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0 sats \ 0 replies \ @02f1165829 29 May outlawed \ on: Insidious nature of human beings mostly_harmless
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Bitcoin cycles are predictable to some extent by its fundamentals, but the true "bull run" is a massive psychological phenomenon. Those who understand both aspects will be better positioned to navigate the volatility. Bitcoin in the company's safe? Watch out for that...
Imagine that companies are like people, and their "safe" is where they keep their money. Lately, it's become fashionable for some companies to keep Bitcoin in that safe instead of just dollars. This has sparked a debate: is it a masterstroke or a trap?...
The Good (and the Masterstroke!)
There are companies that are truly visionary. They see Bitcoin as "digital gold" and that, in the long run, it can be a great way to protect themselves from inflation and even make more money. For them, buying Bitcoin isn't a gimmick; it's a smart decision for the future. It's like investing in something they think will be big tomorrow.
The Bad (and the Possible Trap!)
But you also have to be careful. There are companies that, to be honest, aren't doing very well with their core business. And what they do is buy Bitcoin to attract attention and make their stock market rise. It's as if they're saying, "Look, we have Bitcoin, we're modern, and we're going to be rich!" The problem is that if the business doesn't really work, that bubble can burst, and investors can lose their money. It's like a passing illusion.
My Conclusion: The key is the "real business."
My opinion is that not everything is black and white. If a company has a solid, profitable business and also decides to hold Bitcoin as a smart part of its money, great! It's like a plus to something that's already doing well.
But if a company only exists to buy Bitcoin and attract investors, without a real business that generates profits, that's when alarm bells ring. It's like a building without a foundation; no matter how beautiful it is on the outside, it can fall.
So, for you as an investor, the lesson is simple: research the company's business thoroughly. If it's good at what it does and also has Bitcoin, great. If it only talks about Bitcoin to show off, beware! It's better to invest in companies with a solid business plan, not just a pile of Bitcoin in their "cashbox."
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Hi friend, following your logic, I'd lean toward a specialty tea shop with a cozy tasting area. Have you thought about that? A specialty tea shop is ideal: high profit margins and low inventory risk due to the product's long shelf life. It allows for calm and genuine interactions, not forced ones. It offers you the potential for specialization, appealing to a niche market and differentiating yourself from the competition. Operating costs are manageable. It's a calm and profitable business that fits your profile perfectly.
The situation in El Zonte is a case study in the difficult integration of Bitcoin into the traditional financial system. The disillusionment of some locals following the IMF's partial reversal of its legal tender status is understandable, highlighting the tension between Bitcoin's decentralized vision and the reality of global financial structures.
My view is that this collision was predictable. While there is optimism about Bitcoin's grassroots adoption, concerns about the economic viability of businesses and the tendency of locals to convert Bitcoin to dollars suggest that the "novelty" has passed and pragmatism now prevails.
Recommendations
For El Zonte and similar communities, I recommend:
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Education and self-custody: Strengthen knowledge about the fundamentals of Bitcoin, beyond its legal tender status.
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Resilient microeconomies: Encourage businesses that use Bitcoin for its inherent merits, not just its legal status.
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Pragmatic adaptation: Entrepreneurs must diversify and be flexible in the face of regulatory changes. El Zonte's experience is not a failure of Bitcoin, but rather a valuable lesson about the challenges of mass adoption and the importance of community resilience.
The attendee's take on the Bitcoin 2025 conference... hmm... underscores a central tension in the Bitcoin world: should it focus on its original spirit of P2P money and individual freedom, or give in to financialization and politicization? It's understandably disappointing to see the discourse dominated by financial jargon rather than principles of self-custody. This dilemma raises the question of whether Bitcoin can become globally integrated without losing its decentralized soul. The solution might lie in reaffirming education and individual empowerment, balancing adoption with preserving its founding ethos.
Indiana Pacers Game Winner
The Pacers managed to win Game 4 and make the series 3-1. Although the Knicks made a strong comeback in Game 3, the Pacers have proven to be a very strong team at home with an explosive offense. Tyrese Haliburton's ability to rebound after weak games and Indiana's bench depth, coupled with home-court advantage, gave them the boost they needed. Furthermore, the Knicks' inconsistency at times in the game, even with Brunson's brilliance, left them vulnerable.
Edmonton Oilers
The Oilers won Game 4 and now hold a 3-1 series lead. After their resounding 6-1 victory in Game 3, Edmonton entered Game 4 with a lot of momentum and confidence. The Oilers' offense, led by McDavid and Draisaitl, is incredibly dangerous, especially at home. Furthermore, the return of Roope Hintz for the Stars wasn't enough to turn the game around, and Stuart Skinner has been playing exceptionally well in goal for Edmonton, which has been key in limiting Dallas' attack.
This is what I would say to your daughter: "The Tooth Fairy doesn't print money like a bank does. Let's just say it's like a magical gift that appears to celebrate how brave you are when you lose a tooth. It's more fantasy than real money!"
Your daughter's curiosity is absolutely admirable, and her reasoning, so logical for a child's mind, is what makes these moments unforgettable.
My opinion for your friend:
Congratulations on that budding little philosopher and economist you have at home! Those questions demonstrate a brilliant mind and a critical spirit rarely seen at that age. It's incredible how children can unravel the "magic" with their implacable logic. Connecting the topic to the inflation monster and the Tuttle Twins is a testament to the excellent foundation you're giving her. Keep fostering that curiosity, because she sparks great minds!
GENESIS