demand for censorship-resistant wealth storage is high & growing."
- @TaylorPearsonMe
