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& #39;t.
They change our behaviour.
#Bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt=""> 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& #39;t.
They change our behaviour.
#Bitcoin
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
https://abs.twimg.com/hashflags... draggable="false" alt=""> 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
- @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
https://abs.twimg.com/hashflags... draggable="false" alt=""> 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
- @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
https://abs.twimg.com/hashflags... draggable="false" alt="">, 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
- @TuurDemeester
9/ A CALL OPTION ON THE FUTURE:
" #Bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt=""> 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
- @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