BitopiaLand
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2024-09-04 11:24:25

The Goal of a State is to Increase its Share of the World’s Bitcoin
And as soon as they realise this, there will be no more cheap sats for you…
The overriding goal of a state is to increase its share of world power. They need this to keep themselves safe from coercion and invasion.
States always try to become more powerful militarily compared to other states. Military power, however, grows out of economic power. Building a powerful military is costly.
So what states are really competing for is economic power. And in particular, the purchasing power that allows them to build a stronger military than their rivals.
Technological innovations, commodities and human capital are the potential sources of a state’s purchasing power. But whatever the source, states need to transfer economic power into money in order to have purchasing power.
So what states really aim for is to increase their share of the world’s money. Do you see where I am going?
Bitcoin’s hard limit of 21 million!
After the gold-standard failed as the world’s money, the USD is now in the process of failing as the world’s money. The speculation is about what the world’s next money will be.
I think there is only one serious contender and that is Bitcoin.
This means that states will soon wake up to the fact that in order to be safe they will need to own as much Bitcoin as possible compared to their rivals.
This will kickstart a buying frenzy the world has never witnessed before. And when the dust is settled, there will be a Bitcoin balance of power that states will try to maintain through bilateral agreements and military stand-offs.
https://m.primal.net/KdlP.png

2024-02-07 17:25:20

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Why not?

2024-02-07 08:36:32

The Rise & Fall of the British Empire
Once a proud empire, ruling the seas of the world.
Now a mere vassal relegated to obeying a contemporary superpower in order to maintain a semblance of relevance.
🇬🇧Great Britain, like every empire before it, rose and fell with the Cycle of Empires.
I wrote about Glubb’s “The Fate of Empires” before and how #Bitcoin can help preserve and make them more benevolent.
See Bitcoin & The Fate of Civilisations for a deeper explanation of each phase and the benefits #Bitcoin offers at each phase.
In summary, civilisations and empires go through 6 phases:
- The Age of Pioneers
- The Age of Conquest
- The Age of Commerce
- The Age of Affluence
- The Age of Intellect
- The Age of Decadence and Decline
Now let’s have a look at the British empire and see how it went through this cycle of rise and fall.
1. The Age of Pioneers
Great Britain started its Age of Pioneers in the 16th century under Elizabeth I. This is when it began to establish its first colonies in North America and the Caribbean.
It emerged as a naval power and produced explorers like Sir Walter Raleigh and Sir Francis Drake.
2. The Age of Conquest
It was at this stage that Britain expanded its influence into the Americas, Africa, and Asia through a series of wars. It also won the Seven Years' War (1756-1763) against great power competitor France.
Britain had a strong navy, a well-trained army, and arguably the world’s best bureaucratic and judicial system (English common law is still widely in use today)
3. The Age of Commerce
The British empire went through the Industrial Revolution (18th and 19th century) during this stage. It became the global hub for trade and manufacturing, and the territories it gained during the previous Age of Conquest provided raw materials.
This age was characterised by significant technological (e.g. steam power) and economic progress (e.g. textile and iron industries) in the British empire.
4. The Age of Affluence
The British went through their Victorian era (mid to late 19th century) at this stage. They were at the height of imperial power, becoming the world’s leading military and economic superpower.
Victorian Britain enjoyed unparalleled wealth and global influence, symbolised by grandiose architecture, extensive rail networks, and a rich literary and artistic heritage.
5. The Age of Intellect
The British empire saw significant advancements in science (Darwin, Maxwell), literature (Dickens, Hardy), and social thought (Mill, Bentham) during this age.
However, this period also saw an increase in critiques of imperialism, and a rise in nationalist movements in the colonies.
6. The Age of Decadence and Decline
The British empire was severely weakened by overspending in WW1 and WW2 (encouraged by the Americans who saw a chance to take control of the Atlantic).
Britain lost most of its empire in the two decades after WW2. It lost many of its traditional industries and saw a rapid growth of the welfare state as well as immigration from its former colonies.
Of course, Britain also started debasing its currency during the two wars. Something it never recovered from…
https://m.primal.net/HbEW.jpg

2023-12-21 04:47:13

#Bitcoin is the cure for short-termism.
https://m.primal.net/HUjb.png

2023-12-19 06:14:57

No country has ever risen to top-tier on a weak currency...
https://m.primal.net/HUVP.jpg

2023-12-18 05:09:06

The number of innovations per capita peaked in the 19th century under the gold standard.
It will peak again in the 21st century under a #Bitcoin standard.

2023-12-18 05:06:56

Price controls f*ck with prices, which is a dangerous game.
It causes economic deterioration and society's downfall.
Just look at the Soviet Union.
https://m.primal.net/HUMh.jpg

2023-11-14 17:10:37

Economy x Technology determines the success of a nation.
#Bitcoin amplifies both.

2023-10-01 15:13:45

#Bitcoin forces government transparency...
Any nation that has adopted #Bitcoin will have stronger military and bureaucratic systems.
Especially compared to an enemy that has gotten lazy and inefficient from the fiat money printer.

2023-08-14 17:03:42

Here we go again...
https://m.primal.net/HIlC.png

2023-08-12 06:46:32

#Bitcoin #art:
The Starry Night (1889) - Vincent van Gogh
https://m.primal.net/HIZu.jpg

2023-07-01 06:08:29

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Doubt Europe is at the end of a cycle or doubt if Bitcoin can save it?

