10 sats \ 3 replies \ @TheBTCManual 13 Oct 2023 \ on: Bitcoin adoption in Germany: Scepticism and lack of education bitcoin
I think Germans still do tend to save and relatively the Euro is still seen as a reasonable store of value while their balance of payments still inspires confidence in the country, and it creates a sort of buffer
I guess if you don't feel that pinch you're not inspired, for me it was very evident the devaluation of our currency is growing larger and larger and no local currency-denominated assets were offering protection.
I wouldn't say I got to bitcoin because I'm some genius rather just a process of elimination and doing the math, but it was heavily motivated by this feeling that I am in trouble, if people don't feel that why would they look for protection?
I think the majority is well aware of the decline of their euro and of the economy. But thhey still have 100% trust as of recency bias in the stability of their welfare state. Then there is an immense lack of financial education and massive propaganda
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Fair point, I guess what I'm saying is the decline is still sort of "palatable", even here I thought it would click that 19 Rand to the Dollar is madness, 15% annual devaluation, but people just somehow adjust to these numbers, they mean nothing to them, as long as they can service debt and meet the price at the till.
The welfare state only goes in one direction though, I've seen that firsthand, what are the biggest programs? and are they adding more?
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The irony is: they call it now ''Bürgergeld''. Citizen money. But it's their vehicle to enslave more and make them anti-sovereign. It's growing by billions (us) every year in volume
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