0 sats \ 0 replies \ @btcs 24 Sep \ on: Vitalik Buterin Exits Ethereum Amid Price Pump, Again crypto
I think we should start with education about money, the history of money, the gold standard, the fiat standard, etc. Once someone understands why Bitcoin is the most superior form of money the world has ever seen, it will be easy for them to learn how to use it
Bitcoin is a decentralized monetary network with hard peer-to-peer money. Throughout history, money has taken many forms from glass beads, shells, copper, coins made of lead, aluminum, copper, silver, and gold,but money consistently performs only three functions: a store of value, a unit of account, and a medium of exchange. As for quantum computing, it does not pose a threat to Bitcoin because by the time quantum computing becomes available, Bitcoin software will be updated accordingly. So, this narrative is just FUD spread by people who don’t understand how Bitcoin works.
Bitcoin Layer 1 is like Fedwire. Fedwire is an electronic funds transfer system managed by the Federal Reserve, used to settle large-value transactions between financial institutions in the U.S., such as banks. Unlike Fedwire, which is only available to banks, Bitcoin is available to everyone. Anyone can be their own bank and settle large-value transactions. Thus, Layer 1 will be used for large-value settlements because it offers immense security and decentralization. Meanwhile, layers 2, 3, and 4 will be developed for micro-payments. For example, the Bitcoin Lightning Network is currently very popular worldwide. The Bitcoin Lightning Network can perform hundreds of millions of transactions per second. In San Salvador, where Bitcoin is the official currency, it is widely used for everyday payments. Here you can see what a payment with Bitcoin Lightning looks like in McDonald's restaurants in Salvador.
https://www.youtube.com/shorts/25_VkeiT4R0
Payments with Bitcoin Lightning are instant and almost fee-free. There is a website, btcmap.org, where you can see all the locations worldwide—hotels, restaurants, gyms, etc.—that accept Bitcoin Lightning and on-chain payments. On the site spend-sats.com, you can also find some online merchants that accept Lightning payments.
If you use the inflation calculator
$69,000 in 2021 is worth $78,000 today
This is according to official data
But I think that inflation was much higher
Bitcoin ATH if we look at purchasing power is over 80k or maybe 90k
Thank you Darth
If you have already bought something from these sites and paid btc, please leave your review and rate
Reviews and ratings will help others if they decide to spend some of their btc stack
I believe this woman's testimony
https://www.youtube.com/watch?v=ijJaCmbrDlw
Hardware wallets that work with shitcoins app are risky
A lot of energy goes into working with the shitcoin app, and that leads to a lot of mistakes