2023-06-30 04:14:12

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That’s a subcategory I must shamefully admit I know nothing about 😁

2023-06-29 17:31:10

Same as with Nayib Bukele...
The only politicians worth listening to are the ones that voluntarily stop government encroachment by advocating for #bitcoin
If they also implement policies that swipe gangs of the streets, they are also worth voting for!
#elections
https://news.bitcoin.com/robert-kennedy-jr-promises-to-protect-your-right-to-use-and-hold-bitcoin-as-president/

2023-06-28 16:08:12

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If #Bitcoin crashes (in USD term I assume you mean) your 1 satoshi will still be 1 satoshi. All you have to do is wait for the USD to continue crashing again vs #Bitcoin to exchange your satoshi for USD.
If you send your sats to the wrong address you lose them. With self-sovereignty comes responsibility. Always check your receiving address…
If you buy a designer bag with #Bitcoin rewards you got from loyalty programs, AND you get #Bitcoin rewards again… Wow that’s what I would call a win-win situation!
The revolution is definitely unfolding, there is no way digital scarcity is not going to win. My strategy is to get as much as I can get my hands on now, before the window of cheap #Bitcoin closes.

2023-06-28 16:00:59

#Bitcoin: The Future of Customer Loyalty Programs
Loyalty programs, when well-implemented, allow us to save money, enhance our shopping experiences, receive relevant offers, earn rewards for consistency, and make us feel part of a community.
Unfortunately, many programs fall short and fail to meet customer expectations:
🕒 Slow Reward Accumulation: Many loyalty programs require you to spend significant amounts or make frequent purchases before you can redeem any substantial rewards. This often leads to a feeling of slow progress and delayed gratification.
💔 Expiry of Points/Rewards: It’s frustrating when hard-earned rewards disappear because you didn't use them within a certain period. It feels like watching your hard work evaporate.
🔒 Data Privacy Concerns: Joining a loyalty program often requires sharing personal data, leading to potential data privacy risks. Who has access to your information, how is it being used, and is it securely stored?
🔗 Limited Choice & Availability: Reward options often don’t align with your preferences, or are only available at inconvenient times or locations. This takes the whole idea of rewards away and dampens the experience.
💸 Increased Spending: There's a fine line between spending for necessity and for earning points. Realising you overspent can be a downer.
Sounds familiar? Enter #Bitcoin, the game-changer that will set a new standard for customer experiences. Brands won’t have an excuse anymore for offering inferior loyalty experiences.
Here's how #Bitcoin will tackle these loyalty program issues:
1️⃣Slow Reward Accumulation
With your rewards as satoshis (smallest unit of #Bitcoin), the value of your rewards grow as the value of #Bitcoin grows. You're not just accumulating points; your points are gaining value independently!
2️⃣Expiring Points
#Bitcoin makes your rewards timeless. Satoshis in your lightning wallet stay with you indefinitely. You can spend them with the brand, with other brands or you can send them to another #Bitcoin or Lightning wallet.
3️⃣Data Privacy Concerns
Your wallet is your identifier, reducing personal data exposure. If you choose to share data for extra satoshis, you do it on your terms. Plus, envision a future where you, the customer, own your transaction data (Nostr style) and can choose to share it for data analysis and personalised offers. In exchange, of course, for a few satoshis! Privacy redefined…
4️⃣Limited Choice & Availability
As #Bitcoin is globally accepted, satoshis earned through loyalty programs can be spent anywhere. If the brand’s choice of loyalty rewards is underwhelming you can spend it on regular products, take it to another brand or save the satoshis for future appreciation.
5️⃣ Increased Spending
#Bitcoin turns spending into an investment. Your satoshis, appreciating over time, make today's spending tomorrow's profit. Even if you regret a purchase, you won't regret the earned satoshis.
#Bitcoin is not only revolutionising finance but will also transform customer experiences. Starting with loyalty programs, it will tackle the most common customer-centric issues.
Shopping will be more fun and rewarding than ever before!
https://nostr.build/i/fb1952975ec8c811ab1927f0479deee1a8ee12b7379b583c9b0eb68696445f03.jpg

2023-06-26 03:34:00

#Bitcoin will make loyalty programs really easy and rewarding at the same time.
https://nostr.build/i/1a012b2238fbebf967d8689eb28ed6631d79fce89966ee2c781390d572a72bab.jpg

2023-05-15 06:24:32

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Never sure if I am happy or sad to see the price of #Bitcoin go up 🤔

2023-05-12 14:07:02

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Love the spirit, but there will be a time no one will accept your fiat! 😁

2023-05-12 13:58:05

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They were wise, those ancients 😁

2023-05-12 13:45:55

#Bitcoin #art:
The Little Street (1657–1658) - Johannes Vermeer
https://nostr.build/i/0c245484e6cfef7356eb8ab5f751363b904bf09e05fb5c888fe411b1c2e756dc.jpg

2023-05-11 16:05:06

#Bitcoin has no dual use
This is a strength, not a weakness 🏋️‍♂️
This division of labor can make #Bitcoin a pure price signal for resource allocation

2023-03-30 16:09:03

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Teaching your daughter how to work with GPT is actually really good parenting!
Her future probably depends on it…
Unless you hodl 0.5 Bitcoin of course, then she is set for life 😎

2023-03-29 15:08:17

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That’s a pretty accurate analysis 😁
And even with 🇺🇸 support winning looks pretty tough.

2023-03-28 11:40:52

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This is really bullish 🚀 for China 🇨🇳.
Really makes you wonder why the West is dragging its feet on #Bitcoin adoption. 🙈

2023-03-23 19:15:00

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I’m not familiar with hodlhodl.
Will check it out though because paxful requires ID verification in order to withdraw from the platform. Not a huge problem, but would be nice to find one that is non-KYC..

2023-03-23 19:02:44

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Peer to peer Bitcoin buying and selling

2023-03-23 18:47:53

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That’s really good advice. Setting up a Paxful account…