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43 sats \ 5 replies \ @BTCLNAT 8 Sep \ on: Russia & China’s US-Provoked Payment Problems econ
Excellent article. Many have placed their hope in the BRICS, where there are very powerful economies with a large amount of resources. But this part of history is showing that despite the hardships of the inflated dollar, the West is still in control. So looking at the matter in perspective, if Western countries, the USA in the lead, have that capacity against other economies that together should be stronger:
WHAT WILL HAPPEN WHEN THEY CONTINUE BUYING BTC WITH THEIR INFLATIONED MONEY?
WHAT OPPORTUNITIES FOR FREEDOM WILL THOSE WHO HAVE WORKED FOR THE CONSTRUCTION, MAINTENANCE AND DEVELOPMENT OF BITCOIN HAVE?
IT IS NOT HEALTHY FOR THOSE FINANCIAL OR GOVERNMENT ENTITIES TO CONTROL SO MUCH BTC.
Most of the btc that will exist has already been issued. Hopefully those giant old wallets are never tempted by enormous sums of fiat.
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It is true that of the 21 million there are already 18 million in issue, but from time to time they put their claws in and manipulate the market, pushing the price so they can accumulate. On the other hand, there are mining pools, I'm not against them, but we know that for a miner to only mine one block, wow, it's hard work. It's also true that in the pools the profits are shared among everyone, but the majority part remains in powerful hands. What is issued and what remains to be issued can be bought by these whales. And when does general adoption arrive? Before it arrives, what will happen? Hopefully this control does not discourage adoption or harm it.
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That's why we need local circular economies like yours.
Off topic, but I'm curious. Do you accept bitcoin for medical services?
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Ah yes. That makes sense.
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