54 sats \ 1 reply \ @ssaurel OP 22h \ on: A Million Simulations, One Verdict for US Economy: Debt Danger Ahead econ
Complete article here: https://archive.ph/lOvx6
Are you surprised?
I guess not, because otherwise, you wouldn't be on Stacker News.
I wonder how the general public reacts to this type of news coming from Bloomberg which describes the unsustainable situation towards which the American economy is heading for the future.
Do you think this could accelerate the adoption of Bitcoin? Or do you think that this will not change the general public's blindness to the flaws of the current system?
The real signal of the Bitcoin revolution is found in these types of projects which aim to help as many people as possible benefit from Bitcoin. Even without the Internet, you can enjoy the liberating power of the Bitcoin revolution.
On X, a man shares his situation. He bought a house for $2.4M two years ago.
On March 5, 2024, he sells this house for $2.475M.
The problem is that to beat the effects of inflation in America, he would have had to transform this $2.4M into $2,529,253 in March 2024.
We can therefore estimate that this person lost $75K in this real estate deal.
He regrets not having bought Bitcoin at the time for the $2.4M, as he could have bought 300 of them. Today, those 300 BTC represent over $19M.
He concludes with an eloquent question:
"Is your home worth 1.4 million? If you said NO you should sell your home, and invest the funds left over from renting."
As Bitcoiners, we all know that Bitcoin > Real Estate for Generational Wealth Preservation, but it is interesting to see real-life stories like this one.
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The funny thing is that this happened on March 2, the same day that Wilt Chamberlain scored 100 points in an NBA game on March 2, 1962.
Which record will be broken first?
LeBron's 40K career points or Wilt's 100 points in a game?
LeBron has just created the club of 40K points, 11K rebounds, and 10K assists (soon 11K assists).
One word: unique!
I've been following the Machankura project for nearly 2 years, and I'd love to see it expand to other African countries where the need is obvious to compensate for lower Internet penetration and where the need for banking via Bitcoin is essential.
Today it seems astonishing. But in the future, it is the athletes who will still be paid in weak money like USD who will be listed...
This is why we need Bitcoin. Transaction fees are decoupled from the amount you are going to exchange. This is an essential advantage compared to the current banking system.
It's surprising and it would be interesting to have explanations for such a phenomenon which tends to intensify in America. It would also be to compare it with other countries around the world to see if it's a global trend, or just localizing to America.
Donald Trump is the worst demagogue there can be.
Don't think he suddenly became a Bitcoiner. He goes where the wind takes him to catch voters. When he was in the White House, he wanted to ban Bitcoin (LOL) and cryptocurrencies. A few months later, he launched his collection of NFTs...
Money guides him in all his choices. Greed.
He can say everything and its opposite every few hours to adapt to his audience and capture more support.
Soon he will tell you that he always believed that Bitcoin was a wonderful store of value!
The only vote that counts in 2024 and beyond is Bitcoin!
The system is designed like this. The level is falling, we are less and less demanding of the children in terms of writing, reading, and mathematics.
Children do not make the effort because we allow them not to and we do not teach them to have a taste for reading and writing.
Video games, social networks, etc. are all activities that bring them immediate satisfaction and take precedence over more relevant long-term activities such as reading and writing.
From then on, the trend is growing.
You may also think that this is done to make people more and more stupid and distract their attention from important things. The more they play, the less they will think and the less likely they are to see the system in which they are locked up.
The purpose of Bitcoin is to allow you to live your life on your terms.
Therefore, no regrets to have.
You must make your own decisions regardless of what others think. Some will tell you it's wrong to spend your Bitcoin on this or that thing, but in reality, if it suits you and brings you happiness, do it.
Live!
But as long as you spend your Bitcoin, do it within the Bitcoin system to develop a circular economy based on the Bitcoin system.
This is a great move, but Reddit should clarify with what cash this will be done, because Reddit doesn't have excess cash...
On the one hand, it's quite disturbing to imagine having this type of chip implanted in your brain.
On the other hand, I tell myself that if it can positively change the lives of people who have neurological pathologies, why not?
This confirms what we all know: Bitcoin cannot be stopped.
Whether in terms of use or for mining.
Governments that want to ban Bitcoin only reinforce the absolute necessity of Bitcoin and I would even say its legitimacy!
The difference in perception between those who understand why Bitcoin exists and those who don't is total. The latter always imagine that there is an exit strategy that would consist of selling your BTC for weak money like USD.
As Michael J. Saylor has reminded us again in recent hours, Bitcoin is the exit strategy.
Numbers don't lie:
- USD - $20T
- Bitcoin - $33B
The figures come from the United Nations office specializing in drugs and crime.
While the Top 0.1% saw their wealth increase by 1,000%, the Bottom 50% lost 25% of their wealth over the same period.
This catastrophic situation has accelerated over the last few years with the unreasonable money printing of the major central banks like the Fed and the ECB.
The worst thing is that it will continue because the current system is a debt-based system that cannot survive without it.
The way out is Bitcoin.
We can only hope that, as the flaws of this system are exposed, the general public will continue to open their eyes to Bitcoin.
Central bankers and banksters can thus be considered the best marketing team in favor of Bitcoin!
The path is clear: Bitcoin will become the world's reserve currency. Sooner or later!